Current Ratio
since 2005
Calculation
Micron Technology Inc., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Sep 3, 2026 | 3.31 | = | 91,070) | ÷ | 27,482) |
| Aug 28, 2025 | 2.52 | = | 28,841) | ÷ | 11,454) |
| Aug 29, 2024 | 2.64 | = | 24,372) | ÷ | 9,248) |
| Aug 31, 2023 | 4.46 | = | 21,244) | ÷ | 4,765) |
| Sep 1, 2022 | 2.89 | = | 21,781) | ÷ | 7,539) |
| Sep 2, 2021 | 3.10 | = | 19,907) | ÷ | 6,424) |
| Sep 3, 2020 | 2.71 | = | 17,965) | ÷ | 6,635) |
| Aug 29, 2019 | 2.58 | = | 16,503) | ÷ | 6,390) |
| Aug 30, 2018 | 2.79 | = | 16,039) | ÷ | 5,754) |
| Aug 31, 2017 | 2.34 | = | 12,457) | ÷ | 5,334) |
| Sep 1, 2016 | 1.96 | = | 9,495) | ÷ | 4,835) |
| Sep 3, 2015 | 2.20 | = | 8,596) | ÷ | 3,905) |
| Aug 28, 2014 | 2.13 | = | 10,245) | ÷ | 4,811) |
| Aug 29, 2013 | 2.16 | = | 8,911) | ÷ | 4,125) |
| Aug 30, 2012 | 2.57 | = | 5,758) | ÷ | 2,243) |
| Sep 1, 2011 | 2.35 | = | 5,832) | ÷ | 2,480) |
| Sep 2, 2010 | 2.34 | = | 6,333) | ÷ | 2,702) |
| Sep 3, 2009 | 1.77 | = | 3,344) | ÷ | 1,892) |
| Aug 28, 2008 | 2.36 | = | 3,779) | ÷ | 1,598) |
| Aug 30, 2007 | 2.58 | = | 5,234) | ÷ | 2,026) |
| Aug 31, 2006 | 3.07 | = | 5,101) | ÷ | 1,661) |
| Sep 1, 2005 | 2.99 | = | 2,926) | ÷ | 979) |
Based on: 10-K (reporting date: 2026-09-03), 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 liquidity position of the entity demonstrates a consistent ability to cover short-term obligations, with the current ratio remaining well above 1.0 throughout the analyzed period from 2005 to 2026. While the ratio has experienced periods of volatility, the overall trend indicates a robust liquidity cushion, characterized by a significant expansion in both current assets and current liabilities in the latter years of the series.
- Liquidity Fluctuations (2005–2016)
- During the initial decade, the current ratio exhibited a general downward trend from a peak of 3.07 in 2006 to a period low of 1.77 in 2009. Following this trough, the ratio stabilized, fluctuating between 1.96 and 2.57. This period was marked by moderate growth in current assets, which rose from 2.9 billion US dollars in 2005 to approximately 9.5 billion US dollars by 2015.
- Liquidity Expansion and Peak (2017–2023)
- A sustained increase in liquidity is observed starting in 2017, with the current ratio climbing from 2.34 to a significant peak of 4.46 in 2023. This peak was driven by current assets reaching 21.2 billion US dollars while current liabilities decreased to 4.7 billion US dollars, representing the highest relative liquidity margin in the recorded history of the entity.
- Recent Trends and Projections (2024–2026)
- Following the 2023 peak, the current ratio normalized to 2.64 in 2024 and 2.52 in 2025. However, a substantial shift is observed in the 2026 projection, where current assets are expected to increase sharply to 91.1 billion US dollars. Despite a corresponding rise in current liabilities to 27.5 billion US dollars, the current ratio is projected to rise to 3.31, suggesting a massive scaling of operations while maintaining a strong short-term financial position.
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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. | Marvell Technology Inc. | NVIDIA Corp. | Qualcomm Inc. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sep 3, 2026 | 3.31 | — | — | — | — | — | 2.88 | 2.63 | 2.01 | 3.91 | — | — |
| Aug 28, 2025 | 2.52 | 2.85 | 2.19 | 2.61 | 1.71 | 2.02 | 2.62 | 2.21 | 1.54 | 4.44 | 2.82 | 4.35 |
| Aug 29, 2024 | 2.64 | 2.62 | 1.84 | 2.51 | 1.17 | 1.33 | 2.15 | 2.97 | 1.69 | 4.17 | 2.40 | 4.12 |
| Aug 31, 2023 | 4.46 | 2.51 | 1.37 | 2.60 | 2.82 | 1.54 | 2.24 | 3.16 | 1.37 | 3.52 | 2.33 | 4.55 |
| Sep 1, 2022 | 2.89 | 2.36 | 2.02 | 2.16 | 2.62 | 1.57 | 2.50 | 2.69 | 1.80 | 6.65 | 1.75 | 4.70 |
| Sep 2, 2021 | 3.10 | 2.02 | 1.94 | 2.54 | 2.64 | 2.10 | 2.71 | 3.30 | 1.50 | 4.09 | 1.68 | 5.33 |
| Sep 3, 2020 | 2.71 | 2.54 | 1.84 | 3.00 | 1.87 | 1.91 | 2.78 | 3.43 | 2.16 | 7.67 | 2.14 | 4.28 |
| Aug 29, 2019 | 2.58 | 1.95 | 1.32 | 2.30 | 1.44 | 1.40 | 2.44 | 3.61 | 2.19 | 7.94 | 1.88 | 4.13 |
| Aug 30, 2018 | 2.79 | 1.78 | 1.50 | 2.64 | 3.90 | 1.73 | 3.73 | 2.90 | 5.61 | 8.03 | 1.55 | 3.27 |
| Aug 31, 2017 | 2.34 | 1.76 | 1.47 | 3.14 | 6.26 | 1.69 | 3.40 | 3.10 | 4.59 | 4.77 | 4.00 | 3.87 |
| Sep 1, 2016 | 1.96 | 1.88 | 6.35 | 2.30 | 2.31 | 1.75 | 3.86 | 3.81 | 2.38 | 2.57 | 3.14 | 3.29 |
| Sep 3, 2015 | 2.20 | 1.65 | 3.66 | 2.44 | 3.37 | 2.58 | 3.90 | 2.38 | 5.25 | 6.38 | 3.62 | 2.77 |
| Aug 28, 2014 | 2.13 | 1.90 | 5.38 | 2.47 | 3.77 | 1.73 | 5.12 | 3.02 | 4.36 | 5.95 | 3.73 | 2.92 |
| Aug 29, 2013 | 2.16 | 1.78 | 9.59 | 2.31 | 4.30 | 2.36 | 5.05 | 2.70 | 4.25 | 4.89 | 3.75 | 2.92 |
| Aug 30, 2012 | 2.57 | 1.62 | 8.94 | 2.25 | 4.89 | 2.43 | 4.83 | 3.09 | 5.22 | 4.20 | 2.95 | 2.40 |
| Sep 1, 2011 | 2.35 | 1.82 | 8.35 | 3.71 | 3.98 | 2.15 | 4.17 | 4.79 | 5.79 | 3.42 | 2.70 | 2.24 |
| Sep 2, 2010 | 2.34 | 2.15 | 5.41 | 2.34 | 1.92 | 3.39 | 3.67 | 3.14 | 4.35 | 3.16 | 2.22 | 3.56 |
| Sep 3, 2009 | 1.77 | 1.93 | 6.44 | 2.93 | 1.36 | 2.79 | 4.25 | 3.51 | 3.81 | 2.78 | 4.47 | 3.85 |
| Aug 28, 2008 | 2.36 | 1.07 | 3.67 | 2.26 | — | 2.54 | 3.19 | 3.01 | 2.58 | 2.99 | 5.12 | 3.78 |
| Aug 30, 2007 | 2.58 | 1.45 | 3.61 | 2.78 | — | 2.79 | 3.03 | 2.11 | 1.90 | 3.18 | 3.91 | 3.42 |
| Aug 31, 2006 | 3.07 | 1.39 | 6.13 | 2.50 | — | 2.15 | 3.53 | 3.01 | 4.51 | 3.53 | 4.96 | 3.78 |
| Sep 1, 2005 | 2.99 | 1.95 | 4.56 | 5.35 | — | 2.30 | 3.44 | 3.28 | 4.74 | 3.10 | 7.28 | 3.92 |
Based on: 10-K (reporting date: 2026-09-03), 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 | |
|---|---|---|
| Sep 3, 2026 | 3.31 | — |
| Aug 28, 2025 | 2.52 | 2.61 |
| Aug 29, 2024 | 2.64 | 2.14 |
| Aug 31, 2023 | 4.46 | 2.42 |
| Sep 1, 2022 | 2.89 | 2.33 |
| Sep 2, 2021 | 3.10 | 2.45 |
| Sep 3, 2020 | 2.71 | 2.46 |
| Aug 29, 2019 | 2.58 | 2.04 |
| Aug 30, 2018 | 2.79 | 2.34 |
| Aug 31, 2017 | 2.34 | 2.92 |
| Sep 1, 2016 | 1.96 | 2.38 |
| Sep 3, 2015 | 2.20 | 2.86 |
| Aug 28, 2014 | 2.13 | 2.61 |
| Aug 29, 2013 | 2.16 | 2.89 |
| Aug 30, 2012 | 2.57 | 2.80 |
| Sep 1, 2011 | 2.35 | 2.73 |
| Sep 2, 2010 | 2.34 | 2.92 |
| Sep 3, 2009 | 1.77 | 3.02 |
| Aug 28, 2008 | 2.36 | 2.79 |
| Aug 30, 2007 | 2.58 | 2.78 |
| Aug 31, 2006 | 3.07 | 2.74 |
| Sep 1, 2005 | 2.99 | 3.23 |
Based on: 10-K (reporting date: 2026-09-03), 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 | |
|---|---|---|
| Sep 3, 2026 | 3.31 | — |
| Aug 28, 2025 | 2.52 | 1.39 |
| Aug 29, 2024 | 2.64 | 1.24 |
| Aug 31, 2023 | 4.46 | 1.41 |
| Sep 1, 2022 | 2.89 | 1.37 |
| Sep 2, 2021 | 3.10 | 1.55 |
| Sep 3, 2020 | 2.71 | 1.71 |
| Aug 29, 2019 | 2.58 | 1.66 |
| Aug 30, 2018 | 2.79 | 1.88 |
| Aug 31, 2017 | 2.34 | 2.04 |
| Sep 1, 2016 | 1.96 | 2.01 |
| Sep 3, 2015 | 2.20 | 2.04 |
| Aug 28, 2014 | 2.13 | 1.98 |
| Aug 29, 2013 | 2.16 | 2.20 |
| Aug 30, 2012 | 2.57 | 2.08 |
| Sep 1, 2011 | 2.35 | 2.12 |
| Sep 2, 2010 | 2.34 | 2.02 |
| Sep 3, 2009 | 1.77 | 2.04 |
| Aug 28, 2008 | 2.36 | 1.80 |
| Aug 30, 2007 | 2.58 | 1.79 |
| Aug 31, 2006 | 3.07 | 1.86 |
| Sep 1, 2005 | 2.99 | 2.02 |
Based on: 10-K (reporting date: 2026-09-03), 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).