Intuit Inc (INTU)

Current ratio

		Jul 31, 2024	Jul 31, 2023	Jul 31, 2022	Jul 31, 2021	Jul 31, 2020
Total current assets	US$ in thousands	9,678,000	5,557,000	5,047,000	5,157,000	7,980,000
Total current liabilities	US$ in thousands	7,491,000	3,790,000	3,630,000	2,655,000	3,529,000
Current ratio		1.29	1.47	1.39	1.94	2.26

July 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $9,678,000K ÷ $7,491,000K
= 1.29

The current ratio of Intuit Inc has exhibited a declining trend over the past five years. The ratio decreased from 2.26 in July 2020 to 1.29 in July 2024. This suggests that the company's ability to cover its short-term obligations with its current assets has weakened over the years. A current ratio below 1.0 would indicate that the company may have difficulty meeting its short-term liabilities. It is important for investors and stakeholders to monitor this trend to assess the company's liquidity position and financial health.