Current Ratio
since 2005
Calculation
Micron Technology Inc., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Aug 29, 2024 | 2.64 | = | 24,372) | ÷ | 9,248) |
| Aug 31, 2023 | 4.46 | = | 21,244) | ÷ | 4,765) |
| Sep 1, 2022 | 2.89 | = | 21,781) | ÷ | 7,539) |
| Sep 2, 2021 | 3.10 | = | 19,907) | ÷ | 6,424) |
| Sep 3, 2020 | 2.71 | = | 17,965) | ÷ | 6,635) |
| Aug 29, 2019 | 2.58 | = | 16,503) | ÷ | 6,390) |
| Aug 30, 2018 | 2.79 | = | 16,039) | ÷ | 5,754) |
| Aug 31, 2017 | 2.34 | = | 12,457) | ÷ | 5,334) |
| Sep 1, 2016 | 1.96 | = | 9,495) | ÷ | 4,835) |
| Sep 3, 2015 | 2.20 | = | 8,596) | ÷ | 3,905) |
| Aug 28, 2014 | 2.13 | = | 10,245) | ÷ | 4,811) |
| Aug 29, 2013 | 2.16 | = | 8,911) | ÷ | 4,125) |
| Aug 30, 2012 | 2.57 | = | 5,758) | ÷ | 2,243) |
| Sep 1, 2011 | 2.35 | = | 5,832) | ÷ | 2,480) |
| Sep 2, 2010 | 2.34 | = | 6,333) | ÷ | 2,702) |
| Sep 3, 2009 | 1.77 | = | 3,344) | ÷ | 1,892) |
| Aug 28, 2008 | 2.36 | = | 3,779) | ÷ | 1,598) |
| Aug 30, 2007 | 2.58 | = | 5,234) | ÷ | 2,026) |
| Aug 31, 2006 | 3.07 | = | 5,101) | ÷ | 1,661) |
| Sep 1, 2005 | 2.99 | = | 2,926) | ÷ | 979) |
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), 10-K (reporting date: 2018-08-30), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-09-01), 10-K (reporting date: 2015-09-03), 10-K (reporting date: 2014-08-28), 10-K (reporting date: 2013-08-29), 10-K (reporting date: 2012-08-30), 10-K (reporting date: 2011-09-01), 10-K (reporting date: 2010-09-02), 10-K (reporting date: 2009-09-03), 10-K (reporting date: 2008-08-28), 10-K (reporting date: 2007-08-30), 10-K (reporting date: 2006-08-31), 10-K (reporting date: 2005-09-01).
1 US$ in millions
Comparison to Competitors
Micron Technology Inc., current ratio, long-term trends, comparison to competitors
| Micron Technology Inc. | Advanced Micro Devices Inc. | Analog Devices Inc. | Applied Materials Inc. | Broadcom Inc. | First Solar Inc. | Intel Corp. | KLA Corp. | Lam Research Corp. | NVIDIA Corp. | Qualcomm Inc. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Aug 29, 2024 | 2.64 | — | — | — | — | — | — | 2.15 | 2.97 | 4.17 | 2.40 | — |
| Aug 31, 2023 | 4.46 | 2.51 | 1.37 | 2.60 | 2.82 | 3.55 | 1.54 | 2.24 | 3.16 | 3.52 | 2.33 | 4.55 |
| Sep 1, 2022 | 2.89 | 2.36 | 2.02 | 2.16 | 2.62 | 3.65 | 1.57 | 2.50 | 2.69 | 6.65 | 1.75 | 4.70 |
| Sep 2, 2021 | 3.10 | 2.02 | 1.94 | 2.54 | 2.64 | 4.39 | 2.10 | 2.71 | 3.30 | 4.09 | 1.68 | 5.33 |
| Sep 3, 2020 | 2.71 | 2.54 | 1.84 | 3.00 | 1.87 | 3.56 | 1.91 | 2.78 | 3.43 | 7.67 | 2.14 | 4.28 |
| Aug 29, 2019 | 2.58 | 1.95 | 1.32 | 2.30 | 1.44 | 2.73 | 1.40 | 2.44 | 3.61 | 7.94 | 1.88 | 4.13 |
| Aug 30, 2018 | 2.79 | 1.78 | 1.50 | 2.64 | 3.90 | 4.57 | 1.73 | 3.73 | 2.90 | 8.03 | 1.55 | 3.27 |
| Aug 31, 2017 | 2.34 | 1.76 | 1.47 | 3.14 | 6.26 | 5.89 | 1.69 | 3.40 | 3.10 | 4.77 | 4.00 | 3.87 |
| Sep 1, 2016 | 1.96 | 1.88 | 6.35 | 2.30 | 2.31 | 4.21 | 1.75 | 3.86 | 3.81 | 2.57 | 3.14 | 3.29 |
| Sep 3, 2015 | 2.20 | 1.65 | 3.66 | 2.44 | 3.37 | 3.48 | 2.58 | 3.90 | 2.38 | 6.38 | 3.62 | 2.77 |
| Aug 28, 2014 | 2.13 | 1.90 | 5.38 | 2.47 | 3.77 | 3.19 | 1.73 | 5.12 | 3.02 | 5.95 | 3.73 | 2.92 |
| Aug 29, 2013 | 2.16 | 1.78 | 9.59 | 2.31 | 4.30 | 2.39 | 2.36 | 5.05 | 2.70 | 4.89 | 3.75 | 2.92 |
| Aug 30, 2012 | 2.57 | 1.62 | 8.94 | 2.25 | 4.89 | 2.57 | 2.43 | 4.83 | 3.09 | 4.20 | 2.95 | 2.40 |
| Sep 1, 2011 | 2.35 | 1.82 | 8.35 | 3.71 | 3.98 | 2.68 | 2.15 | 4.17 | 4.79 | 3.42 | 2.70 | 2.24 |
| Sep 2, 2010 | 2.34 | 2.15 | 5.41 | 2.34 | 1.92 | 3.37 | 3.39 | 3.67 | 3.14 | 3.16 | 2.22 | 3.56 |
| Sep 3, 2009 | 1.77 | 1.93 | 6.44 | 2.93 | 1.36 | 3.42 | 2.79 | 4.25 | 3.51 | 2.78 | 4.47 | 3.85 |
| Aug 28, 2008 | 2.36 | 1.07 | 3.67 | 2.26 | — | 2.82 | 2.54 | 3.19 | 3.01 | 2.99 | 5.12 | 3.78 |
| Aug 30, 2007 | 2.58 | 1.45 | 3.61 | 2.78 | — | 4.30 | 2.79 | 3.03 | 2.11 | 3.18 | 3.91 | 3.42 |
| Aug 31, 2006 | 3.07 | 1.39 | 6.13 | 2.50 | — | 7.46 | 2.15 | 3.53 | 3.01 | 3.53 | 4.96 | 3.78 |
| Sep 1, 2005 | 2.99 | 1.95 | 4.56 | 5.35 | — | — | 2.30 | 3.44 | 3.28 | 3.10 | 7.28 | 3.92 |
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), 10-K (reporting date: 2018-08-30), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-09-01), 10-K (reporting date: 2015-09-03), 10-K (reporting date: 2014-08-28), 10-K (reporting date: 2013-08-29), 10-K (reporting date: 2012-08-30), 10-K (reporting date: 2011-09-01), 10-K (reporting date: 2010-09-02), 10-K (reporting date: 2009-09-03), 10-K (reporting date: 2008-08-28), 10-K (reporting date: 2007-08-30), 10-K (reporting date: 2006-08-31), 10-K (reporting date: 2005-09-01).
Comparison to Sector (Semiconductors & Semiconductor Equipment)
Micron Technology Inc., current ratio, long-term trends, comparison to sector (semiconductors & semiconductor equipment)
| Micron Technology Inc. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Aug 29, 2024 | 2.64 | — |
| Aug 31, 2023 | 4.46 | 2.46 |
| Sep 1, 2022 | 2.89 | 2.36 |
| Sep 2, 2021 | 3.10 | 2.48 |
| Sep 3, 2020 | 2.71 | 2.48 |
| Aug 29, 2019 | 2.58 | 2.06 |
| Aug 30, 2018 | 2.79 | 2.35 |
| Aug 31, 2017 | 2.34 | 2.94 |
| Sep 1, 2016 | 1.96 | 2.42 |
| Sep 3, 2015 | 2.20 | 2.84 |
| Aug 28, 2014 | 2.13 | 2.60 |
| Aug 29, 2013 | 2.16 | 2.84 |
| Aug 30, 2012 | 2.57 | 2.75 |
| Sep 1, 2011 | 2.35 | 2.67 |
| Sep 2, 2010 | 2.34 | 2.90 |
| Sep 3, 2009 | 1.77 | 3.01 |
| Aug 28, 2008 | 2.36 | 2.79 |
| Aug 30, 2007 | 2.58 | 2.82 |
| Aug 31, 2006 | 3.07 | 2.72 |
| Sep 1, 2005 | 2.99 | 3.22 |
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), 10-K (reporting date: 2018-08-30), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-09-01), 10-K (reporting date: 2015-09-03), 10-K (reporting date: 2014-08-28), 10-K (reporting date: 2013-08-29), 10-K (reporting date: 2012-08-30), 10-K (reporting date: 2011-09-01), 10-K (reporting date: 2010-09-02), 10-K (reporting date: 2009-09-03), 10-K (reporting date: 2008-08-28), 10-K (reporting date: 2007-08-30), 10-K (reporting date: 2006-08-31), 10-K (reporting date: 2005-09-01).
Comparison to Industry (Information Technology)
Micron Technology Inc., current ratio, long-term trends, comparison to industry (information technology)
| Micron Technology Inc. | Information Technology | |
|---|---|---|
| Aug 29, 2024 | 2.64 | — |
| Aug 31, 2023 | 4.46 | 1.46 |
| Sep 1, 2022 | 2.89 | 1.43 |
| Sep 2, 2021 | 3.10 | 1.64 |
| Sep 3, 2020 | 2.71 | 1.85 |
| Aug 29, 2019 | 2.58 | 1.77 |
| Aug 30, 2018 | 2.79 | 1.88 |
| Aug 31, 2017 | 2.34 | 2.04 |
| Sep 1, 2016 | 1.96 | 2.01 |
| Sep 3, 2015 | 2.20 | 2.03 |
| Aug 28, 2014 | 2.13 | 1.98 |
| Aug 29, 2013 | 2.16 | 2.20 |
| Aug 30, 2012 | 2.57 | 2.07 |
| Sep 1, 2011 | 2.35 | 2.11 |
| Sep 2, 2010 | 2.34 | 2.01 |
| Sep 3, 2009 | 1.77 | 2.04 |
| Aug 28, 2008 | 2.36 | 1.81 |
| Aug 30, 2007 | 2.58 | 1.79 |
| Aug 31, 2006 | 3.07 | 1.85 |
| Sep 1, 2005 | 2.99 | 2.01 |
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), 10-K (reporting date: 2018-08-30), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-09-01), 10-K (reporting date: 2015-09-03), 10-K (reporting date: 2014-08-28), 10-K (reporting date: 2013-08-29), 10-K (reporting date: 2012-08-30), 10-K (reporting date: 2011-09-01), 10-K (reporting date: 2010-09-02), 10-K (reporting date: 2009-09-03), 10-K (reporting date: 2008-08-28), 10-K (reporting date: 2007-08-30), 10-K (reporting date: 2006-08-31), 10-K (reporting date: 2005-09-01).