Stock Analysis on Net

Intuit Inc. (NASDAQ:INTU)

Analysis of Liquidity Ratios 

Microsoft Excel

Liquidity Ratios (Summary)

Intuit Inc., liquidity ratios

Microsoft Excel
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

Based on: 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).

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.

Current Ratio

Intuit Inc., current ratio calculation, comparison to benchmarks

Microsoft Excel
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

Based on: 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).

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.

Quick Ratio

Intuit Inc., quick ratio calculation, comparison to benchmarks

Microsoft Excel
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

Based on: 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).

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.

Cash Ratio

Intuit Inc., cash ratio calculation, comparison to benchmarks

Microsoft Excel
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

Based on: 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).

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.