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# Intuit Total Current Assets

: \$4,862 Mil (As of Apr. 2020)
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Total current assets includes Cash And Cash Equivalents, Accounts Receivable, Total Inventories, and Other Current Assets. Intuit's total current assets for the quarter that ended in Apr. 2020 was \$4,862 Mil.

## Intuit Total Current Assets Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

 Intuit Annual Data Jul10 Jul11 Jul12 Jul13 Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Total Current Assets     2,560.00 1,614.00 1,415.00 2,422.00 3,594.00

## Intuit Total Current Assets Calculation

Total Current Assets are the asset that can be converted to cash or used to pay current liabilities within 12 months.

Intuit's Total Current Assets for the fiscal year that ended in Jul. 2019 is calculated as

 Total Current Assets = Cash And Cash Equivalents + Accounts Receivable + Total Inventories + Other Current Assets = 2740 + 87 + 0 + 702 = 3,529

Intuit's Total Current Assets for the quarter that ended in Apr. 2020 is calculated as

 Total Current Assets = Cash And Cash Equivalents + Accounts Receivable + Total Inventories + Other Current Assets = 3971 + 219 + 0 + 666 = 4,856

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Total Current Assets is linked to the Current Ratio, which is the result of dividing total current assets by total current liabilities. It is frequently used as an indicator of a company's liquidity, its ability to meet short-term obligations.

Total Current Assets is also linked to Working Capital, Net working capital is calculated as Total Current Assets minus Total Current Liabilities.

Intuit  (NAS:INTU) Total Current Assets Explanation

In Ben Graham's calculation of liquidation value, inventory is only considered worth half of its book value, and accounts receivable is considered worth 75% of its value. Therefore the liquidation value is lower than calculated from total current assets.

Intuit's Liquidation Value for the quarter that ended in Apr. 2020 is

 Liquidation value = Cash And Cash Equivalents - Total Liabilities + (0.75 * Accounts Receivable) + (0.5 * Total Inventories) = 3971 - 3024 + 0.75 * 219 + 0.5 * 0 = 1,111

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.