Micron Technology Balance Sheet Health
Financial Health criteria checks 4/6
Micron Technology has a total shareholder equity of $44.2B and total debt of $11.3B, which brings its debt-to-equity ratio to 25.6%. Its total assets and total liabilities are $66.3B and $22.0B respectively.
Key information
25.6%
Debt to equity ratio
US$11.33b
Debt
Interest coverage ratio | n/a |
Cash | US$8.38b |
Equity | US$44.23b |
Total liabilities | US$22.03b |
Total assets | US$66.26b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MU's short term assets ($23.3B) exceed its short term liabilities ($6.8B).
Long Term Liabilities: MU's short term assets ($23.3B) exceed its long term liabilities ($15.2B).
Debt to Equity History and Analysis
Debt Level: MU's net debt to equity ratio (6.7%) is considered satisfactory.
Reducing Debt: MU's debt to equity ratio has increased from 11.7% to 25.6% over the past 5 years.
Debt Coverage: MU's debt is well covered by operating cash flow (47.2%).
Interest Coverage: Insufficient data to determine if MU's interest payments on its debt are well covered by EBIT.