Stock Analysis on Net

Intel Corp. (NASDAQ:INTC)

$24.99

Debt to Equity
since 2005

Microsoft Excel

Calculation

Intel Corp., debt to equity, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-28), 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), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-26), 10-K (reporting date: 2014-12-27), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-25), 10-K (reporting date: 2009-12-26), 10-K (reporting date: 2008-12-27), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).

1 US$ in millions


The financial data indicates several notable trends regarding the company's capital structure and leverage over the examined period.

Total Debt
Total debt exhibited a general upward trajectory from 2005 through 2024, starting at approximately $2.4 billion and rising significantly to just above $50 billion. The early years saw relatively modest debt levels, hovering around $2–3 billion until 2010. Subsequently, there was a marked increase beginning in 2011, with debt more than tripling by 2012, and continuing to grow with some fluctuations. The overall trend suggests a strategic increase in debt financing over the years, particularly after 2010.
Total Stockholders’ Equity
Equity also grew over the period, starting at around $36 billion in 2005 and reaching a peak above $105 billion by 2023, followed by a slight decrease to approximately $99 billion in 2024. The growth in equity was relatively steady with some intermittent fluctuations, notably a dip in 2008 and 2014, corresponding possibly to external economic factors or company-specific events. Despite these dips, equity generally increased, reflecting retained earnings growth or capital injections over time.
Debt to Equity Ratio
The debt to equity ratio remained low during the initial years, consistently below 0.1 from 2005 through 2010, indicating a conservative leverage position. However, starting in 2011, the ratio increased sharply, reaching about 0.16 and continuing an upward trend with some minor fluctuations. By 2024, the ratio stood around 0.5, suggesting the company had substantially increased its debt relative to equity. This rise in leverage may reflect a strategic shift toward employing more debt in the capital structure, increasing financial risk but potentially enhancing returns.

In summary, the company demonstrated a clear growth in both total debt and equity over the analyzed timeframe, with debt rising at a faster pace leading to a notable increase in leverage ratios. This evolution in capital structure indicates a shift toward more aggressive use of debt financing, which may align with broader strategic initiatives or capital investment plans. While equity growth supports a strong financial base, the increased leverage warrants monitoring for potential impacts on financial stability and cost of capital.


Comparison to Competitors

Intel Corp., debt to equity, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-28), 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), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-26), 10-K (reporting date: 2014-12-27), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-25), 10-K (reporting date: 2009-12-26), 10-K (reporting date: 2008-12-27), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).


Comparison to Sector (Semiconductors & Semiconductor Equipment)

Intel Corp., debt to equity, long-term trends, comparison to sector (semiconductors & semiconductor equipment)

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-28), 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), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-26), 10-K (reporting date: 2014-12-27), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-25), 10-K (reporting date: 2009-12-26), 10-K (reporting date: 2008-12-27), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).


Comparison to Industry (Information Technology)