Micron Technology Inc (MU)
Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $45,131,000K
= 0.00
The debt-to-equity ratio of Micron Technology Inc has consistently been reported as 0.00 across multiple reporting periods. This indicates that the company has either no debt or very minimal debt compared to its equity. A debt-to-equity ratio of 0.00 typically suggests that the company is using more equity financing rather than debt financing to operate its business. This can be seen as a positive sign, as it implies a lower financial risk and a stronger financial position for the company. However, it's important to note that a low debt-to-equity ratio may also indicate potential limitations in leveraging opportunities for growth. Overall, the consistent 0.00 debt-to-equity ratio for Micron Technology Inc reflects a capital structure that is skewed towards equity financing, providing a relatively stable financial foundation.
Peer comparison
Aug 29, 2024