Debt to Equity
since 2005
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Micron Technology Inc. pages available for free this week:
- Balance Sheet: Assets
- Analysis of Solvency Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Reportable Segments
- Capital Asset Pricing Model (CAPM)
- Dividend Discount Model (DDM)
- Net Profit Margin since 2005
- Return on Equity (ROE) since 2005
- Total Asset Turnover since 2005
- Price to Sales (P/S) since 2005
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Calculation
Micron Technology Inc., debt to equity, long-term trends, calculation
| Debt to equity | = | Total debt1 | ÷ | Total Micron shareholders’ equity1 | |
|---|---|---|---|---|---|
| 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: 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 reveals fluctuating trends in the company's leverage and equity base over the analyzed period. Total debt experienced significant variability, initially decreasing from 1,167 million US dollars in 2005 to a low of 571 million in 2006, followed by a steep increase peaking at 11,134 million in 2017. After a notable reduction in debt levels during 2018, debt rose again sharply reaching over 13,000 million US dollars by 2023 and 2024. Overall, total debt demonstrates the company's changing reliance on borrowed funds with periods of both aggressive borrowing and deleveraging.
Shareholders’ equity showed a general upward trajectory throughout the years. Starting from 5,847 million US dollars in 2005, equity increased steadily, with particularly strong growth observed from 2016 onwards, reaching a maximum of 50,000 million US dollars range by 2022. This upward trend in equity reflects accumulated profits, capital infusions, or valuation growth, contributing to a stronger equity base that can support additional debt or absorb potential losses.
The debt-to-equity ratio mirrors the movements seen in both total debt and shareholders’ equity. The ratio declined to a low of 0.07 in 2006, indicating minimal leverage, followed by an increase to a peak of 0.82 in 2016, suggesting heightened financial risk. Subsequently, the ratio decreased sharply, reaching as low as 0.14 in 2018 and 2019, before climbing back to around 0.3 in 2023 and 2024. This metric exhibits the alternating phases of conservative and leveraged capital structures, implying strategic adjustments to balance risk and growth.
- Total Debt
- Initial reduction, followed by multiple peaks and troughs, culminating in high levels near the end of the period.
- Total Shareholders’ Equity
- Consistent growth with acceleration from mid-period, indicating strengthening equity base.
- Debt to Equity Ratio
- Fluctuating ratios reflecting changing leverage, with periods of both low and high financial risk exposure.
In summary, the company demonstrates dynamic capital structure management, balancing growth and risk. The substantial increases in both equity and debt in recent years suggest strategic financing moves potentially aimed at expansion or investment, while the variation in leverage ratios indicates responsiveness to market conditions and internal policy shifts.
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 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: 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 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: 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 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: 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).