Micron Technology (WBO:MU) Debt-to-Asset : 0.22 (As of Feb. 2024)

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What is Micron Technology Debt-to-Asset?

Micron Technology's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was €319 Mil. Micron Technology's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was €12,951 Mil. Micron Technology's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Feb. 2024 was €60,921 Mil. Micron Technology's debt to asset for the quarter that ended in Feb. 2024 was 0.22.

Micron Technology Debt-to-Asset Historical Data

The historical data trend for Micron Technology's Debt-to-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Micron Technology Debt-to-Asset Chart

Micron Technology Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Debt-to-Asset

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0.12

0.13

0.12

0.11

0.22

Micron Technology Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Asset	Get a 7-Day Free Trial															0.19	0.21	0.22	0.22	0.22

Competitive Comparison of Micron Technology's Debt-to-Asset

For the Semiconductors subindustry, Micron Technology's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Micron Technology's Debt-to-Asset Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Micron Technology's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Micron Technology's Debt-to-Asset falls into.

Micron Technology Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Micron Technology's Debt-to-Asset for the fiscal year that ended in Aug. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(254.926	+	12521.635)	/	58920.918
	=	0.22

Micron Technology's Debt-to-Asset for the quarter that ended in Feb. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(318.888	+	12951.117)	/	60920.586
	=	0.22

Micron Technology (WBO:MU) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Micron Technology Debt-to-Asset Related Terms

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Micron Technology (WBO:MU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Micron Technology Inc (WBO:MU) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

MU:USA MU:Peru MU:Mexico MU_KZ:Kazakhstan MU:Italy MTEd:UK 0R2T:UK MTE:Germany MUTC34:Brazil

Address

8000 South Federal Way, Post Office Box 6, Boise, ID, USA, 83716-9632

Website

https://www.micron.com

Micron is one of the largest semiconductor companies in the world, specializing in memory and storage chips. Its primary revenue stream comes from dynamic random access memory, or DRAM, and it also has minority exposure to not-and or NAND, flash chips. Micron serves a global customer base, selling chips into data centers, mobile phones, consumer electronics, and industrial and automotive applications. The firm is vertically integrated.