Intel Corporation (INTC)
Current ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 47,324,000 | 46,137,000 | 50,829,000 | 42,608,000 | 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 |
| Total current liabilities | US$ in thousands | 35,666,000 | 35,159,000 | 32,027,000 | 27,213,000 | 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 |
| Current ratio | 1.33 | 1.31 | 1.59 | 1.57 | 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 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $47,324,000K ÷ $35,666,000K
= 1.33
The current ratio of Intel Corporation has fluctuated over the past few years, ranging from a low of 1.31 as of September 30, 2024, to a high of 2.13 as of December 31, 2021 and again on March 31, 2022. The current ratio measures the company's ability to meet its short-term obligations using its current assets.
A current ratio above 1 indicates that the company has more current assets than current liabilities, suggesting a healthy ability to cover its short-term debts. The upward trend in the current ratio from 2020 to 2022 indicates an improvement in Intel's liquidity position. However, the ratio dipped in the following periods, reaching its lowest point at the end of 2024.
While a current ratio of 1.31 as of September 30, 2024, may raise concerns about Intel's short-term liquidity, it is important to consider the industry norms and historical trends of the company. Intel may need to manage its current assets and liabilities more effectively to ensure it can meet its short-term obligations in a sustainable manner.
Overall, the current ratio analysis suggests that Intel Corporation has experienced fluctuations in its liquidity position over the years, and it is essential for the company to carefully monitor and manage its current assets and liabilities to maintain a healthy financial position.
Peer comparison
Dec 31, 2024