Intel Corp. (NASDAQ:INTC)

Debt to Equity Ratio

The debt to equity ratio shows a generally stable trend with minor fluctuations throughout the observed periods. Initially, it declines from 0.45 to 0.35 between March 2021 and July 2022, indicating a reduction in reliance on debt relative to equity. Subsequently, there is a gradual increase beginning from July 2022, reaching approximately 0.52 by June 2025. This suggests a moderate rise in the proportion of debt financing relative to shareholders’ equity in the later periods.

Debt to Capital Ratio

This ratio demonstrates a modest downward trend in the early periods, from 0.31 in March 2021 to 0.26 in July 2022, reflecting a decreasing share of debt within the total capital structure. After this period, the ratio fluctuates slightly but remains relatively stable, trending upwards to stabilize near 0.33-0.34 in the most recent periods, indicating a balanced debt level within total capital.

Debt to Assets Ratio

The debt to assets ratio mirrors similar trends to the debt to capital ratio, decreasing from 0.24 in March 2021 to a low of 0.21 in April and July 2022, suggesting a lower proportion of assets financed by debt. Post this decline, the ratio increases somewhat and stabilizes around 0.25 to 0.27, implying a consistent and moderate use of debt relative to total assets.

Financial Leverage Ratio

Financial leverage declines from 1.89 in March 2021 to a trough of 1.68 by July 2022, indicating a decrease in the use of debt financing relative to equity and total assets. Afterwards, an upward movement is observed, with the ratio increasing to approximately 1.97 by June 2025, signifying a gradual increase in leverage. This trend suggests the company has incrementally increased its financial risk exposure through higher leverage in the later quarters.

The financial data displays trends related to debt, equity, and the debt-to-equity ratio over multiple quarters for the analyzed period.

Total Debt

Total debt figures show fluctuations with an overall upward trend over time. Initially, debt hovered in the mid-30 billion USD range, with occasional peaks and troughs. Notably, from the end of 2022 onwards, debt increased significantly, breaching the 50 billion USD mark in early 2023 and maintaining elevated levels around this figure through mid-2025. This indicates a gradual increase in leverage or borrowing.

Total Stockholders’ Equity

Equity levels demonstrated consistent growth from early 2021 through late 2023, rising from approximately 80 billion USD to over 105 billion USD. However, after reaching a peak near mid-2024, equity declined notably in the subsequent quarters, dropping below 100 billion USD by early 2025 and continuing slightly downward. This volatility suggests periods of value realization or adjustments affecting shareholder equity.

Debt to Equity Ratio

The debt-to-equity ratio shows a generally low and stable profile around 0.35 to 0.45 in 2021 and first half of 2022, indicating a relatively conservative capital structure. Beginning late 2022, the ratio began to increase, moving consistently toward and above 0.5 by early 2023, where it remained through mid-2025. This increase corresponds with the rise in total debt and the relative decline in equity, reflecting a heightened reliance on debt financing relative to equity.

In summary, the company has experienced a gradual increase in total debt alongside an initial rise and subsequent decline in equity, resulting in a noticeable increase in the debt-to-equity ratio since late 2022. The data indicates a shift toward greater financial leverage in recent quarters, which may imply increased financial risk or strategic decisions to utilize more debt capital.

The financial data reveals several notable trends regarding the company's debt and capital structure over the examined periods.

Total Debt

Total debt demonstrates a variable pattern, initially fluctuating moderately from approximately $35.884 billion at the beginning to $42.051 billion by the end of 2022. Subsequently, there is a marked increase starting in early 2023, where total debt rises sharply to a peak of $52.450 billion in the first quarter of 2024. Following this peak, the debt level exhibits minor fluctuations but generally remains elevated around the $50 billion mark toward mid-2025.

Total Capital

Total capital shows an overall upward trajectory during the majority of the period, escalating from around $115.7 billion in early 2021 to a high near $168.3 billion by mid-2024. However, in the final year observed, total capital declines somewhat to approximately $149 billion, indicating some contraction or recalibration in the capital base after the maximum reached in 2024.

Debt to Capital Ratio

The debt to capital ratio remains relatively stable in the range of 0.26 to 0.31 during 2021 and 2022, suggesting consistent leverage levels in this timeframe. From 2023 onward, the ratio increases, peaking around 0.34, matching the periods when total debt spikes and total capital contracts slightly. This indicates a gradual increase in leverage, reflecting a higher proportion of debt financing relative to the capital base during the most recent periods.

In summary, the company experienced moderate debt fluctuations through 2022, followed by a significant increase in debt levels starting in 2023. Concurrently, total capital grew substantially until mid-2024, then decreased somewhat. The rise in the debt to capital ratio in the later periods reflects a trend toward increased leverage, implying a strategic shift or response to financing needs in the recent years. The company’s capital structure appears to be somewhat more debt-dependent in the latest quarters compared to earlier periods.

The analyzed financial data reveals notable trends in the company's leverage and asset base over a multi-year period.

Total Debt

Total debt figures exhibit fluctuations with an overall rising trend from March 2021 through June 2025. Starting at approximately 35.9 billion USD in early 2021, the debt decreased slightly in mid-2021 but then showed intermittent increases and decreases. Notably, a substantial increase is seen in April 2023, reaching over 50 billion USD, followed by a stabilization around that level through mid-2025, fluctuating near the 50 billion USD mark.

Total Assets

Total assets indicate consistent growth over the examined periods, beginning at about 150.6 billion USD in March 2021 and progressing to nearly 192.5 billion USD by mid-2025. There are minor fluctuations, including some declines in certain quarters such as in the latter half of 2024, but the general direction shows asset expansion, signaling company growth or asset accumulation strategies.

Debt to Assets Ratio

The ratio of debt to assets remained relatively stable between 0.21 and 0.27 throughout the timeline, with short-term variability. Initial values around 0.23 to 0.24 suggest a moderate leverage level. There is a noticeable increase in leverage beginning in early 2023, peaking around 0.27, coinciding with the period when total debt rose sharply relative to assets. Towards mid-2025, the ratio appears to stabilize slightly below 0.27, indicating the company has maintained a consistent leverage ratio despite increasing absolute debt levels.

In summary, the company has increased both its debt and asset bases over time, with a controlled but slightly rising leverage ratio. This pattern may reflect strategic financing and investment activities aimed at supporting growth while managing financial risk within a stable range.

Total Assets

The total assets demonstrate a generally upward trajectory over the analyzed quarters. Starting at approximately 150.6 billion USD at the end of Q1 2021, total assets increased steadily, peaking at about 206.2 billion USD by mid-2024. However, subsequent quarters show some volatility with a decline to roughly 192.5 billion USD by mid-2025. This suggests a phase of asset growth followed by a period of stabilization or slight contraction.

Total Intel Stockholders’ Equity

Shareholders’ equity experienced a consistent rise from around 79.8 billion USD at Q1 2021 to a high point of approximately 115.2 billion USD in mid-2024. After reaching this peak, equity values reversed course, declining to near 97.9 billion USD by mid-2025. The initial growth indicates enhanced retained earnings or capital increases, whereas the later decrease may reflect dividend payments, share buybacks, or losses.

Financial Leverage Ratio

The financial leverage ratio exhibits moderate fluctuations over the period. Beginning at 1.89, the ratio declines to a low around 1.68 in mid-2022, implying a reduction in leverage or increased equity relative to liabilities. Subsequently, it rises again, crossing 1.9 in several quarters by late 2024 and mid-2025, suggesting a renewed increase in leverage or a relative decrease in equity. These fluctuations reflect dynamic capital structure adjustments possibly influenced by financing strategies or market conditions.