Intel Corp. (NASDAQ:INTC)

The solvency profile exhibits a general expansion of debt obligations relative to equity and assets from April 2022 through June 2026. While the metrics showed relative stability during the mid-period, a pronounced increase in leverage is evident in the final quarter of the analysis.

Debt to Equity Ratio

An upward trajectory is observed, starting at 0.36 in April 2022 and rising to a peak of 0.51 in April 2023. Following a period of consolidation between 0.40 and 0.52, the ratio experienced a sharp increase to 0.58 by June 2026, suggesting a higher reliance on debt financing relative to shareholder equity.

Debt to Capital Ratio

A similar pattern is evident in the debt to capital ratio, which ascended from 0.27 in early 2022 to 0.34 by April 2023. The ratio remained largely range-bound between 0.29 and 0.34 for several quarters before climbing to its period high of 0.37 in June 2026.

Debt to Assets Ratio

The debt to assets ratio remained the most stable of the solvency metrics, though it trended upward from 0.21 in April 2022 to 0.27 in April 2023. Despite subsequent fluctuations, the ratio concluded at 0.25 in June 2026, indicating that debt continued to represent a larger portion of the total asset base compared to the start of the period.

Financial Leverage

Financial leverage showed a consistent increase from 1.71 in April 2022 to 1.97 by June 2025. A significant acceleration is observed in the final recorded period, where the leverage ratio jumped to 2.31, marking the highest level of asset magnification over the analyzed timeframe.

The solvency profile reflects a general increase in leverage over the analyzed period, with the debt-to-equity ratio rising from 0.36 in April 2022 to 0.58 by June 2026. This trajectory indicates a gradual shift toward a more leveraged capital structure, punctuated by specific periods of volatility.

Total Debt Trends

Total debt experienced a significant upward trend from April 2022, rising from 37,247 million USD to a peak of 53,029 million USD in June 2024. Following this peak, debt levels stabilized, fluctuating between 45,031 million USD and 50,537 million USD through June 2026.

Equity Dynamics

Stockholders' equity remained relatively resilient between 2022 and early 2026, generally oscillating between 97,883 million USD and 115,229 million USD. However, a substantial contraction is observed in the final reported period, where equity dropped to 87,542 million USD by June 2026.

Debt to Equity Ratio Analysis

The ratio exhibited an initial climb from 0.36 to 0.51 between April 2022 and April 2023. A period of relative stabilization followed, with the ratio hovering between 0.44 and 0.52 from July 2023 through March 2026. The most pronounced increase occurred in the final quarter, where the ratio surged to 0.58, driven by a combination of rising debt and a sharp decrease in total stockholders' equity.

The solvency profile indicates a general increase in leverage over the observed period, characterized by a steady rise in total debt and a fluctuating total capital base, culminating in a significant increase in the debt-to-capital ratio by the end of the period.

Total Debt Trajectory

A consistent upward trend in total debt is observed from April 2022, where debt stood at 37,247 million US$, peaking at 53,029 million US$ in June 2024. Following this peak, debt levels experienced a period of slight decline and stabilization around the 46,000 to 50,000 million US$ range, before rising again to 50,537 million US$ by June 2026.

Total Capital Dynamics

Total capital demonstrated growth from 140,383 million US$ in April 2022 to a maximum of 168,258 million US$ in June 2024. However, a subsequent contraction is evident, with total capital decreasing to 138,079 million US$ by June 2026, representing a decline below the initial 2022 levels.

Debt to Capital Ratio Analysis

The debt-to-capital ratio remained relatively low and stable between 0.26 and 0.29 during 2022. A shift occurred in April 2023, where the ratio climbed to 0.34, maintaining a range between 0.32 and 0.34 through June 2024. While a brief period of deleveraging occurred between September 2025 and March 2026, with the ratio dipping to 0.29, a sharp increase to 0.37 is recorded in June 2026. This final spike is the result of a simultaneous increase in total debt and a contraction in total capital.

The solvency profile exhibits a period of increasing leverage followed by a phase of consolidation and a subsequent increase in the final quarter of the observed period.

Total Debt Trends

Debt levels experienced a steady ascent starting in April 2022, rising from 37,247 million USD to a peak of 53,029 million USD by June 2024. Following this peak, a gradual reduction occurred, with debt falling to a low of 45,031 million USD by March 2026, before increasing again to 50,537 million USD in June 2026.

Total Asset Evolution

Assets demonstrated a general upward trajectory, increasing from 176,356 million USD in April 2022 to a peak of 211,429 million USD in December 2025. While there were periodic fluctuations, the growth in the asset base largely offset the impact of rising debt obligations throughout the majority of the timeline.

Debt to Assets Ratio Analysis

The solvency ratio shifted from 0.21 in early 2022 to a peak of 0.27 in April 2023 and March 2024, signifying a higher reliance on debt financing relative to total assets. A period of relative stability followed, with the ratio hovering between 0.25 and 0.27 through mid-2024. A notable improvement in solvency was observed between September 2024 and March 2026, during which the ratio declined to 0.22, before returning to 0.25 by June 2026.

The financial leverage profile demonstrates a gradual increase in solvency risk over the analyzed period, culminating in a significant spike in the final quarter. While total assets generally expanded, stockholders' equity experienced volatility and an eventual sharp contraction, leading to a heightened reliance on external financing relative to equity.

Asset Growth Patterns

Total assets exhibited a general upward trajectory, increasing from 176,356 million USD in April 2022 to a peak of 211,429 million USD in December 2025. Despite a slight decline in the final two quarters, the asset base remained substantially higher at the end of the period, closing at 202,439 million USD in June 2026.

Stockholders' Equity Dynamics

Equity levels remained relatively stable, fluctuating between 97,883 million USD and 115,229 million USD for the majority of the timeline. A critical shift occurred in the final quarter, where equity dropped to 87,542 million USD, marking the lowest point in the observed period and indicating a significant reduction in the equity cushion.

Financial Leverage Ratio Analysis

The financial leverage ratio rose steadily from 1.71 in April 2022 to a peak of 1.98 in December 2024. After a period of moderate fluctuation between 1.84 and 1.97 throughout 2025, the ratio surged to 2.31 by June 2026. This sharp increase is directly correlated with the precipitous drop in stockholders' equity while the asset base remained elevated, signaling a substantial increase in financial gearing.