Intuit Inc (INTU)
Solvency ratios
| Jul 31, 2025 | Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.88 | 1.82 | 1.77 | 1.83 | 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 |
The solvency ratios of Intuit Inc. as of the available reporting periods reveal a consistent indication of a debt-free financial structure. The Debt-to-Assets Ratio, Debt-to-Capital Ratio, and Debt-to-Equity Ratio uniformly report zero values across all dates from October 31, 2020, through July 31, 2025. This suggests that the company has not employed debt financing during this period, relying entirely on equity or other non-debt sources for its capital structure.
The absence of debt-related ratios implies that Intuit Inc. maintains a net asset position entirely funded through equity, resulting in minimal to no leverage associated with borrowed capital. Consequently, the company's financial risk profile related to solvency remains low, as there is no obligation to service debt or meet interest payments.
The Financial Leverage Ratio, which measures the extent of financial leverage employed, exhibits a decreasing trend initially—from 1.85 on October 31, 2020, to approximately 1.53 in October 2021. Subsequently, it oscillates between roughly 1.61 and 1.88 through to July 2025. Although the ratio shows some variation, it remains relatively low and stable overall, corroborating the absence of significant debt leverage.
In summary, Intuit Inc. demonstrates a robust solvency position characterized by zero leverage ratios across all observed periods. The financial structure appears entirely equity-backed, minimizing solvency concerns related to debt obligations and financial leverage risk.
Coverage ratios
| Jul 31, 2025 | Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 20.57 | 18.38 | 15.53 | 14.84 | 14.76 | 14.97 | 14.12 | 13.25 | 13.10 | 14.66 | 16.08 | 19.83 | 31.99 | 54.39 | 62.71 | 93.29 | 89.14 | 78.62 | 74.31 | 96.44 |
The analysis of Intuit Inc's interest coverage ratios over the specified periods reveals significant fluctuations, indicating varying levels of ability to meet interest obligations from operational earnings.
From October 31, 2020, to October 31, 2021, the ratio remained relatively high, ranging from approximately 74.31 to 96.44, suggesting a strong capacity to cover interest expenses during this period. Notably, the peak was observed on October 31, 2020, with a ratio of 96.44, highlighting a robust earnings buffer over interest obligations.
Subsequently, a downward trend commenced starting in the period ending January 31, 2022, where the ratio dropped to 62.71, and further declined sharply through April and July 2022 to 54.39 and 31.99, respectively. By October 31, 2022, the ratio had fallen to 19.83, indicating a considerable reduction in earnings relative to interest costs, which could signal increased financial risk or decreased earnings capacity for that period.
This downward trajectory continued into early 2023, with ratios of 16.08 in January and 14.66 in April, further emphasizing a tightening in interest coverage margins. By July 31, 2023, the ratio slightly declined to 13.10, and it stabilized somewhat through October 2023 at 13.25. These low levels suggest that Intuit's earning capacity to cover interest expenses had become modest but still positive, maintaining a cushion to meet obligations, albeit with limited margin.
The most recent data points, extending into 2024 and mid-2025, depict a gradual strengthening. By January 31, 2024, the ratio rose marginally to 14.12, with subsequent increases to 14.97 in April 2024, 14.76 in July 2024, and 14.84 in October 2024. This incremental improvement indicates a recovery or enhancement in earnings relative to interest expenses.
Further projections suggest continued growth in coverage, reaching 15.53 by January 2025, and potentially improving to 18.38 and 20.57 by April and July 2025, respectively. Overall, this trend reflects a positive outlook for Intuit's ability to meet interest obligations comfortably in the coming periods.
In summary, Intuit experienced a period of high interest coverage in 2020 and 2021, followed by a marked decline in 2022 and early 2023, which could imply increased leverage or decreased profitability during that timeframe. Recent data indicate a recovery trajectory, with ratios gradually strengthening towards more comfortable levels, suggesting improved earnings capacity to service interest expenses moving forward.