Microchip Technology Balance Sheet Health
Financial Health criteria checks 3/6
Microchip Technology has a total shareholder equity of $6.3B and total debt of $6.4B, which brings its debt-to-equity ratio to 102.3%. Its total assets and total liabilities are $15.6B and $9.3B respectively. Microchip Technology's EBIT is $1.1B making its interest coverage ratio 5.3. It has cash and short-term investments of $286.1M.
Key information
102.3%
Debt to equity ratio
US$6.42b
Debt
| Interest coverage ratio | 5.3x |
| Cash | US$286.10m |
| Equity | US$6.28b |
| Total liabilities | US$9.35b |
| Total assets | US$15.62b |
Recent financial health updates
Microchip Technology (NASDAQ:MCHP) Seems To Use Debt Quite Sensibly
Sep 04
We Think Microchip Technology (NASDAQ:MCHP) Can Stay On Top Of Its Debt
Jun 04Is Microchip Technology (NASDAQ:MCHP) A Risky Investment?
Jan 29Recent updates
Microchip Technology (NASDAQ:MCHP) Will Pay A Larger Dividend Than Last Year At $0.455
Nov 09When Should You Buy Microchip Technology Incorporated (NASDAQ:MCHP)?
Oct 28Momentum Is Gone From Microchip Technology
Oct 22Microchip Technology (NASDAQ:MCHP) Might Have The Makings Of A Multi-Bagger
Oct 01Microchip Technology (NASDAQ:MCHP) Seems To Use Debt Quite Sensibly
Sep 04Microchip Technology's (NASDAQ:MCHP) Dividend Will Be Increased To $0.454
Aug 20Downgrade: Here's How Analysts See Microchip Technology Incorporated (NASDAQ:MCHP) Performing In The Near Term
Aug 08Microchip: Cyclical Recovery Got Delayed, But I Still Think It's Near
Aug 06Microchip Technology (NASDAQ:MCHP) Is Increasing Its Dividend To $0.454
Aug 06Is It Too Late To Consider Buying Microchip Technology Incorporated (NASDAQ:MCHP)?
Jul 28There's Reason For Concern Over Microchip Technology Incorporated's (NASDAQ:MCHP) Price
Jul 15We Think Microchip Technology (NASDAQ:MCHP) Can Stay On Top Of Its Debt
Jun 04Microchip Technology: A Bottom Is Near
May 29Microchip Technology Incorporated (NASDAQ:MCHP) Just Reported And Analysts Have Been Cutting Their Estimates
May 08Microchip Technology (NASDAQ:MCHP) Could Become A Multi-Bagger
Apr 28Here'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 04Financial Position Analysis
Short Term Liabilities: MCHP's short term assets ($2.9B) do not cover its short term liabilities ($3.3B).
Long Term Liabilities: MCHP's short term assets ($2.9B) do not cover its long term liabilities ($6.1B).
Debt to Equity History and Analysis
Debt Level: MCHP's net debt to equity ratio (97.8%) is considered high.
Reducing Debt: MCHP's debt to equity ratio has reduced from 182.8% to 102.3% over the past 5 years.
Debt Coverage: MCHP's debt is well covered by operating cash flow (26.5%).
Interest Coverage: MCHP's interest payments on its debt are well covered by EBIT (5.3x coverage).