Micron Technology Balance Sheet Health
Financial Health criteria checks 5/6
Micron Technology has a total shareholder equity of $46.8B and total debt of $11.3B, which brings its debt-to-equity ratio to 24.2%. Its total assets and total liabilities are $71.5B and $24.7B respectively. Micron Technology's EBIT is $4.5B making its interest coverage ratio 103.4. It has cash and short-term investments of $7.6B.
Key information
24.2%
Debt to equity ratio
US$11.31b
Debt
| Interest coverage ratio | 103.4x |
| Cash | US$7.59b |
| Equity | US$46.80b |
| Total liabilities | US$24.66b |
| Total assets | US$71.46b |
Recent financial health updates
Does Micron Technology (NASDAQ:MU) Have A Healthy Balance Sheet?
Oct 15
Is Micron Technology (NASDAQ:MU) Using Too Much Debt?
May 30Recent updates
Micron Technology (NASDAQ:MU) Will Want To Turn Around Its Return Trends
Dec 18My Boldest Bet On Micron So Far: Why I'm Shorting This Stock Prior To Earnings
Dec 16Micron Is On A Mission To Penetrate The HBM Market - Buy It
Dec 10HBM Demand Is Surging Past Supply: Why Micron Is The Biggest Beneficiary
Dec 03Micron: Here's Why It Keeps Dropping And Here's Why I Keep Buying
Nov 20Micron: A Dip Worth Picking Up
Nov 07Micron's Resurgence Is Here To Stay (Technical Analysis)
Oct 24Micron Technology, Inc.'s (NASDAQ:MU) Shares Climb 26% But Its Business Is Yet to Catch Up
Oct 18Does Micron Technology (NASDAQ:MU) Have A Healthy Balance Sheet?
Oct 15Micron: Bullish Catalysts In Motion
Oct 13Micron Technology: The Market May Be Wrong
Oct 04Micron: Why Q4 Results Didn't Get Me Excited
Sep 28Micron's Stock Might Face A Steep Decline Following Q4 Results
Sep 22Micron: I Am Buying The Drop Hand Over Fist Before Q4
Sep 14Micron Technology, Inc.'s (NASDAQ:MU) Intrinsic Value Is Potentially 58% Above Its Share Price
Sep 11Micron Technology: DRAM And NAND Price Recovery Priced In (Rating Downgrade)
Aug 25Micron Is Dirt Cheap After The 45% Drop
Aug 13Micron: This Apple And NVIDIA Supplier Is An Undervalued AI Stock
Aug 06Micron Technology, Inc.'s (NASDAQ:MU) Shareholders Might Be Looking For Exit
Jul 31Micron: Strong Prospects For Secular And Cyclical Growth Are Coming Together
Jul 28Micron Taught Me 2 Lessons (Rating Upgrade)
Jul 18Micron: HBM3E Shipment Ramping Up From Q3, Expect Strong Revenue Growth
Jul 06Micron: Key Beneficiary Of AI But Too Richly Valued
Jun 30Micron Technology, Inc. (NASDAQ:MU) Analysts Are Pretty Bullish On The Stock After Recent Results
Jun 30Micron Q3 Earnings Preview: Stronger Than Expected Memory Recovery, Micron Remains A Buy
Jun 24Micron Technology Is Positioned For AI Factory Growth
Jun 17Micron Is Not A Bargain Despite The AI-Driven HBM Sensation
Jun 06Is Micron Technology (NASDAQ:MU) Using Too Much Debt?
May 30Micron: Quiet AI Powerhouse
May 20Micron: Stock Is Not Overvalued
May 13I'm Upgrading Micron To A Buy As It Wins The HBM Yield Race With SK Hynix
Apr 25Micron: Sell Cyclical Stock Near Cyclical High
Apr 14Micron: Gnashing Of Teeth As The Best Upcycle Develops (Rating Downgrade)
Apr 05Micron Technology, Inc.'s (NASDAQ:MU) Share Price Not Quite Adding Up
Apr 01Micron: Reasonable Valuation On Massive Tailwind
Mar 28Micron: HBM Is Sold Out In FY24/FY25 Thanks To AI Demand, Rating Maintained
Mar 21Micron Stock: After Nearly Doubling, It's Time To Take Profits (Technical Analysis)
Mar 13Micron: Please Don't Pay This Much For A Commodity Stock
Mar 07Financial Position Analysis
Short Term Liabilities: MU's short term assets ($24.5B) exceed its short term liabilities ($9.0B).
Long Term Liabilities: MU's short term assets ($24.5B) exceed its long term liabilities ($15.6B).
Debt to Equity History and Analysis
Debt Level: MU's net debt to equity ratio (7.9%) is considered satisfactory.
Reducing Debt: MU's debt to equity ratio has increased from 14% to 24.2% over the past 5 years.
Debt Coverage: MU's debt is well covered by operating cash flow (91.5%).
Interest Coverage: MU's interest payments on its debt are well covered by EBIT (103.4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 05:45 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/11/28 |
| Annual Earnings | 2024/08/29 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Micron Technology, Inc. is covered by 77 analysts. 31 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Warren Lau | Aletheia Analyst Network Limited |
| Nam Hyung Kim | Arete Research Services LLP |
| James Kelleher | Argus Research Company |