Debt to Equity
since 2005
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Micron Technology Inc. pages available for free this week:
- Analysis of Liquidity Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Price to FCFE (P/FCFE)
- Capital Asset Pricing Model (CAPM)
- Operating Profit Margin since 2005
- Return on Equity (ROE) since 2005
- Return on Assets (ROA) since 2005
- Price to Earnings (P/E) since 2005
- Price to Book Value (P/BV) since 2005
- Analysis of Debt
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Calculation
Micron Technology Inc., debt to equity, long-term trends, calculation
| Debt to equity | = | Total debt1 | ÷ | Shareholders’ equity1 | |
|---|---|---|---|---|---|
| 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
- Total Debt
- Over the analyzed period, total debt exhibited considerable variability. Initial debt started at 1,167 million USD and saw a significant drop in the subsequent year to 571 million USD. However, this was followed by a steep increase, reaching a peak of 11,577 million USD by 2025. Notably, after peaking around 2017 at over 11,000 million USD, total debt sharply declined by 2018 and 2019 but resumed an upward trend thereafter with fluctuations, culminating in the highest recorded debt level by the final year.
- Shareholders’ Equity
- Shareholders’ equity showed an overall upward trajectory, starting from 5,847 million USD and increasing substantially to 54,165 million USD by the end of the period. Despite some oscillations, the equity value expanded markedly especially after 2013. The most pronounced growth occurred between 2013 and 2021, where equity more than quadrupled, indicating strong capital accumulation or retained earnings growth.
- Debt to Equity Ratio
- The debt to equity ratio mirrored the fluctuations observed in debt and equity levels. Initially low at 0.2, it fell to a minimal 0.07 before climbing as high as 0.82 in 2016. This peak suggests a relatively high leverage position during that year. Following this, the ratio declined sharply and remained relatively stable at low levels around 0.14 to 0.17 for several years. Towards the end of the period, the ratio rose again to around 0.3, indicating a moderate increase in leverage but still well below mid-period peaks.
- Overall Analysis
- The data reflect a company that significantly increased its equity base while managing fluctuating levels of debt. Periods of high debt leverage appear temporary and are followed by deleveraging phases, suggesting active debt management or responses to market or operational conditions. The substantial growth in shareholders' equity across the timeline may indicate profitability, successful capital raising efforts, or asset appreciation. The trends in the debt to equity ratio highlight phases of both cautious balance sheet management and periods of relatively higher leverage. Overall, the company seems to maintain a balanced approach to financing, with equity growth outpacing debt increases in the long term.
Comparison to Competitors
Micron Technology Inc., debt to equity, 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., debt to equity, 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., debt to equity, 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).