Intel Corp. (NASDAQ:INTC)

The analyzed financial data reveals several notable trends concerning liabilities, equity composition, and changes over time.

Current Liabilities

Current liabilities as a percent of total liabilities and equity remained relatively stable, fluctuating mostly between 14% and 18%. There was a slight increase toward the later periods, peaking at 18.17% in March 2025 and maintaining a similar range thereafter. The specific components within current liabilities, such as accounts payable, showed volatility but a general upward drift, climbing from around 3.14% in early 2020 to peaks near 6.39% by mid-2025 before easing slightly. Accrued compensation exhibited irregular behavior, with a decrease in some quarters and spikes in others, lacking a consistent trend. Short-term debt percentages varied widely without a clear directional pattern, sometimes declining and at other times rising notably.

Long-term Liabilities

Long-term debt as a proportion declined gradually from about 24.7% in early 2020 to a range near 23% by mid-2025, showing modest variability. Other long-term liabilities showed a steady decline from approximately 7.5% to just over 4%, marking a clear reduction in this component. The total long-term liabilities combined reflected this downward trend, dropping from over 32% to closer to 27%, indicating a reduction in long-term obligations relative to the total capital structure over the period.

Total Liabilities

Total liabilities as a share of total liabilities and equity decreased somewhat from a high near 48.7% in late 2020 to a lower band around 44-45% in recent quarters, reflecting a modest deleveraging or greater equity proportion over time.

Stockholders’ Equity

Stockholders’ equity showed a generally stable but slightly declining pattern from a high above 56% in late 2021 to around 54-55% by mid-2025. The common stock and capital in excess of par value component exhibited a significant increase, rising from approximately 17% in early 2020 to over 27% by mid-2025, indicating increased capital injections or retained earnings allocated to this category. Retained earnings, however, declined markedly from a peak over 42% in early 2022 to about 23-25% by mid-2025, implying reduced accumulated earnings or possible distributions. Accumulated other comprehensive income/loss remained relatively minor as a percent of total, showing fluctuations between small negative and near-neutral values.

Non-controlling Interests

This category showed steady growth, starting from essentially zero and increasing to over 4% by mid-2025, signaling rising minority interests within the ownership structure.

Overall Capital Structure

The composition of capital displayed a gradual shift toward higher equity proportions, primarily driven by increasing capital stock components and non-controlling interests, whereas long-term liabilities shrank relatively. While total liabilities decreased moderately as a share of total, current liabilities fluctuated with some upward tendencies, and there was evidence of greater variability in short-term obligations. The reduction in retained earnings percentage suggests changes in profitability retention or dividend strategies.

In summary, the data points to a gradual transition in the capital structure toward a stronger equity base, accompanied by decreasing long-term liabilities and some increase in current liabilities. The rise in common stock and non-controlling interests alongside the shrinking retained earnings percentage may reflect financing activities, ownership changes, or variations in earnings retention policies over the analyzed quarters.