Intuit (MEX:INTU) Cash-to-Debt : 0.50 (As of Oct. 2024)

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What is Intuit Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Intuit's cash to debt ratio for the quarter that ended in Oct. 2024 was 0.50.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Intuit couldn't pay off its debt using the cash in hand for the quarter that ended in Oct. 2024.

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

MEX:INTU' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.2 Med: 1.19 Max: 7.47
Current: 0.5

During the past 13 years, Intuit's highest Cash to Debt Ratio was 7.47. The lowest was 0.20. And the median was 1.19.

MEX:INTU's Cash-to-Debt is ranked worse than
74.65% of 2797 companies
in the Software industry
Industry Median: 2.33 vs MEX:INTU: 0.50

Intuit Cash-to-Debt Historical Data

The historical data trend for Intuit's Cash-to-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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Intuit Cash-to-Debt Chart

Intuit Annual Data

Trend

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Jul24

Cash-to-Debt

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1.94

1.56

0.44

0.55

0.63

Intuit Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Cash-to-Debt	Get a 7-Day Free Trial															0.35	0.23	0.72	0.63	0.50

Competitive Comparison of Intuit's Cash-to-Debt

For the Software - Application subindustry, Intuit's Cash-to-Debt, along with its competitors' market caps and Cash-to-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's Cash-to-Debt Distribution in the Software Industry

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

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

Intuit Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Intuit's Cash to Debt Ratio for the fiscal year that ended in Jul. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	75766.215	/	(9280.153	+	111529.208)
	=	0.63

Intuit's Cash to Debt Ratio for the quarter that ended in Oct. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	67265.441	/	(9995.669	+	124535.214)
	=	0.50

Intuit (MEX:INTU) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Intuit Cash-to-Debt Related Terms

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Intuit Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

INTU:USA 1INTU:Italy 0JCT:UK ITU:Germany ITU:Germany ITU:Germany ITU:Germany INTU34:Brazil

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 US market share for small-business accounting and do-it-yourself tax-filing software.