Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data
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- Income Statement
- Statement of Comprehensive Income
- Common-Size Balance Sheet: Assets
- Analysis of Profitability Ratios
- Analysis of Liquidity Ratios
- Capital Asset Pricing Model (CAPM)
- Selected Financial Data since 2005
- Operating Profit Margin since 2005
- Return on Equity (ROE) since 2005
- Analysis of Revenues
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Micron Technology Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
Based on: 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), 10-K (reporting date: 2019-08-29), 10-Q (reporting date: 2019-05-30), 10-Q (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-29).
- Liabilities Composition and Trends
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Current liabilities as a percentage of total liabilities and equity exhibited fluctuations over the analyzed timeframe, starting at 11.64% in late 2018, peaking near 15.5% in early 2019, and subsequently declining to a low around 7.42% in mid-2023 before rising again to 12.93% by late 2024. Accounts payable and accrued expenses similarly show variability, initially declining from 9.42% to about 6.16% by mid-2023, followed by a resurgence to over 11% by late 2024.
Current debt's share experienced erratic movements, peaking sharply at 5.55% in early 2019 but generally remaining below 1% in most quarters thereafter, with a minor increase observed near early 2024.
Other current liabilities maintained a relatively low and stable proportion, fluctuating between approximately 0.82% and 2.19%, with a modest upward shift in late 2024.
- Long-term and Noncurrent Liabilities
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Long-term debt's representation increased continuously, rising from 8.37% in late 2018 to a peak exceeding 20% from mid-2023 onwards, suggesting increased reliance on long-range borrowing or obligations.
Noncurrent liabilities overall, which include operating lease liabilities, unearned government incentives, and other noncurrent liabilities, gradually grew from roughly 10.24% to exceed 23% by mid-2023, later slightly declining to approximately 22.3% by mid-2025.
Notably, noncurrent operating lease liabilities appeared from early 2019 and hovered close to 0.8–1% over the examined periods, maintaining a steady contribution.
Noncurrent unearned government incentives decreased moderately from about 1.34% in early 2019 to lower values near 0.77% by mid-2025, indicating a reduction in deferred incentives over time.
Other noncurrent liabilities remained a minor yet steady component, generally between 0.7% and 1.7%.
- Total Liabilities Overview
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The overall total liabilities exhibit an upward trend from approximately 21.88% in late 2018 to a peak approaching 35% by mid-2025, marking increased total obligations relative to equity. This rise is predominantly driven by growth in long-term debt and noncurrent liabilities.
- Equity Structure and Changes
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Total shareholders’ equity experienced a gradual decline during the period, starting near 76% and decreasing to roughly 65% towards mid-2025. This decrease aligns with the relative growth in liabilities mentioned above.
Within equity components, retained earnings consistently formed the largest portion, growing from 62.27% to a peak exceeding 70% in mid-2022, before declining gradually to about 58% by mid-2025, suggesting periods of strong profitability followed by some erosion or alternative allocation.
Additional capital remained relatively stable, fluctuating narrowly around 15% to 18%, showing no significant structural shifts.
Common stock's proportional presence marginally decreased from 0.26% to about 0.16%, indicating slight dilution or other equity changes over time.
Treasury stock, representing repurchased shares, expanded its negative impact on equity from around -5.3% to nearly -10%, reflecting increased share buyback activity or accounting adjustments reducing shareholders’ equity.
Accumulated other comprehensive income or loss exhibited minor negative values in recent periods, generally under -0.5%, indicating modest unrealized losses or adjustments impacting total equity.
- Other Observations
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Noncontrolling interests and redeemable convertible notes were negligible or absent throughout the periods analyzed, bearing minimal influence on the capital structure.
The total liabilities and equity consistently sum to 100%, confirming the dataset's normalized percentage presentation and ensuring the observed trends reflect relative rather than absolute changes.