Micron Technology Inc (MU)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
August 29, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $45,131,000K
= 0.00
Based on the data provided, Micron Technology Inc has consistently maintained a debt-to-equity ratio of 0.00 over the past five years. This indicates that the company has not utilized any debt to finance its operations relative to its equity levels during this period. A debt-to-equity ratio of 0.00 suggests that the company's capital structure is primarily equity-funded, which may signify a conservative approach to managing its financial obligations. It is important to note, however, that a zero debt-to-equity ratio may not always be optimal as it could potentially limit the company's ability to leverage debt for strategic growth opportunities or tax benefits. Further analysis of the company's overall financial health and future plans would be necessary to assess the implications of this consistent ratio trend.
Peer comparison
Aug 29, 2024