Stock Analysis on Net
Stock Analysis on Net

Micron Technology Inc. (NASDAQ:MU)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity

Micron Technology Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity

Microsoft Excel
Aug 29, 2024 Aug 31, 2023 Sep 1, 2022 Sep 2, 2021 Sep 3, 2020 Aug 29, 2019
Accounts payable 3.93 2.68 3.23 2.96 4.08 3.43
Property, plant, and equipment 4.21 2.21 3.27 3.21 4.42 3.65
Salaries, wages, and benefits 1.61 0.57 1.32 1.67 1.58 1.42
Income and other taxes 0.31 0.10 0.63 0.62 0.44 0.63
Other 0.45 0.59 0.73 0.59 0.31 0.33
Accounts payable and accrued expenses 10.51% 6.16% 9.19% 9.05% 10.84% 9.46%
Current debt 0.62 0.43 0.16 0.26 0.50 2.68
Other current liabilities 2.19 0.82 2.03 1.60 1.02 0.93
Current liabilities 13.32% 7.42% 11.37% 10.92% 12.36% 13.07%
Long-term debt 18.68 20.31 10.26 11.25 11.87 9.29
Noncurrent operating lease liabilities 0.88 0.94 0.92 0.86 0.99 0.00
Noncurrent unearned government incentives 0.79 1.13 0.89 1.37 1.20 1.30
Other noncurrent liabilities 1.31 1.54 1.26 0.95 0.93 0.92
Noncurrent liabilities 21.66% 23.92% 13.33% 14.43% 14.99% 11.51%
Total liabilities 34.98% 31.34% 24.71% 25.35% 27.35% 24.59%
Redeemable noncontrolling interest 0.00 0.00 0.00 0.00 0.00 0.20
Common stock, $0.10 par value 0.18 0.19 0.19 0.21 0.22 0.24
Additional capital 17.45 17.18 15.38 16.06 16.61 16.80
Retained earnings 58.89 63.54 71.32 66.36 62.19 62.92
Treasury stock -11.31 -11.75 -10.75 -7.98 -6.51 -6.59
Accumulated other comprehensive income (loss) -0.19 -0.49 -0.84 0.00 0.13 0.02
Total Micron shareholders’ equity 65.02% 68.66% 75.29% 74.65% 72.65% 73.40%
Noncontrolling interest in subsidiary 0.00 0.00 0.00 0.00 0.00 1.82
Total equity 65.02% 68.66% 75.29% 74.65% 72.65% 75.21%
Total liabilities and equity 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2024-08-29), 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-09-01), 10-K (reporting date: 2021-09-02), 10-K (reporting date: 2020-09-03), 10-K (reporting date: 2019-08-29).

Balance sheet item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Micron Technology Inc. current liabilities as a percentage of total liabilities and equity decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.
Noncurrent liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Micron Technology Inc. noncurrent liabilities as a percentage of total liabilities and equity increased from 2022 to 2023 but then slightly decreased from 2023 to 2024.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Micron Technology Inc. total liabilities as a percentage of total liabilities and equity increased from 2022 to 2023 and from 2023 to 2024.
Total Micron shareholders’ equity Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Micron Technology Inc. total Micron shareholders’ equity as a percentage of total liabilities and equity decreased from 2022 to 2023 and from 2023 to 2024.