Microchip Technology Balance Sheet Health
Financial Health criteria checks 3/6
Microchip Technology has a total shareholder equity of $7.1B and total debt of $5.7B, which brings its debt-to-equity ratio to 80.4%. Its total assets and total liabilities are $16.1B and $9.1B respectively. Microchip Technology's EBIT is $3.2B making its interest coverage ratio 17.2. It has cash and short-term investments of $281.0M.
Key information
80.4%
Debt to equity ratio
US$5.70b
Debt
| Interest coverage ratio | 17.2x |
| Cash | US$281.00m |
| Equity | US$7.08b |
| Total liabilities | US$9.06b |
| Total assets | US$16.14b |
Recent financial health updates
Is Microchip Technology (NASDAQ:MCHP) A Risky Investment?
Jan 29
Does 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 24Microchip Technology (NASDAQ:MCHP) Could Easily Take On More Debt
Jan 09Recent updates
Here'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 06A Look At The Fair Value Of Microchip Technology Incorporated (NASDAQ:MCHP)
Jan 24Microchip Technology (NASDAQ:MCHP) Could Easily Take On More Debt
Jan 09Should You Be Adding Microchip Technology (NASDAQ:MCHP) To Your Watchlist Today?
Dec 26Financial Position Analysis
Short Term Liabilities: MCHP's short term assets ($3.2B) do not cover its short term liabilities ($3.3B).
Long Term Liabilities: MCHP's short term assets ($3.2B) do not cover its long term liabilities ($5.8B).
Debt to Equity History and Analysis
Debt Level: MCHP's net debt to equity ratio (76.5%) is considered high.
Reducing Debt: MCHP's debt to equity ratio has reduced from 204.3% to 80.4% over the past 5 years.
Debt Coverage: MCHP's debt is well covered by operating cash flow (55.7%).
Interest Coverage: MCHP's interest payments on its debt are well covered by EBIT (17.2x coverage).