Texas Instruments Incorporated (TXN)
Cash ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 2,964,000 | 2,566,000 | 3,439,000 | 4,477,000 | 3,050,000 | 3,169,000 | 3,802,000 | 3,505,000 | 4,631,000 | 5,663,000 | 3,649,000 | 2,442,000 | 3,107,000 | 2,822,000 | 4,294,000 | 2,518,000 | 2,437,000 | 3,893,000 | 3,813,000 | 3,720,000 |
| Short-term investments | US$ in thousands | 5,611,000 | 6,382,000 | 6,113,000 | 5,068,000 | 6,017,000 | 5,921,000 | 4,585,000 | 6,320,000 | 5,108,000 | 4,119,000 | 3,741,000 | 4,244,000 | 3,461,000 | 2,696,000 | 666,000 | 2,224,000 | 2,950,000 | 1,174,000 | 405,000 | 366,000 |
| Total current liabilities | US$ in thousands | 3,320,000 | 2,652,000 | 2,711,000 | 2,904,000 | 2,985,000 | 2,798,000 | 2,560,000 | 2,528,000 | 2,569,000 | 2,413,000 | 2,201,000 | 1,700,000 | 2,390,000 | 2,185,000 | 2,163,000 | 2,381,000 | 2,123,000 | 2,007,000 | 2,646,000 | 2,159,000 |
| Cash ratio | 2.58 | 3.37 | 3.52 | 3.29 | 3.04 | 3.25 | 3.28 | 3.89 | 3.79 | 4.05 | 3.36 | 3.93 | 2.75 | 2.53 | 2.29 | 1.99 | 2.54 | 2.52 | 1.59 | 1.89 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($2,964,000K
+ $5,611,000K)
÷ $3,320,000K
= 2.58
The cash ratio of Texas Instruments Inc. has been fluctuating over the past eight quarters. The ratio measures the company's ability to cover its current liabilities with its cash and cash equivalents.
In Q1 2022, the cash ratio was at its highest at 4.02, indicating the company had ample cash to cover its short-term obligations. However, the ratio decreased in subsequent quarters, reaching a low of 2.81 in Q4 2023. This downward trend may indicate a potential strain on the company's liquidity position.
Overall, Texas Instruments Inc. has maintained a relatively healthy cash ratio above 2 in all quarters, indicating a solid ability to meet its short-term obligations with its available cash reserves. However, it is important for the company to closely monitor its liquidity position to ensure it can navigate any unforeseen challenges effectively.
Peer comparison
Dec 31, 2023