Intuit Inc (INTU)
Quick ratio
| Jul 31, 2025 | Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 2,884,000 | 3,609,000 | 2,848,000 | 2,796,000 | 2,562,000 |
| Short-term investments | US$ in thousands | 1,668,000 | 465,000 | 814,000 | 485,000 | 1,308,000 |
| Receivables | US$ in thousands | 1,983,000 | 1,317,000 | 1,121,000 | 1,048,000 | 646,000 |
| Total current liabilities | US$ in thousands | 10,370,000 | 7,491,000 | 3,790,000 | 3,630,000 | 2,655,000 |
| Quick ratio | 0.63 | 0.72 | 1.26 | 1.19 | 1.70 |
July 31, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($2,884,000K
+ $1,668,000K
+ $1,983,000K)
÷ $10,370,000K
= 0.63
The quick ratio of Intuit Inc. demonstrates a declining trend over the observed period from July 31, 2021, to July 31, 2025. Specifically, the ratio declined from 1.70 in 2021 to 1.19 in 2022, indicating a deterioration in the company's liquidity position. A subsequent slight increase to 1.26 in 2023 suggests a modest improvement; however, this was followed by a substantial decline to 0.72 in 2024, and further down to 0.63 in 2025.
Throughout this period, the decreasing trend suggests that Intuit's ability to cover its current liabilities with its most liquid assets—excluding inventories—has diminished significantly. A quick ratio below 1, as observed in 2024 and 2025, indicates potential liquidity concerns, implying that the company's current liquid assets may not be sufficient to meet short-term obligations without relying on inventory sales or other less liquid assets.
Overall, the data indicates a notable erosion in liquidity strength over the analyzed years, which warrants closer scrutiny of cash and receivables management, as well as short-term financial strategies, to address potential liquidity risks moving forward.
Peer comparison
Jul 31, 2025