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Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Intuit's total current liabilities for the quarter that ended in Jan. 2024 was $6,216
The historical data trend for Intuit's Total Current Liabilities can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Intuit Annual Data | |||||||||||||||||||||
Trend | Jul14 | Jul15 | Jul16 | Jul17 | Jul18 | Jul19 | Jul20 | Jul21 | Jul22 | Jul23 | |||||||||||
Total Current Liabilities | Get a 7-Day Free Trial | 1,966.00 | 3,529.00 | 2,655.00 | 3,630.00 | 3,790.00 |
Intuit Quarterly Data | ||||||||||||||||||||
Apr19 | Jul19 | Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | |
Total Current Liabilities | Get a 7-Day Free Trial | 3,862.00 | 4,415.00 | 3,790.00 | 4,996.00 | 6,216.00 |
Total Current Liabilities is the total amount of liabilities that the company needs to pay over the next 12 months.
Intuit's Total Current Liabilities for the fiscal year that ended in Jul. 2023 is calculated as
Total Current Liabilities | = | Accounts Payable & Accrued Expense | + | Short-Term Debt & Capital Lease Obligation |
= | 1381 | + | 89 | |
+ | Other Current Liabilities | + | Current Deferred Liabilities | |
= | 808 | + | 1512 | |
= | 3,790 |
Intuit's Total Current Liabilities for the quarter that ended in Jan. 2024 is calculated as
Total Current Liabilities | = | Accounts Payable & Accrued Expense | + | Short-Term Debt & Capital Lease Obligation |
= | 931 | + | 81 | |
+ | Other Current Liabilities | + | Current Deferred Liabilities | |
= | 742 | + | 4462 | |
= | 6,216 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
The increase of Total Current Liabilities of a company is not necessarily a bad thing. This may conserve the company's cash and contribute positively to cash flow.
Total Current Liabilities is linked to Total Current Assets through the Current Ratio and Working Capital. The Current Ratio is equal to dividing total current assets by total current liabilities. It is frequently used as an indicator of a company's liquidity, its ability to meet short-term obligations. Net working capital is calculated as Total Current Assets minus Total Current Liabilities.
Be Aware
Stay away from companies that roll over the debt e.g. Bear Stearns
When investing in financial institutions, Buffett shies from those who are bigger borrowers of short term than long term debt.
His favorite Wells Fargo has 57 cents short term debt for every dollar of long term.
Aggressive banks (like Bank of America) has $2.09 short term for every dollar long term
Thank you for viewing the detailed overview of Intuit's Total Current Liabilities provided by GuruFocus.com. Please click on the following links to see related term pages.
Alex G. Balazs | officer: EVP, Chief Technology Officer | C/O INTUIT INC., 2700 COAST AVE, MOUNTAIN VIEW CA 94043 |
Laura A Fennell | officer: VP, General Counsel, Corp. Sec | C/O INTUIT INC., PO BOX 7850, MOUNTAIN VIEW CA 94039-7850 |
Raul Vazquez | director | 500 STAPLES DR., FRAMINGHAM MA 01702 |
Sasan K Goodarzi | officer: Senior Vice President | C/O INTUIT INC., 2700 COAST AVENUE, MOUNTAIN VIEW CA 94043 |
Sandeep Aujla | officer: EVP and CFO | C/O INTUIT INC., 2700 COAST AVENUE, MOUNTAIN VIEW CA 94043 |
Mark P. Notarainni | officer: EVP, Consumer Group | C/O INTUIT INC., 2700 COAST AVENUE, MOUNTAIN VIEW CA 94043 |
Marianna Tessel | officer: EVP, Chief Technology Officer | C/O INTUIT INC., 2700 COAST AVENUE, MOUNTAIN VIEW CA 94043 |
Lauren D Hotz | officer: VP, Chief Accounting Officer | C/O INTUIT INC., 2700 COAST AVENUE, MOUNTAIN VIEW CA 94043 |
James Alexander Chriss | officer: EVP and GM SBSEG | C/O INTUIT INC., 2700 COAST AVENUE, MOUNTAIN VIEW CA 94043 |
Kerry J Mclean | officer: SVP, General Counsel | C/O INTUIT INC., 2700 COAST AVENUE, MOUNTAIN VIEW CA 94043 |
Michelle M Clatterbuck | officer: EVP and CFO | C/O INTUIT INC., 2700 COAST AVENUE, MOUNTAIN VIEW CA 94043 |
Ryan Roslansky | director | C/O GODADDY INC., 2155 E. GODADDY WAY, TEMPE AZ 85284 |
Eric S. Yuan | director | C/O ZOOM VIDEO COMMUNICATIONS, INC., 55 ALMADEN BOULEVARD, 6TH FLOOR, SAN JOSE CA 95113 |
Eve B Burton | director | 770 BROADWAY, NEW YORK NY 10003 |
Varun Krishna | officer: EVP, Consumer Group | 2700 COAST AVENUE, MOUNTAIN VIEW CA 94043 |
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