Intel Corporation (INTC)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	105,590,000	101,423,000	95,391,000	81,073,000	77,504,000
Debt-to-capital ratio		0.31	0.27	0.26	0.29	0.25

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $46,978,000K ÷ ($46,978,000K + $105,590,000K)
= 0.31

The debt-to-capital ratio for Intel Corporation has shown some fluctuation over the past five years. In 2023, the ratio stands at 0.31, which indicates that debt accounts for 31% of the company's capital structure. This represents an increase from the previous year's ratio of 0.27, suggesting a higher reliance on debt financing in the most recent period.

Comparing the current ratio to previous years, it is evident that the debt-to-capital ratio has varied within a relatively narrow range, with values ranging from 0.25 to 0.31. This indicates that Intel has maintained a consistent balance between debt and equity in its capital structure over the years, with some slight fluctuations.

The increase in the debt-to-capital ratio in 2023 may imply that Intel has taken on more debt to fund its operations or investments during this period. It is essential to further examine the company's financial reports and disclosures to understand the rationale behind this shift in the capital structure and assess the potential implications on the company's financial health and risk profile.