Micron Common Stock Total Equity vs Total Current Liabilities Analysis

MU Stock

USD 130.55 0.48 0.37%

Micron Technology financial indicator trend analysis is infinitely more than just investigating Micron Technology recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Micron Technology is a good investment. Please check the relationship between Micron Technology Common Stock Total Equity and its Total Current Liabilities accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Micron Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

For more information on how to buy Micron Stock please use our How to Invest in Micron Technology guide.

Common Stock Total Equity vs Total Current Liabilities

Common Stock Total Equity vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Micron Technology Common Stock Total Equity account and Total Current Liabilities. At this time, the significance of the direction appears to have strong relationship.

The correlation between Micron Technology's Common Stock Total Equity and Total Current Liabilities is 0.79. Overlapping area represents the amount of variation of Common Stock Total Equity that can explain the historical movement of Total Current Liabilities in the same time period over historical financial statements of Micron Technology, assuming nothing else is changed. The correlation between historical values of Micron Technology's Common Stock Total Equity and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock Total Equity of Micron Technology are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Common Stock Total Equity i.e., Micron Technology's Common Stock Total Equity and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.79

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Common Stock Total Equity

The total value of common stock equity held by shareholders, representing their ownership interest in the company.

Total Current Liabilities

Total Current Liabilities is an item on Micron Technology balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Micron Technology are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Most indicators from Micron Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Micron Technology current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Micron Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

For more information on how to buy Micron Stock please use our How to Invest in Micron Technology guide.At this time, Micron Technology's Tax Provision is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 37.18 in 2024, whereas Selling General Administrative is likely to drop slightly above 620.4 M in 2024.

	2021	2022	2023	2024 (projected)
Cost Of Revenue	16.9B	17.0B	19.5B	20.5B
EBITDA	16.9B	2.7B	3.1B	3.5B

Cost Of Revenue Ebitda

Micron Technology fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Other Current Liab	Short Term Debt	Accounts Payable	Current Deferred Revenue	Common Stock Total Equity	Short Term Investments	Property Plant And Equipment Gross
Total Assets		0.75	0.78	0.99	1.0	0.14	0.97	0.99	1.0	0.83	0.99	0.48	0.4	0.81	0.95	-0.2	-0.31	0.32	0.99	0.77	-0.35	0.93	-0.24	0.61	0.63	1.0
Short Long Term Debt Total	0.75		0.47	0.64	0.74	0.75	0.62	0.74	0.75	0.66	0.75	0.05	0.34	0.99	0.84	-0.16	-0.08	0.27	0.75	0.78	-0.07	0.62	-0.49	0.5	0.46	0.74
Total Current Liabilities	0.78	0.47		0.76	0.74	-0.09	0.7	0.8	0.76	0.48	0.79	0.8	0.71	0.48	0.61	0.1	0.1	0.54	0.8	0.48	0.08	0.92	0.13	0.79	0.4	0.73
Total Stockholder Equity	0.99	0.64	0.76		0.99	-0.01	0.99	0.97	0.99	0.82	0.98	0.51	0.35	0.72	0.91	-0.22	-0.37	0.28	0.98	0.71	-0.41	0.92	-0.19	0.56	0.63	0.99
Property Plant And Equipment Net	1.0	0.74	0.74	0.99		0.13	0.98	0.98	1.0	0.83	0.99	0.44	0.34	0.81	0.95	-0.24	-0.36	0.29	0.98	0.77	-0.41	0.91	-0.25	0.56	0.62	1.0
Net Debt	0.14	0.75	-0.09	-0.01	0.13		-0.02	0.11	0.14	0.18	0.14	-0.41	0.07	0.68	0.32	-0.1	0.12	0.03	0.13	0.43	0.17	0.0	-0.53	0.12	0.17	0.13
Retained Earnings	0.97	0.62	0.7	0.99	0.98	-0.02		0.95	0.98	0.79	0.96	0.46	0.26	0.7	0.91	-0.29	-0.49	0.23	0.95	0.71	-0.48	0.88	-0.21	0.47	0.66	0.98
Cash	0.99	0.74	0.8	0.97	0.98	0.11	0.95		0.98	0.8	1.0	0.49	0.44	0.79	0.93	-0.13	-0.24	0.37	0.99	0.74	-0.28	0.94	-0.19	0.63	0.52	0.98
Non Current Assets Total	1.0	0.75	0.76	0.99	1.0	0.14	0.98	0.98		0.82	0.99	0.46	0.38	0.81	0.95	-0.22	-0.34	0.31	0.99	0.77	-0.38	0.92	-0.24	0.58	0.64	1.0
Non Currrent Assets Other	0.83	0.66	0.48	0.82	0.83	0.18	0.79	0.8	0.82		0.82	0.21	0.3	0.74	0.85	-0.29	-0.18	-0.04	0.82	0.73	-0.5	0.72	-0.4	0.52	0.5	0.83
Cash And Short Term Investments	0.99	0.75	0.79	0.98	0.99	0.14	0.96	1.0	0.99	0.82		0.48	0.44	0.81	0.95	-0.15	-0.26	0.37	1.0	0.76	-0.28	0.94	-0.22	0.63	0.59	0.99
Net Receivables	0.48	0.05	0.8	0.51	0.44	-0.41	0.46	0.49	0.46	0.21	0.48		0.69	0.06	0.21	0.3	0.18	0.44	0.51	0.17	0.06	0.65	0.34	0.66	0.25	0.43
Common Stock Shares Outstanding	0.4	0.34	0.71	0.35	0.34	0.07	0.26	0.44	0.38	0.3	0.44	0.69		0.3	0.29	0.42	0.57	0.53	0.46	0.25	0.39	0.59	0.14	0.95	0.28	0.33
Non Current Liabilities Total	0.81	0.99	0.48	0.72	0.81	0.68	0.7	0.79	0.81	0.74	0.81	0.06	0.3		0.89	-0.23	-0.17	0.21	0.8	0.81	-0.2	0.67	-0.49	0.49	0.51	0.8
Inventory	0.95	0.84	0.61	0.91	0.95	0.32	0.91	0.93	0.95	0.85	0.95	0.21	0.29	0.89		-0.29	-0.33	0.22	0.94	0.83	-0.33	0.83	-0.44	0.51	0.6	0.95
Other Current Assets	-0.2	-0.16	0.1	-0.22	-0.24	-0.1	-0.29	-0.13	-0.22	-0.29	-0.15	0.3	0.42	-0.23	-0.29		0.57	0.74	-0.16	-0.08	0.54	-0.07	0.08	0.23	-0.28	-0.24
Other Stockholder Equity	-0.31	-0.08	0.1	-0.37	-0.36	0.12	-0.49	-0.24	-0.34	-0.18	-0.26	0.18	0.57	-0.17	-0.33	0.57		0.25	-0.23	-0.26	0.67	-0.07	0.25	0.4	-0.5	-0.37
Total Liab	0.32	0.27	0.54	0.28	0.29	0.03	0.23	0.37	0.31	-0.04	0.37	0.44	0.53	0.21	0.22	0.74	0.25		0.34	0.28	0.48	0.4	0.02	0.46	0.13	0.28
Total Current Assets	0.99	0.75	0.8	0.98	0.98	0.13	0.95	0.99	0.99	0.82	1.0	0.51	0.46	0.8	0.94	-0.16	-0.23	0.34		0.76	-0.27	0.94	-0.23	0.65	0.59	0.98
Other Current Liab	0.77	0.78	0.48	0.71	0.77	0.43	0.71	0.74	0.77	0.73	0.76	0.17	0.25	0.81	0.83	-0.08	-0.26	0.28	0.76		-0.22	0.63	-0.78	0.42	0.52	0.76
Short Term Debt	-0.35	-0.07	0.08	-0.41	-0.41	0.17	-0.48	-0.28	-0.38	-0.5	-0.28	0.06	0.39	-0.2	-0.33	0.54	0.67	0.48	-0.27	-0.22		-0.19	0.13	0.18	-0.26	-0.41
Accounts Payable	0.93	0.62	0.92	0.92	0.91	0.0	0.88	0.94	0.92	0.72	0.94	0.65	0.59	0.67	0.83	-0.07	-0.07	0.4	0.94	0.63	-0.19		-0.04	0.74	0.48	0.91
Current Deferred Revenue	-0.24	-0.49	0.13	-0.19	-0.25	-0.53	-0.21	-0.19	-0.24	-0.4	-0.22	0.34	0.14	-0.49	-0.44	0.08	0.25	0.02	-0.23	-0.78	0.13	-0.04		0.04	-0.28	-0.25
Common Stock Total Equity	0.61	0.5	0.79	0.56	0.56	0.12	0.47	0.63	0.58	0.52	0.63	0.66	0.95	0.49	0.51	0.23	0.4	0.46	0.65	0.42	0.18	0.74	0.04		0.39	0.55
Short Term Investments	0.63	0.46	0.4	0.63	0.62	0.17	0.66	0.52	0.64	0.5	0.59	0.25	0.28	0.51	0.6	-0.28	-0.5	0.13	0.59	0.52	-0.26	0.48	-0.28	0.39		0.62
Property Plant And Equipment Gross	1.0	0.74	0.73	0.99	1.0	0.13	0.98	0.98	1.0	0.83	0.99	0.43	0.33	0.8	0.95	-0.24	-0.37	0.28	0.98	0.76	-0.41	0.91	-0.25	0.55	0.62

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Micron Technology Account Relationship Matchups

Micron Technology fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	53.7B	58.8B	66.3B	64.3B	73.9B	77.6B
Short Long Term Debt Total	7.2B	7.3B	7.5B	13.9B	16.0B	16.8B
Total Current Liabilities	6.6B	6.4B	7.5B	4.8B	5.5B	5.8B
Total Stockholder Equity	39.0B	43.9B	49.9B	44.1B	50.7B	53.3B
Property Plant And Equipment Net	31.6B	33.8B	39.2B	38.6B	44.4B	46.6B
Net Debt	(448M)	(483M)	(746M)	5.4B	6.2B	6.5B
Retained Earnings	33.4B	39.1B	47.3B	40.8B	46.9B	49.3B
Cash	7.6B	7.8B	8.3B	8.6B	9.9B	10.4B
Non Current Assets Total	35.7B	38.9B	44.5B	43.0B	49.5B	51.9B
Non Currrent Assets Other	781M	1.1B	1.3B	1.3B	1.5B	1.5B
Cash And Short Term Investments	8.1B	8.6B	9.3B	9.6B	11.0B	11.6B
Net Receivables	3.9B	5.3B	5.1B	2.4B	2.8B	1.6B
Common Stock Shares Outstanding	1.1B	1.1B	1.1B	1.1B	1.3B	783.8M
Liabilities And Stockholders Equity	53.7B	58.8B	66.3B	64.3B	73.9B	77.6B
Non Current Liabilities Total	8.0B	8.5B	8.8B	15.4B	17.7B	18.6B
Inventory	5.6B	4.5B	6.7B	8.4B	9.6B	10.1B
Other Current Assets	304M	502M	644M	820M	943M	859.6M
Other Stockholder Equity	5.4B	4.8B	3.1B	3.5B	4.0B	4.4B
Total Liab	14.7B	14.9B	16.4B	20.1B	23.2B	24.3B
Total Current Assets	18.0B	19.9B	21.8B	21.2B	24.4B	25.7B
Other Current Liab	548M	944M	5.3B	4.5B	5.2B	5.4B
Short Term Debt	270M	155M	103M	278M	319.7M	383.4M
Accounts Payable	2.2B	1.7B	2.1B	1.7B	2.0B	2.1B
Current Deferred Revenue	1.6B	3.6B	3.6B	(1.7B)	(2.0B)	(1.9B)
Common Stock Total Equity	118M	119M	122M	123M	141.5M	89.5M
Short Term Investments	518M	870M	1.1B	1.0B	1.2B	684.0M
Property Plant And Equipment Gross	31.6B	33.8B	39.2B	38.6B	44.4B	46.6B
Accumulated Other Comprehensive Income	71M	2M	(560M)	(312M)	(358.8M)	(340.9M)
Intangible Assets	334M	349M	421M	404M	464.6M	329.0M
Common Stock	119M	122M	123M	124M	142.6M	86.4M
Other Liab	1.1B	1.4B	1.4B	1.7B	2.0B	2.1B
Other Assets	1.5B	1.8B	2.0B	1.8B	2.1B	2.2B
Long Term Debt	6.0B	6.6B	6.8B	13.1B	15.0B	15.8B
Property Plant Equipment	31.6B	33.8B	39.2B	38.6B	44.4B	46.6B
Net Tangible Assets	37.4B	42.4B	48.3B	42.6B	49.0B	26.3B
Retained Earnings Total Equity	24.4B	30.8B	39.1B	47.3B	54.4B	57.1B

Pair Trading with Micron Technology

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Micron Technology position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Micron Technology will appreciate offsetting losses from the drop in the long position's value.

Moving together with Micron Stock

0.68

FSLR

First Solar

Pair Corr

Moving against Micron Stock

0.69	MFH	Mercurity Fintech Holding	Pair Corr
0.63	INTC	Intel Financial Report 25th of July 2024	Pair Corr
0.63	S	SentinelOne	Pair Corr
0.6	IBM	International Business Financial Report 17th of July 2024	Pair Corr
0.57	LPL	LG Display	Pair Corr

The ability to find closely correlated positions to Micron Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Micron Technology when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Micron Technology - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Micron Technology to buy it.

The correlation of Micron Technology is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Micron Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Micron Technology moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Micron Technology can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Micron Stock Analysis

When running Micron Technology's price analysis, check to measure Micron Technology's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Micron Technology is operating at the current time. Most of Micron Technology's value examination focuses on studying past and present price action to predict the probability of Micron Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Micron Technology's price. Additionally, you may evaluate how the addition of Micron Technology to your portfolios can decrease your overall portfolio volatility.

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