Intel Corporation (INTC)

Cash ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash and cash equivalents	US$ in thousands	7,079,000	11,144,000	4,827,000	5,865,000	4,194,000
Short-term investments	US$ in thousands	17,955,000	17,194,000	2,103,000	2,292,000	1,082,000
Total current liabilities	US$ in thousands	28,053,000	32,155,000	27,462,000	24,754,000	22,310,000
Cash ratio		0.89	0.88	0.25	0.33	0.24

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($7,079,000K + $17,955,000K) ÷ $28,053,000K
= 0.89

Intel Corporation's cash ratio has shown a fluctuating trend over the past five years. As of December 31, 2023, the cash ratio stands at 0.89, indicating that the company had $0.89 in cash and cash equivalents for every dollar of current liabilities. This signifies a strong liquidity position, as Intel has sufficient liquid assets to cover its short-term obligations.

Comparing this to previous years, the cash ratio has improved from 0.88 in 2022, reflecting a slightly better liquidity position. However, it is noteworthy that the cash ratio has significantly increased from 0.25 in 2021 and 0.33 in 2020. This significant improvement suggests that Intel has been enhancing its liquidity management and may have focused on building up cash reserves to meet its short-term obligations more effectively.

Furthermore, when compared to the cash ratio of 0.24 in 2019, the current ratio of Intel Corporation has shown a substantial improvement over the last five years. This suggests that Intel has been more successful in managing its liquidity position and ensuring that it has sufficient cash on hand to meet its current liabilities.

Overall, the upward trend in Intel's cash ratio indicates an improved liquidity position and a more effective management of its short-term financial obligations in recent years. By maintaining a healthy cash ratio, Intel is better positioned to navigate any short-term financial challenges that may arise.