Texas Instruments Incorporated (TXN)
Debt-to-equity ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 10,624,000 | 8,235,000 | 7,241,000 | 6,248,000 | 5,303,000 |
| Total stockholders’ equity | US$ in thousands | 16,897,000 | 14,577,000 | 13,333,000 | 9,187,000 | 8,907,000 |
| Debt-to-equity ratio | 0.63 | 0.56 | 0.54 | 0.68 | 0.60 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $10,624,000K ÷ $16,897,000K
= 0.63
The debt-to-equity ratio of Texas Instruments Inc. has shown some fluctuation over the past five years. In 2023, the ratio increased to 0.66 from 0.60 in 2022. This indicates that the company's reliance on debt to finance its operations has slightly increased compared to the previous year.
Looking at the trend over the past five years, we observe that the ratio was lowest in 2021 at 0.58, followed by an increase in 2022, and then a further increase in 2023. The highest ratio was observed in 2020 at 0.74.
Overall, the debt-to-equity ratio for Texas Instruments Inc. has generally remained within a moderate range over the past five years. It is important to closely monitor this ratio to ensure that the company maintains a healthy balance between debt and equity financing to support its growth and financial stability.
Peer comparison
Dec 31, 2023