Micron Technology Inc (MU)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
August 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $45,131,000K
= 0.00
Based on the data provided, the debt-to-equity ratio of Micron Technology Inc over the past few years has consistently been 0.00. This indicates that the company has been financing its operations primarily through equity rather than debt during these periods. A debt-to-equity ratio of 0.00 suggests that the company has no debt in its capital structure, which may signify a strong financial position with lower financial risk. It could also mean that the company has been using retained earnings or equity financing for its growth and investment activities, rather than taking on additional debt.
Peer comparison
Aug 31, 2024