Intel Corporation (INTC)

Cash ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash and cash equivalents	US$ in thousands	8,249,000	7,079,000	11,144,000	4,827,000	5,865,000
Short-term investments	US$ in thousands	13,813,000	17,955,000	17,194,000	2,103,000	2,292,000
Total current liabilities	US$ in thousands	35,666,000	28,053,000	32,155,000	27,462,000	24,754,000
Cash ratio		0.62	0.89	0.88	0.25	0.33

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($8,249,000K + $13,813,000K) ÷ $35,666,000K
= 0.62

The cash ratio of Intel Corporation has shown some fluctuations over the past five years. As of December 31, 2020, the cash ratio stood at 0.33, indicating that for every dollar of current liabilities, Intel had $0.33 in cash or cash equivalents.

Subsequently, by the end of 2021, the cash ratio decreased to 0.25, signaling a slightly weaker liquidity position compared to the previous year. However, there was a significant improvement in the cash ratio by the end of 2022, rising to 0.88, suggesting a more robust ability to cover short-term obligations with cash on hand.

The trend of improvement continued into 2023, with the cash ratio reaching 0.89, indicating a very strong liquidity position at that point in time. However, there was a slight dip in the cash ratio by the end of 2024, with the ratio standing at 0.62, still showing a relatively healthy liquidity position but not as strong as in the previous year.

Overall, the cash ratio of Intel Corporation has shown variability over the years but generally indicates that the company has maintained a reasonable level of liquidity to meet its short-term obligations, with notable improvements in certain years.