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Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States, China, rest of Asia, Europe, Middle East, Africa, Japan,...
The following section summarizes insights on Texas Instruments Incorporated's Unadjusted EBIT:
To view the full list of supported financial metrics please see Complete Metrics Listing.
Metrics similar to Unadjusted EBIT in the financials category include:
Income before interest and taxes
Unadjusted EBIT for Texas Instruments is calculated as follows:
Earnings Before Taxes [ 5.453 B ]
(+) Net Interest Expense [ 508 M ]
(+) Non Operating Expenses [ -487 M ]
(=) Unadjusted EBIT [ 5.474 B ]
Unadjusted EBIT is defined as Earnings before Interest and Taxes including unusual items. It is a commonly used metric in valuation as a proxy for operating profitability. EBIT gives us a clearer picture of profitability when comparing companies with different levels of debt since it excludes interest expense.
Two companies that are otherwise similar may have different levels of debt. The company with higher debt will likely have higher interest expense and lower Net Income. Since EBITDA ignores interest expense, it is not directly affected by management’s financing decisions.
The amount of a tax a company pays each year is determined by a wide range of factors that does not always reflect the profitability of the company since the taxes a company is subject to reflects factors like political jurisdictions, past loss carryforwards, research and development tax credits, and depreciation on capital assets to name a few.
Unusual items consist of income or expenses included in a company’s income statement from events, which are unusual and infrequent in nature.
EBIT is most useful in ratios to benchmark profitability, growth, credit risk, and relative valution. Popular EBIT benchmark metrics include unadjusted ebit margin, unadjusted ebit growth, and ev / ebit.