Intuit Inc (INTU)

Debt-to-equity 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-equity ratio		0.30	0.32	0.35	0.35	0.35	0.35	0.42	0.40	0.39	0.00	0.00	0.00	0.21	0.00	0.00	0.00	0.40	0.00	0.00	0.00

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 fluctuated over the past few years, indicating changes in the company's capital structure and financial leverage. From July 2020 to July 2024, the ratio ranged from 0.00 to 0.42, with the highest ratio seen in January 2023 and the lowest in July 2020. A ratio of 0.00 indicates a period when the company had no debt or a negligible amount relative to its equity.

Overall, the trend in the debt-to-equity ratio suggests that Intuit Inc has maintained a conservative approach to debt financing, with the ratio generally remaining below 1.00. A ratio above 1.00 would indicate that the company relies more on debt to finance its operations and growth. It's important to note that a lower debt-to-equity ratio typically signifies a lower financial risk and greater financial stability for the company. It appears that Intuit Inc has managed its debt levels effectively over the analyzed period.