Intuit Balance Sheet Health
Financial Health criteria checks 5/6
Intuit has a total shareholder equity of $16.9B and total debt of $6.0B, which brings its debt-to-equity ratio to 35.2%. Its total assets and total liabilities are $29.7B and $12.8B respectively. Intuit's EBIT is $3.5B making its interest coverage ratio 27.8. It has cash and short-term investments of $1.5B.
Key information
35.2%
Debt to equity ratio
US$5.95b
Debt
Interest coverage ratio | 27.8x |
Cash | US$1.49b |
Equity | US$16.91b |
Total liabilities | US$12.78b |
Total assets | US$29.69b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ITU's short term assets ($7.3B) exceed its short term liabilities ($6.2B).
Long Term Liabilities: ITU's short term assets ($7.3B) exceed its long term liabilities ($6.6B).
Debt to Equity History and Analysis
Debt Level: ITU's net debt to equity ratio (26.4%) is considered satisfactory.
Reducing Debt: ITU's debt to equity ratio has increased from 14.8% to 35.2% over the past 5 years.
Debt Coverage: ITU's debt is well covered by operating cash flow (83.2%).
Interest Coverage: ITU's interest payments on its debt are well covered by EBIT (27.8x coverage).