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Micron Technology, Inc. (NAS:MU)
Short-Term Debt
$2,230 Mil (As of Feb. 2014)

Short-Term Debt is the portion of a company’s debt that needs to be paid within the next 12 months. This gives investors an idea of how much money the company needs to pay down for the principle of its debt. Micron Technology, Inc.'s short-term debt for the quarter that ended in Feb. 2014 was $2,230 Mil.

Long-Term Debt is the debt due more than 12 months in the future. Micron Technology, Inc.'s long-term debt for the quarter that ended in Feb. 2014 was $4,317 Mil.


Definition

This is the portion of a company’s debt that needs to be paid within the next 12 months. This gives investors an idea of how much money the company needs to pay down for the principle of its debt.

In the notes to balance sheet in annual (10-K) or quarterly (10-Q) reports, companies usually break down the details of the debt, their due dates, the interest rates etc.


Be Aware

Stay away from companies that ‘roll over the debt’ e.g. Bear Stearns

When investing in financial institutions, Buffett shies from those who are bigger borrowers of short term than long term debt.

His favorite ‘Wells Fargo’ has 57 cents short term debt for every dollar of long term

Aggressive banks (like Bank of America) has $2.09 short term for every dollar long term


Related Terms

Long-Term Debt


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Micron Technology, Inc. Annual Data

Aug04Aug05Aug06Aug07Aug08Aug09Aug10Aug11Aug12Aug13
Short-Term Debt 711471664232754247121402241,585

Micron Technology, Inc. Quarterly Data

Nov11Feb12May12Aug12Nov12Feb13May13Aug13Nov13Feb14
Short-Term Debt 1461502622242663503571,5851,5432,230
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