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: 2025-12-27), 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 debt to equity ratio for the period examined demonstrates a generally low level of financial leverage initially, followed by a significant increase beginning in 2011. Throughout much of the analyzed timeframe, the ratio remained relatively stable, but recent years show a marked upward trend.

Initial Period (2005-2010)
From 2005 to 2010, the debt to equity ratio exhibited a consistent decline, starting at 0.07 and reaching a low of 0.04 in 2010. This indicates a period where equity growth outpaced debt accumulation, suggesting increasing financial strength and a conservative capital structure. Total debt remained relatively stable during this period, while stockholders’ equity generally increased.
Significant Increase (2011-2016)
Beginning in 2011, the debt to equity ratio experienced a substantial increase, rising from 0.16 to 0.38 by 2016. This surge was primarily driven by a significant increase in total debt, particularly noticeable from 2014 onwards, while equity growth was more moderate. This suggests a shift towards greater reliance on debt financing during this period.
Continued Leverage (2017-2023)
The ratio continued to fluctuate between 0.35 and 0.47 from 2017 through 2023. Total debt continued to rise, reaching a peak of 49.266 US$ in millions in 2022, while equity also increased, but at a slower rate. This indicates a sustained, though somewhat moderated, increase in financial leverage. The ratio reached its highest point of 0.50 in 2023.
Recent Trend (2024-2025)
The most recent two years show a slight decrease in the debt to equity ratio, falling to 0.41 in 2025. This is attributable to a decrease in total debt, while equity remains relatively high. However, the ratio remains significantly higher than levels observed prior to 2011, indicating a fundamentally different capital structure.

Overall, the trend indicates a transition from a financially conservative position with low leverage to a more leveraged capital structure, particularly over the last decade. While the most recent period shows a slight reduction in leverage, the ratio remains elevated compared to historical levels.


Comparison to Competitors

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

Microsoft Excel

Based on: 10-K (reporting date: 2025-12-27), 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: 2025-12-27), 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)