Intuit Inc (INTU)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 5,539,000 | 5,952,000 | 5,950,000 | 5,879,000 | 6,120,000 | 6,109,000 | 6,576,000 | 6,486,000 | 6,415,000 | — | — | — | 2,034,000 | — | — | — | 2,031,000 | — | — | — |
| Total assets | US$ in thousands | 32,132,000 | 31,560,000 | 29,688,000 | 28,488,000 | 27,780,000 | 28,921,000 | 27,202,000 | 27,085,000 | 27,734,000 | 28,514,000 | 26,303,000 | 14,870,000 | 15,516,000 | 15,758,000 | 14,598,000 | 9,707,000 | 10,931,000 | 7,764,000 | 6,701,000 | 6,183,000 |
| Debt-to-assets ratio | 0.17 | 0.19 | 0.20 | 0.21 | 0.22 | 0.21 | 0.24 | 0.24 | 0.23 | 0.00 | 0.00 | 0.00 | 0.13 | 0.00 | 0.00 | 0.00 | 0.19 | 0.00 | 0.00 | 0.00 |
July 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $5,539,000K ÷ $32,132,000K
= 0.17
The debt-to-assets ratio for Intuit Inc has shown some fluctuations over the past few years. The ratio represents the proportion of the company's total debt to its total assets. A lower ratio indicates lower financial risk, as it suggests that the company has more assets relative to its debt obligations.
From the data provided, we observe that the debt-to-assets ratio has generally been below 0.25, indicating that Intuit Inc relies more on equity financing rather than debt financing to fund its operations and expansion.
There are some periods where the ratio is notably higher, such as in Oct 2022 and Oct 2023, where the ratio reached 0.24 and 0.22, respectively. This suggests a slight increase in the company's debt level relative to its assets during those periods.
It is also worth noting that in several periods, including Apr 2022, Jan 2022, and Jul 2021, the debt-to-assets ratio is recorded as 0.00. This could indicate that Intuit Inc had no debt obligations or that the company had such a small amount of debt that it was negligible compared to its assets.
Overall, the trend shows that Intuit Inc has maintained a conservative approach to debt management, keeping the debt-to-assets ratio relatively low, which may indicate a strong financial position and lower risk of financial distress.
Peer comparison
Jul 31, 2024