Intuit Inc (INTU)

Debt-to-capital ratio

		Jul 31, 2024	Jul 31, 2023	Jul 31, 2022	Jul 31, 2021	Jul 31, 2020
Long-term debt	US$ in thousands	5,539,000	6,120,000	6,415,000	2,034,000	2,031,000
Total stockholders’ equity	US$ in thousands	18,436,000	17,269,000	16,441,000	9,869,000	5,106,000
Debt-to-capital ratio		0.23	0.26	0.28	0.17	0.28

July 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $5,539,000K ÷ ($5,539,000K + $18,436,000K)
= 0.23

Intuit Inc's debt-to-capital ratio has fluctuated over the past five years. In the most recent year as of July 31, 2024, the ratio stands at 0.23, showing a decrease compared to the prior year's 0.26. This indicates that the company relied less on debt financing relative to its total capital structure.

Looking back, the ratio was higher in the fiscal years 2022 and 2020, at 0.28, suggesting higher debt levels relative to capital during those periods. In contrast, the ratio was lowest in the fiscal year 2021 at 0.17, indicating a lower proportion of debt in the capital structure.

Overall, analyzing Intuit Inc's debt-to-capital ratio reveals varying levels of reliance on debt financing over the years, with a downward trend in the most recent fiscal year. This trend may indicate a shift towards a more balanced capital structure or a strategic effort to manage debt levels effectively.