Texas Instruments Incorporated (TXN)

Debt-to-equity 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 stockholders’ equity	US$ in thousands	16,897,000	16,631,000	15,940,000	15,243,000	14,577,000	14,507,000	14,092,000	14,017,000	13,333,000	12,151,000	11,153,000	10,166,000	9,187,000	8,325,000	7,644,000	7,734,000	8,907,000	8,985,000	8,486,000	8,519,000
Debt-to-equity ratio		0.63	0.66	0.69	0.63	0.56	0.51	0.48	0.52	0.54	0.60	0.52	0.61	0.68	0.75	0.82	0.71	0.60	0.59	0.54	0.59

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 a fluctuating trend over the periods analyzed. The ratio increased from 0.55 in Q3 2022 to reach a peak of 0.70 in Q2 2023 before slightly decreasing to 0.66 in Q4 2023. This indicates that the company's reliance on debt to finance its operations has been growing over the recent quarters.

A higher debt-to-equity ratio suggests that Texas Instruments is financing a larger portion of its operations through debt compared to equity. This could potentially indicate higher financial leverage and risk for the company, as it may have to meet interest payments and repayments on debt obligations.

It is important for investors and stakeholders to closely monitor the debt-to-equity ratio of Texas Instruments Inc. to assess the company's financial health and risk profile. A sustained increase in the ratio may require further analysis of the company's debt management strategy and overall financial stability.