Intuit (BSP:INTU34) Effective Interest Rate on Debt %

: 3.48% (As of Jan. 2024)

View and export this data going back to 2019. Start your Free Trial

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Intuit's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was R$1,121 Mil. Intuit's average total debt for the quarter that ended in Jan. 2024 was R$32,266 Mil. Therefore, Intuit's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 3.48%.

Intuit Effective Interest Rate on Debt % Historical Data

The historical data trend for Intuit's Effective Interest Rate on Debt % 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

Effective Interest Rate on Debt %

Get a 7-Day Free Trial

2.73

0.46

0.94

1.63

3.28

Intuit Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															3.54	3.44	3.94	4.94	3.48

Competitive Comparison

For the Software - Application subindustry, Intuit's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % 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 Effective Interest Rate on Debt % Distribution

For the Software industry and Technology sector, Intuit's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Intuit's Effective Interest Rate on Debt % falls into.

Intuit Effective Interest Rate on Debt % Calculation

Intuit's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jul. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Jul. 2022 )	+	Total Debt (A: Jul. 2023 ))	/ count )
=	-1 * -1190.524	/	( (40476.228	+	32110.545)	/ 2 )
=	-1 * -1190.524	/	36293.3865
=	3.28 %

where

	Total Debt (A: Jul. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	37346.567	+	3129.661
=	40476.228

	Total Debt (A: Jul. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	31683.3	+	427.245
=	32110.545

Intuit's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Oct. 2023 )	+	Total Debt (Q: Jan. 2024 ))	/ count )
=	-1 * -1121.348	/	( (32544.829	+	31987.973)	/ 2 )
=	-1 * -1121.348	/	32266.401
=	3.48 %

where

	Total Debt (Q: Oct. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	32120.133	+	424.696
=	32544.829

	Total Debt (Q: Jan. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	31589.599	+	398.374
=	31987.973

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Jan. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Intuit (BSP:INTU34) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.

Intuit Effective Interest Rate on Debt % Related Terms

Thank you for viewing the detailed overview of Intuit's Effective Interest Rate on Debt % provided by GuruFocus.com. Please click on the following links to see related term pages.

Intuit (BSP:INTU34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Intuit Inc (BSP:INTU34) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

INTU:USA INTU:Mexico 1INTU:Italy ITUd:UK ITU:Germany 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.

Intuit (BSP:INTU34) Headlines

No Headlines