Intuit Inc (INTU)
Debt-to-equity 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-equity ratio | 0.30 | 0.35 | 0.39 | 0.21 | 0.40 |
July 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $5,539,000K ÷ $18,436,000K
= 0.30
The debt-to-equity ratio of Intuit Inc has shown fluctuations over the past five years. The ratio indicates the proportion of the company's debt relative to its equity. In 2024, the ratio stood at 0.30, showing a decrease from the previous year's 0.35. This reduction suggests that Intuit relied less on debt financing and had a stronger equity position in 2024.
Comparing the data to 2022 and 2023, where the ratios were 0.39 and 0.35 respectively, the company has made progress in reducing its debt levels. However, it is noteworthy that the ratio was at its lowest in 2021 at 0.21, indicating a more conservative capital structure with lower reliance on debt at that time.
On the other hand, the ratio increased to 0.40 in 2020, signaling a higher level of debt relative to equity, possibly indicating increased leveraging or a drop in equity. Overall, the trend in the debt-to-equity ratio for Intuit Inc fluctuates, but the recent decrease in 2024 suggests a positive shift towards a more balanced capital structure with lower reliance on debt.
Peer comparison
Jul 31, 2024