Micron Technology Inc (MU)

Debt-to-assets ratio

		Aug 31, 2024	Aug 29, 2024	Aug 31, 2023	Sep 1, 2022	Aug 31, 2022
Long-term debt	US$ in thousands	—	—	—	—	—
Total assets	US$ in thousands	69,416,000	69,416,000	64,254,000	66,283,000	66,283,000
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00

August 31, 2024 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $69,416,000K
= 0.00

The debt-to-assets ratio of Micron Technology Inc has consistently remained at 0.00 over the years, including on August 31, 2022, September 1, 2022, August 31, 2023, August 29, 2024, and August 31, 2024. This indicates that the company has not used debt financing to acquire its assets during these periods, implying a low level of financial risk associated with debt. The firm appears to have a strong financial position with a significant proportion of its assets financed by equity rather than debt, which could be viewed positively by investors and creditors.