A Look Into Intuit's Debt
Portfolio Pulse from Benzinga Insights
Intuit Inc.'s shares have increased by 12.32% in the past three months. The company's total debt stands at $6.61 billion, with net debt at $2.87 billion after adjusting for $3.75 billion in cash-equivalents. Intuit's total assets amount to $28.92 billion, resulting in a debt-ratio of 0.23. While debt can help a company grow, it can also put the company at risk for default if interest rates increase.
July 25, 2023 | 5:45 pm
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Intuit's shares have risen by 12.32% in the past three months. The company's total debt is $6.61 billion, with a net debt of $2.87 billion. The debt-ratio of 0.23 indicates a moderate level of financial leverage.
The increase in Intuit's share price over the past three months indicates positive investor sentiment. The company's debt levels, while significant, are manageable given its total assets. The debt-ratio of 0.23, although industry-dependent, suggests that the company is not overly leveraged, which is generally a positive sign for investors.
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