Micron Technology Inc (MU)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 45,131,000 | 44,225,000 | 43,870,000 | 42,885,000 | 44,120,000 | 45,405,000 | 47,257,000 | 49,306,000 | 49,907,000 | 49,281,000 | 47,845,000 | 45,908,000 | 43,933,000 | 42,259,000 | 40,663,000 | 39,907,000 | 38,996,000 | 37,820,000 | 37,023,000 | 36,500,000 |
| Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $45,131,000K)
= 0.00
The debt-to-capital ratio of Micron Technology Inc has consistently been reported as 0.00 in the financial statements for the dates provided. A debt-to-capital ratio of 0.00 indicates that the company has either no debt or a negligible amount of debt relative to its total capital. This could suggest that Micron Technology Inc has a strong financial position with a lower reliance on debt for funding its operations and investments. However, it is essential to note that a very low or zero debt-to-capital ratio may also indicate a conservative financial strategy or limited access to debt financing. Overall, the stability of the 0.00 debt-to-capital ratio for Micron Technology Inc over multiple periods suggests a consistent financial management approach regarding debt utilization.
Peer comparison
Aug 29, 2024