Micron Technology (WBO:MU) Equity-to-Asset : 0.67 (As of Feb. 2024)

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What is Micron Technology Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Micron Technology's Total Stockholders Equity for the quarter that ended in Feb. 2024 was €40,667 Mil. Micron Technology's Total Assets for the quarter that ended in Feb. 2024 was €60,921 Mil. Therefore, Micron Technology's Equity to Asset Ratio for the quarter that ended in Feb. 2024 was 0.67.

The historical rank and industry rank for Micron Technology's Equity-to-Asset or its related term are showing as below:

WBO:MU' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.44 Med: 0.69 Max: 0.76
Current: 0.67

During the past 13 years, the highest Equity to Asset Ratio of Micron Technology was 0.76. The lowest was 0.44. And the median was 0.69.

WBO:MU's Equity-to-Asset is ranked better than
56.44% of 1001 companies
in the Semiconductors industry
Industry Median: 0.63 vs WBO:MU: 0.67

Micron Technology Equity-to-Asset Historical Data

The historical data trend for Micron Technology's Equity-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.

* Premium members only.

Micron Technology Equity-to-Asset Chart

Micron Technology Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Equity-to-Asset

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0.73

0.75

0.69

Micron Technology Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Equity-to-Asset	Get a 7-Day Free Trial															0.71	0.69	0.69	0.67	0.67

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

For the Semiconductors subindustry, Micron Technology's Equity-to-Asset, along with its competitors' market caps and Equity-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 Equity-to-Asset Distribution in the Semiconductors Industry

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

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

Micron Technology Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

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

Equity to Asset (A: Aug. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	40458.04	/	58920.918
	=	0.69

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

Equity to Asset (Q: Feb. 2024 )	=	Total Stockholders Equity	/	Total Assets
	=	40667.49	/	60920.586
	=	0.67

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

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.

Micron Technology Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of Micron Technology's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Micron Technology (WBO:MU) Business Description

Industry

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