Micron Technology Balance Sheet Health
Financial Health criteria checks 5/6
Micron Technology has a total shareholder equity of $45.1B and total debt of $11.3B, which brings its debt-to-equity ratio to 25.1%. Its total assets and total liabilities are $69.4B and $24.3B respectively. Micron Technology's EBIT is $1.2B making its interest coverage ratio 37.8. It has cash and short-term investments of $8.1B.
Key information
25.1%
Debt to equity ratio
US$11.34b
Debt
| Interest coverage ratio | 37.8x |
| Cash | US$8.11b |
| Equity | US$45.13b |
| Total liabilities | US$24.29b |
| Total assets | US$69.42b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MTED's short term assets ($24.4B) exceed its short term liabilities ($9.2B).
Long Term Liabilities: MTED's short term assets ($24.4B) exceed its long term liabilities ($15.0B).
Debt to Equity History and Analysis
Debt Level: MTED's net debt to equity ratio (7.2%) is considered satisfactory.
Reducing Debt: MTED's debt to equity ratio has increased from 14.3% to 25.1% over the past 5 years.
Debt Coverage: MTED's debt is well covered by operating cash flow (75%).
Interest Coverage: MTED's interest payments on its debt are well covered by EBIT (37.8x coverage).