Intel Corporation (INTC)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | 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 |
| Receivables | US$ in thousands | 3,461,000 | 4,271,000 | 9,480,000 | 6,913,000 | 7,735,000 |
| Total current liabilities | US$ in thousands | 28,053,000 | 32,155,000 | 27,462,000 | 24,754,000 | 22,310,000 |
| Quick ratio | 1.02 | 1.01 | 0.60 | 0.61 | 0.58 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($7,079,000K
+ $17,955,000K
+ $3,461,000K)
÷ $28,053,000K
= 1.02
The quick ratio, also known as the acid-test ratio, provides insight into a company's ability to meet its short-term obligations using its most liquid assets.
Looking at Intel Corporation's quick ratio over the past five years, we observe the following trend:
- In 2019, the quick ratio stood at 0.58, indicating that the company had 0.58 in liquid assets to cover every dollar of its current liabilities.
- There was a slight improvement in 2020 with the quick ratio increasing to 0.61, suggesting a better ability to meet short-term obligations.
- In 2021, there was a notable increase in the quick ratio to 0.60, further enhancing the company's liquidity position.
- The quick ratio continued to improve in 2022, reaching 1.01, signaling that Intel had $1.01 in quick assets available for each dollar of current liabilities.
- By the end of 2023, the quick ratio further improved to 1.02, indicating a strengthening liquidity position compared to the previous year.
Overall, the upward trend in Intel's quick ratio from 2019 to 2023 reflects a positive trajectory in the company's liquidity management and suggests an improving ability to meet short-term financial obligations using its liquid assets.
Peer comparison
Dec 31, 2023