Stock Analysis on Net

Intuit Inc. (NASDAQ:INTU)

$24.99

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

Intuit Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

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Apr 30, 2025 Jan 31, 2025 Oct 31, 2024 Jul 31, 2024 Apr 30, 2024 Jan 31, 2024 Oct 31, 2023 Jul 31, 2023 Apr 30, 2023 Jan 31, 2023 Oct 31, 2022 Jul 31, 2022 Apr 30, 2022 Jan 31, 2022 Oct 31, 2021 Jul 31, 2021 Apr 30, 2021 Jan 31, 2021 Oct 31, 2020 Jul 31, 2020 Apr 30, 2020 Jan 31, 2020 Oct 31, 2019 Jul 31, 2019 Apr 30, 2019 Jan 31, 2019 Oct 31, 2018
Short-term debt
Accounts payable
Accrued compensation and related liabilities
Deferred revenue
Income taxes payable
Other current liabilities
Current liabilities before funds payable and amounts due to customers
Funds payable and amounts due to customers
Current liabilities
Long-term debt
Operating lease liabilities, excluding current portion
Other long-term obligations
Long-term liabilities
Total liabilities
Preferred stock
Common stock and additional paid-in capital
Treasury stock, at cost
Accumulated other comprehensive loss
Retained earnings
Stockholders’ equity
Total liabilities and stockholders’ equity

Based on: 10-Q (reporting date: 2025-04-30), 10-Q (reporting date: 2025-01-31), 10-Q (reporting date: 2024-10-31), 10-K (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-Q (reporting date: 2024-01-31), 10-Q (reporting date: 2023-10-31), 10-K (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-Q (reporting date: 2023-01-31), 10-Q (reporting date: 2022-10-31), 10-K (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-Q (reporting date: 2022-01-31), 10-Q (reporting date: 2021-10-31), 10-K (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-Q (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-31), 10-K (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-Q (reporting date: 2020-01-31), 10-Q (reporting date: 2019-10-31), 10-K (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30), 10-Q (reporting date: 2019-01-31), 10-Q (reporting date: 2018-10-31).


Short-term Debt
The short-term debt ratio remained relatively low through most of the periods analyzed, generally ranging between approximately 0.5% and 2%. A notable exception occurred from April to July 2020, where a sharp spike reached peaks above 12%, followed by a decline back to the previous lower levels. This spike suggests a temporary increase in short-term borrowing or funding needs during this period.
Accounts Payable
Accounts payable as a percentage of total liabilities and stockholders’ equity showed fluctuations, with initial values around 4% to 7.5%. There was a gradual downward trend after early 2019, stabilizing near 2% to 3% in the most recent quarters, indicating a relative reduction in outstanding payments to suppliers or creditors over time.
Accrued Compensation and Related Liabilities
These liabilities exhibited modest volatility, peaking near 6% in mid-2019 but generally stabilizing around 1% to 3% in later quarters. The overall trend suggests a gradual decline in accrued compensation liabilities proportional to the company’s capital structure, with intermittent increases likely related to timing of payroll or bonus accruals.
Deferred Revenue
Deferred revenue showed a declining trend from a high near 12% in early 2019 to approximately 2% to 3% in recent periods. This decrease indicates a smaller proportion of revenues recognized in advance relative to total liabilities and equity, potentially reflecting changes in billing practices or revenue recognition over time.
Income Taxes Payable
Income taxes payable appeared sporadically in the data starting in 2022, with small amounts fluctuating around 0% to 2.5%. The irregular presence and relatively low percentages suggest these liabilities are minor and possibly subject to timing differences in tax payments.
Other Current Liabilities
This category was variable, peaking above 8% in early 2019, but typically ranging between 1.5% and 4% subsequently. The fluctuations may represent varying operational or contingent liabilities that impact current obligations without a clear directional trend.
Current Liabilities Before Funds Payable and Amounts Due to Customers
These liabilities showed a peak near 30% in early 2020, followed by a decline to approximately 9% to 14% in later periods. The initial increase could reflect operational needs or temporary funding, whereas the subsequent reduction indicates a stabilization or deleveraging of short-term obligations excluding customer-related funds.
Funds Payable and Amounts Due to Customers
This category decreased from roughly 8% in late 2018 to lows near 1% to 2% between 2021 and early 2023, followed by a sharp rebound to peaks of 16% to 17% in late 2024 and early 2025. The resurgence suggests increased customer-related liabilities, likely indicative of changes in customer deposits or product/service payment timing.
Current Liabilities
Current liabilities including all components declined from a high near 37% in early 2019 to about 11% in early 2022, before rising again toward 26% by early 2025. The pattern reflects significant short-term liability management with periods of tightening followed by expansion in recent quarters.
Long-Term Debt
Long-term debt showed notable volatility, with a sharp increase to nearly 19% in mid-2020 following a low near 0.6% earlier that year. From mid-2020 onward, it remained elevated between roughly 16% and 25%, indicating a strategic reliance on longer-term financing in recent years.
Operating Lease Liabilities, Excluding Current Portion
Data from 2019 onward shows these liabilities generally reduced from a peak near 4.8% to about 1.4% to 1.9% in the latest periods. This reduction reflects either lease term expirations, renegotiations, or shifts in asset usage policies.
Other Long-Term Obligations
These obligations decreased significantly from above 3.5% in earlier periods to below 1% after 2021, suggesting a reduction in non-debt long-term liabilities or settlements of prior obligations.
Long-Term Liabilities
Long-term liabilities inclusive of debt and other obligations fluctuated from around 8% to almost 30%, peaking around early 2022. Afterward, the proportion gradually declined to about 19% by early 2025, indicating somewhat reduced long-term leverage relative to total capital.
Total Liabilities
Total liabilities as a percentage of total capital ranged approximately from 34% to 53%, with a high point in mid-2020 and early 2025. The data reflects periods of increasing indebtedness and liability accumulation, as well as phases of deleveraging.
Common Stock and Additional Paid-in Capital
This equity component declined markedly from a peak above 110% in late 2018 to below 60% by early 2025. The downward trend suggests issuance dilution, share repurchases, or other equity changes impacting this balance relative to total capital.
Treasury Stock
The treasury stock value (negative) decreased in magnitude from about -226% in 2018 to near -57% in recent periods, indicating substantial share repurchase activity earlier on, which moderated over time but still remained significant relative to total capital.
Accumulated Other Comprehensive Loss
This loss remained minor throughout, fluctuating near zero with slight increases and decreases, and showing no significant impact on overall equity proportions.
Retained Earnings
Retained earnings decreased from about 172% in late 2018 to around 50% in recent periods, reflecting possible earnings utilization for dividends, share repurchases, or other capital allocations. The decline stabilized somewhat since mid-2021.
Stockholders’ Equity
Overall equity as a portion of total capital fluctuated between approximately 46% and 66%, with declines notably in mid-2020 and early 2025. The oscillations correspond with changes in retained earnings, treasury stock, and paid-in capital, indicating dynamic equity management strategies.
Total Liabilities and Stockholders’ Equity
The sum of liabilities and equity remained constant at 100% throughout, reflecting the structural balance of the company’s capital composition.