Micron Technology Inc (MU)
Debt-to-assets ratio
| Aug 29, 2024 | Aug 31, 2023 | Sep 1, 2022 | Sep 2, 2021 | Sep 3, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 69,416,000 | 64,254,000 | 66,283,000 | 58,849,000 | 53,678,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
August 29, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $69,416,000K
= 0.00
The debt-to-assets ratio for Micron Technology Inc has been consistently at 0.00 over the past five years, indicating that the company has not utilized debt to finance its operations and investments during this period. A debt-to-assets ratio of 0.00 means that the company's total assets are fully financed by equity rather than debt, suggesting a low level of financial risk in terms of debt obligations. This may reflect the company's prudent financial management strategy or strong cash flow generation, providing a solid financial foundation for the company's operations and potential growth opportunities.
Peer comparison
Aug 29, 2024