Micron Technology Inc (MU)
Debt-to-assets ratio
| Aug 29, 2024 | May 30, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | Jun 1, 2023 | Mar 2, 2023 | Dec 1, 2022 | Sep 1, 2022 | Jun 2, 2022 | Mar 3, 2022 | Dec 2, 2021 | Sep 2, 2021 | Jun 3, 2021 | Mar 4, 2021 | Dec 3, 2020 | Sep 3, 2020 | May 28, 2020 | Feb 27, 2020 | Nov 28, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 69,416,000 | 66,255,000 | 65,718,000 | 63,776,000 | 64,254,000 | 65,680,000 | 66,520,000 | 67,874,000 | 66,283,000 | 65,296,000 | 63,696,000 | 61,246,000 | 58,849,000 | 55,943,000 | 54,135,000 | 53,691,000 | 53,678,000 | 52,005,000 | 49,648,000 | 49,649,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 consistently been 0.00 for the past several quarters, indicating that the company has not used debt to finance its operations and investments. A debt-to-assets ratio of 0.00 means that the company's total debt is either extremely low or non-existent compared to its total assets. This suggests that Micron Technology Inc has been able to fund its operations and growth primarily through equity and retained earnings, which can be a positive sign of financial stability and lower financial risk. However, it could also mean that the company may not be taking advantage of potential tax benefits associated with debt financing. Overall, further analysis of the company's capital structure and financing decisions would be needed to fully assess the implications of a consistently low debt-to-assets ratio.
Peer comparison
Aug 29, 2024