Current Ratio
since 2005
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Micron Technology Inc. pages available for free this week:
- 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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Calculation
Micron Technology Inc., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Aug 28, 2025 | = | ÷ | |||
| Aug 29, 2024 | = | ÷ | |||
| Aug 31, 2023 | = | ÷ | |||
| Sep 1, 2022 | = | ÷ | |||
| Sep 2, 2021 | = | ÷ | |||
| Sep 3, 2020 | = | ÷ | |||
| Aug 29, 2019 | = | ÷ | |||
| Aug 30, 2018 | = | ÷ | |||
| Aug 31, 2017 | = | ÷ | |||
| Sep 1, 2016 | = | ÷ | |||
| Sep 3, 2015 | = | ÷ | |||
| Aug 28, 2014 | = | ÷ | |||
| Aug 29, 2013 | = | ÷ | |||
| Aug 30, 2012 | = | ÷ | |||
| Sep 1, 2011 | = | ÷ | |||
| Sep 2, 2010 | = | ÷ | |||
| Sep 3, 2009 | = | ÷ | |||
| Aug 28, 2008 | = | ÷ | |||
| Aug 30, 2007 | = | ÷ | |||
| Aug 31, 2006 | = | ÷ | |||
| Sep 1, 2005 | = | ÷ |
Based on: 10-K (reporting date: 2025-08-28), 10-K (reporting date: 2024-08-29), 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-09-01), 10-K (reporting date: 2021-09-02), 10-K (reporting date: 2020-09-03), 10-K (reporting date: 2019-08-29), 10-K (reporting date: 2018-08-30), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-09-01), 10-K (reporting date: 2015-09-03), 10-K (reporting date: 2014-08-28), 10-K (reporting date: 2013-08-29), 10-K (reporting date: 2012-08-30), 10-K (reporting date: 2011-09-01), 10-K (reporting date: 2010-09-02), 10-K (reporting date: 2009-09-03), 10-K (reporting date: 2008-08-28), 10-K (reporting date: 2007-08-30), 10-K (reporting date: 2006-08-31), 10-K (reporting date: 2005-09-01).
1 US$ in millions
The financial data presents a comprehensive view of the company's liquidity position over a period spanning two decades. Analysis focuses on the current assets, current liabilities, and the resulting current ratio, reflecting the company's short-term financial health and ability to meet its obligations.
- Current Assets
- The current assets show an overall increasing trend throughout the period. Beginning at approximately 2.9 billion US dollars in 2005, there is notable growth with some fluctuations. Significant increases are observed around the years 2013 to 2014, where the value rose to over 10 billion US dollars, and this upward trajectory continues steadily to reach nearly 29 billion US dollars by 2025. The growth suggests consistent accumulation or conversion of resources into liquid or near-liquid assets, enhancing the company's capacity to finance its operations without reliance on external funding.
- Current Liabilities
- Current liabilities also demonstrate an increasing pattern, albeit with more variability and sharper short-term movements. From 979 million US dollars in 2005, liabilities escalated significantly to over 11 billion US dollars by 2025. There are periods of rapid increase, particularly from 2012 onwards, with some dips in 2013 and 2017 before rising again. The considerable rise in liabilities indicates increased obligations, possibly linked to expanded operations or financing activities requiring careful management to maintain financial stability.
- Current Ratio
- The current ratio, representing the ability to cover current liabilities with current assets, fluctuates within a range that mostly exceeds 2, which is generally considered a safe liquidity cushion. Starting at a ratio of 2.99 in 2005, it peaked around 3.1 in 2021, reflecting strong liquidity. Notable dips below 2 occur between 2008 and 2010, and again around 2016, suggesting periods of tighter liquidity. A remarkable peak of 4.46 in 2023 indicates a particularly strong liquidity position at that point, although this is followed by a decrease to about 2.5 by 2025. The fluctuations indicate active management of working capital and current resources relative to short-term obligations, with a general maintenance of a secure liquidity margin.
In summary, the company exhibits a positive trend of growing current assets alongside rising current liabilities. The current ratio stays predominantly above the critical threshold of 2, signaling prudent liquidity management and an overall strong ability to meet short-term liabilities. Despite fluctuations, the liquidity position remains robust, supporting operational and financial flexibility over the long term.
Comparison to Competitors
Micron Technology Inc., current ratio, long-term trends, comparison to competitors
| Micron Technology Inc. | Advanced Micro Devices Inc. | Analog Devices Inc. | Applied Materials Inc. | Broadcom Inc. | Intel Corp. | KLA Corp. | Lam Research Corp. | NVIDIA Corp. | Qualcomm Inc. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Aug 28, 2025 | |||||||||||
| Aug 29, 2024 | |||||||||||
| Aug 31, 2023 | |||||||||||
| Sep 1, 2022 | |||||||||||
| Sep 2, 2021 | |||||||||||
| Sep 3, 2020 | |||||||||||
| Aug 29, 2019 | |||||||||||
| Aug 30, 2018 | |||||||||||
| Aug 31, 2017 | |||||||||||
| Sep 1, 2016 | |||||||||||
| Sep 3, 2015 | |||||||||||
| Aug 28, 2014 | |||||||||||
| Aug 29, 2013 | |||||||||||
| Aug 30, 2012 | |||||||||||
| Sep 1, 2011 | |||||||||||
| Sep 2, 2010 | |||||||||||
| Sep 3, 2009 | |||||||||||
| Aug 28, 2008 | |||||||||||
| Aug 30, 2007 | |||||||||||
| Aug 31, 2006 | |||||||||||
| Sep 1, 2005 |
Based on: 10-K (reporting date: 2025-08-28), 10-K (reporting date: 2024-08-29), 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-09-01), 10-K (reporting date: 2021-09-02), 10-K (reporting date: 2020-09-03), 10-K (reporting date: 2019-08-29), 10-K (reporting date: 2018-08-30), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-09-01), 10-K (reporting date: 2015-09-03), 10-K (reporting date: 2014-08-28), 10-K (reporting date: 2013-08-29), 10-K (reporting date: 2012-08-30), 10-K (reporting date: 2011-09-01), 10-K (reporting date: 2010-09-02), 10-K (reporting date: 2009-09-03), 10-K (reporting date: 2008-08-28), 10-K (reporting date: 2007-08-30), 10-K (reporting date: 2006-08-31), 10-K (reporting date: 2005-09-01).
Comparison to Sector (Semiconductors & Semiconductor Equipment)
Micron Technology Inc., current ratio, long-term trends, comparison to sector (semiconductors & semiconductor equipment)
| Micron Technology Inc. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Aug 28, 2025 | ||
| Aug 29, 2024 | ||
| Aug 31, 2023 | ||
| Sep 1, 2022 | ||
| Sep 2, 2021 | ||
| Sep 3, 2020 | ||
| Aug 29, 2019 | ||
| Aug 30, 2018 | ||
| Aug 31, 2017 | ||
| Sep 1, 2016 | ||
| Sep 3, 2015 | ||
| Aug 28, 2014 | ||
| Aug 29, 2013 | ||
| Aug 30, 2012 | ||
| Sep 1, 2011 | ||
| Sep 2, 2010 | ||
| Sep 3, 2009 | ||
| Aug 28, 2008 | ||
| Aug 30, 2007 | ||
| Aug 31, 2006 | ||
| Sep 1, 2005 |
Based on: 10-K (reporting date: 2025-08-28), 10-K (reporting date: 2024-08-29), 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-09-01), 10-K (reporting date: 2021-09-02), 10-K (reporting date: 2020-09-03), 10-K (reporting date: 2019-08-29), 10-K (reporting date: 2018-08-30), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-09-01), 10-K (reporting date: 2015-09-03), 10-K (reporting date: 2014-08-28), 10-K (reporting date: 2013-08-29), 10-K (reporting date: 2012-08-30), 10-K (reporting date: 2011-09-01), 10-K (reporting date: 2010-09-02), 10-K (reporting date: 2009-09-03), 10-K (reporting date: 2008-08-28), 10-K (reporting date: 2007-08-30), 10-K (reporting date: 2006-08-31), 10-K (reporting date: 2005-09-01).
Comparison to Industry (Information Technology)
Micron Technology Inc., current ratio, long-term trends, comparison to industry (information technology)
| Micron Technology Inc. | Information Technology | |
|---|---|---|
| Aug 28, 2025 | ||
| Aug 29, 2024 | ||
| Aug 31, 2023 | ||
| Sep 1, 2022 | ||
| Sep 2, 2021 | ||
| Sep 3, 2020 | ||
| Aug 29, 2019 | ||
| Aug 30, 2018 | ||
| Aug 31, 2017 | ||
| Sep 1, 2016 | ||
| Sep 3, 2015 | ||
| Aug 28, 2014 | ||
| Aug 29, 2013 | ||
| Aug 30, 2012 | ||
| Sep 1, 2011 | ||
| Sep 2, 2010 | ||
| Sep 3, 2009 | ||
| Aug 28, 2008 | ||
| Aug 30, 2007 | ||
| Aug 31, 2006 | ||
| Sep 1, 2005 |
Based on: 10-K (reporting date: 2025-08-28), 10-K (reporting date: 2024-08-29), 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-09-01), 10-K (reporting date: 2021-09-02), 10-K (reporting date: 2020-09-03), 10-K (reporting date: 2019-08-29), 10-K (reporting date: 2018-08-30), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-09-01), 10-K (reporting date: 2015-09-03), 10-K (reporting date: 2014-08-28), 10-K (reporting date: 2013-08-29), 10-K (reporting date: 2012-08-30), 10-K (reporting date: 2011-09-01), 10-K (reporting date: 2010-09-02), 10-K (reporting date: 2009-09-03), 10-K (reporting date: 2008-08-28), 10-K (reporting date: 2007-08-30), 10-K (reporting date: 2006-08-31), 10-K (reporting date: 2005-09-01).