Intuit Inc (INTU)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	18,436,000	18,757,000	16,908,000	16,992,000	17,269,000	17,592,000	15,842,000	16,067,000	16,441,000	16,961,000	15,595,000	9,733,000	9,869,000	9,955,000	8,868,000	5,245,000	5,106,000	4,740,000	3,727,000	3,633,000
Debt-to-capital ratio		0.23	0.24	0.26	0.26	0.26	0.26	0.29	0.29	0.28	0.00	0.00	0.00	0.17	0.00	0.00	0.00	0.28	0.00	0.00	0.00

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

The debt-to-capital ratio for Intuit Inc has shown some fluctuation over the past few years. It was relatively stable around 0.26 to 0.29 from January 2023 to April 2024, indicating that the company has been using a significant portion of debt to finance its operations relative to its total capital during this period.

Interestingly, there were periods, such as July 2022 to April 2023 and July 2021, where the debt-to-capital ratio dropped to 0.00, suggesting either a temporary reduction in debt or an increase in capital. This could indicate a change in the company's capital structure strategy during those periods.

Overall, the debt-to-capital ratio has averaged around 0.17 to 0.28 over the past two years, except for a few periods of 0.00. This indicates that Intuit Inc typically maintains a moderate level of debt relative to its capital, which may imply a balanced approach to financing its operations.