Intel Corporation (INTC)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 191,572,000 | 188,837,000 | 185,629,000 | 185,303,000 | 182,103,000 | 174,841,000 | 170,418,000 | 176,356,000 | 168,406,000 | 167,962,000 | 154,597,000 | 150,622,000 | 153,091,000 | 145,261,000 | 152,539,000 | 147,710,000 | 136,524,000 | 133,768,000 | 130,759,000 | 129,458,000 |
| 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 |
| Financial leverage ratio | 1.81 | 1.85 | 1.84 | 1.89 | 1.80 | 1.75 | 1.68 | 1.71 | 1.77 | 1.86 | 1.81 | 1.89 | 1.89 | 1.95 | 1.86 | 1.93 | 1.76 | 1.80 | 1.74 | 1.76 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $191,572,000K ÷ $105,590,000K
= 1.81
The financial leverage ratio of Intel Corporation has shown some fluctuations over the past few quarters, ranging between 1.68 to 1.95. This ratio indicates the level of debt financing used by the company to support its assets. A higher financial leverage ratio suggests that the company relies more on debt to finance its operations, while a lower ratio indicates a more conservative approach with less debt.
Intel's financial leverage ratio has been above 1.7 consistently, indicating a moderate level of debt utilization in the company's capital structure. The ratio peaked at 1.95 in March 2021 and decreased to 1.68 in June 2022 before gradually increasing again. This trend suggests that Intel may have adjusted its debt levels over time, possibly to manage its financial risks or capitalize on opportunities.
Overall, the financial leverage ratio analysis indicates that Intel Corporation has maintained a balanced approach towards debt funding, allowing it to leverage the benefits of debt financing while also managing associated risks.
Peer comparison
Dec 31, 2023