Micron Technology Inc (MU)
Cash ratio
| Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | Aug 29, 2024 | May 31, 2024 | May 30, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | Jun 1, 2023 | May 31, 2023 | Mar 2, 2023 | Feb 28, 2023 | Dec 1, 2022 | Nov 30, 2022 | Sep 1, 2022 | Aug 31, 2022 | Jun 2, 2022 | May 31, 2022 | Mar 3, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 7,552,000 | 6,693,000 | 7,041,000 | 7,041,000 | 7,040,000 | 7,594,000 | 6,796,000 | 8,075,000 | 8,577,000 | 9,298,000 | 9,298,000 | 9,798,000 | 9,798,000 | 9,574,000 | 9,574,000 | 8,262,000 | 8,262,000 | 9,157,000 | 9,157,000 | 9,116,000 |
| Short-term investments | US$ in thousands | 663,000 | 895,000 | 1,065,000 | 1,065,000 | 1,339,000 | 785,000 | 2,210,000 | 973,000 | 1,017,000 | 1,054,000 | 1,054,000 | 1,020,000 | 1,020,000 | 1,007,000 | 1,007,000 | 1,069,000 | 1,069,000 | 1,070,000 | 1,070,000 | 1,006,000 |
| Total current liabilities | US$ in thousands | 7,877,000 | 9,015,000 | 9,248,000 | 9,248,000 | 6,840,000 | 6,840,000 | 6,259,000 | 5,962,000 | 4,765,000 | 5,104,000 | 5,104,000 | 5,255,000 | 5,255,000 | 6,525,000 | 6,525,000 | 7,539,000 | 7,539,000 | 7,009,000 | 7,009,000 | 6,918,000 |
| Cash ratio | 1.04 | 0.84 | 0.88 | 0.88 | 1.22 | 1.22 | 1.44 | 1.52 | 2.01 | 2.03 | 2.03 | 2.06 | 2.06 | 1.62 | 1.62 | 1.24 | 1.24 | 1.46 | 1.46 | 1.46 |
February 28, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($7,552,000K
+ $663,000K)
÷ $7,877,000K
= 1.04
The cash ratio of Micron Technology Inc, which measures the company's ability to cover its short-term liabilities with its cash and cash equivalents, has fluctuated over the period under review.
Starting at 1.46 in March 2022, the cash ratio remained stable at that level until August 2022. There was then a slight dip to 1.24 in August 2022 and September 2022. The ratio increased to 1.62 in November 2022 and remained at that level until March 2023, indicating a healthy liquidity position during this period.
There was a notable uptick in the cash ratio to 2.06 in February 2023, which was sustained until August 2023. This significant increase may suggest improved cash reserves or a decrease in short-term liabilities during this time frame.
From November 2023 onwards, the cash ratio experienced a decline, dropping to 1.52 in November 2023, 1.44 in February 2024, and further decreasing to 1.22 in May 2024. This decline could indicate increased short-term liabilities relative to cash reserves during those periods.
The cash ratio fell significantly to 0.88 in August 2024 and remained at that level until November 2024. There was a slight increase to 1.04 in February 2025, suggesting a temporary improvement in the company's liquidity position.
Overall, the fluctuation in Micron Technology Inc's cash ratio indicates varying levels of liquidity over the period, with some periods showing stronger cash reserves to cover short-term obligations while others indicating potential strain on liquidity. It is essential for investors and stakeholders to monitor these trends to assess the company's financial health and ability to meet its short-term obligations.
Peer comparison
Feb 28, 2025