Dollar Amounts
USD (Millions)
Balance sheet data in USD (millions)
Doing some research...
Over 2021–2024 Texas Instruments’ balance sheet shows material growth in scale: total assets rose from $24.7bn in 2021 to $35.5bn in 2024 (an increase of about $10.8bn or ~44%). Much of that growth occurred in 2023–2024. Total liabilities climbed more quickly, from $11.3bn to $18.6bn (+$7.3bn, ~64%), while stockholders’ equity increased more modestly from $13.3bn to $16.9bn (+$1.6bn, ~12%). As a result the company’s leverage increased — liabilities/assets rose from ~46% in 2021 to ~52% in 2024 and equity/assets fell from ~54% to ~48%. The faster rise in liabilities relative to equity suggests much of the asset expansion was debt- or liability-funded (or attributable to higher payables/other current liabilities), rather than retained earnings. The near-flat change in equity between 2023 and 2024 (roughly $16.9bn both years) is consistent with either limited net income retention or substantial capital returns (dividends/share buybacks), a pattern common in mature semiconductor firms like TI that invest in capex while returning cash to shareholders. One caveat: the 2025 row is zeroed and appears to be missing data, so trend analysis should be limited to 2021–2024. Overall, the balance sheet shows healthy growth in scale but a rising leverage profile that slightly increases financial risk even if still moderate for a capital-intensive industry.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.