Micron Technology (Micron Technology) Interest Expense

: $-524 Mil (TTM As of Feb. 2024)

View and export this data going back to 1989. Start your Free Trial

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Micron Technology's interest expense for the three months ended in Feb. 2024 was $ -144 Mil. Its interest expense for the trailing twelve months (TTM) ended in Feb. 2024 was $-524 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Micron Technology's Operating Income for the three months ended in Feb. 2024 was $ 182 Mil. Micron Technology's Interest Expense for the three months ended in Feb. 2024 was $ -144 Mil. Micron Technology's Interest Coverage for the quarter that ended in Feb. 2024 was 1.26. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Micron Technology Interest Expense Historical Data

The historical data trend for Micron Technology's Interest Expense 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.

* Premium members only.

Micron Technology Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Interest Expense

-128.00

-194.00

-183.00

-189.00

-388.00

Micron Technology Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Interest Expense																-89.00	-119.00	-129.00	-132.00	-144.00

Micron Technology Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-524 Mil.

Micron Technology (NAS:MU) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Micron Technology's Interest Expense for the three months ended in Feb. 2024 was $-144 Mil. Its Operating Income for the three months ended in Feb. 2024 was $182 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Feb. 2024 was $13,971 Mil.

Micron Technology's Interest Coverage for the quarter that ended in Feb. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Feb. 2024 )	/	Interest Expense (Q: Feb. 2024 )
	=	-1	*	182	/	-144
	=	1.26

The higher the ratio, the stronger the company's financial strength is.

Micron Technology (Micron Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Micron Technology Inc (NAS:MU) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

MU:Peru MU:Mexico MU_KZ:Kazakhstan MU:Italy MTEd:UK 0R2T:UK MTE:Germany MTE:Germany MTE:Germany MTE:Germany MUTC34:Brazil MU:Austria

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.

Executives

Sanjay Mehrotra	officer: President & CEO	C/O WESTERN DIGITAL CORPORATION, 3355 MICHELSON DRIVE, SUITE 100, IRVINE CA 92612
Scott J Deboer	officer: Vice President, R&D	8000 S FEDERAL WAY, MS 1-557, BOISE ID 83716
Scott R. Allen	officer: CVP, Chief Accounting Officer	11690 N.W. 105TH STREET, MIAMI FL 33178
April L Arnzen	officer: VP, Human Resources	8000 S FEDERAL WAY, MS 1-557, BOISE ID 83716
Michael W Bokan	officer: SVP, WORLDWIDE SALES	8000 S FEDERAL WAY, MS 1-557, BOISE ID 83716
Sumit Sadana	officer: EVP & Chief Business Officer	47544 AVALON HEIGHTS TERRACE, FREMONT CA 94539
Richard M Beyer	director	6501 WILLIAM CANNON DRIVE, WEST, AUSTIN TX 78735
Manish H Bhatia	officer: EVP, Global Operations	C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119
Robert P Beard	officer: SVP, General Counsel&Secretary	8000 S. FEDERAL WAY, BOISE ID 83716
Mark J. Murphy	officer: EVP & Chief Financial Officer	DELPHI AUTOMOTIVE PLC, 5725 DELPHI DRIVE, TROY MI 48098
Joel L Poppen	officer: VP Legal Affairs, Gen Counsel, other: Corporate Secretary	8000 S. FEDERAL WAY, MS 1-557, BOISE ID 83716
David Zinsner	officer: SVP & Chief Financial Officer	1001 MURPHY RANCH ROAD, MILPITAS CA 95035
Linnie M Haynesworth	director	214 N TRYON STREET, CHARLOTTE NC 28202
Lynn A Dugle	director	4803 STONECROFT BOULEVARD, CHANTILLY VA 20151
Paul Marosvari	officer: VP, Chief Accounting Officer	8000 S. FEDERAL WAY, BOISE ID 83716