Intuit Inc (INTU)

Financial leverage 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
Total assets	US$ in thousands	32,132,000	31,560,000	29,688,000	28,488,000	27,780,000	28,921,000	27,202,000	27,085,000	27,734,000	28,514,000	26,303,000	14,870,000	15,516,000	15,758,000	14,598,000	9,707,000	10,931,000	7,764,000	6,701,000	6,183,000
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
Financial leverage ratio		1.74	1.68	1.76	1.68	1.61	1.64	1.72	1.69	1.69	1.68	1.69	1.53	1.57	1.58	1.65	1.85	2.14	1.64	1.80	1.70

July 31, 2024 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $32,132,000K ÷ $18,436,000K
= 1.74

The financial leverage ratio of Intuit Inc has shown some fluctuations over the past several quarters. The ratio ranged from 1.53 to 2.14 during the period from October 2019 to July 2024. Generally, a higher financial leverage ratio indicates that a company is relying more on debt to finance its operations and growth, which can lead to increased financial risk. On the other hand, a lower ratio suggests a lower reliance on debt and potentially less financial risk.

Intuit's financial leverage ratio has been relatively stable around the range of 1.60 to 1.80 in recent quarters, indicating a moderate level of debt in its capital structure. However, the ratio increased to 2.14 in July 2020, suggesting a higher level of debt relative to equity at that time. It's important for investors and stakeholders to monitor changes in the financial leverage ratio to assess the company's ability to meet its debt obligations and manage financial risk effectively.