Intel Corporation (INTC)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 7,079,000 | 7,621,000 | 8,349,000 | 8,232,000 | 11,144,000 | 4,529,000 | 4,390,000 | 6,215,000 | 4,827,000 | 7,870,000 | 4,746,000 | 5,192,000 | 5,865,000 | 3,356,000 | 8,736,000 | 11,380,000 | 4,194,000 | 3,935,000 | 2,867,000 | 3,154,000 |
| Short-term investments | US$ in thousands | 17,955,000 | 17,409,000 | 15,908,000 | 19,302,000 | 17,194,000 | 18,030,000 | 22,654,000 | 32,481,000 | 2,103,000 | 4,004,000 | 3,014,000 | 2,417,000 | 2,292,000 | 2,987,000 | 4,791,000 | 1,296,000 | 1,082,000 | 1,849,000 | 2,414,000 | 2,698,000 |
| Receivables | US$ in thousands | 3,461,000 | 2,843,000 | 2,996,000 | — | 4,271,000 | — | — | — | 9,480,000 | 8,400,000 | 7,460,000 | 7,208,000 | 6,913,000 | 7,140,000 | 7,441,000 | 8,455,000 | 7,735,000 | 6,880,000 | 6,233,000 | 6,957,000 |
| 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 |
| Quick ratio | 1.02 | 0.97 | 1.00 | 1.01 | 1.01 | 0.81 | 0.99 | 1.32 | 0.60 | 0.69 | 0.61 | 0.61 | 0.61 | 0.61 | 0.93 | 0.88 | 0.58 | 0.51 | 0.58 | 0.68 |
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 of Intel Corporation, a key indicator of its liquidity position, has shown significant fluctuations over the past few quarters. A quick ratio above 1 indicates that the company has an adequate level of liquid assets to cover its short-term liabilities.
From the data provided, we observe that the quick ratio was consistently above 1 from Dec 31, 2022, to Jun 30, 2023, suggesting a healthy liquidity position during that period. However, the quick ratio dropped to 0.81 on Sep 30, 2022, indicating potential challenges in meeting short-term obligations with quick assets.
The quick ratio improved to 1.32 on Mar 31, 2022, signaling a stronger liquidity position compared to the previous quarter. However, the quick ratio dropped to 0.60 on Dec 31, 2021, and 0.69 on Sep 30, 2021, which may raise concerns about the company's ability to meet short-term obligations effectively.
Overall, the fluctuating trend in Intel Corporation's quick ratio reflects varying levels of liquidity and indicates the importance of closely monitoring changes in its liquidity position to assess its ability to meet financial obligations in the short term.
Peer comparison
Dec 31, 2023