Common-Size Balance Sheet: Assets
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- Income Statement
- Statement of Comprehensive Income
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Solvency Ratios
- Capital Asset Pricing Model (CAPM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Net Profit Margin since 2005
- Debt to Equity since 2005
- Total Asset Turnover since 2005
- Price to Book Value (P/BV) since 2005
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Based on: 10-Q (reporting date: 2025-11-27), 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 percentage of cash and equivalents relative to total assets demonstrated a general declining trend over the entire period. Starting at approximately 14% in late 2019, the ratio fluctuated mildly in the initial years and peaked near 14.7% in early 2023. Since then, a steady decrease has been observed, falling to around 11.3% by late 2025. This suggests a gradual reduction in liquidity or a shift towards other asset forms.
- Short-Term Investments
- Short-term investments as a percentage of total assets mostly remained below 2%, showing slight volatility. Initially around 1.25%, there was a small peak near 1.95% at the end of 2020, followed by gradual declines with intermittent rebounds. By late 2025, this category had decreased to less than 1%, indicating a reduced reliance on such investments.
- Receivables
- Receivables exhibited significant volatility across the periods. After starting near 7%, the ratio increased until late 2021, then sharply declined reaching a low in early 2023. Following this trough, a steady rise ensued, culminating near 11.85% at the end of the timeframe. This pattern might reflect changing credit terms, sales cycles, or collection efficiency over time.
- Inventories
- Inventories showed a generally upward trend. From just under 10% in 2019, the share increased gradually, peaking around 13.05% in mid-2023 before experiencing a mild reduction to approximately 9.54% by late 2025. This could suggest fluctuations in inventory management or adjustments to production and sales demands.
- Other Current Assets
- This category had low proportions historically but experienced notable spikes, particularly around early 2021 and again in late 2023. These spikes increased the proportion to above 3.5% at one point, then fluctuated between 1% and 2%, indicating occasional changes in miscellaneous current assets.
- Current Assets
- Current assets as a percentage of total assets remained relatively stable, ranging mostly between 30% and 35%, with a modest upward shift observed from 2023 onward. The data suggest a consistent current asset base relative to total assets with some incremental strengthening in more recent periods.
- Long-Term Marketable Investments
- Long-term marketable investments reached a high near 3% in late 2021 but generally shrank in proportion afterward. Starting from approximately 1.2%, the ratio fell below 1% by late 2023, with small oscillations thereafter. This decline could indicate divestment or reallocation of longer-term financial assets.
- Property, Plant, and Equipment (PP&E)
- PP&E represented the largest share of total assets throughout the timeline, maintaining a broad consistency between roughly 56% to 60%. While slight fluctuations occurred, the percentage stayed near 58% on average, underscoring the company's heavy investment in fixed assets and their continued importance to the asset structure.
- Operating Lease Right-of-Use Assets
- The proportion allocated to operating lease right-of-use assets slightly declined from around 1.22% to below 1% over time. The decrease points toward lesser reliance on leased assets or changes in lease accounting treatment in recent years.
- Intangible Assets
- Intangible assets maintained a small but stable percentage near 0.6%. Slight decreases are noticeable toward the end of the dataset, hovering between 0.54% and 0.65%, indicating a relatively fixed intangible asset base with minor amortization or write-downs.
- Deferred Tax Assets
- Deferred tax assets declined modestly, from around 1.58% in 2019 to roughly 0.75% by late 2025, with some mid-period fluctuations. This trend may reflect changing tax positions or adjustments in deferred tax recognition.
- Goodwill
- Goodwill showed a gradual decrease from near 2.5% of total assets to around 1.3% over the entire period, implying amortization, impairment, or possible divestitures impacting goodwill balances.
- Other Noncurrent Assets
- Other noncurrent assets experienced notable growth starting mid-2024, rising from below 2% to above 3.5% by late 2025. Earlier periods displayed relative stability near 1.5% to 2%, indicating increased investments or reclassification in this asset group in recent periods.
- Noncurrent Assets
- The overall proportion of noncurrent assets remained dominant, constituting roughly 64% to 69% of total assets throughout. A slight downward trend is visible starting from 2023, ending just over 65%, reflecting minor structural changes but retaining a fixed asset-heavy profile.
- Total Assets
- As expected, total assets are consistently represented as 100%, serving as the baseline for the relative proportions analyzed.