Microchip Technology Balance Sheet Health
Financial Health criteria checks 4/6
Microchip Technology has a total shareholder equity of $6.7B and total debt of $6.0B, which brings its debt-to-equity ratio to 90.1%. Its total assets and total liabilities are $15.9B and $9.2B respectively. Microchip Technology's EBIT is $2.6B making its interest coverage ratio 13.9. It has cash and short-term investments of $319.7M.
Key information
90.1%
Debt to equity ratio
US$6.00b
Debt
Interest coverage ratio | 13.9x |
Cash | US$319.70m |
Equity | US$6.66b |
Total liabilities | US$9.22b |
Total assets | US$15.87b |
Recent financial health updates
Is Microchip Technology (NASDAQ:MCHP) A Risky Investment?
Jan 29Does Microchip Technology (NASDAQ:MCHP) Have A Healthy Balance Sheet?
Oct 29Microchip Technology (NASDAQ:MCHP) Has A Rock Solid Balance Sheet
Jul 24Microchip Technology (NASDAQ:MCHP) Seems To Use Debt Rather Sparingly
Apr 24Recent updates
Microchip Technology Incorporated (NASDAQ:MCHP) Just Reported And Analysts Have Been Cutting Their Estimates
May 08Microchip Technology (NASDAQ:MCHP) Could Become A Multi-Bagger
Apr 28Here's Why We Think Microchip Technology (NASDAQ:MCHP) Might Deserve Your Attention Today
Apr 16A Look At The Intrinsic Value Of Microchip Technology Incorporated (NASDAQ:MCHP)
Apr 04Some Confidence Is Lacking In Microchip Technology Incorporated's (NASDAQ:MCHP) P/E
Mar 23Microchip: Bullish Stock Price On Analog Market Recovery
Mar 16Should You Think About Buying Microchip Technology Incorporated (NASDAQ:MCHP) Now?
Feb 29Microchip Technology's (NASDAQ:MCHP) Dividend Will Be Increased To $0.45
Feb 15Microchip Technology: Revenue Continues To Decline As Inventory Destocking Persists
Feb 12Analysts Just Shaved Their Microchip Technology Incorporated (NASDAQ:MCHP) Forecasts Dramatically
Feb 06Microchip: Still Digesting An Inventory Build Up
Feb 06Is Microchip Technology (NASDAQ:MCHP) A Risky Investment?
Jan 29Why The 26% Return On Capital At Microchip Technology (NASDAQ:MCHP) Should Have Your Attention
Jan 15A Look At The Fair Value Of Microchip Technology Incorporated (NASDAQ:MCHP)
Dec 17Is Now The Time To Put Microchip Technology (NASDAQ:MCHP) On Your Watchlist?
Dec 04Microchip Technology (NASDAQ:MCHP) Is Increasing Its Dividend To $0.439
Nov 20Why Microchip Technology Incorporated (NASDAQ:MCHP) Could Be Worth Watching
Nov 19Microchip Technology (NASDAQ:MCHP) Is Paying Out A Larger Dividend Than Last Year
Nov 06Does Microchip Technology (NASDAQ:MCHP) Have A Healthy Balance Sheet?
Oct 29A Look At The Fair Value Of Microchip Technology Incorporated (NASDAQ:MCHP)
Sep 16If EPS Growth Is Important To You, Microchip Technology (NASDAQ:MCHP) Presents An Opportunity
Sep 01Microchip Technology (NASDAQ:MCHP) Will Pay A Larger Dividend Than Last Year At $0.41
Aug 17At US$83.46, Is It Time To Put Microchip Technology Incorporated (NASDAQ:MCHP) On Your Watch List?
Aug 07Microchip Technology (NASDAQ:MCHP) Has A Rock Solid Balance Sheet
Jul 24Calculating The Fair Value Of Microchip Technology Incorporated (NASDAQ:MCHP)
Jun 11Microchip Technology (NASDAQ:MCHP) Is Investing Its Capital With Increasing Efficiency
May 28Microchip Technology (NASDAQ:MCHP) Is Increasing Its Dividend To $0.383
May 12Is Microchip Technology Incorporated (NASDAQ:MCHP) Potentially Undervalued?
May 08Microchip Technology (NASDAQ:MCHP) Seems To Use Debt Rather Sparingly
Apr 24Does Microchip Technology (NASDAQ:MCHP) Deserve A Spot On Your Watchlist?
Apr 09Should You Investigate Microchip Technology Incorporated (NASDAQ:MCHP) At US$85.34?
Feb 06Financial Position Analysis
Short Term Liabilities: MCHP's short term assets ($3.0B) exceed its short term liabilities ($2.5B).
Long Term Liabilities: MCHP's short term assets ($3.0B) do not cover its long term liabilities ($6.7B).
Debt to Equity History and Analysis
Debt Level: MCHP's net debt to equity ratio (85.3%) is considered high.
Reducing Debt: MCHP's debt to equity ratio has reduced from 194.9% to 90.1% over the past 5 years.
Debt Coverage: MCHP's debt is well covered by operating cash flow (52.9%).
Interest Coverage: MCHP's interest payments on its debt are well covered by EBIT (13.9x coverage).