Micron Technology Inc (MU)
Debt-to-capital ratio
| Aug 31, 2024 | Aug 29, 2024 | Aug 31, 2023 | Sep 1, 2022 | Aug 31, 2022 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 45,131,000 | 45,131,000 | 44,120,000 | 49,907,000 | 49,907,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
August 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $45,131,000K)
= 0.00
Based on the provided data for Micron Technology Inc, the debt-to-capital ratio has consistently been 0.00 across multiple years, including August 31, 2022, September 1, 2022, August 31, 2023, August 29, 2024, and August 31, 2024. A debt-to-capital ratio of 0.00 indicates that the company has not used any debt to finance its operations in relation to its total capital, which consists of both debt and equity. This suggests that the company has either no debt on its balance sheet or a minimal amount compared to its overall capital structure. A low or zero debt-to-capital ratio can be perceived positively as it signifies lower financial risk and less reliance on debt financing, which may enhance the company's financial stability and flexibility. It is essential to consider other financial metrics and factors in conjunction with the debt-to-capital ratio to gain a more comprehensive understanding of Micron Technology Inc's overall financial health and performance.
Peer comparison
Aug 31, 2024