Intel Corporation (INTC)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 43,269,000 | 50,407,000 | 58,558,000 | 47,249,000 | 31,239,000 |
| Total current liabilities | US$ in thousands | 28,053,000 | 32,155,000 | 27,462,000 | 24,754,000 | 22,310,000 |
| Current ratio | 1.54 | 1.57 | 2.13 | 1.91 | 1.40 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $43,269,000K ÷ $28,053,000K
= 1.54
Intel Corporation's current ratio fluctuated over the past five years, with values ranging from 1.40 to 2.13. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A higher current ratio indicates a stronger ability to cover short-term liabilities.
In 2023, Intel's current ratio decreased slightly to 1.54 from 1.57 in 2022, but remains above 1, indicating the company's current assets still exceed its current liabilities. Despite the slight decline, Intel's liquidity position appears relatively stable.
Comparing to 2021 and 2020, where the current ratio was 2.13 and 1.91 respectively, the recent decrease may raise some concerns about the company's short-term liquidity. However, a current ratio of 1.54 is still considered healthy within the industry standards.
Looking back at 2019, when the current ratio was 1.40, the current ratio has improved over the years, reflecting an enhanced ability to cover short-term obligations. Overall, Intel's current ratio has shown variability but has generally remained at levels that suggest the company is capable of meeting its short-term obligations with its current assets.
Peer comparison
Dec 31, 2023