Intel Corporation (INTC)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 8,249,000 | 8,785,000 | 11,287,000 | 6,923,000 | 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 |
| Short-term investments | US$ in thousands | 13,813,000 | 15,301,000 | 17,986,000 | 14,388,000 | 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 |
| Receivables | US$ in thousands | 6,078,000 | 3,121,000 | 3,131,000 | 3,323,000 | 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 |
| 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 |
| Quick ratio | 0.79 | 0.77 | 1.01 | 0.91 | 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 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($8,249,000K
+ $13,813,000K
+ $6,078,000K)
÷ $35,666,000K
= 0.79
Based on the provided data, Intel Corporation's quick ratio has fluctuated over the years, indicating variations in the company's ability to meet its short-term obligations with its most liquid assets.
The quick ratio was below 1 for most of the periods, suggesting that Intel may have had challenges in covering its current liabilities with its quick assets such as cash, cash equivalents, and accounts receivable. However, the quick ratio improved significantly in the last few quarters, reaching above 1, which indicates that Intel's liquidity position strengthened and it may now be comfortably able to meet its short-term obligations.
It is worth noting that a quick ratio above 1 is generally considered favorable as it indicates that a company holds enough liquid assets to cover its short-term liabilities. Intel's recent improvement in the quick ratio signifies a positive trend in its liquidity management.
Overall, the analysis of Intel Corporation's quick ratio suggests that the company has enhanced its ability to meet its short-term financial obligations with its liquid assets in recent quarters, reflecting improved liquidity management.
Peer comparison
Dec 31, 2024