Intel Corporation (INTC)

Debt-to-equity 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
Long-term debt	US$ in thousands	46,978,000	46,591,000	46,335,000	48,836,000	37,684,000	37,240,000	32,548,000	32,788,000	33,510,000	35,610,000	31,714,000	33,237,000	33,897,000	36,059,000	36,093,000	36,455,000	25,308,000	23,707,000	25,089,000	25,737,000
Total stockholders’ equity	US$ in thousands	105,590,000	101,813,000	101,017,000	98,059,000	101,423,000	99,885,000	101,218,000	103,136,000	95,391,000	90,087,000	85,207,000	79,807,000	81,073,000	74,554,000	82,010,000	76,354,000	77,504,000	74,242,000	74,947,000	73,661,000
Debt-to-equity ratio		0.44	0.46	0.46	0.50	0.37	0.37	0.32	0.32	0.35	0.40	0.37	0.42	0.42	0.48	0.44	0.48	0.33	0.32	0.33	0.35

December 31, 2023 calculation

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

The debt-to-equity ratio of Intel Corporation has shown fluctuation over the past few quarters. The trend indicates that the company has been managing its debt levels relative to its equity position. A ratio below 1 suggests that the company relies more on equity financing rather than debt to fund its operations and expansion. The increase in the ratio from 0.32 in March 2022 to 0.50 in March 2023 indicates a higher level of indebtedness compared to the equity position, which might raise concerns about the company's financial leverage. However, the ratio improved in the subsequent quarters, showing a downward trend. The company seems to have taken steps to reduce its debt relative to equity, which is a positive sign for investors and creditors. Overall, while fluctuations in the debt-to-equity ratio should be monitored, the recent downward trend is a positive indication of improved financial health.