Intuit (Intuit) Debt-to-Equity

: 0.39 (As of Jan. 2024)

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Intuit's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $81 Mil. Intuit's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $6,423 Mil. Intuit's Total Stockholders Equity for the quarter that ended in Jan. 2024 was $16,908 Mil. Intuit's debt to equity for the quarter that ended in Jan. 2024 was 0.38.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Intuit's Debt-to-Equity or its related term are showing as below:

INTU' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.11 Med: 0.34 Max: 1.94
Current: 0.39

During the past 13 years, the highest Debt-to-Equity Ratio of Intuit was 1.94. The lowest was 0.11. And the median was 0.34.

INTU's Debt-to-Equity is ranked worse than
64.88% of 2221 companies
in the Software industry
Industry Median: 0.21 vs INTU: 0.39

Intuit Debt-to-Equity Historical Data

The historical data trend for Intuit's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Intuit Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Debt-to-Equity

0.12

0.71

0.25

0.46

0.39

Intuit Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity																0.49	0.41	0.39	0.38	0.39

Competitive Comparison

For the Software - Application subindustry, Intuit's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Intuit Debt-to-Equity Distribution

For the Software industry and Technology sector, Intuit's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Intuit's Debt-to-Equity falls into.

Intuit Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Intuit's Debt to Equity Ratio for the fiscal year that ended in Jul. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(89	+	6600)	/	17269
	=	0.39

Intuit's Debt to Equity Ratio for the quarter that ended in Jan. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(81	+	6423)	/	16908
	=	0.38

Intuit (NAS:INTU) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Intuit Debt-to-Equity Related Terms

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Intuit (Intuit) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Intuit Inc (NAS:INTU) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

INTU:Mexico 1INTU:Italy ITUd:UK ITU:Germany ITU:Germany ITU:Germany INTU34:Brazil INTU:Austria

Address

2700 Coast Avenue, Mountain View, CA, USA, 94043

Website

https://www.intuit.com

Intuit is a provider of small-business accounting software (QuickBooks), personal tax solutions (TurboTax), and professional tax offerings (Lacerte). Founded in the mid-1980s, Intuit controls the majority of U.S. market share for small-business accounting and DIY tax-filing software.

Executives

Alex G. Balazs	officer: EVP, Chief Technology Officer	C/O INTUIT INC., 2700 COAST AVE, MOUNTAIN VIEW CA 94043
Laura A Fennell	officer: VP, General Counsel, Corp. Sec	C/O INTUIT INC., PO BOX 7850, MOUNTAIN VIEW CA 94039-7850
Raul Vazquez	director	500 STAPLES DR., FRAMINGHAM MA 01702
Sasan K Goodarzi	officer: Senior Vice President	C/O INTUIT INC., 2700 COAST AVENUE, MOUNTAIN VIEW CA 94043
Sandeep Aujla	officer: EVP and CFO	C/O INTUIT INC., 2700 COAST AVENUE, MOUNTAIN VIEW CA 94043
Mark P. Notarainni	officer: EVP, Consumer Group	C/O INTUIT INC., 2700 COAST AVENUE, MOUNTAIN VIEW CA 94043
Marianna Tessel	officer: EVP, Chief Technology Officer	C/O INTUIT INC., 2700 COAST AVENUE, MOUNTAIN VIEW CA 94043
Lauren D Hotz	officer: VP, Chief Accounting Officer	C/O INTUIT INC., 2700 COAST AVENUE, MOUNTAIN VIEW CA 94043
James Alexander Chriss	officer: EVP and GM SBSEG	C/O INTUIT INC., 2700 COAST AVENUE, MOUNTAIN VIEW CA 94043
Kerry J Mclean	officer: SVP, General Counsel	C/O INTUIT INC., 2700 COAST AVENUE, MOUNTAIN VIEW CA 94043
Michelle M Clatterbuck	officer: EVP and CFO	C/O INTUIT INC., 2700 COAST AVENUE, MOUNTAIN VIEW CA 94043
Ryan Roslansky	director	C/O GODADDY INC., 2155 E. GODADDY WAY, TEMPE AZ 85284
Eric S. Yuan	director	C/O ZOOM VIDEO COMMUNICATIONS, INC., 55 ALMADEN BOULEVARD, 6TH FLOOR, SAN JOSE CA 95113
Eve B Burton	director	770 BROADWAY, NEW YORK NY 10003
Varun Krishna	officer: EVP, Consumer Group	2700 COAST AVENUE, MOUNTAIN VIEW CA 94043