Intuit Inc (INTU)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 2,884,000 | 5,443,000 | 2,435,000 | 2,872,000 | 3,609,000 | 4,215,000 | 1,474,000 | 1,734,000 | 2,848,000 | 3,745,000 | 1,547,000 | 2,125,000 | 2,796,000 | 3,531,000 | 1,257,000 | 2,864,000 | 2,562,000 | 3,164,000 | 1,952,000 | 5,174,000 |
| Short-term investments | US$ in thousands | 1,668,000 | 731,000 | 24,000 | 486,000 | 465,000 | 463,000 | 15,000 | 537,000 | 814,000 | 523,000 | 524,000 | 599,000 | 485,000 | 373,000 | 157,000 | 386,000 | 1,308,000 | 952,000 | 786,000 | 619,000 |
| Receivables | US$ in thousands | 1,983,000 | 7,232,000 | 5,817,000 | 1,345,000 | 1,317,000 | 1,499,000 | 2,055,000 | 1,047,000 | 1,121,000 | 1,419,000 | 1,918,000 | 1,038,000 | 1,048,000 | 744,000 | 1,130,000 | 522,000 | 646,000 | 558,000 | 618,000 | 128,000 |
| 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 |
| Quick ratio | 0.63 | 1.39 | 1.15 | 0.55 | 0.72 | 1.00 | 0.57 | 0.66 | 1.26 | 1.29 | 1.03 | 1.13 | 1.19 | 1.29 | 0.86 | 1.76 | 1.70 | 1.72 | 1.25 | 2.75 |
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 analysis of Intuit Inc.’s quick ratio over the specified period demonstrates significant fluctuations that reflect the company’s changing liquidity position. Initially, the quick ratio was notably high at 2.75 on October 31, 2020, implying a strong ability to meet short-term liabilities with its most liquid assets, possibly driven by a substantial cash and receivables base relative to current liabilities.
Subsequent developments show a decline to 1.25 by January 31, 2021, indicating a reduction in liquidity but still maintaining a comfortable buffer above 1.0, which generally signifies that liquid assets cover current liabilities more than adequately. The ratio experienced an increase to 1.72 by April 30, 2021, continuing a positive trend, followed by slight fluctuations and maintaining ratios above 1.0 through October 31, 2021.
A sharper decline is observed starting from January 31, 2022, when the quick ratio fell to 0.86, falling below the critical threshold of 1.0. This decline persisted through 2022 and into early 2023, reaching 0.66 by October 31, 2022, and further falling to 0.57 on January 31, 2024. Such ratios below 1.0 indicate that the company's liquid assets were insufficient to cover current liabilities purely through liquid resources, suggesting increased liquidity risk during this period.
However, in the subsequent quarters, a partial recovery is evident. The ratio increased to 1.00 on April 30, 2024, signifying improved liquidity positioning, and further to 1.15 on January 31, 2025. Notably, by April 30, 2025, the quick ratio rose to 1.39, and although it decreased again to 0.63 by July 31, 2025, the values before and after this fluctuation reflect ongoing volatility.
Overall, the trend reveals that Intuit experienced a period of robust liquidity in 2020 and early 2021, followed by a sustained decline infringing below the critical 1.0 threshold in 2022 and 2023, indicating increased liquidity risk. Recent data suggests some improvement in liquidity levels, though they remain relatively volatile. The fluctuations imply variations in the company's liquid assets and short-term liabilities management, with periods of improved liquidity interspersed with phases of concern regarding short-term financial health.
Peer comparison
Jul 31, 2025