Stock Analysis on Net

Intel Corp. (NASDAQ:INTC)

Analysis of Liquidity Ratios

Microsoft Excel

Liquidity Ratios (Summary)

Intel Corp., liquidity ratios

Microsoft Excel
Dec 30, 2023 Dec 31, 2022 Dec 25, 2021 Dec 26, 2020 Dec 28, 2019
Current ratio 1.54 1.57 2.10 1.91 1.40
Quick ratio 1.01 1.01 1.38 1.24 0.93
Cash ratio 0.89 0.88 1.03 0.97 0.59

Based on: 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Intel Corp. current ratio deteriorated from 2021 to 2022 and from 2022 to 2023.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Intel Corp. quick ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Intel Corp. cash ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.

Current Ratio

Intel Corp., current ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 30, 2023 Dec 31, 2022 Dec 25, 2021 Dec 26, 2020 Dec 28, 2019
Selected Financial Data (US$ in millions)
Current assets 43,269 50,407 57,718 47,249 31,239
Current liabilities 28,053 32,155 27,462 24,754 22,310
Liquidity Ratio
Current ratio1 1.54 1.57 2.10 1.91 1.40
Benchmarks
Current Ratio, Competitors2
Advanced Micro Devices Inc. 2.51 2.36 2.02 2.54 1.95
Analog Devices Inc. 1.37 2.02 1.94 1.84 1.32
Applied Materials Inc. 2.60 2.16 2.54 3.00 2.30
Broadcom Inc. 2.82 2.62 2.64 1.87 1.44
KLA Corp. 2.24 2.50 2.71 2.78 2.44
Lam Research Corp. 3.16 2.69 3.30 3.43 3.61
Micron Technology Inc. 4.46 2.89 3.10 2.71 2.58
NVIDIA Corp. 3.52 6.65 4.09 7.67 7.94
ON Semiconductor Corp. 2.71 2.78 2.45 1.90 1.66
Qualcomm Inc. 2.33 1.75 1.68 2.14 1.88
Texas Instruments Inc. 4.55 4.70 5.33 4.28 4.13
Current Ratio, Sector
Semiconductors & Semiconductor Equipment 2.45 2.35 2.47 2.45 2.03
Current Ratio, Industry
Information Technology 1.46 1.44 1.64 1.85 1.77

Based on: 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28).

1 2023 Calculation
Current ratio = Current assets ÷ Current liabilities
= 43,269 ÷ 28,053 = 1.54

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Intel Corp. current ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Quick Ratio

Intel Corp., quick ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 30, 2023 Dec 31, 2022 Dec 25, 2021 Dec 26, 2020 Dec 28, 2019
Selected Financial Data (US$ in millions)
Cash and cash equivalents 7,079 11,144 4,827 5,865 4,194
Short-term investments 17,955 17,194 23,586 18,030 8,929
Accounts receivable, net 3,402 4,133 9,457 6,782 7,659
Total quick assets 28,436 32,471 37,870 30,677 20,782
 
Current liabilities 28,053 32,155 27,462 24,754 22,310
Liquidity Ratio
Quick ratio1 1.01 1.01 1.38 1.24 0.93
Benchmarks
Quick Ratio, Competitors2
Advanced Micro Devices Inc. 1.67 1.57 1.49 1.81 1.43
Analog Devices Inc. 0.76 1.34 1.24 1.31 0.85
Applied Materials Inc. 1.63 1.17 1.64 1.95 1.38
Broadcom Inc. 2.34 2.18 2.27 1.56 1.21
KLA Corp. 1.33 1.57 1.81 1.82 1.54
Lam Research Corp. 1.96 1.75 2.48 2.78 2.90
Micron Technology Inc. 2.53 1.92 2.17 1.82 1.74
NVIDIA Corp. 2.61 5.96 3.56 7.04 6.66
ON Semiconductor Corp. 1.57 1.82 1.40 1.05 0.88
Qualcomm Inc. 1.51 1.01 1.34 1.75 1.65
Texas Instruments Inc. 3.12 3.67 4.45 3.34 3.04
Quick Ratio, Sector
Semiconductors & Semiconductor Equipment 1.63 1.63 1.80 1.79 1.48
Quick Ratio, Industry
Information Technology 1.17 1.15 1.38 1.60 1.55

Based on: 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28).

1 2023 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 28,436 ÷ 28,053 = 1.01

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Intel Corp. quick ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.

Cash Ratio

Intel Corp., cash ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 30, 2023 Dec 31, 2022 Dec 25, 2021 Dec 26, 2020 Dec 28, 2019
Selected Financial Data (US$ in millions)
Cash and cash equivalents 7,079 11,144 4,827 5,865 4,194
Short-term investments 17,955 17,194 23,586 18,030 8,929
Total cash assets 25,034 28,338 28,413 23,895 13,123
 
Current liabilities 28,053 32,155 27,462 24,754 22,310
Liquidity Ratio
Cash ratio1 0.89 0.88 1.03 0.97 0.59
Benchmarks
Cash Ratio, Competitors2
Advanced Micro Devices Inc. 0.86 0.92 0.85 0.95 0.64
Analog Devices Inc. 0.30 0.60 0.71 0.77 0.43
Applied Materials Inc. 0.93 0.35 0.86 1.29 0.81
Broadcom Inc. 1.92 1.76 1.94 1.20 0.73
KLA Corp. 0.87 0.94 1.19 1.17 0.98
Lam Research Corp. 1.28 0.80 1.62 2.12 2.29
Micron Technology Inc. 2.01 1.24 1.34 1.23 1.24
NVIDIA Corp. 2.03 4.89 2.95 6.11 5.58
ON Semiconductor Corp. 1.14 1.42 0.88 0.65 0.49
Qualcomm Inc. 1.18 0.54 1.04 1.29 1.37
Texas Instruments Inc. 2.58 3.04 3.79 2.75 2.54
Cash Ratio, Sector
Semiconductors & Semiconductor Equipment 1.23 1.16 1.31 1.33 1.04
Cash Ratio, Industry
Information Technology 0.75 0.72 0.96 1.19 1.11

Based on: 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28).

1 2023 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 25,034 ÷ 28,053 = 0.89

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Intel Corp. cash ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023.