diff --git a/compiler/fir/analysis-tests/testData/resolveWithStdlib/intellij/IntersectionWithJavaString.kt b/compiler/fir/analysis-tests/testData/resolveWithStdlib/intellij/IntersectionWithJavaString.kt
index a395b8e8f6d..af8b5b26b4c 100644
--- a/compiler/fir/analysis-tests/testData/resolveWithStdlib/intellij/IntersectionWithJavaString.kt
+++ b/compiler/fir/analysis-tests/testData/resolveWithStdlib/intellij/IntersectionWithJavaString.kt
@@ -1,5 +1,7 @@
 // FULL_JDK
+// ISSUE: KT-48113
+
 fun collapse(path: String) {
     val result = (path as java.lang.String).replace("123", "456")
-    if (<!EQUALITY_NOT_APPLICABLE_WARNING!>result !== path<!>) {}
-}
\ No newline at end of file
+    if (result !== path) {}
+}
diff --git a/compiler/fir/checkers/src/org/jetbrains/kotlin/fir/analysis/checkers/ConeTypeCompatibilityChecker.kt b/compiler/fir/checkers/src/org/jetbrains/kotlin/fir/analysis/checkers/ConeTypeCompatibilityChecker.kt
index 90cb46511da..a2561805d31 100644
--- a/compiler/fir/checkers/src/org/jetbrains/kotlin/fir/analysis/checkers/ConeTypeCompatibilityChecker.kt
+++ b/compiler/fir/checkers/src/org/jetbrains/kotlin/fir/analysis/checkers/ConeTypeCompatibilityChecker.kt
@@ -64,21 +64,17 @@ internal object ConeTypeCompatibilityChecker {
     }
 
     fun ConeInferenceContext.isCompatible(a: ConeKotlinType, b: ConeKotlinType): Compatibility {
-        val aUnwrap = unwrap(a)
-        val bUnwrap = unwrap(b)
-        if (aUnwrap.containsAll(bUnwrap) || bUnwrap.containsAll(aUnwrap)) {
-            return Compatibility.COMPATIBLE
+        if (a is ConeIntersectionType) {
+            return a.intersectedTypes.minOf { isCompatible(it, b) }
+        }
+        if (b is ConeIntersectionType) {
+            return b.intersectedTypes.minOf { isCompatible(a, it) }
         }
 
         val intersectionType = intersectTypesOrNull(listOf(a, b)) as? ConeIntersectionType ?: return Compatibility.COMPATIBLE
         return intersectionType.intersectedTypes.areCompatible(this)
     }
 
-    private fun unwrap(type: ConeKotlinType): Collection<ConeKotlinType> = when (type) {
-        is ConeIntersectionType -> type.intersectedTypes
-        else -> listOf(type)
-    }
-
     private fun Collection<ConeKotlinType>.areCompatible(ctx: ConeInferenceContext): Compatibility {
         // If all types are nullable, then `null` makes the given types compatible.
         if (all { with(ctx) { it.isNullableType() } }) return Compatibility.COMPATIBLE