Common-Size Balance Sheet: Assets
Quarterly Data
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- Statement of Comprehensive Income
- Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Profitability Ratios
- Analysis of Solvency Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Common Stock Valuation Ratios
- Enterprise Value (EV)
- Dividend Discount Model (DDM)
- Price to Sales (P/S) since 2005
- Analysis of Revenues
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Micron Technology Inc., common-size consolidated balance sheet: assets (quarterly data)
Based on: 10-K (reporting date: 2025-08-28), 10-Q (reporting date: 2025-05-29), 10-Q (reporting date: 2025-02-27), 10-Q (reporting date: 2024-11-28), 10-K (reporting date: 2024-08-29), 10-Q (reporting date: 2024-05-30), 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-K (reporting date: 2023-08-31), 10-Q (reporting date: 2023-06-01), 10-Q (reporting date: 2023-03-02), 10-Q (reporting date: 2022-12-01), 10-K (reporting date: 2022-09-01), 10-Q (reporting date: 2022-06-02), 10-Q (reporting date: 2022-03-03), 10-Q (reporting date: 2021-12-02), 10-K (reporting date: 2021-09-02), 10-Q (reporting date: 2021-06-03), 10-Q (reporting date: 2021-03-04), 10-Q (reporting date: 2020-12-03), 10-K (reporting date: 2020-09-03), 10-Q (reporting date: 2020-05-28), 10-Q (reporting date: 2020-02-27), 10-Q (reporting date: 2019-11-28).
- Cash and Equivalents
- The proportion of cash and equivalents relative to total assets shows a generally declining trend from late 2019 through mid-2025. Starting above 14%, it peaks around 15.9% in mid-2020 before gradually decreasing to approximately 9.37% by late 2024, with a minor recovery to around 12.96% mid-2025 followed by a slight drop again. This suggests a gradual reduction in liquid assets over the observed period.
- Short-term Investments
- This category maintains a relatively stable presence, ranging mostly between 0.7% and 1.9% of total assets. After some fluctuations early in the series, it remains largely consistent around 1.5%, with minor declines towards late 2025, indicating a stable but minor allocation to short-term investments.
- Receivables
- Receivables experience variability throughout the period. From just below 7% in late 2019, there is growth reaching above 9% towards late 2022. A noticeable dip occurs around early to mid-2023, followed by a steady increase pushing above 11% by mid-2025. This reflects increasing credit sales or collection periods towards the latter part of the timeline.
- Inventories
- Inventory levels as a percentage of total assets decline from approximately 10% to a low near 7.5% between 2019 and late 2021. Subsequently, inventory rises sharply, peaking at above 13% in early 2023, before a gradual downward trend resumes approaching 10% by mid-2025. The pattern indicates tightening inventory control initially, followed by buildup and some moderation later.
- Other Current Assets
- This category increases from a negligible share early on to a more meaningful portion between 1% and 2%, particularly rising sharply in early 2021 and again around early 2024. Overall, other current assets grow in significance, suggesting increased diversification in current asset composition.
- Current Assets
- Current assets as a whole remain relatively stable, fluctuating around 33% to 35% of total assets with occasional peaks nearing 36%. This indicates a balanced short-term asset structure through the period with limited drastic changes in liquidity positioning.
- Long-term Marketable Investments
- Long-term marketable investments hold a small but somewhat volatile share, generally between 1% and 2.5%. After peaking near 3% in late 2021, a downward retracement occurs, with values declining towards 0.8% by late 2025, suggesting reduction in long-term investment holdings over time.
- Property, Plant, and Equipment (PP&E)
- PP&E consistently constitutes the largest asset category, maintaining a range from roughly 56% to 60%. A slight dip appears in early 2021 through to 2024, with stabilization around 57%-58%. The relative steadiness reflects consistent capital investment and asset base stability.
- Operating Lease Right-of-Use Assets
- These represent a small proportion of total assets, with a gradual decline from about 1.2% in 2019 to under 0.9% by late 2025. This decrease suggests a reduction in leased asset usage or changes in lease accounting or contract structures.
- Intangible Assets
- The share of intangible assets remains low and slightly declines over time, from about 0.67% to around 0.55%. This suggests limited new intangible acquisitions or amortization affecting carrying values.
- Deferred Tax Assets
- Deferred tax assets show moderate decline from about 1.58% to below 0.7%, with fluctuations. The downward trend may indicate lower tax asset recognition or utilization of deferred tax benefits.
- Goodwill
- Goodwill as a portion of total assets decreases consistently from around 2.5% to under 1.4%. This reduction may reflect impairment charges, disposals, or amortization, pointing to diminishing intangible value from acquisitions.
- Other Noncurrent Assets
- Other noncurrent assets fluctuate modestly with periods of increase, notably rising to over 3% by mid-2025 from near 1% earlier. This increase signals greater investment or accumulation in categories outside core PP&E and intangibles.
- Noncurrent Assets
- Noncurrent assets generally represent about two-thirds of total assets, with minor fluctuations between 64% and 69%. This stability emphasizes a consistent capital structure dominated by long-term investments and fixed assets.