Micron Technology Balance Sheet Health
Financial Health criteria checks 6/6
Micron Technology has a total shareholder equity of $47.3B and total debt of $11.3B, which brings its debt-to-equity ratio to 24%. Its total assets and total liabilities are $66.5B and $19.3B respectively. Micron Technology's EBIT is $2.1B making its interest coverage ratio -39.9. It has cash and short-term investments of $10.8B.
Key information
24.0%
Debt to equity ratio
US$11.33b
Debt
Interest coverage ratio | -39.9x |
Cash | US$10.82b |
Equity | US$47.26b |
Total liabilities | US$19.26b |
Total assets | US$66.52b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MTE's short term assets ($21.9B) exceed its short term liabilities ($5.3B).
Long Term Liabilities: MTE's short term assets ($21.9B) exceed its long term liabilities ($14.0B).
Debt to Equity History and Analysis
Debt Level: MTE's net debt to equity ratio (1.1%) is considered satisfactory.
Reducing Debt: MTE's debt to equity ratio has reduced from 31.1% to 24% over the past 5 years.
Debt Coverage: MTE's debt is well covered by operating cash flow (78.5%).
Interest Coverage: MTE earns more interest than it pays, so coverage of interest payments is not a concern.