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Micron

NASDAQ: MU · USD

Micron debt and dilution72

Borrowings, liquidity, share count and stock-based dilution.

Total debt

USD millions

$5,722M
Dec 3, 2009 through May 28, 2026

Cash & equivalents

USD millions

$24,995M

Net debt

USD millions

$-19,273M

Debt / equity

×

0.06×

Debt / assets

%

4.27%

Net debt / EBITDA

× · TTM

-0.28×

Debt / FCF

× · TTM

0.22×

Interest coverage

× · TTM

257.58×

Current ratio

×

3.42×

Diluted shares

Million shares

1,145M shares

Basic shares

Million shares

1,128M shares

Share count growth

%

0.89%

Share repurchases

USD millions

$0M

Quarterly data

Micron capital history. Each metric has its own unit. A dash means inputs are missing or the calculation is undefined.
Fiscal periodEndedTotal debtUSD millionsCash & equivalentsUSD millionsNet debtUSD millionsDebt / equity×Debt / assets%Net debt / EBITDA×Debt / FCF×Interest coverage×Current ratio×Diluted sharesMillion sharesBasic sharesMillion sharesShare count growth%Share repurchasesUSD millions
FY 2026 Q3May 28, 20265,72224,995-19,2730.06×4.27%-0.28×0.22×257.58×3.42×1,1451,1280.89%0
FY 2026 Q2Feb 26, 202610,14213,908-3,7660.14×9.99%-0.1×0.99×79.59×2.9×1,1421,1260.99%350
FY 2026 Q1Nov 27, 202511,7569,7312,0250.2×13.67%0.09×2.53×31.71×2.46×1,1381,1251.26%300
FY 2025 Q4Aug 28, 202514,5779,6424,9350.27×17.61%0.27×8.74×20.48×2.52×1,1311,1221.26%0
FY 2025 Q3May 29, 202515,54110,1635,3780.31×19.82%0.34×8.26×15.62×2.75×1,1251,1180.99%0
FY 2025 Q2Feb 27, 202514,3557,5526,8030.3×19.65%0.48×23.69×11.99×3.13×1,1231,1151%0
FY 2025 Q1Nov 28, 202413,7856,6937,0920.29×19.29%0.57×24.88×8.41×2.72×1,1221,1111%0
FY 2024 Q4Aug 29, 202413,3977,0416,3560.3×19.3%0.7×110.72×2.32×2.64×1,1601,1081.09%300
FY 2024 Q3May 30, 202413,2587,5945,6640.3×20.01%0.94×—-3.05×3.41×1,1231,1071.19%0
FY 2024 Q2Feb 29, 202413,7228,0165,7060.31×20.88%1.6×—-7.96×3.74×1,1141,1041.19%0
FY 2024 Q1Nov 30, 202313,5058,0755,4300.31×21.18%5×—-14.21×3.53×1,1001,1000.92%0
FY 2023 Q4Aug 31, 202313,3308,5774,7530.3×20.75%2.36×—-14.81×4.46×1,0961,096-0.09%0
FY 2023 Q3Jun 1, 202313,2459,2983,9470.29×20.17%0.8×—-9.05×4.26×1,0941,094-1.62%0
FY 2023 Q2Mar 2, 202312,2749,7982,4760.26×18.45%0.26×—8.79×4.17×1,0911,091-2.5%0
FY 2023 Q1Dec 1, 202210,2659,5746910.21×15.12%0.05×10.98×35.19×3.51×1,0901,090-2.59%425
FY 2022 Q4Sep 1, 20226,9068,262-1,3560.14×10.42%-0.08×2.22×51.33×2.89×1,1071,097-2.32%784
FY 2022 Q3Jun 2, 20226,9639,157-2,1940.14×10.66%-0.12×1.44×58.3×3.24×1,1211,112-0.8%981
FY 2022 Q2Mar 3, 20227,0769,116-2,0400.15×11.11%-0.12×1.46×51.46×3.11×1,1301,119-0.09%408
FY 2022 Q1Dec 2, 20217,0228,680-1,6580.15×11.47%-0.11×1.81×44.71×3.1×1,1301,1190.36%259
FY 2021 Q4Sep 2, 20216,7767,763-9870.15×11.51%-0.08×2.78×34.33×3.1×1,1411,1231.17%1,144
FY 2021 Q3Jun 3, 20216,7157,759-1,0440.16×12%-0.1×11.99×24.11×3.4×1,1451,1210.9%150
FY 2021 Q2Mar 4, 20216,6216,5071140.16×12.23%0.01×—18.71×3.18×1,1441,1200.81%0
FY 2021 Q1Dec 3, 20206,6295,9856440.17×12.35%0.07×—17.18×2.91×1,1351,1150.72%0
FY 2020 Q4Sep 3, 20206,6437,624-9810.17×12.38%-0.11×80.04×15.48×2.71×1,1311,1100.45%48
FY 2020 Q3May 28, 20206,6868,267-1,5810.18×12.86%-0.2×22.51×13.64×2.89×1,1291,1110.54%44
FY 2020 Q2Feb 27, 20205,4257,118-1,6930.15×10.93%-0.21×10.31×16.26×2.74×1,1331,111-0.27%70
FY 2020 Q1Nov 28, 20195,6506,969-1,3190.15×11.38%-0.14×4.13×29.12×2.56×1,1291,107-2.29%89
FY 2019 Q4Aug 29, 20195,8517,152-1,3010.16×11.97%-0.1×1.72×57.63×2.58×1,1281,105-4.58%2
FY 2019 Q3May 30, 20194,9095,157-2480.14×10.61%-0.02×0.8×79.88×2.79×1,1291,105-4.66%159
FY 2019 Q2Feb 28, 20196,2386,353-1150.18×13.14%-0.01×0.82×73.93×2.25×1,1411,114-3.63%732
FY 2019 Q1Nov 29, 20184,1324,447-3150.12×9.27%-0.02×0.46×62.37×2.9×1,1741,133-0.09%1,836
FY 2018 Q4Aug 30, 20184,6366,506-1,8700.14×10.69%-0.09×0.54×43.84×2.79×1,2171,1584.32%2
FY 2018 Q3May 31, 20187,3446,8085360.25×17.55%0.03×0.97×29.82×2.63×1,2351,1594.79%2
FY 2018 Q2Mar 1, 20189,3167,8281,4880.35×22.58%0.1×1.32×21.69×2.58×1,2381,1565.19%44
FY 2018 Q1Nov 30, 20179,0456,0083,0370.39×24.32%0.24×1.73×14.69×2.39×1,2251,1349.04%23
FY 2017 Q4Aug 31, 201711,1345,1096,0250.57×31.51%0.62×3.26×9.76×2.34×1,1901,1106.83%0
FY 2017 Q3Jun 1, 201711,6464,0487,5980.68×35.01%1.11×25.65×5.67×2.14×1,1771,1066.76%2
FY 2017 Q2Mar 2, 201712,4253,6338,7920.82×38.4%1.92×—2.47×1.91×1,1601,0996.08%20
FY 2017 Q1Dec 1, 20169,6454,1395,5060.73×34.65%1.67×—0.61×1.71×1,0911,0400.48%13
FY 2016 Q4Sep 1, 20169,9104,1405,7700.77×35.98%1.83×—0.38×1.96×1,0391,039-2.34%1
FY 2016 Q3Jun 2, 20169,6314,6275,0040.74×35.67%1.39×—1.56×2.25×1,0361,036-3.45%0
FY 2016 Q2Mar 3, 20167,6193,0784,5410.58×30.7%1.09×—3.29×2×1,0361,036-3.54%12
FY 2016 Q1Dec 3, 20157,3772,6054,7720.56×30.25%0.97×18.72×5.69×2.11×1,0851,035-3.27%135
FY 2015 Q4Sep 3, 20157,3412,2875,0540.55×30.41%0.87×6.18×8.08×2.2×1,123.851,063.85-0.2%639
FY 2015 Q3Jun 4, 20157,5513,6943,8570.57×30.04%0.65×3.55×11.84×2.19×1,1701,0730.56%1
FY 2015 Q2Mar 5, 20156,7183,5473,1710.51×28.21%0.53×2.69×13.36×2.41×1,1901,0741.32%218
FY 2015 Q1Dec 4, 20145,7763,7642,0120.46×25.62%0.34×1.94×13.41×2.19×1,1951,0702.29%26
FY 2014 Q4Aug 28, 20146,5934,1502,4430.57×29.3%0.46×2.17×15.06×2.13×1,2041,0663.18%1
FY 2014 Q3May 29, 20145,6454,0621,5830.53×27.54%0.35×1.73×7.52×2.04×1,1901,0674.2%2
FY 2014 Q2Feb 27, 20146,5474,3052,2420.65×31.76%0.59×2.4×5.88×1.88×1,2011,0604.33%31
FY 2014 Q1Nov 28, 20135,8033,6542,1490.57×29.32%0.76×3.32×3.21×2.08×1,1961,0463.19%42
FY 2013 Q4Aug 29, 20136,0372,8803,1570.6×31.58%1.46×10.65×1.02×2.16×1,171.51,033.11.97%0
FY 2013 Q3May 30, 20133,6242,4401,1840.45×25.78%0.71×14.61×-0.78×2.51×1,046.61,0243.72%0
FY 2013 Q2Feb 28, 20133,6512,0611,5900.46×26.24%1.13×15.54×-2.3×2.53×1,0161,0163.38%3
FY 2013 Q1Nov 29, 20123,4352,1021,3330.42×24.42%0.99×6.74×-3.45×2.49×1,013.71,013.73.29%2
FY 2012 Q4Aug 30, 20123,2622,4598030.39×22.77%0.53×7.86×-3.45×2.57×1,013.11,013.12.11%—
FY 2012 Q3May 31, 20123,1982,1911,0070.38×22.34%0.6×—-3.39×2.59×987.3987.3-1.16%—
FY 2012 Q2Mar 1, 20122,3152,0942210.25×16.37%0.1×—-0.79×2.69×982.8982.8-0.54%—
FY 2012 Q1Dec 1, 20112,1191,9152040.22×14.91%0.08×—2.34×2.72×981.4981.40.87%—
FY 2011 Q4Sep 1, 20112,0012,160-1590.2×13.56%-0.06×—6.09×2.35×919.3992.2——
FY 2011 Q3Jun 2, 20111,5722,395-8230.16×10.79%———2.34×1,041.7998.9——
FY 2011 Q2Mar 3, 20111,7402,184-4440.17×12.09%———2.18×1,037.3988.1——
FY 2011 Q1Dec 2, 20101,8162,411-5950.18×12.42%———2.1×1,031.3972.914.96%—
FY 2010 Q1Dec 3, 20092,7611,5651,1960.39×23.55%———1.68×1,000.7846.3——
Sources and calculations

Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.

Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.

The SBC option subtracts reported share-based compensation from FCF as an economic-cost scenario. Missing SBC never becomes zero.

Debt uses reported borrowings, with overlapping concepts treated as alternatives. Cash excludes restricted cash and short-term investments. Dilution compares split-normalized weighted average basic shares year over year. Share buyback spending does not by itself measure shares retired.

Market prices: Yahoo Finance · MU, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.

Total debt
Reported borrowing balances. Uses an aggregate including current maturities, or current plus noncurrent debt. Adds separately disclosed short-term borrowings, with commercial paper as a fallback, unless the selected current/aggregate concept already includes them. Finance leases are included when part of the reported debt concept; undisclosed components are not estimated.
Cash & equivalents
Unrestricted reported cash and cash equivalents. Excludes short-term investments and restricted cash.
Net debt
Total debt − cash and equivalents. Negative means net cash.
Debt / equity
Total debt / equity including noncontrolling interests. Nonpositive equity yields unavailable.
Debt / assets
Total debt / total assets × 100.
Net debt / EBITDA
Period-end net debt / (TTM operating income + TTM depreciation and amortization). Negative net debt is retained.
Debt / FCF
Period-end reported debt / positive TTM free cash flow. Reflects the selected reported capex scope and SBC option.
Interest coverage
TTM operating income / positive TTM interest expense. IFRS finance costs can include more than interest.
Current ratio
Current assets / positive current liabilities.
Diluted shares
Reported weighted average diluted shares, normalized for subsequent recorded stock splits. Fourth-quarter counts use a day-weighted annual/nine-month reconstruction where possible.
Basic shares
Reported weighted average basic shares, normalized for subsequent recorded stock splits.
Share count growth
Year-over-year change in split-normalized weighted average basic shares × 100. A dilution proxy; negative means a lower share count.
Share repurchases
Reported cash payments for repurchase of common shares. This is spending, not a buyback yield.