Stock Analysis on Net

Micron Technology Inc. (NASDAQ:MU)

$24.99

Current Ratio
since 2005

Microsoft Excel

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Calculation

Micron Technology Inc., current ratio, long-term trends, calculation

Microsoft Excel

Based on: 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


Current Assets Trend
Current assets demonstrate an overall upward trajectory over the analyzed period. Starting at $2,926 million in 2005, the figure increases notably with some fluctuations, reaching as high as $24,372 million in 2024. There are noticeable jumps in certain years, such as between 2009 and 2010, and a consistent rise from 2015 onwards, indicating growth in liquidity and asset accumulation over time.
Current Liabilities Trend
Current liabilities also increase significantly, starting at $979 million in 2005 and rising to $9,248 million by 2024. The data reveals periods of rapid growth, especially from 2012 to 2014 and again in 2023 to 2024. However, fluctuations are present, with dips in some years such as 2013 and 2023, suggesting variations in short-term obligations management.
Current Ratio Analysis
The current ratio exhibits considerable variability. Initially, it remains above 2.5 until 2008, indicating strong short-term liquidity. A decline follows, hitting a low of 1.77 in 2009, reflecting tighter liquidity conditions. From 2010 onwards, the ratio generally recovers, often staying above 2.0, with peaks such as 3.1 in 2021 and notably 4.46 in 2023, suggesting strong liquidity at these times. However, the drop to 2.64 in 2024 indicates a relative tightening compared to the previous year.
Overall Insights
Both current assets and current liabilities show growth, but the rate of increase in assets generally outpaces liabilities, contributing to a stable or improving current ratio in most years. The fluctuations in the current ratio demonstrate varying short-term financial management strategies or external economic influences impacting liquidity. The notably high current ratio in 2023 indicates a strong liquidity buffer, while the decrease in 2024 suggests a potential shift toward a more balanced working capital structure.

Comparison to Competitors

Micron Technology Inc., current ratio, long-term trends, comparison to competitors

Microsoft Excel

Based on: 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)

Microsoft Excel

Based on: 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)

Microsoft Excel

Based on: 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).