Micron Technology (FRA:MTE) LT-Debt-to-Total-Asset : 0.21 (As of Feb. 2024)

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What is Micron Technology LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Micron Technology's long-term debt to total assests ratio for the quarter that ended in Feb. 2024 was 0.21.

Micron Technology's long-term debt to total assets ratio increased from Feb. 2023 (0.19) to Feb. 2024 (0.21). It may suggest that Micron Technology is progressively becoming more dependent on debt to grow their business.

Micron Technology LT-Debt-to-Total-Asset Historical Data

The historical data trend for Micron Technology's LT-Debt-to-Total-Asset 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 LT-Debt-to-Total-Asset Chart

Micron Technology Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

LT-Debt-to-Total-Asset

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0.09

0.13

0.12

0.11

0.21

Micron Technology Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.19	0.21	0.21	0.21	0.21

Micron Technology LT-Debt-to-Total-Asset Calculation

Micron Technology's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Aug. 2023 is calculated as

LT Debt to Total Assets (A: Aug. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Aug. 2023 )	/	Total Assets (A: Aug. 2023 )
	=	12521.635	/	58920.918
	=	0.21

Micron Technology's Long-Term Debt to Total Asset Ratio for the quarter that ended in Feb. 2024 is calculated as

LT Debt to Total Assets (Q: Feb. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Feb. 2024 )	/	Total Assets (Q: Feb. 2024 )
	=	12951.117	/	60920.586
	=	0.21

Micron Technology (FRA:MTE) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Micron Technology LT-Debt-to-Total-Asset 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 » LT-Debt-to-Total-Asset

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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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