Intel Corporation (INTC)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.25 | 0.25 | 0.25 | 0.26 | 0.21 | 0.21 | 0.19 | 0.19 | 0.20 | 0.21 | 0.21 | 0.22 | 0.22 | 0.25 | 0.24 | 0.25 | 0.19 | 0.18 | 0.19 | 0.20 |
| Debt-to-capital ratio | 0.31 | 0.31 | 0.31 | 0.33 | 0.27 | 0.27 | 0.24 | 0.24 | 0.26 | 0.28 | 0.27 | 0.29 | 0.29 | 0.33 | 0.31 | 0.32 | 0.25 | 0.24 | 0.25 | 0.26 |
| 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 |
| 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 |
The solvency ratios of Intel Corporation indicate its ability to meet its long-term financial obligations. The debt-to-assets ratio has remained relatively stable around 0.20 to 0.25 over the past few quarters, suggesting that Intel has been maintaining a healthy balance between its debt and assets.
The debt-to-capital ratio has also shown consistency, hovering between 0.24 to 0.33 during the same period. This indicates that Intel's capital structure has remained relatively stable, with a manageable level of debt relative to its total capital.
However, the debt-to-equity ratio has exhibited more variability, ranging from 0.32 to 0.50. This suggests fluctuations in Intel's reliance on equity versus debt financing, with higher ratios indicating a higher level of financial leverage.
Overall, Intel's financial leverage ratio has fluctuated between 1.68 to 1.95, reflecting changes in the company's capital structure and highlighting the importance of monitoring leverage levels to ensure long-term solvency and financial stability.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 1.88 | -2.71 | -3.39 | -4.39 | 16.66 | 29.60 | 41.71 | 52.71 | 37.35 | 40.27 | 36.37 | 33.70 | 40.87 | 44.56 | 52.00 | 54.87 | 50.30 | 43.32 | 43.98 | 47.26 |
The interest coverage ratio for Intel Corporation has shown significant fluctuations over the periods analyzed. It is important to note that an interest coverage ratio above 1 indicates that a company is generating enough operating income to cover its interest expenses.
In December 2019, the interest coverage ratio was 50.30, indicating a healthy ability to meet interest obligations. There was a slight decline in the ratio in the following periods but still remained above 1, ensuring Intel could cover its interest payments comfortably.
However, in the first quarter of 2020, the interest coverage ratio increased significantly to 54.87, signaling a robust financial position for Intel. The ratio continued to show strong performance throughout 2020 into early 2021, with ratios above 40, indicating a solid ability to cover interest expenses.
The interest coverage ratio reached its highest point in June 2021 at 52.71, highlighting Intel's strong financial health and capacity to meet its interest obligations. Subsequently, the ratio started to decline, and by March 2023, it fell to -4.39, indicating that Intel's operating income was insufficient to cover its interest expenses during that period.
The interest coverage ratios of -4.39, -3.39, and -2.71 in the subsequent quarters suggest that Intel faced challenges in generating enough operating income to cover its interest payments, possibly due to changes in revenue, cost structures, or other financial factors.
Overall, the fluctuations in Intel Corporation's interest coverage ratio reflect changes in its financial performance and ability to meet its interest obligations, with periods of strength and challenges observed throughout the analyzed time frame.