Current Ratio
Updated 80h ago
Sector Performance
92th percentileMU
3.42x
Sector Median
1.20x
Sector Avg
2.57x
Deep Analysis
The current ratio measures a company’s ability to pay short-term debts with its short-term assets; MU’s 3.42x means it holds $3.42 in current assets for every $1 of current liabilities, indicating strong liquidity.
Compared to sector peers, this is far above the sector median of 1.20x, placing MU in the 92nd percentile among those peers. Trend data is not available: the year-over-year change is N/A, the quarter-over-quarter change is N/A, and no historical values beyond the current figure are provided. Because the current ratio is very high but no directional trend can be assessed, the level alone suggests low short-term default risk, yet the absence of a trend leaves the outlook for liquidity unchanged. This metric supports the overall NEUTRAL verdict: strong liquidity is a positive factor, but without trend information it does not justify a bullish or bearish shift.
Frequently Asked Questions
What does the Current Ratio tell investors about MU?
Measures short-term financial health. A ratio above 1.5 is generally healthy; below 1.0 may indicate liquidity stress.
How is the Current Ratio calculated?
Current Ratio is calculated as: Current Assets / Current Liabilities.
Who are MU's closest peers by Current Ratio?
The closest peers by Current Ratio include: SPG (0.41x), CHTR (0.40x), USB (0.40x), GEN (0.40x), DRI (0.39x).
The Formula
Current Assets / Current Liabilities
Why It Matters
Measures short-term financial health. A ratio above 1.5 is generally healthy; below 1.0 may indicate liquidity stress.
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3.42x
Sector Median
1.20x
Sector Avg
2.57x
How MU's Current Ratio compares to sector peers.
Also Analyze
Not financial advice. Research tool only. Data may be delayed.