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Microsoft Excel LibreOffice Calc

Intuit Inc. (INTU)


Analysis of Debt

Difficulty: Advanced


Debt Accounting Policy

Capitalization of Interest Expense

Intuit capitalizes interest on capital projects, including facilities build-out projects and internal use computer software projects. Capitalization commences with the first expenditure for the project and continues until the project is substantially complete and ready for its intended use. Intuit amortizes capitalized interest to depreciation expense using the straight-line method over the same lives as the related assets. Capitalized interest was not significant for any period presented.

Source: 10-K (filing date: 2019-08-30).


Total Debt (Carrying Amount)

Intuit Inc., Statement of Financial Position, Debt

US$ in millions

Microsoft Excel LibreOffice Calc
Jul 31, 2019 Jul 31, 2018 Jul 31, 2017 Jul 31, 2016 Jul 31, 2015 Jul 31, 2014
Short-term debt hidden hidden hidden hidden hidden hidden
Long-term debt hidden hidden hidden hidden hidden hidden
Total debt (carrying amount) hidden hidden hidden hidden hidden hidden

Based on: 10-K (filing date: 2019-08-30), 10-K (filing date: 2018-08-31), 10-K (filing date: 2017-09-01), 10-K (filing date: 2016-09-01), 10-K (filing date: 2015-09-01), 10-K (filing date: 2014-09-12).

Item Description The company
Total debt (carrying amount) Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations. Intuit Inc.’s total debt declined from 2017 to 2018 and from 2018 to 2019.

Total Debt (Fair Value)

Microsoft Excel LibreOffice Calc
Jul 31, 2019
Selected Financial Data (US$ in millions)
Short-term debt hidden
Long-term debt hidden
Total debt (fair value) hidden
Financial Ratio
Debt, fair value to carrying amount ratio hidden

Based on: 10-K (filing date: 2019-08-30).


Weighted-average Interest Rate on Debt

Weighted-average interest rate on debt: hidden

Interest Rate Debt Amount1 Interest Rate × Debt Amount Weighted-average Interest Rate2
Total hidden hidden
hidden

Based on: 10-K (filing date: 2019-08-30).

1 US$ in millions

2 Weighted-average interest rate = 100 × hidden ÷ hidden = hidden