Analysis of Liquidity Ratios

Liquidity ratios measure the company ability to meet its short-term obligations.

Intuit Inc., liquidity ratios

	Jul 31, 2022	Jul 31, 2021	Jul 31, 2020	Jul 31, 2019	Jul 31, 2018	Jul 31, 2017
Current ratio	1.39	1.94	2.26	1.83	1.14	0.73
Quick ratio	1.17	1.65	2.04	1.44	0.86	0.45
Cash ratio	0.90	1.46	2.00	1.39	0.81	0.40

Liquidity ratio	Description	The company
Current ratio	A liquidity ratio calculated as current assets divided by current liabilities.	Intuit Inc. current ratio deteriorated from 2020 to 2021 and from 2021 to 2022.
Quick ratio	A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities.	Intuit Inc. quick ratio deteriorated from 2020 to 2021 and from 2021 to 2022.
Cash ratio	A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities.	Intuit Inc. cash ratio deteriorated from 2020 to 2021 and from 2021 to 2022.

Intuit Inc., current ratio calculation, comparison to benchmarks

	Jul 31, 2022	Jul 31, 2021	Jul 31, 2020	Jul 31, 2019	Jul 31, 2018	Jul 31, 2017
Selected Financial Data (US$ in millions)
Current assets	5,047)	5,157)	7,980)	3,594)	2,404)	1,415)
Current liabilities	3,630)	2,655)	3,529)	1,966)	2,116)	1,944)
Liquidity Ratio
Current ratio¹	1.39	1.94	2.26	1.83	1.14	0.73
Benchmarks
Current Ratio, Competitors²
Accenture PLC	1.23	1.25	1.40	1.40	1.34	1.23
Adobe Inc.	1.11	1.25	1.48	0.79	1.13	2.05
Fidelity National Information Services Inc.	—	0.74	0.80	0.84	1.19	0.92
International Business Machines Corp.	—	0.88	0.98	1.02	1.29	1.33
Mastercard Inc.	—	1.29	1.61	1.42	1.39	1.57
Microsoft Corp.	1.78	2.08	2.52	2.53	2.90	2.48
Oracle Corp.	1.62	2.30	3.03	2.49	3.96	3.08
PayPal Holdings Inc.	—	1.22	1.33	1.43	1.27	1.43
Salesforce Inc.	1.05	1.23	1.08	0.95	0.92	0.83
ServiceNow Inc.	1.11	1.05	1.21	1.03	1.17	—
Visa Inc.	1.45	1.75	1.91	1.56	1.61	1.90
Current Ratio, Sector
Software & Services	—	1.56	1.76	1.72	2.03	—
Current Ratio, Industry
Information Technology	—	1.58	1.77	1.71	1.82	—

¹ 2022 Calculation
Current ratio = Current assets ÷ Current liabilities
= 5,047 ÷ 3,630 = 1.39

² Click competitor name to see calculations.

Liquidity ratio	Description	The company
Current ratio	A liquidity ratio calculated as current assets divided by current liabilities.	Intuit Inc. current ratio deteriorated from 2020 to 2021 and from 2021 to 2022.

Intuit Inc., quick ratio calculation, comparison to benchmarks

	Jul 31, 2022	Jul 31, 2021	Jul 31, 2020	Jul 31, 2019	Jul 31, 2018	Jul 31, 2017
Selected Financial Data (US$ in millions)
Cash and cash equivalents	2,796)	2,562)	6,442)	2,116)	1,464)	529)
Investments	485)	1,308)	608)	624)	252)	248)
Accounts receivable, net of allowance for doubtful accounts	446)	391)	149)	87)	98)	103)
Notes receivable	509)	132)	—)	—)	—)	—)
Total quick assets	4,236)	4,393)	7,199)	2,827)	1,814)	880)

Current liabilities	3,630)	2,655)	3,529)	1,966)	2,116)	1,944)
Liquidity Ratio
Quick ratio¹	1.17	1.65	2.04	1.44	0.86	0.45
Benchmarks
Quick Ratio, Competitors²
Accenture PLC	1.12	1.14	1.29	1.29	1.24	1.12
Adobe Inc.	1.00	1.11	1.34	0.70	1.06	2.00
Fidelity National Information Services Inc.	—	0.70	0.77	0.80	1.06	0.85
International Business Machines Corp.	—	0.67	0.83	0.87	1.12	1.19
Mastercard Inc.	—	1.12	1.45	1.27	1.27	1.45
Microsoft Corp.	1.57	1.90	2.33	2.35	2.74	2.37
Oracle Corp.	1.43	2.15	2.83	2.31	3.78	2.95
PayPal Holdings Inc.	—	1.19	1.30	1.40	1.24	1.40
Salesforce Inc.	0.93	1.11	0.95	0.82	0.83	0.74
ServiceNow Inc.	1.00	0.95	1.10	0.92	1.03	—
Visa Inc.	1.26	1.61	1.77	1.45	1.53	1.81
Quick Ratio, Sector
Software & Services	—	1.42	1.63	1.58	1.89	—
Quick Ratio, Industry
Information Technology	—	1.35	1.55	1.51	1.62	—

¹ 2022 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 4,236 ÷ 3,630 = 1.17

² Click competitor name to see calculations.

Liquidity ratio	Description	The company
Quick ratio	A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities.	Intuit Inc. quick ratio deteriorated from 2020 to 2021 and from 2021 to 2022.

Intuit Inc., cash ratio calculation, comparison to benchmarks

	Jul 31, 2022	Jul 31, 2021	Jul 31, 2020	Jul 31, 2019	Jul 31, 2018	Jul 31, 2017
Selected Financial Data (US$ in millions)
Cash and cash equivalents	2,796)	2,562)	6,442)	2,116)	1,464)	529)
Investments	485)	1,308)	608)	624)	252)	248)
Total cash assets	3,281)	3,870)	7,050)	2,740)	1,716)	777)

Current liabilities	3,630)	2,655)	3,529)	1,966)	2,116)	1,944)
Liquidity Ratio
Cash ratio¹	0.90	1.46	2.00	1.39	0.81	0.40
Benchmarks
Cash Ratio, Competitors²
Accenture PLC	0.45	0.52	0.67	0.55	0.50	0.42
Adobe Inc.	0.75	0.84	1.09	0.51	0.75	1.65
Fidelity National Information Services Inc.	—	0.14	0.16	0.11	0.22	0.17
International Business Machines Corp.	—	0.22	0.36	0.24	0.32	0.34
Mastercard Inc.	—	0.79	1.09	0.81	0.86	1.07
Microsoft Corp.	1.10	1.47	1.89	1.93	2.29	2.06
Oracle Corp.	1.12	1.93	2.50	2.03	3.50	2.73
PayPal Holdings Inc.	—	1.06	1.21	1.24	1.13	1.05
Salesforce Inc.	0.48	0.67	0.54	0.39	0.45	0.30
ServiceNow Inc.	0.71	0.67	0.83	0.61	0.74	—
Visa Inc.	1.07	1.38	1.57	1.11	1.28	1.56
Cash Ratio, Sector
Software & Services	—	1.06	1.26	1.16	1.44	—
Cash Ratio, Industry
Information Technology	—	0.96	1.17	1.09	1.17	—

¹ 2022 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 3,281 ÷ 3,630 = 0.90

² Click competitor name to see calculations.

Liquidity ratio	Description	The company
Cash ratio	A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities.	Intuit Inc. cash ratio deteriorated from 2020 to 2021 and from 2021 to 2022.

Intuit Inc. (NASDAQ:INTU)