Micron Technology (MIL:1MU) Cash-to-Debt : 0.63 (As of Feb. 2024)

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What is Micron Technology Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Micron Technology's cash to debt ratio for the quarter that ended in Feb. 2024 was 0.63.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Micron Technology couldn't pay off its debt using the cash in hand for the quarter that ended in Feb. 2024.

The historical rank and industry rank for Micron Technology's Cash-to-Debt or its related term are showing as below:

MIL:1MU' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.31 Med: 0.85 Max: 1.47
Current: 0.63

During the past 13 years, Micron Technology's highest Cash to Debt Ratio was 1.47. The lowest was 0.31. And the median was 0.85.

MIL:1MU's Cash-to-Debt is ranked worse than
71.59% of 996 companies
in the Semiconductors industry
Industry Median: 1.81 vs MIL:1MU: 0.63

Micron Technology Cash-to-Debt Historical Data

The historical data trend for Micron Technology's Cash-to-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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Micron Technology Cash-to-Debt Chart

Micron Technology Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Cash-to-Debt

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1.36

1.14

1.19

1.24

0.69

Micron Technology Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash-to-Debt	Get a 7-Day Free Trial															0.84	0.75	0.69	0.64	0.63

Competitive Comparison of Micron Technology's Cash-to-Debt

For the Semiconductors subindustry, Micron Technology's Cash-to-Debt, along with its competitors' market caps and Cash-to-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 Cash-to-Debt Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Micron Technology's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Micron Technology's Cash-to-Debt falls into.

Micron Technology Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Micron Technology's Cash to Debt Ratio for the fiscal year that ended in Aug. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	8797.698	/	(254.926	+	12521.635)
	=	0.69

Micron Technology's Cash to Debt Ratio for the quarter that ended in Feb. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	8348.562	/	(318.888	+	12951.117)
	=	0.63

Micron Technology (MIL:1MU) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Micron Technology Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Micron Technology's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Micron Technology (MIL:1MU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Micron Technology Inc (MIL:1MU) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

MU:USA MU:Peru MU:Mexico MU_KZ:Kazakhstan MTEd:UK 0R2T:UK 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.

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