Micron Technology (FRA:MTE) Effective Interest Rate on Debt % : 4.06% (As of Feb. 2024)

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What is Micron Technology Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Micron Technology's annualized positive value of Interest Expense for the quarter that ended in Feb. 2024 was €534 Mil. Micron Technology's average total debt for the quarter that ended in Feb. 2024 was €13,152 Mil. Therefore, Micron Technology's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 was 4.06%.

Micron Technology Effective Interest Rate on Debt % Historical Data

The historical data trend for Micron Technology's Effective Interest Rate on Debt % 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.

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Micron Technology Effective Interest Rate on Debt % Chart

Micron Technology Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Effective Interest Rate on Debt %

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2.48

2.90

2.54

2.74

3.52

Micron Technology Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															2.93	3.54	3.71	3.78	4.06

Competitive Comparison of Micron Technology's Effective Interest Rate on Debt %

For the Semiconductors subindustry, Micron Technology's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % 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 Effective Interest Rate on Debt % Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Micron Technology's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Micron Technology's Effective Interest Rate on Debt % falls into.

Micron Technology Effective Interest Rate on Debt % Calculation

Micron Technology's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Aug. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Aug. 2022 )	+	Total Debt (A: Aug. 2023 ))	/ count )
=	-1 * -355.796	/	( (7418.292	+	12776.561)	/ 2 )
=	-1 * -355.796	/	10097.4265
=	3.52 %

where

	Total Debt (A: Aug. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	7316.631	+	101.661
=	7418.292

	Total Debt (A: Aug. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	12521.635	+	254.926
=	12776.561

Micron Technology's annualized Effective Interest Rate on Debt % for the quarter that ended in Feb. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Nov. 2023 )	+	Total Debt (Q: Feb. 2024 ))	/ count )
=	-1 * -533.952	/	( (13033.944	+	13270.005)	/ 2 )
=	-1 * -533.952	/	13151.9745
=	4.06 %

where

	Total Debt (Q: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	12194.952	+	838.992
=	13033.944

	Total Debt (Q: Feb. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	12951.117	+	318.888
=	13270.005

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Feb. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Micron Technology (FRA:MTE) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.

Micron Technology Effective Interest Rate on Debt % Related Terms

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Micron Technology (FRA:MTE) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Micron Technology Inc (FRA:MTE) » Definitions » Effective Interest Rate on Debt %

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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.

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