Intel Corporation (INTC)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 46,978,000 | 37,684,000 | 33,510,000 | 33,897,000 | 25,308,000 |
| Total assets | US$ in thousands | 191,572,000 | 182,103,000 | 168,406,000 | 153,091,000 | 136,524,000 |
| Debt-to-assets ratio | 0.25 | 0.21 | 0.20 | 0.22 | 0.19 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $46,978,000K ÷ $191,572,000K
= 0.25
The debt-to-assets ratio of Intel Corporation has been relatively stable over the past five years, ranging from 0.19 in 2019 to 0.25 in 2023. This ratio measures the proportion of the company's assets financed by debt, with lower ratios indicating a lower reliance on debt financing.
The slight increase from 2022 to 2023 suggests that Intel may have taken on more debt to finance its assets during that period. However, it is important to note that the ratio remains relatively low, indicating that Intel has a conservative approach to debt financing compared to some other companies.
Overall, the trend in Intel's debt-to-assets ratio shows a conservative financial strategy, with the company maintaining a healthy balance between debt and assets in its capital structure. It is essential for investors to monitor this ratio along with other financial metrics to assess Intel's financial health and risk profile accurately.
Peer comparison
Dec 31, 2023