Intel Corporation (INTC)
Current ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 43,269,000 | 43,811,000 | 43,356,000 | 48,314,000 | 50,407,000 | 49,263,000 | 50,588,000 | 62,568,000 | 58,558,000 | 61,304,000 | 49,372,000 | 45,773,000 | 47,249,000 | 36,785,000 | 44,390,000 | 41,501,000 | 31,239,000 | 29,957,000 | 29,239,000 | 29,060,000 |
| Total current liabilities | US$ in thousands | 28,053,000 | 28,614,000 | 27,180,000 | 27,393,000 | 32,155,000 | 27,813,000 | 27,218,000 | 29,322,000 | 27,462,000 | 29,572,000 | 24,836,000 | 24,151,000 | 24,754,000 | 22,112,000 | 22,481,000 | 23,895,000 | 22,310,000 | 25,064,000 | 19,705,000 | 18,911,000 |
| Current ratio | 1.54 | 1.53 | 1.60 | 1.76 | 1.57 | 1.77 | 1.86 | 2.13 | 2.13 | 2.07 | 1.99 | 1.90 | 1.91 | 1.66 | 1.97 | 1.74 | 1.40 | 1.20 | 1.48 | 1.54 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $43,269,000K ÷ $28,053,000K
= 1.54
The current ratio of Intel Corporation has fluctuated over the past few years, ranging from a low of 1.20 to a high of 2.13. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A higher current ratio indicates a better ability to meet short-term obligations.
Looking at the trend, there seems to be some variability in the current ratio, with periods of increase followed by decreases. In general, a current ratio above 1 indicates that Intel has more current assets than current liabilities, which is a positive sign.
However, it is important to note that a very high current ratio may suggest that the company is not efficiently managing its current assets. On the other hand, a very low current ratio may indicate liquidity issues and difficulty in meeting short-term obligations.
Overall, the current ratio of Intel Corporation appears to have been relatively healthy in recent periods, with some fluctuations observed. The company should continue to monitor and manage its current assets and liabilities effectively to ensure it maintains a strong financial position.
Peer comparison
Dec 31, 2023