Stock Analysis on Net

Intel Corp. (NASDAQ:INTC)

Analysis of Solvency Ratios

Microsoft Excel

Solvency Ratios (Summary)

Intel Corp., solvency ratios

Microsoft Excel
Dec 30, 2023 Dec 31, 2022 Dec 25, 2021 Dec 26, 2020 Dec 28, 2019
Debt Ratios
Debt to equity 0.47 0.41 0.40 0.45 0.37
Debt to equity (including operating lease liability) 0.47 0.42 0.40 0.46 0.38
Debt to capital 0.32 0.29 0.29 0.31 0.27
Debt to capital (including operating lease liability) 0.32 0.30 0.29 0.31 0.28
Debt to assets 0.26 0.23 0.23 0.24 0.21
Debt to assets (including operating lease liability) 0.26 0.23 0.23 0.24 0.22
Financial leverage 1.81 1.80 1.77 1.89 1.76
Coverage Ratios
Interest coverage 1.87 16.66 37.35 40.87 50.20
Fixed charge coverage 1.59 7.34 16.56 25.00 36.69

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).

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. Intel Corp. debt to equity ratio deteriorated from 2021 to 2022 and from 2022 to 2023.
Debt to equity ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. Intel Corp. debt to equity ratio (including operating lease liability) deteriorated from 2021 to 2022 and from 2022 to 2023.
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. Intel Corp. debt to capital ratio deteriorated from 2021 to 2022 and from 2022 to 2023.
Debt to capital ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. Intel Corp. debt to capital ratio (including operating lease liability) deteriorated from 2021 to 2022 and from 2022 to 2023.
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. Intel Corp. debt to assets ratio deteriorated from 2021 to 2022 and from 2022 to 2023.
Debt to assets ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. Intel Corp. debt to assets ratio (including operating lease liability) deteriorated from 2021 to 2022 and from 2022 to 2023.
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. Intel Corp. financial leverage ratio increased from 2021 to 2022 and from 2022 to 2023.

Solvency ratio Description The company
Interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments. Intel Corp. interest coverage ratio deteriorated from 2021 to 2022 and from 2022 to 2023.
Fixed charge coverage ratio A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. Intel Corp. fixed charge coverage ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Debt to Equity

Intel Corp., debt to equity 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)
Short-term debt 2,288 4,367 4,591 2,504 3,693
Long-term debt 46,978 37,684 33,510 33,897 25,308
Total debt 49,266 42,051 38,101 36,401 29,001
 
Total Intel stockholders’ equity 105,590 101,423 95,391 81,038 77,504
Solvency Ratio
Debt to equity1 0.47 0.41 0.40 0.45 0.37
Benchmarks
Debt to Equity, Competitors2
Advanced Micro Devices Inc. 0.04 0.05 0.04 0.06 0.17
Analog Devices Inc. 0.20 0.18 0.18 0.43 0.47
Applied Materials Inc. 0.35 0.45 0.45 0.52 0.65
Broadcom Inc. 1.64 1.74 1.59 1.72 1.32
First Solar Inc. 0.09 0.03 0.04 0.05 0.09
KLA Corp. 2.02 4.75 1.02 1.30 1.29
Lam Research Corp. 0.61 0.80 0.83 1.12 0.96
Micron Technology Inc. 0.30 0.14 0.15 0.17 0.16
NVIDIA Corp. 0.50 0.41 0.41 0.16 0.21
Qualcomm Inc. 0.71 0.86 1.58 2.59 3.25
Texas Instruments Inc. 0.66 0.60 0.58 0.74 0.65
Debt to Equity, Sector
Semiconductors & Semiconductor Equipment 0.46 0.43 0.49 0.61 0.56
Debt to Equity, Industry
Information Technology 0.62 0.67 0.76 0.88 0.87

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
Debt to equity = Total debt ÷ Total Intel stockholders’ equity
= 49,266 ÷ 105,590 = 0.47

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. Intel Corp. debt to equity ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Debt to Equity (including Operating Lease Liability)

Intel Corp., debt to equity (including operating lease liability) 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)
Short-term debt 2,288 4,367 4,591 2,504 3,693
Long-term debt 46,978 37,684 33,510 33,897 25,308
Total debt 49,266 42,051 38,101 36,401 29,001
Operating lease liability (recognized in Accrued liabilities) 142 173 180 173 175
Operating lease liability (recognized in Other long-term liabilities) 289 236 295 354 375
Total debt (including operating lease liability) 49,697 42,460 38,576 36,928 29,551
 
Total Intel stockholders’ equity 105,590 101,423 95,391 81,038 77,504
Solvency Ratio
Debt to equity (including operating lease liability)1 0.47 0.42 0.40 0.46 0.38
Benchmarks
Debt to Equity (including Operating Lease Liability), Competitors2
Advanced Micro Devices Inc. 0.06 0.05 0.10 0.10 0.26
Analog Devices Inc. 0.21 0.19 0.19 0.46 0.47
Applied Materials Inc. 0.37 0.48 0.47 0.54 0.65
Broadcom Inc. 1.65 1.76 1.61 1.75 1.32
First Solar Inc. 0.09 0.04 0.07 0.09 0.12
KLA Corp. 2.08 4.83 1.05 1.34 1.29
Lam Research Corp. 0.64 0.83 0.86 1.16 0.96
Micron Technology Inc. 0.32 0.15 0.17 0.19 0.16
NVIDIA Corp. 0.54 0.44 0.46 0.22 0.21
Qualcomm Inc. 0.74 0.90 1.64 2.67 3.25
Texas Instruments Inc. 0.70 0.63 0.62 0.77 0.69
Debt to Equity (including Operating Lease Liability), Sector
Semiconductors & Semiconductor Equipment 0.48 0.44 0.51 0.63 0.57
Debt to Equity (including Operating Lease Liability), Industry
Information Technology 0.69 0.73 0.83 0.95 0.90

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
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Total Intel stockholders’ equity
= 49,697 ÷ 105,590 = 0.47

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to equity ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. Intel Corp. debt to equity ratio (including operating lease liability) deteriorated from 2021 to 2022 and from 2022 to 2023.

Debt to Capital

Intel Corp., debt to capital 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)
Short-term debt 2,288 4,367 4,591 2,504 3,693
Long-term debt 46,978 37,684 33,510 33,897 25,308
Total debt 49,266 42,051 38,101 36,401 29,001
Total Intel stockholders’ equity 105,590 101,423 95,391 81,038 77,504
Total capital 154,856 143,474 133,492 117,439 106,505
Solvency Ratio
Debt to capital1 0.32 0.29 0.29 0.31 0.27
Benchmarks
Debt to Capital, Competitors2
Advanced Micro Devices Inc. 0.04 0.04 0.04 0.05 0.15
Analog Devices Inc. 0.16 0.15 0.15 0.30 0.32
Applied Materials Inc. 0.26 0.31 0.31 0.34 0.39
Broadcom Inc. 0.62 0.64 0.61 0.63 0.57
First Solar Inc. 0.08 0.03 0.04 0.05 0.08
KLA Corp. 0.67 0.83 0.50 0.57 0.56
Lam Research Corp. 0.38 0.44 0.45 0.53 0.49
Micron Technology Inc. 0.23 0.12 0.13 0.15 0.14
NVIDIA Corp. 0.33 0.29 0.29 0.14 0.18
Qualcomm Inc. 0.42 0.46 0.61 0.72 0.76
Texas Instruments Inc. 0.40 0.37 0.37 0.43 0.39
Debt to Capital, Sector
Semiconductors & Semiconductor Equipment 0.32 0.30 0.33 0.38 0.36
Debt to Capital, Industry
Information Technology 0.38 0.40 0.43 0.47 0.46

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
Debt to capital = Total debt ÷ Total capital
= 49,266 ÷ 154,856 = 0.32

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. Intel Corp. debt to capital ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Debt to Capital (including Operating Lease Liability)

Intel Corp., debt to capital (including operating lease liability) 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)
Short-term debt 2,288 4,367 4,591 2,504 3,693
Long-term debt 46,978 37,684 33,510 33,897 25,308
Total debt 49,266 42,051 38,101 36,401 29,001
Operating lease liability (recognized in Accrued liabilities) 142 173 180 173 175
Operating lease liability (recognized in Other long-term liabilities) 289 236 295 354 375
Total debt (including operating lease liability) 49,697 42,460 38,576 36,928 29,551
Total Intel stockholders’ equity 105,590 101,423 95,391 81,038 77,504
Total capital (including operating lease liability) 155,287 143,883 133,967 117,966 107,055
Solvency Ratio
Debt to capital (including operating lease liability)1 0.32 0.30 0.29 0.31 0.28
Benchmarks
Debt to Capital (including Operating Lease Liability), Competitors2
Advanced Micro Devices Inc. 0.05 0.05 0.09 0.09 0.20
Analog Devices Inc. 0.17 0.16 0.16 0.31 0.32
Applied Materials Inc. 0.27 0.32 0.32 0.35 0.39
Broadcom Inc. 0.62 0.64 0.62 0.64 0.57
First Solar Inc. 0.09 0.04 0.06 0.08 0.10
KLA Corp. 0.67 0.83 0.51 0.57 0.56
Lam Research Corp. 0.39 0.45 0.46 0.54 0.49
Micron Technology Inc. 0.24 0.13 0.14 0.16 0.14
NVIDIA Corp. 0.35 0.31 0.31 0.18 0.18
Qualcomm Inc. 0.43 0.47 0.62 0.73 0.76
Texas Instruments Inc. 0.41 0.39 0.38 0.44 0.41
Debt to Capital (including Operating Lease Liability), Sector
Semiconductors & Semiconductor Equipment 0.32 0.31 0.34 0.39 0.36
Debt to Capital (including Operating Lease Liability), Industry
Information Technology 0.41 0.42 0.45 0.49 0.47

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
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 49,697 ÷ 155,287 = 0.32

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to capital ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. Intel Corp. debt to capital ratio (including operating lease liability) deteriorated from 2021 to 2022 and from 2022 to 2023.

Debt to Assets

Intel Corp., debt to assets 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)
Short-term debt 2,288 4,367 4,591 2,504 3,693
Long-term debt 46,978 37,684 33,510 33,897 25,308
Total debt 49,266 42,051 38,101 36,401 29,001
 
Total assets 191,572 182,103 168,406 153,091 136,524
Solvency Ratio
Debt to assets1 0.26 0.23 0.23 0.24 0.21
Benchmarks
Debt to Assets, Competitors2
Advanced Micro Devices Inc. 0.04 0.04 0.03 0.04 0.08
Analog Devices Inc. 0.14 0.13 0.13 0.24 0.26
Applied Materials Inc. 0.18 0.20 0.21 0.24 0.28
Broadcom Inc. 0.54 0.54 0.53 0.54 0.49
First Solar Inc. 0.06 0.02 0.03 0.04 0.06
KLA Corp. 0.42 0.53 0.34 0.37 0.38
Lam Research Corp. 0.27 0.29 0.31 0.40 0.37
Micron Technology Inc. 0.21 0.10 0.12 0.12 0.12
NVIDIA Corp. 0.27 0.25 0.24 0.11 0.15
Qualcomm Inc. 0.30 0.32 0.38 0.44 0.48
Texas Instruments Inc. 0.35 0.32 0.31 0.35 0.32
Debt to Assets, Sector
Semiconductors & Semiconductor Equipment 0.26 0.24 0.26 0.29 0.28
Debt to Assets, Industry
Information Technology 0.25 0.26 0.28 0.30 0.30

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
Debt to assets = Total debt ÷ Total assets
= 49,266 ÷ 191,572 = 0.26

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. Intel Corp. debt to assets ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Debt to Assets (including Operating Lease Liability)

Intel Corp., debt to assets (including operating lease liability) 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)
Short-term debt 2,288 4,367 4,591 2,504 3,693
Long-term debt 46,978 37,684 33,510 33,897 25,308
Total debt 49,266 42,051 38,101 36,401 29,001
Operating lease liability (recognized in Accrued liabilities) 142 173 180 173 175
Operating lease liability (recognized in Other long-term liabilities) 289 236 295 354 375
Total debt (including operating lease liability) 49,697 42,460 38,576 36,928 29,551
 
Total assets 191,572 182,103 168,406 153,091 136,524
Solvency Ratio
Debt to assets (including operating lease liability)1 0.26 0.23 0.23 0.24 0.22
Benchmarks
Debt to Assets (including Operating Lease Liability), Competitors2
Advanced Micro Devices Inc. 0.05 0.04 0.06 0.06 0.12
Analog Devices Inc. 0.15 0.14 0.14 0.25 0.26
Applied Materials Inc. 0.20 0.22 0.22 0.26 0.28
Broadcom Inc. 0.54 0.55 0.53 0.55 0.49
First Solar Inc. 0.06 0.03 0.05 0.07 0.08
KLA Corp. 0.43 0.54 0.35 0.38 0.38
Lam Research Corp. 0.28 0.30 0.33 0.41 0.37
Micron Technology Inc. 0.22 0.11 0.12 0.13 0.12
NVIDIA Corp. 0.29 0.27 0.27 0.15 0.15
Qualcomm Inc. 0.31 0.33 0.40 0.46 0.48
Texas Instruments Inc. 0.36 0.34 0.33 0.37 0.34
Debt to Assets (including Operating Lease Liability), Sector
Semiconductors & Semiconductor Equipment 0.27 0.25 0.27 0.30 0.29
Debt to Assets (including Operating Lease Liability), Industry
Information Technology 0.28 0.28 0.30 0.33 0.31

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
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 49,697 ÷ 191,572 = 0.26

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to assets ratio (including operating lease liability) A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. Intel Corp. debt to assets ratio (including operating lease liability) deteriorated from 2021 to 2022 and from 2022 to 2023.

Financial Leverage

Intel Corp., financial leverage 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)
Total assets 191,572 182,103 168,406 153,091 136,524
Total Intel stockholders’ equity 105,590 101,423 95,391 81,038 77,504
Solvency Ratio
Financial leverage1 1.81 1.80 1.77 1.89 1.76
Benchmarks
Financial Leverage, Competitors2
Advanced Micro Devices Inc. 1.21 1.23 1.66 1.54 2.13
Analog Devices Inc. 1.37 1.38 1.38 1.79 1.83
Applied Materials Inc. 1.88 2.19 2.11 2.11 2.32
Broadcom Inc. 3.04 3.23 3.03 3.18 2.71
First Solar Inc. 1.55 1.41 1.24 1.29 1.47
KLA Corp. 4.82 8.99 3.04 3.48 3.39
Lam Research Corp. 2.29 2.74 2.64 2.81 2.57
Micron Technology Inc. 1.46 1.33 1.34 1.38 1.36
NVIDIA Corp. 1.86 1.66 1.70 1.42 1.42
Qualcomm Inc. 2.37 2.72 4.14 5.86 6.71
Texas Instruments Inc. 1.91 1.87 1.85 2.11 2.02
Financial Leverage, Sector
Semiconductors & Semiconductor Equipment 1.79 1.78 1.88 2.06 1.99
Financial Leverage, Industry
Information Technology 2.45 2.57 2.72 2.92 2.87

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
Financial leverage = Total assets ÷ Total Intel stockholders’ equity
= 191,572 ÷ 105,590 = 1.81

2 Click competitor name to see calculations.

Solvency ratio Description The company
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. Intel Corp. financial leverage ratio increased from 2021 to 2022 and from 2022 to 2023.

Interest Coverage

Intel Corp., interest coverage 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)
Net income attributable to Intel 1,689 8,014 19,868 20,899 21,048
Add: Net income attributable to noncontrolling interest (14) 3
Add: Income tax expense (913) (249) 1,835 4,179 3,010
Add: Interest expense 878 496 597 629 489
Earnings before interest and tax (EBIT) 1,640 8,264 22,300 25,707 24,547
Solvency Ratio
Interest coverage1 1.87 16.66 37.35 40.87 50.20
Benchmarks
Interest Coverage, Competitors2
Advanced Micro Devices Inc. 5.79 14.61 109.09 28.23 4.96
Analog Devices Inc. 14.63 16.46 8.19 7.79 7.49
Applied Materials Inc. 33.42 34.33 29.69 18.36 14.79
Broadcom Inc. 10.31 8.16 4.59 2.37 2.54
First Solar Inc. 69.75 1.70 44.65 13.11 -3.45
KLA Corp. 13.76 22.76 16.00 9.22 11.40
Lam Research Corp. 28.40 29.11 21.95 15.51 21.86
Micron Technology Inc. -13.58 51.66 35.18 16.41 56.09
NVIDIA Corp. 16.96 43.12 24.96 58.12 68.17
Qualcomm Inc. 11.72 31.61 19.38 10.50 12.93
Texas Instruments Inc. 22.01 47.88 49.47 32.67 34.69
Interest Coverage, Sector
Semiconductors & Semiconductor Equipment 10.59 21.15 18.49 14.10 16.80
Interest Coverage, Industry
Information Technology 18.63 24.25 22.83 16.42 15.63

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
Interest coverage = EBIT ÷ Interest expense
= 1,640 ÷ 878 = 1.87

2 Click competitor name to see calculations.

Solvency ratio Description The company
Interest coverage ratio A solvency ratio calculated as EBIT divided by interest payments. Intel Corp. interest coverage ratio deteriorated from 2021 to 2022 and from 2022 to 2023.

Fixed Charge Coverage

Intel Corp., fixed charge coverage 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)
Net income attributable to Intel 1,689 8,014 19,868 20,899 21,048
Add: Net income attributable to noncontrolling interest (14) 3
Add: Income tax expense (913) (249) 1,835 4,179 3,010
Add: Interest expense 878 496 597 629 489
Earnings before interest and tax (EBIT) 1,640 8,264 22,300 25,707 24,547
Add: Operating lease expense 407 729 798 416 185
Earnings before fixed charges and tax 2,047 8,993 23,098 26,123 24,732
 
Interest expense 878 496 597 629 489
Operating lease expense 407 729 798 416 185
Fixed charges 1,285 1,225 1,395 1,045 674
Solvency Ratio
Fixed charge coverage1 1.59 7.34 16.56 25.00 36.69
Benchmarks
Fixed Charge Coverage, Competitors2
Advanced Micro Devices Inc. 3.18 6.82 36.00 13.08 3.48
Analog Devices Inc. 11.89 12.87 6.64 6.48 5.62
Applied Materials Inc. 23.69 24.67 22.50 14.48 12.35
Broadcom Inc. 9.81 6.55 3.70 1.92 2.27
First Solar Inc. 36.57 1.32 19.58 7.80 -1.46
KLA Corp. 12.19 18.72 13.03 7.74 10.39
Lam Research Corp. 20.49 21.44 17.80 12.52 17.83
Micron Technology Inc. -9.77 31.49 22.49 11.10 32.90
NVIDIA Corp. 10.19 25.61 14.40 18.89 29.23
Qualcomm Inc. 9.29 22.52 14.48 8.30 10.68
Texas Instruments Inc. 18.41 36.70 36.25 24.14 25.27
Fixed Charge Coverage, Sector
Semiconductors & Semiconductor Equipment 8.44 14.35 12.78 10.41 13.18
Fixed Charge Coverage, Industry
Information Technology 12.46 13.97 13.39 9.99 10.40

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
Fixed charge coverage = Earnings before fixed charges and tax ÷ Fixed charges
= 2,047 ÷ 1,285 = 1.59

2 Click competitor name to see calculations.

Solvency ratio Description The company
Fixed charge coverage ratio A solvency ratio calculated as earnings before fixed charges and tax divided by fixed charges. Intel Corp. fixed charge coverage ratio deteriorated from 2021 to 2022 and from 2022 to 2023.