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Microsoft Excel LibreOffice Calc

Intuit Inc. (NASDAQ:INTU)


Analysis of Debt

Advanced level


Accounting Policy on Debt

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., balance sheet: 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
Long-term debt
Total debt (carrying amount)

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).

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.’s total debt decreased 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
Long-term debt
Total debt (fair value)
Financial Ratio
Debt, fair value to carrying amount ratio

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


Weighted-average Interest Rate on Debt

Weighted-average interest rate on debt:

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

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

1 US$ in millions

2 Weighted-average interest rate = 100 × ÷ =