Intuit Balance Sheet Health
Financial Health criteria checks 4/6
Intuit has a total shareholder equity of $16.4B and total debt of $6.9B, which brings its debt-to-equity ratio to 42.1%. Its total assets and total liabilities are $27.7B and $11.3B respectively. Intuit's EBIT is $2.6B making its interest coverage ratio 88.7. It has cash and short-term investments of $3.3B.
Key information
42.1%
Debt to equity ratio
US$6.91b
Debt
| Interest coverage ratio | 88.7x |
| Cash | US$3.28b |
| Equity | US$16.44b |
| Total liabilities | US$11.29b |
| Total assets | US$27.73b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ITU's short term assets ($5.0B) exceed its short term liabilities ($3.6B).
Long Term Liabilities: ITU's short term assets ($5.0B) do not cover its long term liabilities ($7.7B).
Debt to Equity History and Analysis
Debt Level: ITU's net debt to equity ratio (22.1%) is considered satisfactory.
Reducing Debt: ITU's debt to equity ratio has increased from 36.4% to 42.1% over the past 5 years.
Debt Coverage: ITU's debt is well covered by operating cash flow (56.2%).
Interest Coverage: ITU's interest payments on its debt are well covered by EBIT (88.7x coverage).