Current Ratio
since 2005
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Intuit Inc. pages available for free this week:
- Common-Size Balance Sheet: Assets
- Analysis of Profitability Ratios
- Analysis of Solvency Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Capital Asset Pricing Model (CAPM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Return on Assets (ROA) since 2005
- Total Asset Turnover since 2005
- Price to Earnings (P/E) since 2005
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Calculation
Intuit Inc., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Jul 31, 2024 | = | ÷ | |||
| Jul 31, 2023 | = | ÷ | |||
| Jul 31, 2022 | = | ÷ | |||
| Jul 31, 2021 | = | ÷ | |||
| Jul 31, 2020 | = | ÷ | |||
| Jul 31, 2019 | = | ÷ | |||
| Jul 31, 2018 | = | ÷ | |||
| Jul 31, 2017 | = | ÷ | |||
| Jul 31, 2016 | = | ÷ | |||
| Jul 31, 2015 | = | ÷ | |||
| Jul 31, 2014 | = | ÷ | |||
| Jul 31, 2013 | = | ÷ | |||
| Jul 31, 2012 | = | ÷ | |||
| Jul 31, 2011 | = | ÷ | |||
| Jul 31, 2010 | = | ÷ | |||
| Jul 31, 2009 | = | ÷ | |||
| Jul 31, 2008 | = | ÷ | |||
| Jul 31, 2007 | = | ÷ | |||
| Jul 31, 2006 | = | ÷ | |||
| Jul 31, 2005 | = | ÷ |
Based on: 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 presented financial data reveals several noteworthy trends related to current assets, current liabilities, and the current ratio over the examined periods.
- Current Assets
- The amount of current assets experienced fluctuations throughout the years. Starting at 1,614 million USD in 2005, current assets generally increased with some variability. Notable rises include a peak of 3,594 million USD in 2019 and a significant surge to 7,980 million USD in 2020. Although there was a decline from 2020 to 2022, levels remained elevated compared to the initial years. The value rose again in 2024 to 9,678 million USD, indicating overall growth in liquid resources over time.
- Current Liabilities
- Current liabilities displayed a more volatile pattern. Initially recorded at 1,003 million USD in 2005, liabilities rose and fell intermittently. Between 2007 and 2012, liabilities fluctuated between approximately 1,200 and 1,800 million USD. A sharp increase occurred in 2020, reaching 3,529 million USD, and despite minor decreases afterward, liabilities remained relatively high, culminating at 7,491 million USD by 2024. This upward trend suggests increasing short-term obligations in recent years.
- Current Ratio
- The current ratio, which measures the company’s ability to cover short-term liabilities with short-term assets, showed considerable variability. Early years exhibited ratios above 1.5, indicating adequate liquidity. However, a decline was observed around 2008 and 2012, dropping near or below 1.2, and reaching lows of 0.72 and 0.73 in 2015 and 2016, respectively. Post-2016, the ratio improved, peaking at 2.26 in 2020, correlating with a significant rise in current assets relative to liabilities. After 2020, the ratio declined again but remained above 1.2, suggesting moderate liquidity pressure.
Overall, the company demonstrates growth in current assets and current liabilities with fluctuations corresponding to different fiscal years. The current ratio's variability highlights periods of strengthened liquidity as well as times where short-term obligations approached or exceeded current assets. The significant growth in both current assets and liabilities in recent years warrants attention to the management of working capital and short-term financial stability.
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. | 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. | |
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Based on: 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, 2024 | ||
| Jul 31, 2023 | ||
| Jul 31, 2022 | ||
| Jul 31, 2021 | ||
| Jul 31, 2020 | ||
| Jul 31, 2019 | ||
| Jul 31, 2018 | ||
| Jul 31, 2017 | ||
| Jul 31, 2016 | ||
| Jul 31, 2015 | ||
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| Jul 31, 2011 | ||
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| Jul 31, 2005 |
Based on: 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, 2024 | ||
| Jul 31, 2023 | ||
| Jul 31, 2022 | ||
| Jul 31, 2021 | ||
| Jul 31, 2020 | ||
| Jul 31, 2019 | ||
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| Jul 31, 2011 | ||
| Jul 31, 2010 | ||
| Jul 31, 2009 | ||
| Jul 31, 2008 | ||
| Jul 31, 2007 | ||
| Jul 31, 2006 | ||
| Jul 31, 2005 |
Based on: 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).