Texas Instruments Incorporated (TXN)

Debt-to-assets 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
Long-term debt	US$ in thousands	10,624,000	10,922,000	10,920,000	9,626,000	8,235,000	7,438,000	6,745,000	7,242,000	7,241,000	7,239,000	5,752,000	6,250,000	6,248,000	6,247,000	6,245,000	5,499,000	5,303,000	5,302,000	4,558,000	5,057,000
Total assets	US$ in thousands	32,348,000	31,638,000	30,939,000	29,220,000	27,207,000	26,057,000	24,723,000	25,276,000	24,676,000	23,273,000	20,603,000	19,639,000	19,351,000	18,207,000	17,445,000	17,283,000	18,018,000	17,992,000	17,384,000	17,443,000
Debt-to-assets ratio		0.33	0.35	0.35	0.33	0.30	0.29	0.27	0.29	0.29	0.31	0.28	0.32	0.32	0.34	0.36	0.32	0.29	0.29	0.26	0.29

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $10,624,000K ÷ $32,348,000K
= 0.33

The trend in Texas Instruments Inc.'s debt-to-assets ratio over the past eight quarters shows a relatively stable pattern with minimal fluctuations. The ratio has remained within a narrow range of 0.29 to 0.36, indicating a consistent level of leverage relative to its total assets.

The company's debt-to-assets ratio stood at 0.35 in the most recent quarter (Q4 2023), which suggests that 35% of its total assets are financed through debt. This level of leverage indicates that Texas Instruments relies moderately on debt to fund its operations and investments.

The consistent nature of the debt-to-assets ratio indicates that Texas Instruments has been maintaining a balanced debt structure relative to its asset base. It is important for investors and stakeholders to closely monitor this ratio over time to assess the company's overall financial health and risk profile.