Micron Technology Balance Sheet Health
Financial Health criteria checks 4/6
Micron Technology has a total shareholder equity of $43.9B and total debt of $12.0B, which brings its debt-to-equity ratio to 27.4%. Its total assets and total liabilities are $65.7B and $21.8B respectively.
Key information
27.4%
Debt to equity ratio
US$12.02b
Debt
Interest coverage ratio | n/a |
Cash | US$9.01b |
Equity | US$43.87b |
Total liabilities | US$21.85b |
Total assets | US$65.72b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MUTC34's short term assets ($23.4B) exceed its short term liabilities ($6.3B).
Long Term Liabilities: MUTC34's short term assets ($23.4B) exceed its long term liabilities ($15.6B).
Debt to Equity History and Analysis
Debt Level: MUTC34's net debt to equity ratio (6.9%) is considered satisfactory.
Reducing Debt: MUTC34's debt to equity ratio has increased from 15.5% to 27.4% over the past 5 years.
Debt Coverage: MUTC34's debt is well covered by operating cash flow (24.1%).
Interest Coverage: Insufficient data to determine if MUTC34's interest payments on its debt are well covered by EBIT.