Texas Instruments Incorporated (TXN) Balance Sheet

NASDAQ: TXNAssets, liabilities, debt and equity over 10 years.

TXN balance sheet, 2025

December 31, 2025 · U.S. dollars

$34.59B assets = $18.31B liabilities + $16.27B equity

Both columns are drawn to the same scale: what TXN owns equals what it owes plus shareholders’ equity. Hover a block for its value.

TXN financial health

Current ratio4.35

Comfortable · current assets cover current liabilities 4.35×

Debt / equity0.95

Moderate leverage · $0.95 of debt for each $1 of equity

Equity / assets47.1%

Equity-funded · of assets funded by shareholders

Cash / debt31.7%

Low cash cover · cash & short-term investments vs total debt

Goodwill & intangibles13.2%

Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

TXN balance sheet trends, 2016–2025

Texas Instruments Incorporated balance sheet trends
Metric	Then	Latest	Change
Total assets	$16.43B2016	$34.59B2025	+8.6%/yr
Total liabilities	$5.96B2016	$18.31B2025	+13.3%/yr
Shareholders’ equity	$10.47B2016	$16.27B2025	+5.0%/yr
Cash & short-term investments	$3.49B2016	$4.88B2025	+3.8%/yr
Total debt	$3.61B2016	$15.39B2025	+17.5%/yr
Net cash (debt)	−$119.0M2016	−$10.51B2025	−$10.4B
Working capital	$5.19B2016	$10.59B2025	+$5.4B
Book value per share	$10.262016	$17.822025	+6.3%/yr
Current ratio	3.292016	4.352025	+1.06
Debt / equity	0.342016	0.952025	+0.60
Shares outstanding	1.02B2016	913.0M2025	−1.2%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

TXN assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

TXN liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

TXN debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

TXN balance sheet

Texas Instruments Incorporated annual balance sheet
	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash & short-term investments	$4.88B	$7.58B	$8.57B	$9.07B	$9.74B	$6.57B	$5.39B	$4.23B	$4.47B	$3.49B
Cash & equivalents	$3.23B	$3.20B	$2.96B	$3.05B	$4.63B	$3.11B	$2.44B	$2.44B	$1.66B	$1.15B
Short-term investments	$1.66B	$4.38B	$5.61B	$6.02B	$5.11B	$3.46B	$2.95B	$1.79B	$2.81B	$2.34B
Receivables	$1.96B	$1.72B	$1.79B	$1.90B	$1.70B	$1.41B	$1.07B	$1.21B	$1.28B	$1.27B
Inventory	$4.80B	$4.53B	$4.00B	$2.76B	$1.91B	$1.96B	$2.00B	$2.22B	$1.96B	$1.79B
Other current assets	$2.10B	$1.20B	$761.0M	$302.0M	$335.0M	$302.0M	$299.0M	$440.0M	$1.03B	$910.0M
Total current assets	$13.75B	$15.03B	$15.12B	$14.02B	$13.69B	$10.24B	$8.76B	$8.10B	$8.73B	$7.46B
Property, plant & equipment (net)	$12.32B	$11.35B	$10.00B	$6.88B	$5.14B	$3.27B	$3.30B	$3.18B	$2.66B	$2.51B
Goodwill & intangible assets	$4.57B	$4.62B	$4.58B	$4.51B	$4.45B	$4.64B	$4.77B	$5.08B	$5.42B	$5.68B
Long-term investments	$0	$0	$0	$0	$0	$49.0M	$300.0M	$251.0M	$268.0M	$235.0M
Other non-current assets	$3.95B	$4.52B	$2.64B	$1.80B	$1.40B	$1.16B	$883.0M	$527.0M	$558.0M	$549.0M
Total assets	$34.59B	$35.51B	$32.35B	$27.21B	$24.68B	$19.35B	$18.02B	$17.14B	$17.64B	$16.43B
Liabilities
Accounts payable	$756.0M	$820.0M	$802.0M	$851.0M	$571.0M	$415.0M	$388.0M	$478.0M	$466.0M	$396.0M
Short-term debt	$619.0M	$868.0M	$599.0M	$575.0M	$582.0M	$622.0M	$573.0M	$749.0M	$500.0M	$631.0M
Deferred revenue	—	—	$1.35B	—	—	—	—	$103.0M	$128.0M	$83.0M
Total current liabilities	$3.16B	$3.64B	$3.32B	$2.98B	$2.57B	$2.39B	$2.12B	$2.47B	$2.26B	$2.26B
Long-term debt	$13.55B	$12.85B	$10.62B	$8.23B	$7.24B	$6.25B	$5.30B	$4.32B	$3.58B	$2.98B
Lease obligations	—	—	—	$344.0M	$383.0M	$249.0M	$259.0M	—	—	—
Other long-term liabilities	$1.60B	$2.12B	$1.51B	$1.41B	$1.53B	$1.53B	$1.69B	$1.35B	$1.47B	$716.0M
Total liabilities	$18.31B	$18.61B	$15.45B	$12.63B	$11.34B	$10.16B	$9.11B	$8.14B	$7.30B	$5.96B
Shareholders' equity
Common stock & paid-in capital	$1.74B	$1.74B	$1.74B	$1.74B	$1.74B	$1.74B	$1.74B	$1.74B	$1.74B	$1.74B
Retained earnings (deficit)	$52.24B	$52.26B	$52.28B	$50.35B	$45.92B	$42.05B	$39.90B	$37.91B	$34.66B	$33.11B
Treasury stock	—	—	—	−$40.21B	−$36.80B	−$36.58B	−$34.49B	−$32.13B	−$27.46B	−$25.52B
Accumulated other comprehensive income	−$85.0M	−$140.0M	−$205.0M	−$254.0M	−$157.0M	−$360.0M	−$347.0M	−$473.0M	−$384.0M	−$526.0M
Minority interest	—	—	—	—	—	—	—	—	$0	$0
Total shareholders' equity	$16.27B	$16.90B	$16.90B	$14.58B	$13.33B	$9.19B	$8.91B	$8.99B	$10.34B	$10.47B
Key figures
Total debt	$15.39B	$15.04B	$11.22B	$9.50B	$8.21B	$7.12B	$6.13B	$5.07B	$4.08B	$3.61B
Net cash (debt)	−$10.51B	−$7.46B	−$2.65B	−$431.0M	$1.53B	−$551.0M	−$748.0M	−$835.0M	$392.0M	−$119.0M
Working capital	$10.59B	$11.38B	$11.80B	$11.04B	$11.12B	$7.85B	$6.64B	$5.62B	$6.48B	$5.19B
Tangible book value	$11.71B	$12.28B	$12.31B	$10.06B	$8.89B	$4.55B	$4.14B	$3.92B	$4.92B	$4.79B
Book value per share	$17.82	$18.39	$18.45	$15.74	$14.24	$9.85	$9.36	$9.08	$10.21	$10.26
Shares outstanding	913.0M	919.0M	916.0M	926.0M	936.0M	933.0M	952.0M	990.0M	1.01B	1.02B
Current ratio	4.35	4.12	4.55	4.70	5.33	4.28	4.13	3.27	3.87	3.29
Quick ratio	2.17	2.55	3.12	3.67	4.45	3.34	3.04	2.20	2.55	2.10
Debt / equity	0.95	0.89	0.66	0.65	0.62	0.77	0.69	0.56	0.39	0.34
Equity / assets	47.1%	47.6%	52.2%	53.6%	54.0%	47.5%	49.4%	52.5%	58.6%	63.7%

Texas Instruments Incorporated quarterly balance sheet
	Jun '26	Mar '26	Dec '25	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24	Mar '24	Dec '23	Sep '23
Assets
Cash & short-term investments	$7.00B	$5.10B	$4.88B	$5.19B	$5.36B	$5.00B	$7.58B	$8.75B	$9.69B	$10.39B	$8.57B	$8.95B
Cash & equivalents	$3.66B	$3.55B	$3.23B	$3.31B	$3.04B	$2.76B	$3.20B	$2.59B	$2.74B	$2.48B	$2.96B	$2.57B
Short-term investments	$3.34B	$1.55B	$1.66B	$1.88B	$2.31B	$2.24B	$4.38B	$6.16B	$6.95B	$7.91B	$5.61B	$6.38B
Receivables	$2.52B	$2.25B	$1.96B	$2.06B	$3.96B	$3.06B	$1.72B	$2.48B	$2.69B	$2.67B	$1.79B	$1.98B
Inventory	$4.61B	$4.70B	$4.80B	$4.83B	$4.81B	$4.69B	$4.53B	$4.30B	$4.11B	$4.08B	$4.00B	$3.91B
Other current assets	$1.63B	$1.75B	$2.10B	$1.80B	$354.0M	$339.0M	$1.20B	$341.0M	$303.0M	$302.0M	$761.0M	$265.0M
Total current assets	$15.76B	$13.80B	$13.75B	$13.88B	$14.48B	$13.09B	$15.03B	$15.87B	$16.79B	$17.45B	$15.12B	$15.10B
Property, plant & equipment (net)	$11.91B	$12.14B	$12.32B	$12.35B	$12.32B	$11.81B	$11.35B	$12.60B	$11.17B	$10.44B	$10.00B	$9.32B
Goodwill & intangible assets	$4.64B	$4.65B	$4.57B	$4.60B	$4.61B	$4.62B	$4.62B	$4.59B	$4.59B	$4.59B	$4.58B	$4.50B
Long-term investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Other non-current assets	$3.57B	$3.80B	$3.95B	$4.18B	$3.52B	$4.24B	$4.52B	$2.26B	$2.49B	$2.40B	$2.64B	$2.72B
Total assets	$35.88B	$34.39B	$34.59B	$35.00B	$34.93B	$33.76B	$35.51B	$35.32B	$35.05B	$34.88B	$32.35B	$31.64B
Liabilities
Accounts payable	$680.0M	$638.0M	$756.0M	$779.0M	$881.0M	$866.0M	$820.0M	$794.0M	$858.0M	$551.0M	$802.0M	$713.0M
Short-term debt	$1.15B	$1.15B	$619.0M	$500.0M	—	—	$868.0M	$1.05B	$1.05B	$1.35B	$687.0M	$300.0M
Deferred revenue	—	—	—	—	—	—	—	$108.0M	$178.0M	$378.0M	$172.0M	$108.0M
Total current liabilities	$3.24B	$3.10B	$3.16B	$3.12B	$2.49B	$2.49B	$3.64B	$3.69B	$3.64B	$3.55B	$3.32B	$2.65B
Long-term debt	$12.90B	$12.90B	$13.55B	$13.55B	$14.04B	$12.85B	$12.85B	$12.84B	$12.84B	$12.84B	$10.62B	$10.92B
Lease obligations	—	—	—	—	—	—	—	$681.0M	—	—	—	—
Other long-term liabilities	$1.73B	$1.62B	$1.60B	$1.71B	$2.00B	$2.01B	$2.12B	$1.52B	$1.35B	$1.51B	$1.51B	$1.43B
Total liabilities	$17.88B	$17.61B	$18.31B	$18.38B	$18.53B	$17.35B	$18.61B	$18.05B	$17.83B	$17.90B	$15.45B	$15.01B
Shareholders' equity
Common stock & paid-in capital	$1.74B	$1.74B	$1.74B	$1.74B	$1.74B	$1.74B	$1.74B	$1.74B	$1.74B	$1.74B	$1.74B	$1.74B
Retained earnings (deficit)	$53.16B	$52.48B	$52.24B	$52.37B	$52.25B	$52.20B	$52.26B	$52.30B	$52.13B	$52.20B	$52.28B	$52.10B
Accumulated other comprehensive income	−$83.0M	−$84.0M	−$85.0M	−$149.0M	−$156.0M	−$147.0M	−$140.0M	−$195.0M	−$200.0M	−$203.0M	−$205.0M	−$235.0M
Total shareholders' equity	$18.01B	$16.78B	$16.27B	$16.63B	$16.40B	$16.41B	$16.90B	$17.27B	$17.21B	$16.98B	$16.90B	$16.63B
Key figures
Total debt	$14.05B	$14.05B	$15.39B	$14.05B	$14.04B	$12.85B	$15.04B	$14.57B	$13.89B	$14.19B	$12.27B	$11.22B
Net cash (debt)	−$7.05B	−$8.95B	−$10.51B	−$8.86B	−$8.68B	−$7.84B	−$7.46B	−$5.82B	−$4.20B	−$3.80B	−$3.69B	−$2.27B
Working capital	$12.51B	$10.70B	$10.59B	$10.76B	$11.99B	$10.60B	$11.38B	$12.19B	$13.15B	$13.89B	$11.80B	$12.45B
Tangible book value	$13.36B	$12.12B	$11.71B	$12.03B	$11.79B	$11.78B	$12.28B	$12.68B	$12.62B	$12.39B	$12.31B	$12.13B
Book value per share	$19.57	$18.36	$17.82	$18.19	$17.99	$17.91	$18.39	$18.77	$18.73	$18.52	$18.47	$18.16
Shares outstanding	920.0M	914.0M	913.0M	914.0M	912.0M	916.0M	919.0M	920.0M	919.0M	917.0M	915.0M	916.0M
Current ratio	4.86	4.46	4.35	4.45	5.81	5.26	4.12	4.31	4.62	4.91	4.55	5.69
Quick ratio	2.93	2.37	2.17	2.32	3.74	3.24	2.55	3.05	3.40	3.68	3.12	4.12
Debt / equity	0.78	0.84	0.95	0.84	0.86	0.78	0.89	0.84	0.81	0.84	0.73	0.67
Equity / assets	50.2%	48.8%	47.1%	47.5%	47.0%	48.6%	47.6%	48.9%	49.1%	48.7%	52.2%	52.6%

Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 6, 2026); data from EODHD.

TXN financial position

At the end of fiscal 2025 (December 31, 2025), Texas Instruments had total assets of $34.6 billion (down 2.6% from a year earlier), total liabilities of $18.3 billion and shareholders' equity of $16.3 billion. It held $4.9 billion in cash and short-term investments against $15.4 billion of debt, net debt of $10.5 billion. Its current ratio was 4.35. In the latest quarter (ended June 30, 2026) total assets were $35.9 billion and equity $18.0 billion.

Related: TXN income statement, TXN cash flow statement, TXN key metrics. See the TXN stock overview for the latest quote and news.

TXN balance sheet FAQ

What are Texas Instruments's total assets?

Texas Instruments reported total assets of $34.6 billion at the end of fiscal 2025 (December 31, 2025), compared with $35.5 billion a year earlier.

How much debt does Texas Instruments have?

Texas Instruments had $15.4 billion of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.95.

How much cash does Texas Instruments have?

Texas Instruments held $4.9 billion in cash and short-term investments at the end of fiscal 2025; with $15.4 billion of debt that is net debt of $10.5 billion.

What is Texas Instruments's book value?

Texas Instruments's shareholders' equity (book value) was $16.3 billion at the end of fiscal 2025, or $17.82 per share.

What is Texas Instruments's current ratio?

Texas Instruments had current assets of $13.8 billion and current liabilities of $3.2 billion, a current ratio of 4.35 (it can cover its short-term obligations).

How much goodwill does Texas Instruments have?

Texas Instruments carried $4.6 billion of goodwill and intangible assets, 13.2% of total assets, at the end of fiscal 2025.