Total debt: Intel's total debt has increased in each of the last five fiscal years, reaching $50.283 billion in 2023.
Net debt: As of March 2024, Intel's net debt was $31.1 billion, after accounting for its $21.3 billion in cash.
HOWEVER, that $21 billion in cash is highly dubious at best; probably much much less.
8 replies (most recent on top)
They’re hiding that 21 billion in cash within lunch boxes in various subfabs.
"Go Woke, Go Broke" .. :D .. more like 'cut taxes to big business, ki-l revenue, Go Way More Broke'.
True, it is a lot of debt, but the Fed will print more money so that old debt won't mean so much when everyone is a trillionaire.
Just ask any Venezuelan.
Thanks to the "technical" ex-CEO who drag the company into the mud which all non-tech CEOs did not do before.
Getting diped (like US Govt) and keep buying worthless $srael$ "companies" (Habana, Mobileye, DSP Communications etc) with billions of dollars can put u in debt while the executives of these going bankrupt companies open champagne bottles and become VP/EVP(Ofer, Lingham etc) at Intel.
@nnj: This isn't shocking. I know a current 20 year Intel architect with a masters in statistics that can't do middle school math...
Reminds me of the US Balance Sheet. Go Woke, Go Broke
Yes, we have a cfo not very good at numbers.