A Look Into Intuit's Debt
Portfolio Pulse from Benzinga Insights
Intuit Inc. (NASDAQ:INTU) has a total debt of $6.61 billion, with $6.11 billion in long-term debt and $501.00 million in current debt. After adjusting for $3.75 billion in cash-equivalents, the company has a net debt of $2.87 billion. The debt-ratio of the company is 0.23, considering its total assets of $28.92 billion. Debt is an important factor in a company's capital structure and can help it attain growth.
July 03, 2023 | 7:16 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Intuit Inc. has a manageable debt level with a debt-ratio of 0.23. This indicates a balanced financial leverage which can be beneficial for the company's growth.
Intuit's debt level is manageable, and the company has a balanced financial leverage. This can be beneficial for the company as it can use the debt capital for business operations and retain excess profit. However, the company should also ensure that it can meet its interest-payment obligations to avoid any risk of default.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100