Intuit Inc (INTU)
Financial leverage ratio
| Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | Jul 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 32,132,000 | 27,780,000 | 27,734,000 | 15,516,000 | 10,931,000 |
| Total stockholders’ equity | US$ in thousands | 18,436,000 | 17,269,000 | 16,441,000 | 9,869,000 | 5,106,000 |
| Financial leverage ratio | 1.74 | 1.61 | 1.69 | 1.57 | 2.14 |
July 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $32,132,000K ÷ $18,436,000K
= 1.74
The financial leverage ratio for Intuit Inc has been fluctuating over the past five years. It increased from 1.57 in July 2021 to 2.14 in July 2020, indicating a higher level of financial leverage in the previous year. This may suggest that the company relied more on debt financing in 2020 compared to 2021.
Subsequently, the ratio decreased to 1.61 in July 2023 before experiencing an uptick to 1.74 in July 2024. This indicates a slightly higher level of financial leverage in the most recent year compared to the prior year. Overall, Intuit Inc's financial leverage ratio has shown some variability in recent years, potentially reflecting changes in the company's capital structure and debt levels.
Peer comparison
Jul 31, 2024