Analysis of Solvency Ratios
Quarterly Data
Solvency ratios also known as long-term debt ratios measure a company ability to meet long-term obligations.
Solvency Ratios (Summary)
Micron Technology Inc., solvency ratios (quarterly data)
Based on: 10-Q (reporting date: 2024-11-28), 10-K (reporting date: 2024-08-29), 10-Q (reporting date: 2024-05-30), 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-K (reporting date: 2023-08-31), 10-Q (reporting date: 2023-06-01), 10-Q (reporting date: 2023-03-02), 10-Q (reporting date: 2022-12-01), 10-K (reporting date: 2022-09-01), 10-Q (reporting date: 2022-06-02), 10-Q (reporting date: 2022-03-03), 10-Q (reporting date: 2021-12-02), 10-K (reporting date: 2021-09-02), 10-Q (reporting date: 2021-06-03), 10-Q (reporting date: 2021-03-04), 10-Q (reporting date: 2020-12-03), 10-K (reporting date: 2020-09-03), 10-Q (reporting date: 2020-05-28), 10-Q (reporting date: 2020-02-27), 10-Q (reporting date: 2019-11-28), 10-K (reporting date: 2019-08-29), 10-Q (reporting date: 2019-05-30), 10-Q (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-29).
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Micron Technology Inc. debt to equity ratio improved from Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025. |
| Debt to equity (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Micron Technology Inc. debt to equity ratio (including operating lease liability) improved from Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025. |
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Micron Technology Inc. debt to capital ratio improved from Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025. |
| Debt to capital (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | Micron Technology Inc. debt to capital ratio (including operating lease liability) improved from Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025. |
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Micron Technology Inc. debt to assets ratio improved from Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025. |
| Debt to assets (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Micron Technology Inc. debt to assets ratio (including operating lease liability) improved from Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025. |
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Micron Technology Inc. financial leverage ratio increased from Q3 2024 to Q4 2024 but then slightly decreased from Q4 2024 to Q1 2025. |
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Micron Technology Inc. interest coverage ratio improved from Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025. |
Debt to Equity
Micron Technology Inc., debt to equity calculation (quarterly data)
| Nov 28, 2024 | 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 | Aug 29, 2019 | May 30, 2019 | Feb 28, 2019 | Nov 29, 2018 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||
| Current debt | 533) | 431) | 398) | 344) | 908) | 278) | 259) | 237) | 171) | 103) | 107) | 123) | 118) | 155) | 297) | 323) | 273) | 270) | 330) | 237) | 462) | 1,310) | 1,346) | 2,634) | 398) | ||||||||
| Long-term debt | 13,252) | 12,966) | 12,860) | 13,378) | 12,597) | 13,052) | 12,986) | 12,037) | 10,094) | 6,803) | 6,856) | 6,953) | 6,904) | 6,621) | 6,418) | 6,298) | 6,356) | 6,373) | 6,356) | 5,188) | 5,188) | 4,541) | 3,563) | 3,604) | 3,734) | ||||||||
| Total debt | 13,785) | 13,397) | 13,258) | 13,722) | 13,505) | 13,330) | 13,245) | 12,274) | 10,265) | 6,906) | 6,963) | 7,076) | 7,022) | 6,776) | 6,715) | 6,621) | 6,629) | 6,643) | 6,686) | 5,425) | 5,650) | 5,851) | 4,909) | 6,238) | 4,132) | ||||||||
| Total Micron shareholders’ equity | 46,797) | 45,131) | 44,225) | 43,870) | 42,885) | 44,120) | 45,405) | 47,257) | 49,306) | 49,907) | 49,281) | 47,845) | 45,908) | 43,933) | 42,259) | 40,663) | 39,907) | 38,996) | 37,820) | 37,023) | 36,500) | 35,881) | 35,323) | 34,567) | 33,869) | ||||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||||
| Debt to equity1 | 0.29 | 0.30 | 0.30 | 0.31 | 0.31 | 0.30 | 0.29 | 0.26 | 0.21 | 0.14 | 0.14 | 0.15 | 0.15 | 0.15 | 0.16 | 0.16 | 0.17 | 0.17 | 0.18 | 0.15 | 0.15 | 0.16 | 0.14 | 0.18 | 0.12 | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||
| Debt to Equity, Competitors2 | |||||||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | — | — | 0.03 | 0.03 | 0.04 | 0.04 | 0.04 | 0.04 | 0.05 | 0.05 | 0.05 | 0.05 | 0.03 | 0.04 | 0.04 | 0.04 | 0.05 | 0.06 | 0.10 | 0.21 | 0.16 | 0.17 | 0.40 | 0.54 | 0.61 | ||||||||
| Analog Devices Inc. | — | 0.22 | 0.23 | 0.23 | 0.20 | 0.20 | 0.19 | 0.19 | 0.18 | 0.18 | 0.17 | 0.17 | 0.17 | 0.18 | 0.42 | 0.42 | 0.43 | 0.43 | 0.47 | 0.48 | 0.47 | 0.47 | 0.48 | 0.51 | 0.54 | ||||||||
| Applied Materials Inc. | — | 0.33 | 0.33 | 0.31 | 0.32 | 0.34 | 0.37 | 0.40 | 0.42 | 0.45 | 0.45 | 0.47 | 0.46 | 0.45 | 0.45 | 0.45 | 0.47 | 0.52 | 0.57 | 0.76 | 0.61 | 0.65 | 0.65 | 0.65 | 0.65 | ||||||||
| Broadcom Inc. | — | 1.00 | 1.07 | 1.06 | 1.08 | 1.64 | 1.78 | 1.79 | 1.69 | 1.74 | 1.89 | 1.88 | 1.72 | 1.59 | 1.66 | 1.69 | 1.75 | 1.72 | 1.87 | 1.92 | 1.84 | 1.32 | 1.75 | 1.69 | 1.62 | ||||||||
| First Solar Inc. | — | — | 0.08 | 0.08 | 0.09 | 0.08 | 0.08 | 0.07 | 0.05 | 0.03 | 0.04 | 0.03 | 0.04 | 0.04 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.09 | 0.09 | 0.09 | 0.09 | 0.09 | 0.11 | ||||||||
| Intel Corp. | — | — | 0.50 | 0.46 | 0.49 | 0.47 | 0.48 | 0.49 | 0.51 | 0.41 | 0.40 | 0.35 | 0.36 | 0.40 | 0.45 | 0.42 | 0.45 | 0.45 | 0.49 | 0.47 | 0.52 | 0.37 | 0.39 | 0.38 | 0.39 | ||||||||
| KLA Corp. | 1.86 | 1.97 | 2.14 | 1.94 | 1.97 | 2.02 | 2.20 | 2.35 | 3.00 | 4.75 | 0.91 | 0.85 | 0.89 | 1.02 | 1.11 | 1.18 | 1.25 | 1.30 | 1.49 | 1.27 | 1.29 | 1.29 | 1.20 | 1.40 | 1.43 | ||||||||
| Lam Research Corp. | 0.59 | 0.58 | 0.62 | 0.61 | 0.62 | 0.61 | 0.60 | 0.60 | 0.67 | 0.80 | 0.83 | 0.77 | 0.86 | 0.83 | 1.08 | 1.06 | 1.08 | 1.12 | 1.12 | 1.01 | 0.90 | 0.96 | 0.90 | 0.35 | 0.44 | ||||||||
| Monolithic Power Systems Inc. | — | — | 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 | 0.00 | 0.00 | 0.00 | ||||||||
| NVIDIA Corp. | 0.20 | 0.23 | 0.29 | 0.35 | 0.45 | 0.50 | 0.51 | 0.46 | 0.42 | 0.41 | 0.46 | 0.56 | 0.37 | 0.41 | 0.45 | 0.50 | 0.53 | 0.16 | 0.18 | 0.19 | 0.20 | 0.21 | 0.21 | 0.23 | 0.26 | ||||||||
| Qualcomm Inc. | — | 0.56 | 0.59 | 0.63 | 0.67 | 0.71 | 0.75 | 0.81 | 0.90 | 0.86 | 0.97 | 1.18 | 1.39 | 1.58 | 1.92 | 2.12 | 2.13 | 2.59 | 4.82 | 5.24 | 3.53 | 3.25 | 3.01 | 4.24 | 4.53 | ||||||||
| Texas Instruments Inc. | — | — | 0.80 | 0.81 | 0.84 | 0.66 | 0.67 | 0.70 | 0.66 | 0.60 | 0.55 | 0.51 | 0.55 | 0.58 | 0.64 | 0.56 | 0.61 | 0.74 | 0.82 | 0.89 | 0.85 | 0.65 | 0.65 | 0.68 | 0.68 | ||||||||
Based on: 10-Q (reporting date: 2024-11-28), 10-K (reporting date: 2024-08-29), 10-Q (reporting date: 2024-05-30), 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-K (reporting date: 2023-08-31), 10-Q (reporting date: 2023-06-01), 10-Q (reporting date: 2023-03-02), 10-Q (reporting date: 2022-12-01), 10-K (reporting date: 2022-09-01), 10-Q (reporting date: 2022-06-02), 10-Q (reporting date: 2022-03-03), 10-Q (reporting date: 2021-12-02), 10-K (reporting date: 2021-09-02), 10-Q (reporting date: 2021-06-03), 10-Q (reporting date: 2021-03-04), 10-Q (reporting date: 2020-12-03), 10-K (reporting date: 2020-09-03), 10-Q (reporting date: 2020-05-28), 10-Q (reporting date: 2020-02-27), 10-Q (reporting date: 2019-11-28), 10-K (reporting date: 2019-08-29), 10-Q (reporting date: 2019-05-30), 10-Q (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-29).
1 Q1 2025 Calculation
Debt to equity = Total debt ÷ Total Micron shareholders’ equity
= 13,785 ÷ 46,797 = 0.29
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity ratio | A solvency ratio calculated as total debt divided by total shareholders’ equity. | Micron Technology Inc. debt to equity ratio improved from Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025. |
Debt to Equity (including Operating Lease Liability)
Micron Technology Inc., debt to equity (including operating lease liability) calculation (quarterly data)
| Nov 28, 2024 | 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 | Aug 29, 2019 | May 30, 2019 | Feb 28, 2019 | Nov 29, 2018 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||
| Current debt | 533) | 431) | 398) | 344) | 908) | 278) | 259) | 237) | 171) | 103) | 107) | 123) | 118) | 155) | 297) | 323) | 273) | 270) | 330) | 237) | 462) | 1,310) | 1,346) | 2,634) | 398) | ||||||||
| Long-term debt | 13,252) | 12,966) | 12,860) | 13,378) | 12,597) | 13,052) | 12,986) | 12,037) | 10,094) | 6,803) | 6,856) | 6,953) | 6,904) | 6,621) | 6,418) | 6,298) | 6,356) | 6,373) | 6,356) | 5,188) | 5,188) | 4,541) | 3,563) | 3,604) | 3,734) | ||||||||
| Total debt | 13,785) | 13,397) | 13,258) | 13,722) | 13,505) | 13,330) | 13,245) | 12,274) | 10,265) | 6,906) | 6,963) | 7,076) | 7,022) | 6,776) | 6,715) | 6,621) | 6,629) | 6,643) | 6,686) | 5,425) | 5,650) | 5,851) | 4,909) | 6,238) | 4,132) | ||||||||
| Noncurrent operating lease liabilities | 588) | 610) | 609) | 593) | 601) | 603) | 603) | 610) | 625) | 610) | 629) | 535) | 523) | 504) | 513) | 528) | 529) | 533) | 540) | 548) | 511) | —) | —) | —) | —) | ||||||||
| Total debt (including operating lease liability) | 14,373) | 14,007) | 13,867) | 14,315) | 14,106) | 13,933) | 13,848) | 12,884) | 10,890) | 7,516) | 7,592) | 7,611) | 7,545) | 7,280) | 7,228) | 7,149) | 7,158) | 7,176) | 7,226) | 5,973) | 6,161) | 5,851) | 4,909) | 6,238) | 4,132) | ||||||||
| Total Micron shareholders’ equity | 46,797) | 45,131) | 44,225) | 43,870) | 42,885) | 44,120) | 45,405) | 47,257) | 49,306) | 49,907) | 49,281) | 47,845) | 45,908) | 43,933) | 42,259) | 40,663) | 39,907) | 38,996) | 37,820) | 37,023) | 36,500) | 35,881) | 35,323) | 34,567) | 33,869) | ||||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||||
| Debt to equity (including operating lease liability)1 | 0.31 | 0.31 | 0.31 | 0.33 | 0.33 | 0.32 | 0.30 | 0.27 | 0.22 | 0.15 | 0.15 | 0.16 | 0.16 | 0.17 | 0.17 | 0.18 | 0.18 | 0.18 | 0.19 | 0.16 | 0.17 | 0.16 | 0.14 | 0.18 | 0.12 | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||
| Debt to Equity (including Operating Lease Liability), Competitors2 | |||||||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | — | — | 0.04 | 0.04 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.06 | 0.04 | 0.09 | 0.08 | 0.08 | 0.09 | 0.09 | 0.15 | 0.27 | 0.23 | 0.24 | 0.49 | 0.65 | 0.73 | ||||||||
| NVIDIA Corp. | 0.22 | 0.25 | 0.32 | 0.39 | 0.49 | 0.54 | 0.55 | 0.49 | 0.44 | 0.44 | 0.49 | 0.60 | 0.40 | 0.45 | 0.49 | 0.54 | 0.57 | 0.21 | 0.22 | 0.24 | 0.25 | 0.21 | 0.21 | 0.23 | 0.26 | ||||||||
Based on: 10-Q (reporting date: 2024-11-28), 10-K (reporting date: 2024-08-29), 10-Q (reporting date: 2024-05-30), 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-K (reporting date: 2023-08-31), 10-Q (reporting date: 2023-06-01), 10-Q (reporting date: 2023-03-02), 10-Q (reporting date: 2022-12-01), 10-K (reporting date: 2022-09-01), 10-Q (reporting date: 2022-06-02), 10-Q (reporting date: 2022-03-03), 10-Q (reporting date: 2021-12-02), 10-K (reporting date: 2021-09-02), 10-Q (reporting date: 2021-06-03), 10-Q (reporting date: 2021-03-04), 10-Q (reporting date: 2020-12-03), 10-K (reporting date: 2020-09-03), 10-Q (reporting date: 2020-05-28), 10-Q (reporting date: 2020-02-27), 10-Q (reporting date: 2019-11-28), 10-K (reporting date: 2019-08-29), 10-Q (reporting date: 2019-05-30), 10-Q (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-29).
1 Q1 2025 Calculation
Debt to equity (including operating lease liability) = Total debt (including operating lease liability) ÷ Total Micron shareholders’ equity
= 14,373 ÷ 46,797 = 0.31
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to equity (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total shareholders’ equity. | Micron Technology Inc. debt to equity ratio (including operating lease liability) improved from Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025. |
Debt to Capital
Micron Technology Inc., debt to capital calculation (quarterly data)
| Nov 28, 2024 | 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 | Aug 29, 2019 | May 30, 2019 | Feb 28, 2019 | Nov 29, 2018 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||
| Current debt | 533) | 431) | 398) | 344) | 908) | 278) | 259) | 237) | 171) | 103) | 107) | 123) | 118) | 155) | 297) | 323) | 273) | 270) | 330) | 237) | 462) | 1,310) | 1,346) | 2,634) | 398) | ||||||||
| Long-term debt | 13,252) | 12,966) | 12,860) | 13,378) | 12,597) | 13,052) | 12,986) | 12,037) | 10,094) | 6,803) | 6,856) | 6,953) | 6,904) | 6,621) | 6,418) | 6,298) | 6,356) | 6,373) | 6,356) | 5,188) | 5,188) | 4,541) | 3,563) | 3,604) | 3,734) | ||||||||
| Total debt | 13,785) | 13,397) | 13,258) | 13,722) | 13,505) | 13,330) | 13,245) | 12,274) | 10,265) | 6,906) | 6,963) | 7,076) | 7,022) | 6,776) | 6,715) | 6,621) | 6,629) | 6,643) | 6,686) | 5,425) | 5,650) | 5,851) | 4,909) | 6,238) | 4,132) | ||||||||
| Total Micron shareholders’ equity | 46,797) | 45,131) | 44,225) | 43,870) | 42,885) | 44,120) | 45,405) | 47,257) | 49,306) | 49,907) | 49,281) | 47,845) | 45,908) | 43,933) | 42,259) | 40,663) | 39,907) | 38,996) | 37,820) | 37,023) | 36,500) | 35,881) | 35,323) | 34,567) | 33,869) | ||||||||
| Total capital | 60,582) | 58,528) | 57,483) | 57,592) | 56,390) | 57,450) | 58,650) | 59,531) | 59,571) | 56,813) | 56,244) | 54,921) | 52,930) | 50,709) | 48,974) | 47,284) | 46,536) | 45,639) | 44,506) | 42,448) | 42,150) | 41,732) | 40,232) | 40,805) | 38,001) | ||||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||||
| Debt to capital1 | 0.23 | 0.23 | 0.23 | 0.24 | 0.24 | 0.23 | 0.23 | 0.21 | 0.17 | 0.12 | 0.12 | 0.13 | 0.13 | 0.13 | 0.14 | 0.14 | 0.14 | 0.15 | 0.15 | 0.13 | 0.13 | 0.14 | 0.12 | 0.15 | 0.11 | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||
| Debt to Capital, Competitors2 | |||||||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | — | — | 0.03 | 0.03 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.05 | 0.03 | 0.04 | 0.04 | 0.04 | 0.05 | 0.05 | 0.09 | 0.17 | 0.14 | 0.15 | 0.29 | 0.35 | 0.38 | ||||||||
| Analog Devices Inc. | — | 0.18 | 0.19 | 0.19 | 0.16 | 0.16 | 0.16 | 0.16 | 0.15 | 0.15 | 0.15 | 0.14 | 0.14 | 0.15 | 0.30 | 0.30 | 0.30 | 0.30 | 0.32 | 0.33 | 0.32 | 0.32 | 0.33 | 0.34 | 0.35 | ||||||||
| Applied Materials Inc. | — | 0.25 | 0.25 | 0.23 | 0.24 | 0.25 | 0.27 | 0.29 | 0.30 | 0.31 | 0.31 | 0.32 | 0.31 | 0.31 | 0.31 | 0.31 | 0.32 | 0.34 | 0.36 | 0.43 | 0.38 | 0.39 | 0.40 | 0.39 | 0.39 | ||||||||
| Broadcom Inc. | — | 0.50 | 0.52 | 0.51 | 0.52 | 0.62 | 0.64 | 0.64 | 0.63 | 0.64 | 0.65 | 0.65 | 0.63 | 0.61 | 0.62 | 0.63 | 0.64 | 0.63 | 0.65 | 0.66 | 0.65 | 0.57 | 0.64 | 0.63 | 0.62 | ||||||||
| First Solar Inc. | — | — | 0.07 | 0.07 | 0.08 | 0.08 | 0.07 | 0.07 | 0.05 | 0.03 | 0.04 | 0.03 | 0.04 | 0.04 | 0.05 | 0.05 | 0.04 | 0.05 | 0.05 | 0.08 | 0.08 | 0.08 | 0.08 | 0.09 | 0.10 | ||||||||
| Intel Corp. | — | — | 0.34 | 0.32 | 0.33 | 0.32 | 0.32 | 0.33 | 0.34 | 0.29 | 0.28 | 0.26 | 0.27 | 0.29 | 0.31 | 0.29 | 0.31 | 0.31 | 0.33 | 0.32 | 0.34 | 0.27 | 0.28 | 0.28 | 0.28 | ||||||||
| KLA Corp. | 0.65 | 0.66 | 0.68 | 0.66 | 0.66 | 0.67 | 0.69 | 0.70 | 0.75 | 0.83 | 0.48 | 0.46 | 0.47 | 0.50 | 0.52 | 0.54 | 0.55 | 0.57 | 0.60 | 0.56 | 0.56 | 0.56 | 0.55 | 0.58 | 0.59 | ||||||||
| Lam Research Corp. | 0.37 | 0.37 | 0.38 | 0.38 | 0.38 | 0.38 | 0.37 | 0.38 | 0.40 | 0.44 | 0.45 | 0.44 | 0.46 | 0.45 | 0.52 | 0.51 | 0.52 | 0.53 | 0.53 | 0.50 | 0.47 | 0.49 | 0.47 | 0.26 | 0.31 | ||||||||
| Monolithic Power Systems Inc. | — | — | 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 | 0.00 | 0.00 | 0.00 | ||||||||
| NVIDIA Corp. | 0.16 | 0.18 | 0.23 | 0.26 | 0.31 | 0.33 | 0.34 | 0.31 | 0.29 | 0.29 | 0.32 | 0.36 | 0.27 | 0.29 | 0.31 | 0.33 | 0.35 | 0.14 | 0.15 | 0.16 | 0.17 | 0.18 | 0.17 | 0.19 | 0.21 | ||||||||
| Qualcomm Inc. | — | 0.36 | 0.37 | 0.39 | 0.40 | 0.42 | 0.43 | 0.45 | 0.47 | 0.46 | 0.49 | 0.54 | 0.58 | 0.61 | 0.66 | 0.68 | 0.68 | 0.72 | 0.83 | 0.84 | 0.78 | 0.76 | 0.75 | 0.81 | 0.82 | ||||||||
| Texas Instruments Inc. | — | — | 0.45 | 0.45 | 0.46 | 0.40 | 0.40 | 0.41 | 0.40 | 0.37 | 0.35 | 0.34 | 0.36 | 0.37 | 0.39 | 0.36 | 0.38 | 0.43 | 0.45 | 0.47 | 0.46 | 0.39 | 0.39 | 0.41 | 0.41 | ||||||||
Based on: 10-Q (reporting date: 2024-11-28), 10-K (reporting date: 2024-08-29), 10-Q (reporting date: 2024-05-30), 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-K (reporting date: 2023-08-31), 10-Q (reporting date: 2023-06-01), 10-Q (reporting date: 2023-03-02), 10-Q (reporting date: 2022-12-01), 10-K (reporting date: 2022-09-01), 10-Q (reporting date: 2022-06-02), 10-Q (reporting date: 2022-03-03), 10-Q (reporting date: 2021-12-02), 10-K (reporting date: 2021-09-02), 10-Q (reporting date: 2021-06-03), 10-Q (reporting date: 2021-03-04), 10-Q (reporting date: 2020-12-03), 10-K (reporting date: 2020-09-03), 10-Q (reporting date: 2020-05-28), 10-Q (reporting date: 2020-02-27), 10-Q (reporting date: 2019-11-28), 10-K (reporting date: 2019-08-29), 10-Q (reporting date: 2019-05-30), 10-Q (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-29).
1 Q1 2025 Calculation
Debt to capital = Total debt ÷ Total capital
= 13,785 ÷ 60,582 = 0.23
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital ratio | A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. | Micron Technology Inc. debt to capital ratio improved from Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025. |
Debt to Capital (including Operating Lease Liability)
Micron Technology Inc., debt to capital (including operating lease liability) calculation (quarterly data)
| Nov 28, 2024 | 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 | Aug 29, 2019 | May 30, 2019 | Feb 28, 2019 | Nov 29, 2018 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||
| Current debt | 533) | 431) | 398) | 344) | 908) | 278) | 259) | 237) | 171) | 103) | 107) | 123) | 118) | 155) | 297) | 323) | 273) | 270) | 330) | 237) | 462) | 1,310) | 1,346) | 2,634) | 398) | ||||||||
| Long-term debt | 13,252) | 12,966) | 12,860) | 13,378) | 12,597) | 13,052) | 12,986) | 12,037) | 10,094) | 6,803) | 6,856) | 6,953) | 6,904) | 6,621) | 6,418) | 6,298) | 6,356) | 6,373) | 6,356) | 5,188) | 5,188) | 4,541) | 3,563) | 3,604) | 3,734) | ||||||||
| Total debt | 13,785) | 13,397) | 13,258) | 13,722) | 13,505) | 13,330) | 13,245) | 12,274) | 10,265) | 6,906) | 6,963) | 7,076) | 7,022) | 6,776) | 6,715) | 6,621) | 6,629) | 6,643) | 6,686) | 5,425) | 5,650) | 5,851) | 4,909) | 6,238) | 4,132) | ||||||||
| Noncurrent operating lease liabilities | 588) | 610) | 609) | 593) | 601) | 603) | 603) | 610) | 625) | 610) | 629) | 535) | 523) | 504) | 513) | 528) | 529) | 533) | 540) | 548) | 511) | —) | —) | —) | —) | ||||||||
| Total debt (including operating lease liability) | 14,373) | 14,007) | 13,867) | 14,315) | 14,106) | 13,933) | 13,848) | 12,884) | 10,890) | 7,516) | 7,592) | 7,611) | 7,545) | 7,280) | 7,228) | 7,149) | 7,158) | 7,176) | 7,226) | 5,973) | 6,161) | 5,851) | 4,909) | 6,238) | 4,132) | ||||||||
| Total Micron shareholders’ equity | 46,797) | 45,131) | 44,225) | 43,870) | 42,885) | 44,120) | 45,405) | 47,257) | 49,306) | 49,907) | 49,281) | 47,845) | 45,908) | 43,933) | 42,259) | 40,663) | 39,907) | 38,996) | 37,820) | 37,023) | 36,500) | 35,881) | 35,323) | 34,567) | 33,869) | ||||||||
| Total capital (including operating lease liability) | 61,170) | 59,138) | 58,092) | 58,185) | 56,991) | 58,053) | 59,253) | 60,141) | 60,196) | 57,423) | 56,873) | 55,456) | 53,453) | 51,213) | 49,487) | 47,812) | 47,065) | 46,172) | 45,046) | 42,996) | 42,661) | 41,732) | 40,232) | 40,805) | 38,001) | ||||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||||
| Debt to capital (including operating lease liability)1 | 0.23 | 0.24 | 0.24 | 0.25 | 0.25 | 0.24 | 0.23 | 0.21 | 0.18 | 0.13 | 0.13 | 0.14 | 0.14 | 0.14 | 0.15 | 0.15 | 0.15 | 0.16 | 0.16 | 0.14 | 0.14 | 0.14 | 0.12 | 0.15 | 0.11 | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||
| Debt to Capital (including Operating Lease Liability), Competitors2 | |||||||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | — | — | 0.04 | 0.04 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.04 | 0.08 | 0.08 | 0.07 | 0.08 | 0.08 | 0.13 | 0.21 | 0.19 | 0.20 | 0.33 | 0.40 | 0.42 | ||||||||
| NVIDIA Corp. | 0.18 | 0.20 | 0.25 | 0.28 | 0.33 | 0.35 | 0.35 | 0.33 | 0.31 | 0.31 | 0.33 | 0.37 | 0.29 | 0.31 | 0.33 | 0.35 | 0.36 | 0.17 | 0.18 | 0.19 | 0.20 | 0.18 | 0.17 | 0.19 | 0.21 | ||||||||
Based on: 10-Q (reporting date: 2024-11-28), 10-K (reporting date: 2024-08-29), 10-Q (reporting date: 2024-05-30), 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-K (reporting date: 2023-08-31), 10-Q (reporting date: 2023-06-01), 10-Q (reporting date: 2023-03-02), 10-Q (reporting date: 2022-12-01), 10-K (reporting date: 2022-09-01), 10-Q (reporting date: 2022-06-02), 10-Q (reporting date: 2022-03-03), 10-Q (reporting date: 2021-12-02), 10-K (reporting date: 2021-09-02), 10-Q (reporting date: 2021-06-03), 10-Q (reporting date: 2021-03-04), 10-Q (reporting date: 2020-12-03), 10-K (reporting date: 2020-09-03), 10-Q (reporting date: 2020-05-28), 10-Q (reporting date: 2020-02-27), 10-Q (reporting date: 2019-11-28), 10-K (reporting date: 2019-08-29), 10-Q (reporting date: 2019-05-30), 10-Q (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-29).
1 Q1 2025 Calculation
Debt to capital (including operating lease liability) = Total debt (including operating lease liability) ÷ Total capital (including operating lease liability)
= 14,373 ÷ 61,170 = 0.23
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to capital (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total debt (including operating lease liability) plus shareholders’ equity. | Micron Technology Inc. debt to capital ratio (including operating lease liability) improved from Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025. |
Debt to Assets
Micron Technology Inc., debt to assets calculation (quarterly data)
| Nov 28, 2024 | 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 | Aug 29, 2019 | May 30, 2019 | Feb 28, 2019 | Nov 29, 2018 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||
| Current debt | 533) | 431) | 398) | 344) | 908) | 278) | 259) | 237) | 171) | 103) | 107) | 123) | 118) | 155) | 297) | 323) | 273) | 270) | 330) | 237) | 462) | 1,310) | 1,346) | 2,634) | 398) | ||||||||
| Long-term debt | 13,252) | 12,966) | 12,860) | 13,378) | 12,597) | 13,052) | 12,986) | 12,037) | 10,094) | 6,803) | 6,856) | 6,953) | 6,904) | 6,621) | 6,418) | 6,298) | 6,356) | 6,373) | 6,356) | 5,188) | 5,188) | 4,541) | 3,563) | 3,604) | 3,734) | ||||||||
| Total debt | 13,785) | 13,397) | 13,258) | 13,722) | 13,505) | 13,330) | 13,245) | 12,274) | 10,265) | 6,906) | 6,963) | 7,076) | 7,022) | 6,776) | 6,715) | 6,621) | 6,629) | 6,643) | 6,686) | 5,425) | 5,650) | 5,851) | 4,909) | 6,238) | 4,132) | ||||||||
| Total assets | 71,461) | 69,416) | 66,255) | 65,718) | 63,776) | 64,254) | 65,680) | 66,520) | 67,874) | 66,283) | 65,296) | 63,696) | 61,246) | 58,849) | 55,943) | 54,135) | 53,691) | 53,678) | 52,005) | 49,648) | 49,649) | 48,887) | 46,288) | 47,487) | 44,595) | ||||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||||
| Debt to assets1 | 0.19 | 0.19 | 0.20 | 0.21 | 0.21 | 0.21 | 0.20 | 0.18 | 0.15 | 0.10 | 0.11 | 0.11 | 0.11 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.13 | 0.11 | 0.11 | 0.12 | 0.11 | 0.13 | 0.09 | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||
| Debt to Assets, Competitors2 | |||||||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | — | — | 0.02 | 0.03 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.04 | 0.05 | 0.10 | 0.08 | 0.08 | 0.17 | 0.20 | 0.22 | ||||||||
| Analog Devices Inc. | — | 0.16 | 0.17 | 0.16 | 0.14 | 0.14 | 0.14 | 0.14 | 0.13 | 0.13 | 0.12 | 0.12 | 0.12 | 0.13 | 0.24 | 0.24 | 0.24 | 0.24 | 0.26 | 0.26 | 0.26 | 0.26 | 0.26 | 0.27 | 0.29 | ||||||||
| Applied Materials Inc. | — | 0.18 | 0.19 | 0.17 | 0.18 | 0.18 | 0.19 | 0.19 | 0.20 | 0.20 | 0.21 | 0.21 | 0.21 | 0.21 | 0.22 | 0.23 | 0.23 | 0.24 | 0.26 | 0.31 | 0.27 | 0.28 | 0.28 | 0.28 | 0.28 | ||||||||
| Broadcom Inc. | — | 0.41 | 0.42 | 0.42 | 0.43 | 0.54 | 0.55 | 0.55 | 0.54 | 0.54 | 0.55 | 0.55 | 0.54 | 0.53 | 0.53 | 0.54 | 0.54 | 0.54 | 0.56 | 0.56 | 0.55 | 0.49 | 0.54 | 0.53 | 0.52 | ||||||||
| First Solar Inc. | — | — | 0.05 | 0.05 | 0.06 | 0.05 | 0.05 | 0.05 | 0.04 | 0.02 | 0.03 | 0.02 | 0.03 | 0.03 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.07 | 0.07 | 0.06 | 0.07 | 0.07 | 0.08 | ||||||||
| Intel Corp. | — | — | 0.26 | 0.26 | 0.27 | 0.26 | 0.26 | 0.26 | 0.27 | 0.23 | 0.23 | 0.21 | 0.21 | 0.23 | 0.24 | 0.23 | 0.24 | 0.24 | 0.25 | 0.25 | 0.27 | 0.21 | 0.22 | 0.22 | 0.22 | ||||||||
| KLA Corp. | 0.42 | 0.43 | 0.44 | 0.41 | 0.42 | 0.42 | 0.43 | 0.45 | 0.48 | 0.53 | 0.31 | 0.29 | 0.31 | 0.34 | 0.35 | 0.35 | 0.37 | 0.37 | 0.39 | 0.37 | 0.37 | 0.38 | 0.37 | 0.40 | 0.40 | ||||||||
| Lam Research Corp. | 0.26 | 0.27 | 0.27 | 0.27 | 0.27 | 0.27 | 0.26 | 0.26 | 0.27 | 0.29 | 0.30 | 0.30 | 0.32 | 0.31 | 0.38 | 0.38 | 0.39 | 0.40 | 0.39 | 0.37 | 0.36 | 0.37 | 0.37 | 0.19 | 0.21 | ||||||||
| Monolithic Power Systems Inc. | — | — | 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 | 0.00 | 0.00 | 0.00 | ||||||||
| NVIDIA Corp. | 0.13 | 0.15 | 0.18 | 0.20 | 0.25 | 0.27 | 0.27 | 0.25 | 0.24 | 0.25 | 0.27 | 0.31 | 0.23 | 0.24 | 0.26 | 0.28 | 0.30 | 0.11 | 0.13 | 0.13 | 0.14 | 0.15 | 0.15 | 0.16 | 0.17 | ||||||||
| Qualcomm Inc. | — | 0.27 | 0.28 | 0.29 | 0.30 | 0.30 | 0.32 | 0.33 | 0.34 | 0.32 | 0.33 | 0.35 | 0.37 | 0.38 | 0.41 | 0.42 | 0.42 | 0.44 | 0.49 | 0.50 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | ||||||||
| Texas Instruments Inc. | — | — | 0.39 | 0.40 | 0.41 | 0.35 | 0.35 | 0.36 | 0.35 | 0.32 | 0.30 | 0.29 | 0.31 | 0.31 | 0.33 | 0.30 | 0.32 | 0.35 | 0.37 | 0.39 | 0.38 | 0.32 | 0.32 | 0.33 | 0.33 | ||||||||
Based on: 10-Q (reporting date: 2024-11-28), 10-K (reporting date: 2024-08-29), 10-Q (reporting date: 2024-05-30), 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-K (reporting date: 2023-08-31), 10-Q (reporting date: 2023-06-01), 10-Q (reporting date: 2023-03-02), 10-Q (reporting date: 2022-12-01), 10-K (reporting date: 2022-09-01), 10-Q (reporting date: 2022-06-02), 10-Q (reporting date: 2022-03-03), 10-Q (reporting date: 2021-12-02), 10-K (reporting date: 2021-09-02), 10-Q (reporting date: 2021-06-03), 10-Q (reporting date: 2021-03-04), 10-Q (reporting date: 2020-12-03), 10-K (reporting date: 2020-09-03), 10-Q (reporting date: 2020-05-28), 10-Q (reporting date: 2020-02-27), 10-Q (reporting date: 2019-11-28), 10-K (reporting date: 2019-08-29), 10-Q (reporting date: 2019-05-30), 10-Q (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-29).
1 Q1 2025 Calculation
Debt to assets = Total debt ÷ Total assets
= 13,785 ÷ 71,461 = 0.19
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets ratio | A solvency ratio calculated as total debt divided by total assets. | Micron Technology Inc. debt to assets ratio improved from Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025. |
Debt to Assets (including Operating Lease Liability)
Micron Technology Inc., debt to assets (including operating lease liability) calculation (quarterly data)
| Nov 28, 2024 | 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 | Aug 29, 2019 | May 30, 2019 | Feb 28, 2019 | Nov 29, 2018 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||
| Current debt | 533) | 431) | 398) | 344) | 908) | 278) | 259) | 237) | 171) | 103) | 107) | 123) | 118) | 155) | 297) | 323) | 273) | 270) | 330) | 237) | 462) | 1,310) | 1,346) | 2,634) | 398) | ||||||||
| Long-term debt | 13,252) | 12,966) | 12,860) | 13,378) | 12,597) | 13,052) | 12,986) | 12,037) | 10,094) | 6,803) | 6,856) | 6,953) | 6,904) | 6,621) | 6,418) | 6,298) | 6,356) | 6,373) | 6,356) | 5,188) | 5,188) | 4,541) | 3,563) | 3,604) | 3,734) | ||||||||
| Total debt | 13,785) | 13,397) | 13,258) | 13,722) | 13,505) | 13,330) | 13,245) | 12,274) | 10,265) | 6,906) | 6,963) | 7,076) | 7,022) | 6,776) | 6,715) | 6,621) | 6,629) | 6,643) | 6,686) | 5,425) | 5,650) | 5,851) | 4,909) | 6,238) | 4,132) | ||||||||
| Noncurrent operating lease liabilities | 588) | 610) | 609) | 593) | 601) | 603) | 603) | 610) | 625) | 610) | 629) | 535) | 523) | 504) | 513) | 528) | 529) | 533) | 540) | 548) | 511) | —) | —) | —) | —) | ||||||||
| Total debt (including operating lease liability) | 14,373) | 14,007) | 13,867) | 14,315) | 14,106) | 13,933) | 13,848) | 12,884) | 10,890) | 7,516) | 7,592) | 7,611) | 7,545) | 7,280) | 7,228) | 7,149) | 7,158) | 7,176) | 7,226) | 5,973) | 6,161) | 5,851) | 4,909) | 6,238) | 4,132) | ||||||||
| Total assets | 71,461) | 69,416) | 66,255) | 65,718) | 63,776) | 64,254) | 65,680) | 66,520) | 67,874) | 66,283) | 65,296) | 63,696) | 61,246) | 58,849) | 55,943) | 54,135) | 53,691) | 53,678) | 52,005) | 49,648) | 49,649) | 48,887) | 46,288) | 47,487) | 44,595) | ||||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||||
| Debt to assets (including operating lease liability)1 | 0.20 | 0.20 | 0.21 | 0.22 | 0.22 | 0.22 | 0.21 | 0.19 | 0.16 | 0.11 | 0.12 | 0.12 | 0.12 | 0.12 | 0.13 | 0.13 | 0.13 | 0.13 | 0.14 | 0.12 | 0.12 | 0.12 | 0.11 | 0.13 | 0.09 | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||
| Debt to Assets (including Operating Lease Liability), Competitors2 | |||||||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | — | — | 0.03 | 0.03 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.05 | 0.03 | 0.05 | 0.05 | 0.05 | 0.05 | 0.06 | 0.08 | 0.14 | 0.12 | 0.11 | 0.20 | 0.24 | 0.27 | ||||||||
| NVIDIA Corp. | 0.14 | 0.16 | 0.20 | 0.22 | 0.27 | 0.29 | 0.29 | 0.27 | 0.26 | 0.26 | 0.29 | 0.33 | 0.25 | 0.26 | 0.28 | 0.30 | 0.32 | 0.15 | 0.16 | 0.17 | 0.18 | 0.15 | 0.15 | 0.16 | 0.17 | ||||||||
Based on: 10-Q (reporting date: 2024-11-28), 10-K (reporting date: 2024-08-29), 10-Q (reporting date: 2024-05-30), 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-K (reporting date: 2023-08-31), 10-Q (reporting date: 2023-06-01), 10-Q (reporting date: 2023-03-02), 10-Q (reporting date: 2022-12-01), 10-K (reporting date: 2022-09-01), 10-Q (reporting date: 2022-06-02), 10-Q (reporting date: 2022-03-03), 10-Q (reporting date: 2021-12-02), 10-K (reporting date: 2021-09-02), 10-Q (reporting date: 2021-06-03), 10-Q (reporting date: 2021-03-04), 10-Q (reporting date: 2020-12-03), 10-K (reporting date: 2020-09-03), 10-Q (reporting date: 2020-05-28), 10-Q (reporting date: 2020-02-27), 10-Q (reporting date: 2019-11-28), 10-K (reporting date: 2019-08-29), 10-Q (reporting date: 2019-05-30), 10-Q (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-29).
1 Q1 2025 Calculation
Debt to assets (including operating lease liability) = Total debt (including operating lease liability) ÷ Total assets
= 14,373 ÷ 71,461 = 0.20
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Debt to assets (including operating lease liability) ratio | A solvency ratio calculated as total debt (including operating lease liability) divided by total assets. | Micron Technology Inc. debt to assets ratio (including operating lease liability) improved from Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025. |
Financial Leverage
Micron Technology Inc., financial leverage calculation (quarterly data)
| Nov 28, 2024 | 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 | Aug 29, 2019 | May 30, 2019 | Feb 28, 2019 | Nov 29, 2018 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||
| Total assets | 71,461) | 69,416) | 66,255) | 65,718) | 63,776) | 64,254) | 65,680) | 66,520) | 67,874) | 66,283) | 65,296) | 63,696) | 61,246) | 58,849) | 55,943) | 54,135) | 53,691) | 53,678) | 52,005) | 49,648) | 49,649) | 48,887) | 46,288) | 47,487) | 44,595) | ||||||||
| Total Micron shareholders’ equity | 46,797) | 45,131) | 44,225) | 43,870) | 42,885) | 44,120) | 45,405) | 47,257) | 49,306) | 49,907) | 49,281) | 47,845) | 45,908) | 43,933) | 42,259) | 40,663) | 39,907) | 38,996) | 37,820) | 37,023) | 36,500) | 35,881) | 35,323) | 34,567) | 33,869) | ||||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||||
| Financial leverage1 | 1.53 | 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 | 1.36 | 1.31 | 1.37 | 1.32 | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||
| Financial Leverage, Competitors2 | |||||||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | — | — | 1.22 | 1.20 | 1.21 | 1.21 | 1.23 | 1.23 | 1.24 | 1.23 | 1.24 | 1.22 | 1.21 | 1.66 | 1.56 | 1.51 | 1.55 | 1.54 | 1.82 | 1.99 | 1.93 | 2.13 | 2.41 | 2.68 | 2.76 | ||||||||
| Analog Devices Inc. | — | 1.37 | 1.38 | 1.39 | 1.36 | 1.37 | 1.37 | 1.38 | 1.38 | 1.38 | 1.37 | 1.37 | 1.37 | 1.38 | 1.76 | 1.77 | 1.77 | 1.79 | 1.83 | 1.84 | 1.83 | 1.83 | 1.83 | 1.85 | 1.88 | ||||||||
| Applied Materials Inc. | — | 1.81 | 1.79 | 1.76 | 1.81 | 1.88 | 2.01 | 2.06 | 2.08 | 2.19 | 2.17 | 2.20 | 2.14 | 2.11 | 2.03 | 2.01 | 2.03 | 2.11 | 2.21 | 2.42 | 2.28 | 2.32 | 2.32 | 2.29 | 2.31 | ||||||||
| Broadcom Inc. | — | 2.45 | 2.56 | 2.50 | 2.53 | 3.04 | 3.24 | 3.26 | 3.13 | 3.23 | 3.42 | 3.42 | 3.19 | 3.03 | 3.12 | 3.15 | 3.21 | 3.18 | 3.37 | 3.41 | 3.32 | 2.71 | 3.24 | 3.20 | 3.10 | ||||||||
| First Solar Inc. | — | — | 1.51 | 1.52 | 1.56 | 1.55 | 1.52 | 1.49 | 1.46 | 1.41 | 1.29 | 1.26 | 1.26 | 1.24 | 1.25 | 1.25 | 1.25 | 1.29 | 1.29 | 1.35 | 1.34 | 1.47 | 1.36 | 1.39 | 1.41 | ||||||||
| Intel Corp. | — | — | 1.94 | 1.79 | 1.82 | 1.81 | 1.85 | 1.84 | 1.89 | 1.80 | 1.75 | 1.68 | 1.71 | 1.77 | 1.86 | 1.81 | 1.89 | 1.89 | 1.95 | 1.86 | 1.93 | 1.76 | 1.80 | 1.74 | 1.76 | ||||||||
| KLA Corp. | 4.41 | 4.58 | 4.83 | 4.69 | 4.73 | 4.82 | 5.10 | 5.27 | 6.24 | 8.99 | 2.95 | 2.89 | 2.89 | 3.04 | 3.19 | 3.34 | 3.39 | 3.48 | 3.83 | 3.46 | 3.47 | 3.39 | 3.22 | 3.51 | 3.60 | ||||||||
| Lam Research Corp. | 2.31 | 2.20 | 2.28 | 2.28 | 2.30 | 2.29 | 2.29 | 2.31 | 2.53 | 2.74 | 2.75 | 2.58 | 2.67 | 2.64 | 2.85 | 2.79 | 2.78 | 2.81 | 2.85 | 2.72 | 2.50 | 2.57 | 2.44 | 1.86 | 2.06 | ||||||||
| Monolithic Power Systems Inc. | — | — | 1.21 | 1.21 | 1.22 | 1.19 | 1.20 | 1.21 | 1.25 | 1.23 | 1.26 | 1.25 | 1.29 | 1.27 | 1.29 | 1.26 | 1.28 | 1.25 | 1.27 | 1.26 | 1.24 | 1.24 | 1.25 | 1.23 | 1.25 | ||||||||
| NVIDIA Corp. | 1.57 | 1.53 | 1.63 | 1.80 | 1.81 | 1.86 | 1.90 | 1.82 | 1.72 | 1.66 | 1.71 | 1.83 | 1.64 | 1.70 | 1.75 | 1.81 | 1.78 | 1.42 | 1.41 | 1.43 | 1.44 | 1.42 | 1.44 | 1.46 | 1.49 | ||||||||
| Qualcomm Inc. | — | 2.10 | 2.14 | 2.17 | 2.26 | 2.37 | 2.37 | 2.46 | 2.66 | 2.72 | 2.93 | 3.32 | 3.78 | 4.14 | 4.74 | 5.01 | 5.08 | 5.86 | 9.78 | 10.49 | 7.34 | 6.71 | 6.25 | 8.80 | 9.47 | ||||||||
| Texas Instruments Inc. | — | — | 2.05 | 2.04 | 2.05 | 1.91 | 1.90 | 1.94 | 1.92 | 1.87 | 1.80 | 1.75 | 1.80 | 1.85 | 1.92 | 1.85 | 1.93 | 2.11 | 2.19 | 2.28 | 2.23 | 2.02 | 2.00 | 2.05 | 2.05 | ||||||||
Based on: 10-Q (reporting date: 2024-11-28), 10-K (reporting date: 2024-08-29), 10-Q (reporting date: 2024-05-30), 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-K (reporting date: 2023-08-31), 10-Q (reporting date: 2023-06-01), 10-Q (reporting date: 2023-03-02), 10-Q (reporting date: 2022-12-01), 10-K (reporting date: 2022-09-01), 10-Q (reporting date: 2022-06-02), 10-Q (reporting date: 2022-03-03), 10-Q (reporting date: 2021-12-02), 10-K (reporting date: 2021-09-02), 10-Q (reporting date: 2021-06-03), 10-Q (reporting date: 2021-03-04), 10-Q (reporting date: 2020-12-03), 10-K (reporting date: 2020-09-03), 10-Q (reporting date: 2020-05-28), 10-Q (reporting date: 2020-02-27), 10-Q (reporting date: 2019-11-28), 10-K (reporting date: 2019-08-29), 10-Q (reporting date: 2019-05-30), 10-Q (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-29).
1 Q1 2025 Calculation
Financial leverage = Total assets ÷ Total Micron shareholders’ equity
= 71,461 ÷ 46,797 = 1.53
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Financial leverage ratio | A solvency ratio calculated as total assets divided by total shareholders’ equity. | Micron Technology Inc. financial leverage ratio increased from Q3 2024 to Q4 2024 but then slightly decreased from Q4 2024 to Q1 2025. |
Interest Coverage
Micron Technology Inc., interest coverage calculation (quarterly data)
| Nov 28, 2024 | 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 | Aug 29, 2019 | May 30, 2019 | Feb 28, 2019 | Nov 29, 2018 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||
| Net income (loss) attributable to Micron | 1,870) | 887) | 332) | 793) | (1,234) | (1,430) | (1,896) | (2,312) | (195) | 1,492) | 2,626) | 2,263) | 2,306) | 2,720) | 1,735) | 603) | 803) | 988) | 803) | 405) | 491) | 561) | 840) | 1,619) | 3,293) | ||||||||
| Add: Net income attributable to noncontrolling interest | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | —) | 2) | 2) | 2) | 17) | 25) | 11) | 6) | 3) | ||||||||
| Add: Income tax expense | 283) | 623) | 377) | (622) | 73) | (24) | 139) | 54) | 8) | 56) | 358) | 255) | 219) | 230) | 65) | 48) | 51) | 136) | 68) | 21) | 55) | 71) | (135) | 280) | 477) | ||||||||
| Add: Interest expense | 118) | 136) | 150) | 144) | 132) | 129) | 119) | 89) | 51) | 45) | 44) | 55) | 45) | 47) | 46) | 42) | 48) | 50) | 51) | 46) | 47) | 39) | 29) | 27) | 33) | ||||||||
| Earnings before interest and tax (EBIT) | 2,271) | 1,646) | 859) | 315) | (1,029) | (1,325) | (1,638) | (2,169) | (136) | 1,593) | 3,028) | 2,573) | 2,570) | 2,997) | 1,846) | 693) | 902) | 1,176) | 924) | 474) | 610) | 696) | 745) | 1,932) | 3,806) | ||||||||
| Solvency Ratio | |||||||||||||||||||||||||||||||||
| Interest coverage1 | 9.29 | 3.19 | -2.13 | -7.02 | -13.14 | -13.58 | -7.73 | 10.11 | 36.19 | 51.66 | 58.47 | 51.74 | 45.03 | 35.18 | 24.82 | 19.35 | 17.83 | 16.41 | 14.78 | 15.68 | 28.05 | 56.09 | — | — | — | ||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||
| Interest Coverage, Competitors2 | |||||||||||||||||||||||||||||||||
| Advanced Micro Devices Inc. | — | — | 15.91 | 10.78 | 7.65 | 5.79 | 1.05 | -2.15 | 2.73 | 14.61 | 33.91 | 69.08 | 104.42 | 109.09 | 87.31 | 63.00 | 41.84 | 28.23 | 17.71 | 10.58 | 7.71 | 4.96 | — | — | — | ||||||||
| Analog Devices Inc. | — | 6.52 | 6.89 | 8.74 | 11.83 | 14.63 | 17.96 | 19.23 | 19.42 | 16.46 | 10.14 | 9.06 | 7.26 | 8.19 | 11.64 | 10.46 | 9.14 | 7.79 | 7.05 | 6.72 | 6.99 | 7.49 | — | — | — | ||||||||
| Applied Materials Inc. | — | 34.00 | 36.27 | 36.06 | 34.86 | 33.42 | 32.62 | 33.39 | 34.20 | 34.33 | 34.58 | 34.95 | 33.14 | 29.69 | 26.24 | 21.94 | 19.19 | 18.36 | 16.68 | 15.79 | 15.35 | 14.79 | — | — | — | ||||||||
| Broadcom Inc. | — | 0.09 | 0.25 | 0.30 | 0.40 | 0.52 | 0.41 | 0.41 | 0.38 | 0.38 | 0.35 | 0.35 | 0.36 | 0.33 | 0.12 | 0.12 | 0.12 | 0.13 | 0.15 | 0.16 | 0.17 | 0.18 | — | — | — | ||||||||
| First Solar Inc. | — | — | 39.14 | 44.65 | 52.86 | 69.75 | 57.26 | 19.81 | 11.59 | 1.70 | 16.69 | 26.03 | 20.52 | 44.65 | 34.42 | 28.83 | 27.96 | 13.11 | 7.29 | 1.22 | -1.10 | -3.45 | — | — | — | ||||||||
| KLA Corp. | 11.71 | 11.25 | 11.00 | 11.51 | 13.03 | 13.76 | 15.81 | 18.22 | 20.31 | 22.76 | 21.81 | 20.60 | 17.91 | 16.00 | 14.05 | 10.71 | 9.97 | 9.22 | 8.12 | 9.19 | 9.95 | 11.40 | — | — | — | ||||||||
| NVIDIA Corp. | 192.72 | 132.59 | 82.40 | 43.66 | 18.63 | 16.96 | 23.23 | 31.40 | 39.65 | 43.12 | 38.65 | 34.29 | 26.81 | 24.96 | 28.27 | 34.95 | 56.66 | 58.12 | 43.98 | 44.64 | 54.11 | 68.17 | — | — | — | ||||||||
| Qualcomm Inc. | — | 15.83 | 14.25 | 13.43 | 12.44 | 11.72 | 15.28 | 22.27 | 26.92 | 31.61 | 31.54 | 24.20 | 21.71 | 19.38 | 18.60 | 16.10 | 13.40 | 10.50 | 6.17 | 13.70 | 13.71 | 12.93 | — | — | — | ||||||||
| Texas Instruments Inc. | — | — | 12.85 | 14.57 | 17.87 | 22.01 | 26.51 | 33.49 | 42.10 | 47.88 | 51.88 | 52.00 | 51.03 | 49.47 | 46.81 | 42.15 | 36.25 | 32.67 | 29.59 | 30.50 | 32.50 | 34.69 | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2024-11-28), 10-K (reporting date: 2024-08-29), 10-Q (reporting date: 2024-05-30), 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-K (reporting date: 2023-08-31), 10-Q (reporting date: 2023-06-01), 10-Q (reporting date: 2023-03-02), 10-Q (reporting date: 2022-12-01), 10-K (reporting date: 2022-09-01), 10-Q (reporting date: 2022-06-02), 10-Q (reporting date: 2022-03-03), 10-Q (reporting date: 2021-12-02), 10-K (reporting date: 2021-09-02), 10-Q (reporting date: 2021-06-03), 10-Q (reporting date: 2021-03-04), 10-Q (reporting date: 2020-12-03), 10-K (reporting date: 2020-09-03), 10-Q (reporting date: 2020-05-28), 10-Q (reporting date: 2020-02-27), 10-Q (reporting date: 2019-11-28), 10-K (reporting date: 2019-08-29), 10-Q (reporting date: 2019-05-30), 10-Q (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-29).
1 Q1 2025 Calculation
Interest coverage
= (EBITQ1 2025
+ EBITQ4 2024
+ EBITQ3 2024
+ EBITQ2 2024)
÷ (Interest expenseQ1 2025
+ Interest expenseQ4 2024
+ Interest expenseQ3 2024
+ Interest expenseQ2 2024)
= (2,271 + 1,646 + 859 + 315)
÷ (118 + 136 + 150 + 144)
= 9.29
2 Click competitor name to see calculations.
| Solvency ratio | Description | The company |
|---|---|---|
| Interest coverage ratio | A solvency ratio calculated as EBIT divided by interest payments. | Micron Technology Inc. interest coverage ratio improved from Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025. |