Micron Technology Inc (MU)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 24,689,000 | 24,493,000 | 24,372,000 | 24,372,000 | 23,319,000 | 23,319,000 | 23,435,000 | 21,058,000 | 21,244,000 | 21,734,000 | 21,734,000 | 21,898,000 | 21,898,000 | 22,921,000 | 22,921,000 | 21,781,000 | 21,781,000 | 22,708,000 | 22,708,000 | 21,502,000 |
| 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 |
| Current ratio | 3.13 | 2.72 | 2.64 | 2.64 | 3.41 | 3.41 | 3.74 | 3.53 | 4.46 | 4.26 | 4.26 | 4.17 | 4.17 | 3.51 | 3.51 | 2.89 | 2.89 | 3.24 | 3.24 | 3.11 |
February 28, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $24,689,000K ÷ $7,877,000K
= 3.13
The current ratio of Micron Technology Inc has shown fluctuations over the reported periods, ranging from a low of 2.64 to a high of 4.46. The current ratio measures the company's ability to cover its short-term liabilities with its short-term assets. A higher current ratio indicates a stronger ability to meet short-term obligations.
Initially in 2022, the ratio hovered around 3, indicating a healthy liquidity position. However, in August 2022 and September 2022, the current ratio declined to 2.89, which may raise concerns about the company's short-term liquidity. Subsequently, the ratio improved significantly to 4.26 by June 2023, signaling a robust ability to cover short-term liabilities.
The ratio continued to be strong in the following periods but saw a decline in August 2024 to 2.64, suggesting a potential strain in meeting short-term obligations during that period. By November 2024, the ratio slightly improved to 2.72. In the latest reported period in February 2025, the current ratio increased to 3.13.
Overall, Micron Technology Inc has maintained a relatively healthy current ratio, with certain fluctuations indicating variations in short-term liquidity over the reported periods. It is important to monitor the current ratio over time to assess the company's ongoing ability to meet its short-term commitments.
Peer comparison
Feb 28, 2025