Stock Analysis on Net

Micron Technology Inc. (NASDAQ:MU)

$24.99

Common-Size Balance Sheet: Assets
Quarterly Data

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Micron Technology Inc., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
Nov 27, 2025 Aug 28, 2025 May 29, 2025 Feb 27, 2025 Nov 28, 2024 Aug 29, 2024 May 30, 2024 Feb 29, 2024 Nov 30, 2023 Aug 31, 2023 Jun 1, 2023 Mar 2, 2023 Dec 1, 2022 Sep 1, 2022 Jun 2, 2022 Mar 3, 2022 Dec 2, 2021 Sep 2, 2021 Jun 3, 2021 Mar 4, 2021 Dec 3, 2020 Sep 3, 2020 May 28, 2020 Feb 27, 2020 Nov 28, 2019
Cash and equivalents
Short-term investments
Receivables
Inventories
Other current assets
Current assets
Long-term marketable investments
Property, plant, and equipment
Operating lease right-of-use assets
Intangible assets
Deferred tax assets
Goodwill
Other noncurrent assets
Noncurrent assets
Total assets

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.