Micron Technology Inc (MU)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 1.54 | 1.50 | 1.50 | 1.49 | 1.46 | 1.45 | 1.41 | 1.38 | 1.33 | 1.32 | 1.33 | 1.33 | 1.34 | 1.32 | 1.33 | 1.35 | 1.38 | 1.38 | 1.34 | 1.36 |
The solvency ratios of Micron Technology Inc, specifically the Debt-to-assets ratio, Debt-to-capital ratio, Debt-to-equity ratio, and Financial leverage ratio, have consistently remained at 0.00 over the given time period.
Additionally, the Financial leverage ratio has fluctuated slightly between 1.32 and 1.54, indicating that the company's reliance on debt financing has varied slightly during the period but has generally stayed at a moderate level.
Overall, based on the data provided, Micron Technology Inc appears to have a strong financial position with minimal debt relative to its assets, capital, and equity, as well as a moderate level of financial leverage. It suggests that the company has been effectively managing its debt levels and maintaining a healthy balance sheet structure. However, it's important to note that an analysis of other financial metrics and factors would provide a more comprehensive assessment of the company's solvency.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 7.41 | -2.13 | -7.02 | -13.14 | -13.58 | -7.73 | 10.11 | 36.19 | 51.66 | 58.47 | 51.74 | 45.03 | 35.18 | 24.81 | 19.32 | 17.79 | 16.29 | 14.52 | 15.34 | 27.63 |
The interest coverage ratio for Micron Technology Inc has varied over the past few quarters, indicating fluctuations in their ability to cover interest expenses with operating income.
In the most recent period, on August 29, 2024, the interest coverage ratio was 7.41, suggesting the company generated sufficient operating income to cover its interest obligations comfortably.
However, in previous periods such as May 30, 2024, and February 29, 2024, the interest coverage ratios were negative (-2.13 and -7.02 respectively), indicating that operating income was insufficient to cover interest expenses during those periods.
Over the longer term, the interest coverage ratios have shown some volatility, with the ratio improving significantly in some quarters (e.g., 58.47 in June 2, 2022) and deteriorating in others (e.g., -13.58 in August 31, 2023).
Overall, investors and creditors should closely monitor Micron Technology Inc's interest coverage ratio to assess the company's ability to meet its interest obligations and manage its financial leverage effectively.