Current Ratio
since 2005
Calculation
Intuit Inc., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Jul 31, 2025 | 1.36 | = | 14,107) | ÷ | 10,370) |
| Jul 31, 2024 | 1.29 | = | 9,678) | ÷ | 7,491) |
| Jul 31, 2023 | 1.47 | = | 5,557) | ÷ | 3,790) |
| Jul 31, 2022 | 1.39 | = | 5,047) | ÷ | 3,630) |
| Jul 31, 2021 | 1.94 | = | 5,157) | ÷ | 2,655) |
| Jul 31, 2020 | 2.26 | = | 7,980) | ÷ | 3,529) |
| Jul 31, 2019 | 1.83 | = | 3,594) | ÷ | 1,966) |
| Jul 31, 2018 | 1.14 | = | 2,404) | ÷ | 2,116) |
| Jul 31, 2017 | 0.73 | = | 1,415) | ÷ | 1,944) |
| Jul 31, 2016 | 0.72 | = | 1,614) | ÷ | 2,251) |
| Jul 31, 2015 | 1.47 | = | 2,560) | ÷ | 1,744) |
| Jul 31, 2014 | 1.84 | = | 2,621) | ÷ | 1,421) |
| Jul 31, 2013 | 1.87 | = | 2,396) | ÷ | 1,280) |
| Jul 31, 2012 | 1.20 | = | 1,523) | ÷ | 1,265) |
| Jul 31, 2011 | 1.25 | = | 2,254) | ÷ | 1,805) |
| Jul 31, 2010 | 1.88 | = | 2,295) | ÷ | 1,221) |
| Jul 31, 2009 | 1.82 | = | 1,968) | ÷ | 1,084) |
| Jul 31, 2008 | 1.21 | = | 1,774) | ÷ | 1,467) |
| Jul 31, 2007 | 1.68 | = | 1,952) | ÷ | 1,160) |
| Jul 31, 2006 | 1.79 | = | 1,817) | ÷ | 1,016) |
| Jul 31, 2005 | 1.61 | = | 1,614) | ÷ | 1,003) |
Based on: 10-K (reporting date: 2025-07-31), 10-K (reporting date: 2024-07-31), 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), 10-K (reporting date: 2017-07-31), 10-K (reporting date: 2016-07-31), 10-K (reporting date: 2015-07-31), 10-K (reporting date: 2014-07-31), 10-K (reporting date: 2013-07-31), 10-K (reporting date: 2012-07-31), 10-K (reporting date: 2011-07-31), 10-K (reporting date: 2010-07-31), 10-K (reporting date: 2009-07-31), 10-K (reporting date: 2008-07-31), 10-K (reporting date: 2007-07-31), 10-K (reporting date: 2006-07-31), 10-K (reporting date: 2005-07-31).
1 US$ in millions
The analysis of the annual financial data reveals notable fluctuations in the key liquidity metrics over the observed period. The current assets exhibit an overall upward trend with intermittent volatility. Beginning at 1,614 million USD in fiscal year 2005, current assets peaked significantly in recent years, reaching 14,107 million USD by fiscal year 2025. Despite some declines observed during periods such as 2012 and 2016, the general trajectory indicates expanded asset holdings, particularly marked by a substantial increase starting around 2019.
Conversely, current liabilities have also increased over the same timeframe, albeit with less consistency than current assets. Starting at 1,003 million USD in 2005, liabilities rose steadily in the initial years, with some variations afterward. A sharp increase is apparent from 2019 onwards, culminating at 10,370 million USD in 2025, reflecting greater short-term obligations concurrent with the rise in current assets.
The current ratio, derived from current assets over current liabilities, demonstrates significant variability, highlighting fluctuations in short-term liquidity. Early in the period, the ratio maintained relatively healthy levels mostly above 1.5, indicating adequate liquidity. However, a notable dip occurred around 2015 and 2016, with the ratio falling below 1 (0.72 and 0.73 respectively), signaling potential liquidity stress during those years. Recovery followed as the ratio climbed again, reaching a high of 2.26 in 2020, suggesting strong liquidity at that point.
Post-2020, the current ratio shows a downward trend despite the growth in both assets and liabilities, stabilizing around 1.3 to 1.4 by 2024 and 2025. This indicates that although the company has expanded its asset base substantially, its liabilities have grown at a similar or faster pace, leading to somewhat reduced liquidity buffers.
- Current Assets
- General upward trend from 1,614 million USD in 2005 to 14,107 million USD in 2025, with intermittent declines around 2012 and 2016.
- Current Liabilities
- Overall increase from 1,003 million USD in 2005 to 10,370 million USD in 2025, with fluctuations and pronounced growth starting circa 2019.
- Current Ratio
- Generally healthy above 1.5 early on, with a significant drop below 1 in 2015-2016, followed by a recovery peaking above 2.2 in 2020, then stabilizing around 1.3-1.4 by 2025.
In summary, the data suggests a company experiencing substantial growth in both short-term assets and liabilities. The fluctuations in the current ratio imply periods of liquidity strain, particularly mid-decade, but also intervals of strong liquidity. The recent trend points to a need to monitor the balance between assets and liabilities closely, as the pace of liability growth could impact financial flexibility despite overall asset expansion.
Comparison to Competitors
Intuit Inc., current ratio, long-term trends, comparison to competitors
| Intuit Inc. | Accenture PLC | Adobe Inc. | Cadence Design Systems Inc. | CrowdStrike Holdings Inc. | Datadog Inc. | Fair Isaac Corp. | International Business Machines Corp. | Microsoft Corp. | Oracle Corp. | Palantir Technologies Inc. | Palo Alto Networks Inc. | Salesforce Inc. | ServiceNow Inc. | Synopsys Inc. | Workday Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jul 31, 2025 | 1.36 | — | — | — | 1.77 | — | — | — | 1.35 | 0.75 | — | 0.94 | 1.06 | — | — | 1.90 |
| Jul 31, 2024 | 1.29 | 1.10 | 1.07 | 2.93 | 1.76 | 2.64 | 1.62 | 1.04 | 1.27 | 0.72 | 5.96 | 0.89 | 1.09 | 1.10 | 2.44 | 1.97 |
| Jul 31, 2023 | 1.47 | 1.30 | 1.34 | 1.24 | 1.73 | 3.17 | 1.51 | 0.96 | 1.77 | 0.91 | 5.55 | 0.78 | 1.02 | 1.06 | 1.15 | 1.75 |
| Jul 31, 2022 | 1.39 | 1.23 | 1.11 | 1.27 | 1.83 | 3.09 | 1.46 | 0.92 | 1.78 | 1.62 | 5.17 | 0.77 | 1.05 | 1.11 | 1.09 | 1.03 |
| Jul 31, 2021 | 1.94 | 1.25 | 1.25 | 1.77 | 2.65 | 3.54 | 0.99 | 0.88 | 2.08 | 2.30 | 4.34 | 0.91 | 1.23 | 1.05 | 1.16 | 1.12 |
| Jul 31, 2020 | 2.26 | 1.40 | 1.48 | 1.86 | 2.38 | 5.77 | 1.29 | 0.98 | 2.52 | 3.03 | 3.74 | 1.91 | 1.08 | 1.21 | 1.19 | 1.04 |
| Jul 31, 2019 | 1.83 | 1.40 | 0.79 | 1.74 | — | 4.51 | 0.93 | 1.02 | 2.53 | 2.49 | — | 1.78 | 0.95 | 1.03 | 0.99 | 1.11 |
| Jul 31, 2018 | 1.14 | 1.34 | 1.13 | 1.34 | — | — | 0.80 | 1.29 | 2.90 | 3.96 | — | 1.93 | 0.92 | 1.17 | 0.73 | 1.92 |
| Jul 31, 2017 | 0.73 | 1.23 | 2.05 | 1.53 | — | — | 0.95 | 1.33 | 2.48 | 3.08 | — | 1.65 | 0.83 | 1.15 | 1.04 | 1.93 |
| Jul 31, 2016 | 0.72 | 1.35 | 2.08 | 1.20 | — | — | 1.09 | 1.21 | 2.35 | 3.74 | — | 2.03 | 0.77 | 1.25 | 1.00 | 2.56 |
| Jul 31, 2015 | 1.47 | 1.36 | 2.18 | 1.80 | — | — | 1.18 | 1.24 | 2.50 | 4.13 | — | 1.04 | 0.81 | 1.48 | 0.99 | 3.29 |
| Jul 31, 2014 | 1.84 | 1.46 | 1.85 | 1.33 | — | — | 0.85 | 1.25 | 2.50 | 3.35 | — | 2.75 | 0.67 | 1.79 | 1.09 | 4.80 |
| Jul 31, 2013 | 1.87 | 1.45 | 2.65 | 1.06 | — | — | 1.50 | 1.28 | 2.71 | 3.24 | — | 2.57 | 0.69 | 2.43 | 1.18 | 3.47 |
| Jul 31, 2012 | 1.20 | 1.55 | 3.41 | 1.14 | — | — | 1.24 | 1.13 | 2.60 | 2.60 | — | 3.13 | 0.72 | 1.99 | 0.91 | — |
| Jul 31, 2011 | 1.25 | 1.45 | 3.02 | 1.05 | — | — | 2.49 | 1.21 | 2.60 | 2.76 | — | — | 0.84 | — | 1.33 | — |
| Jul 31, 2010 | 1.88 | 1.46 | 3.01 | 1.26 | — | — | 2.84 | 1.19 | 2.13 | 1.84 | — | — | 1.88 | — | 1.35 | — |
| Jul 31, 2009 | 1.82 | 1.46 | 2.93 | 2.14 | — | — | 3.86 | 1.36 | 1.82 | 2.03 | — | — | 1.39 | — | 1.80 | — |
| Jul 31, 2008 | 1.21 | 1.34 | 3.59 | 1.69 | — | — | 2.87 | 1.15 | 1.45 | 1.81 | — | — | 1.22 | — | 1.45 | — |
| Jul 31, 2007 | 1.68 | 1.14 | 3.02 | 1.95 | — | — | 0.80 | 1.20 | 1.69 | 1.37 | — | — | 1.11 | — | 1.29 | — |
| Jul 31, 2006 | 1.79 | 1.26 | 4.26 | 2.39 | — | — | 0.77 | 1.11 | 2.18 | 1.73 | — | — | 1.29 | — | 1.03 | — |
| Jul 31, 2005 | 1.61 | 1.37 | 4.18 | 2.11 | — | — | 2.99 | 1.30 | 2.89 | 1.05 | — | — | 1.36 | — | 1.16 | — |
Based on: 10-K (reporting date: 2025-07-31), 10-K (reporting date: 2024-07-31), 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), 10-K (reporting date: 2017-07-31), 10-K (reporting date: 2016-07-31), 10-K (reporting date: 2015-07-31), 10-K (reporting date: 2014-07-31), 10-K (reporting date: 2013-07-31), 10-K (reporting date: 2012-07-31), 10-K (reporting date: 2011-07-31), 10-K (reporting date: 2010-07-31), 10-K (reporting date: 2009-07-31), 10-K (reporting date: 2008-07-31), 10-K (reporting date: 2007-07-31), 10-K (reporting date: 2006-07-31), 10-K (reporting date: 2005-07-31).
Comparison to Sector (Software & Services)
Intuit Inc., current ratio, long-term trends, comparison to sector (software & services)
| Intuit Inc. | Software & Services | |
|---|---|---|
| Jul 31, 2025 | 1.36 | — |
| Jul 31, 2024 | 1.29 | 1.20 |
| Jul 31, 2023 | 1.47 | 1.40 |
| Jul 31, 2022 | 1.39 | 1.43 |
| Jul 31, 2021 | 1.94 | 1.68 |
| Jul 31, 2020 | 2.26 | 1.92 |
| Jul 31, 2019 | 1.83 | 1.84 |
| Jul 31, 2018 | 1.14 | 2.22 |
| Jul 31, 2017 | 0.73 | 2.06 |
| Jul 31, 2016 | 0.72 | 2.03 |
| Jul 31, 2015 | 1.47 | 2.15 |
| Jul 31, 2014 | 1.84 | 2.01 |
| Jul 31, 2013 | 1.87 | 2.04 |
| Jul 31, 2012 | 1.20 | 1.84 |
| Jul 31, 2011 | 1.25 | 1.87 |
| Jul 31, 2010 | 1.88 | 1.62 |
| Jul 31, 2009 | 1.82 | 1.63 |
| Jul 31, 2008 | 1.21 | 1.36 |
| Jul 31, 2007 | 1.68 | 1.37 |
| Jul 31, 2006 | 1.79 | 1.52 |
| Jul 31, 2005 | 1.61 | 1.70 |
Based on: 10-K (reporting date: 2025-07-31), 10-K (reporting date: 2024-07-31), 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), 10-K (reporting date: 2017-07-31), 10-K (reporting date: 2016-07-31), 10-K (reporting date: 2015-07-31), 10-K (reporting date: 2014-07-31), 10-K (reporting date: 2013-07-31), 10-K (reporting date: 2012-07-31), 10-K (reporting date: 2011-07-31), 10-K (reporting date: 2010-07-31), 10-K (reporting date: 2009-07-31), 10-K (reporting date: 2008-07-31), 10-K (reporting date: 2007-07-31), 10-K (reporting date: 2006-07-31), 10-K (reporting date: 2005-07-31).
Comparison to Industry (Information Technology)
Intuit Inc., current ratio, long-term trends, comparison to industry (information technology)
| Intuit Inc. | Information Technology | |
|---|---|---|
| Jul 31, 2025 | 1.36 | — |
| Jul 31, 2024 | 1.29 | 1.24 |
| Jul 31, 2023 | 1.47 | 1.41 |
| Jul 31, 2022 | 1.39 | 1.37 |
| Jul 31, 2021 | 1.94 | 1.55 |
| Jul 31, 2020 | 2.26 | 1.71 |
| Jul 31, 2019 | 1.83 | 1.66 |
| Jul 31, 2018 | 1.14 | 1.88 |
| Jul 31, 2017 | 0.73 | 2.04 |
| Jul 31, 2016 | 0.72 | 2.01 |
| Jul 31, 2015 | 1.47 | 2.03 |
| Jul 31, 2014 | 1.84 | 1.97 |
| Jul 31, 2013 | 1.87 | 2.20 |
| Jul 31, 2012 | 1.20 | 2.07 |
| Jul 31, 2011 | 1.25 | 2.11 |
| Jul 31, 2010 | 1.88 | 2.01 |
| Jul 31, 2009 | 1.82 | 2.03 |
| Jul 31, 2008 | 1.21 | 1.80 |
| Jul 31, 2007 | 1.68 | 1.78 |
| Jul 31, 2006 | 1.79 | 1.85 |
| Jul 31, 2005 | 1.61 | 2.01 |
Based on: 10-K (reporting date: 2025-07-31), 10-K (reporting date: 2024-07-31), 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), 10-K (reporting date: 2017-07-31), 10-K (reporting date: 2016-07-31), 10-K (reporting date: 2015-07-31), 10-K (reporting date: 2014-07-31), 10-K (reporting date: 2013-07-31), 10-K (reporting date: 2012-07-31), 10-K (reporting date: 2011-07-31), 10-K (reporting date: 2010-07-31), 10-K (reporting date: 2009-07-31), 10-K (reporting date: 2008-07-31), 10-K (reporting date: 2007-07-31), 10-K (reporting date: 2006-07-31), 10-K (reporting date: 2005-07-31).