Analysis of Debt
Total Debt (Carrying Amount)
Intuit Inc., balance sheet: debt
US$ in millions
Based on: 10-K (reporting date: 2024-07-31), 10-K (reporting date: 2023-07-31), 10-K (reporting date: 2022-07-31), 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-31), 10-K (reporting date: 2019-07-31).
| Debt item | Description | The company |
|---|---|---|
| Total debt (carrying amount) | Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations. | Intuit Inc. total debt decreased from 2022 to 2023 and from 2023 to 2024. |
Total Debt (Fair Value)
| Jul 31, 2024 | |
|---|---|
| Selected Financial Data (US$ in millions) | |
| Senior unsecured notes | 5,467) |
| Term loan | —) |
| Secured revolving credit facility | 585) |
| Unsecured revolving credit facility | —) |
| Total debt (fair value) | 6,052) |
| Financial Ratio | |
| Debt, fair value to carrying amount ratio | 1.00 |
Based on: 10-K (reporting date: 2024-07-31).
Weighted-average Interest Rate on Debt
Weighted-average effective interest rate on debt: 4.56%
| Interest rate | Debt amount1 | Interest rate × Debt amount | Weighted-average interest rate2 |
|---|---|---|---|
| 1.13% | 500) | 6) | |
| 1.49% | 500) | 7) | |
| 1.77% | 500) | 9) | |
| 5.33% | 750) | 40) | |
| 5.26% | 750) | 39) | |
| 5.31% | 1,250) | 66) | |
| 5.58% | 1,250) | 70) | |
| 6.99% | 285) | 20) | |
| 6.68% | 300) | 20) | |
| Total | 6,085) | 277) | |
| 4.56% | |||
Based on: 10-K (reporting date: 2024-07-31).
1 US$ in millions
2 Weighted-average interest rate = 100 × 277 ÷ 6,085 = 4.56%