Intel Corporation (INTC)

Debt-to-equity 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-equity ratio		0.44	0.37	0.35	0.42	0.33

December 31, 2023 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $46,978,000K ÷ $105,590,000K
= 0.44

Intel Corporation's debt-to-equity ratio has displayed some fluctuations over the past five years. The ratio increased from 0.33 in 2019 to 0.42 in 2020, indicating a higher proportion of debt relative to equity in the company's capital structure. However, it subsequently decreased to 0.35 in 2021 and continued to decline to 0.37 in 2022 before rising to 0.44 in 2023.

A debt-to-equity ratio of 0.44 as of December 31, 2023, suggests that Intel relies more on debt financing compared to equity. This can indicate a certain level of financial risk, as higher debt levels can lead to higher interest payments and potential financial distress in the event of economic downturns. It is important for investors and stakeholders to monitor this ratio over time to assess Intel's ability to manage its debt effectively and maintain a healthy balance sheet.