Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data
Paying user area
Try for free
Micron Technology Inc. pages available for free this week:
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Micron Technology Inc. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Micron Technology Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (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).
- Liabilities Trends
- Current liabilities as a percentage of total liabilities and equity exhibited a decreasing trend from late 2019 through mid-2023, dropping from approximately 12.72% to a low near 7.42%. This decline was followed by a notable increase towards late 2024, reaching above 13%. Within current liabilities, accounts payable and accrued expenses showed a progressive decline from nearly 11% in late 2019 to around 6% in mid-2023, before climbing back to about 11-12% by late 2025. Other current liabilities fluctuated mildly but overall increased towards the end of the period, peaking above 2% in mid-2024. Long-term debt maintained a relatively steady presence, generally ranging between 10% and 12% through 2019 to early 2022, but it surged significantly thereafter, reaching nearly 20% by late 2023 and stabilizing around 17-19% through 2025. Consequently, noncurrent liabilities mirrored this pattern, increasing from roughly 13.5% to over 23% during 2023, then moderately declining in the latter periods while remaining above 20%. Total liabilities overall saw a steady rise from approximately 26% in 2019 to a peak near 35% in late 2024, before slightly retreating towards 34% in 2025.
- Equity Composition and Changes
- Shareholders’ equity declined gradually over the observed timeframe, decreasing from about 74.6% in early 2020 to approximately 65% by late 2025. Within equity components, retained earnings exhibited a strong upward trend from late 2019 through mid-2022, increasing from roughly 63% to over 71%. However, retained earnings then decreased significantly throughout 2023 and 2024, dropping to around 58-60%. Treasury stock showed a steady increase in its negative proportion, deepening from about -6.6% to nearly -11.8% by late 2023, before slightly improving to roughly -9.5% by late 2025. Additional capital remained relatively stable with slight fluctuations, generally staying between 16% and 18%. Common stock's proportion declined gradually from about 0.24% to 0.15%, representing a minor component within total equity. Accumulated other comprehensive income (loss) shifted from near zero or slightly positive early in the period to a small negative balance, fluctuating around -0.5% or less.
- Liability Structure Observations
- The data indicate a shift towards increased leverage, as total liabilities grew relative to total equity from 2019 through 2024. This was driven largely by increased long-term debt and a rise in other noncurrent liabilities. Operating lease liabilities remained a minor and stable component throughout, consistently under 1%. Unearned government incentives showed some decline over time, falling from about 1.2% to under 1% by mid to late 2020, with some renewed variability thereafter but generally staying below initial levels.
- Summary
- Overall, the financial structure transitioned towards higher leverage, with growing long-term debt and total liabilities contributing to a decline in shareholders’ equity proportion. Retained earnings initially strengthened but later declined, while treasury stock reductions suggest share repurchases or similar equity transactions impacting the equity base. Stability in additional capital and minor equity elements denotes limited impact on the larger equity configuration. The fluctuations in current liabilities and accounts payable indicate variable short-term obligations, with a notable increase in current liabilities in late periods likely reflecting operational or financing changes. This evolving financial pattern suggests increased reliance on debt financing and continued active equity management over the analyzed quarters.