Intuit Inc (INTU)
Current ratio
| Jul 31, 2025 | Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 14,107,000 | 13,965,000 | 9,135,000 | 10,726,000 | 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 |
| Total current liabilities | US$ in thousands | 10,370,000 | 9,654,000 | 7,179,000 | 8,619,000 | 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 |
| Current ratio | 1.36 | 1.45 | 1.27 | 1.24 | 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 |
July 31, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $14,107,000K ÷ $10,370,000K
= 1.36
The current ratio of Intuit Inc. demonstrates fluctuations over the analyzed period, reflecting changes in liquidity position and asset-liability management. At the beginning of the timeframe, as of October 31, 2020, the current ratio stood at a notably high level of 3.09, indicating a strong liquidity buffer and a comfortable ability to cover short-term obligations with current assets.
Subsequently, there was a significant decline by January 31, 2021, to 1.53, suggesting a reduction in liquidity or a shift in current asset composition. After this dip, the ratio recovered somewhat by April 30, 2021, reaching 1.96, then stabilized around 1.94 to 2.10 for the remainder of 2021, indicating a relatively stable liquidity position within this period.
In 2022, the ratio experienced a downward trend, decreasing to 1.18 by January 31, 2022, and further declining to 1.39 by July 31. This decline persisted into October 2022, where the ratio was recorded at 1.37. Such a trend suggests increasing utilization of current liabilities or a relative reduction in current assets.
Throughout 2023, the ratio fluctuated modestly within a narrow range, from a low of 1.17 in January to a high of 1.51 in April. The ratio slightly decreased again towards October 2023, reaching 1.25. These numbers point to a moderate and somewhat volatile liquidity position but generally maintaining above a common threshold of 1.0, which indicates that current assets are still sufficient to cover current liabilities.
Projected ratios into 2024 and 2025 show some variability but remain within a similar band, with values ranging approximately from 1.17 to 1.50. This stability indicates that Intuit's liquidity position is relatively consistent over the long term, despite short-term fluctuations.
Overall, the trend reveals a peak liquidity level in late 2020, followed by a decline and stabilization at levels around 1.2 to 1.5 in subsequent years. This suggests a cautious approach to liquidity management, with the company maintaining a baseline current ratio typical of a financially stable firm, capable of meeting short-term obligations without excessive idle current assets.
Peer comparison
Jul 31, 2025