Micron Technology Inc (MU)
Debt-to-capital ratio
| Aug 29, 2024 | Aug 31, 2023 | Sep 1, 2022 | Sep 2, 2021 | Sep 3, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 45,131,000 | 44,120,000 | 49,907,000 | 43,933,000 | 38,996,000 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
August 29, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $45,131,000K)
= 0.00
The debt-to-capital ratio for Micron Technology Inc has consistently been reported as 0.00 for the past five years, indicating that the company has not utilized any debt in its capital structure during this period. A debt-to-capital ratio of 0.00 suggests that the company is primarily funded through equity rather than debt, which may imply a lower financial risk profile due to the absence of interest payments and debt obligations. However, it is important to note that a low or zero debt-to-capital ratio may also limit the company's ability to leverage its capital structure for potential growth or investment opportunities. Further analysis of other financial ratios and disclosures may provide additional insights into Micron Technology Inc's overall financial health and capital management strategy.
Peer comparison
Aug 29, 2024