Dollar Amounts
USD (Millions)
Balance sheet data in USD (millions)
Doing some research...
Over the five-year period Micron’s total assets increased from $58,849m in 2021 to $82,798m in 2025 (≈+40.7%), with a modest dip in 2023 before accelerating through 2024–2025. Liabilities rose much more sharply, almost doubling from $14,916m to $28,633m (≈+91.9%). As a result the liabilities-to-assets ratio climbed from about 25% in 2021–2022 to roughly 35% in 2023–2025, reflecting a meaningful increase in leverage and funding needs even as the asset base expanded. Stockholders’ equity moved from $43,933m to $54,165m over the period (≈+23.3%) but showed volatility: a peak in 2022 ($49,907m) was followed by a decline in 2023–2024 and a recovery in 2025. The equity-to-assets ratio fell from ~75% to ~65%, signalling that growth has been more debt-funded in recent years. These patterns are consistent with semiconductor-cycle dynamics—periodic earnings volatility, heavy capital expenditure and working-capital swings—so the balance sheet now shows a larger asset base and still-substantial equity but materially higher leverage. Investors should watch cash generation and capital-spend plans to assess whether the higher liabilities are supporting sustainable growth or raising financial risk in a cyclical industry.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.