Debt to Equity
since 2005
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Intuit Inc. pages available for free this week:
- Analysis of Profitability Ratios
- Analysis of Liquidity Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Enterprise Value to FCFF (EV/FCFF)
- Present Value of Free Cash Flow to Equity (FCFE)
- Return on Equity (ROE) since 2005
- Return on Assets (ROA) since 2005
- Total Asset Turnover since 2005
- Analysis of Revenues
- Aggregate Accruals
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Calculation
Intuit Inc., debt to equity, long-term trends, calculation
| Debt to equity | = | Total debt1 | ÷ | Stockholders’ equity1 | |
|---|---|---|---|---|---|
| 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 financial data reveals key trends in the company's capital structure and leverage over the observed periods.
- Total Debt
- Total debt remained relatively stable at approximately $998 million in the early periods of available data from 2008 to 2012, then sharply decreased around 2013 to around $499-$500 million. It remained near that level until 2015 before a notable spike to $1000 million occurred in 2016. After 2016, debt levels fluctuated, first decreasing to a low of $3369 million in 2020, then rising substantially to a peak of $6914 million in 2022, followed by a decrease to $6038 million by 2024. This indicates variability in borrowing with significant increases in the most recent years analyzed.
- Stockholders’ Equity
- Stockholders’ equity showed a general upward trajectory over the entire span. Starting at $1695 million in 2005, equity grew consistently with minor fluctuations, reaching $5106 million by 2020 and continuing to significantly increase thereafter to $18436 million by 2024. This consistent growth suggests robust accumulation of retained earnings or capital infusion over time, contributing to a strong equity base.
- Debt to Equity Ratio
- The debt to equity ratio experienced fluctuations in line with changes in debt and equity levels. Initially, the ratio was near 0.49 in 2008, then decreased steadily to a low of 0.12 by 2020, reflecting either a reduction in debt relative to equity or an increase in equity. A sharp increase occurred in 2020 to 0.66 before declining again to around 0.33 by 2024. These trends indicate periods of both conservative leverage management and instances of increased borrowing relative to equity.
Overall, the data indicates a company that managed to consistently build its equity base while experiencing varying levels of debt. The peaks in debt in recent years, particularly around 2022, suggest strategic increases in leverage, possibly to fund growth or other initiatives. Despite these fluctuations in debt, the company maintained a manageable leverage level as reflected in the debt to equity ratio trending lower or moderate for much of the period.
Comparison to Competitors
Intuit Inc., debt to equity, 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., debt to equity, 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 | ||
| 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).
Comparison to Industry (Information Technology)
Intuit Inc., debt to equity, 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 | ||
| 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).