Intuit Inc (INTU)
Current ratio
| Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 9,678,000 | 9,236,000 | 7,300,000 | 6,231,000 | 5,557,000 | 6,649,000 | 4,756,000 | 4,554,000 | 5,047,000 | 5,858,000 | 3,490,000 | 4,487,000 | 5,157,000 | 5,327,000 | 4,094,000 | 6,651,000 | 7,980,000 | 4,862,000 | 3,690,000 | 3,162,000 |
| Total current liabilities | US$ in thousands | 7,491,000 | 6,163,000 | 6,216,000 | 4,996,000 | 3,790,000 | 4,415,000 | 3,862,000 | 3,325,000 | 3,630,000 | 3,591,000 | 2,968,000 | 2,138,000 | 2,655,000 | 2,712,000 | 2,677,000 | 2,152,000 | 3,529,000 | 2,713,000 | 2,204,000 | 1,757,000 |
| Current ratio | 1.29 | 1.50 | 1.17 | 1.25 | 1.47 | 1.51 | 1.23 | 1.37 | 1.39 | 1.63 | 1.18 | 2.10 | 1.94 | 1.96 | 1.53 | 3.09 | 2.26 | 1.79 | 1.67 | 1.80 |
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 fluctuated over the past few years, ranging from a low of 1.17 to a high of 3.09. The current ratio measures a company's ability to pay its short-term obligations with its short-term assets. A ratio above 1 indicates that the company has more current assets than current liabilities, which is generally seen as a positive sign.
Intuit's current ratio has shown variability, which may reflect changes in the company's liquidity position over time. For example, the current ratio was highest at 3.09 as of October 31, 2020, suggesting a strong ability to cover short-term obligations with current assets. However, the ratio decreased significantly by January 31, 2021, indicating potential changes in the company's liquidity position.
It's important to analyze the reasons behind these fluctuations in the current ratio, as they could be influenced by factors such as changes in the company's financial structure, asset management, or liabilities management. Overall, tracking the trends in the current ratio can provide insights into Intuit Inc's liquidity management and financial health.
Peer comparison
Jul 31, 2024