Micron Technology Inc (MU)
Solvency ratios
| Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | Aug 29, 2024 | May 31, 2024 | May 30, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | Jun 1, 2023 | May 31, 2023 | Mar 2, 2023 | Feb 28, 2023 | Dec 1, 2022 | Nov 30, 2022 | Sep 1, 2022 | Aug 31, 2022 | Jun 2, 2022 | May 31, 2022 | Mar 3, 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets 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 |
| 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 |
| 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 |
| Financial leverage ratio | 1.50 | 1.53 | 1.54 | 1.54 | 1.50 | 1.50 | 1.50 | 1.49 | 1.46 | 1.45 | 1.45 | 1.41 | 1.41 | 1.38 | 1.38 | 1.33 | 1.33 | 1.32 | 1.32 | 1.33 |
Micron Technology Inc's solvency ratios indicate a strong financial position with consistently low debt ratios over the period analyzed. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio have all remained at 0.00, suggesting that the company has not relied significantly on debt to finance its operations and investments.
The Financial leverage ratio, which measures the extent of a company's financial risk due to debt, has shown a slight increasing trend over the period analyzed, starting at 1.33 in March 2022 and reaching 1.50 by February 2025. While this increase indicates a higher level of financial leverage, the overall ratio level is still moderate and manageable.
Overall, the solvency ratios of Micron Technology Inc demonstrate a stable and healthy financial structure with low debt levels and a manageable level of financial leverage. This suggests that the company has a strong capacity to meet its financial obligations and maintain financial stability in the long term.
Coverage ratios
| Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | Aug 29, 2024 | May 31, 2024 | May 30, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | Jun 1, 2023 | May 31, 2023 | Mar 2, 2023 | Feb 28, 2023 | Dec 1, 2022 | Nov 30, 2022 | Sep 1, 2022 | Aug 31, 2022 | Jun 2, 2022 | May 31, 2022 | Mar 3, 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 44.29 | 31.05 | 20.82 | 14.65 | 1.58 | -2.57 | -7.49 | -11.63 | -15.01 | -18.45 | -17.74 | -16.86 | -4.06 | 14.93 | 32.59 | 51.38 | 53.86 | 56.32 | 53.73 | 51.60 |
The interest coverage ratio is a key financial metric that indicates a company's ability to cover its interest expenses with its operating income. For Micron Technology Inc, the interest coverage ratio has fluctuated over the data period provided.
From March 3, 2022, to August 31, 2022, the interest coverage ratio remained relatively stable, ranging from 51.60 to 56.32, indicating a strong ability to cover interest expenses comfortably. However, there was a noticeable decline from November 30, 2022, to February 28, 2023, with the ratio dropping into negative territory, suggesting that the company's operating income was insufficient to cover its interest expenses during these periods.
The interest coverage ratio continued to be negative until May 31, 2024. However, from August 29, 2024, onwards, the ratio turned positive again, showing an improvement in the company's ability to cover its interest payments with its operating income.
Overall, fluctuations in the interest coverage ratio for Micron Technology Inc indicate varying levels of financial stability and the importance of closely monitoring the company's operating performance and debt obligations. Investors and analysts should pay attention to the trend of this ratio to assess the company's financial health and its ability to service its debt in the long term.