Analysis of Debt
Total Debt (Carrying Amount)
Intuit Inc., balance sheet: debt
US$ in millions
Based on: 10-K (reporting date: 2023-07-31), 10-K (reporting date: 2022-07-31), 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-31), 10-K (reporting date: 2019-07-31), 10-K (reporting date: 2018-07-31).
| Debt 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. total debt increased from 2021 to 2022 but then slightly decreased from 2022 to 2023. |
Total Debt (Fair Value)
| Jul 31, 2023 | |
|---|---|
| Selected Financial Data (US$ in millions) | |
| Senior unsecured notes | 1,309) |
| Term loan | 4,200) |
| Secured revolving credit facility | 430) |
| Unsecured revolving credit facility | —) |
| Total debt (fair value) | 5,939) |
| Financial Ratio | |
| Debt, fair value to carrying amount ratio | 0.97 |
Based on: 10-K (reporting date: 2023-07-31).
Weighted-average Interest Rate on Debt
Weighted-average effective interest rate on debt: 2.66%
| Interest rate | Debt amount1 | Interest rate × Debt amount | Weighted-average interest rate2 |
|---|---|---|---|
| 1.13% | 500) | 6) | |
| 1.49% | 500) | 7) | |
| 1.77% | 500) | 9) | |
| 6.91% | 300) | 21) | |
| 6.64% | 130) | 9) | |
| Total | 1,930) | 51) | |
| 2.66% | |||
Based on: 10-K (reporting date: 2023-07-31).
1 US$ in millions
2 Weighted-average interest rate = 100 × 51 ÷ 1,930 = 2.66%