The Michaels (The Michaels) Cash-to-Debt : 0.28 (As of Jan. 2021)

View and export this data going back to 2014. Start your Free Trial

What is The Michaels Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. The Michaels's cash to debt ratio for the quarter that ended in Jan. 2021 was 0.28.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, The Michaels couldn't pay off its debt using the cash in hand for the quarter that ended in Jan. 2021.

The historical rank and industry rank for The Michaels's Cash-to-Debt or its related term are showing as below:

MIK' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.11 Max: 0.28
Current: 0.28

During the past 11 years, The Michaels's highest Cash to Debt Ratio was 0.28. The lowest was 0.02. And the median was 0.11.

MIK's Cash-to-Debt is not ranked
in the Retail - Cyclical industry.
Industry Median: 0.465 vs MIK: 0.28

The Michaels Cash-to-Debt Historical Data

The historical data trend for The Michaels's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

* Premium members only.

The Michaels Cash-to-Debt Chart

The Michaels Annual Data

Trend

Jan12

Jan13

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Cash-to-Debt

Get a 7-Day Free Trial

0.11

0.16

0.09

0.10

0.28

The Michaels Quarterly Data
	Apr16	Jul16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21
Cash-to-Debt	Get a 7-Day Free Trial															0.10	0.19	0.15	0.21	0.28

Competitive Comparison of The Michaels's Cash-to-Debt

For the Specialty Retail subindustry, The Michaels's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

The Michaels's Cash-to-Debt Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, The Michaels's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where The Michaels's Cash-to-Debt falls into.

The Michaels Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

The Michaels's Cash to Debt Ratio for the fiscal year that ended in Jan. 2021 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	1194.389	/	(340.938	+	3859.347)
	=	0.28

The Michaels's Cash to Debt Ratio for the quarter that ended in Jan. 2021 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	1194.389	/	(340.938	+	3859.347)
	=	0.28

The Michaels (NAS:MIK) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

The Michaels Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of The Michaels's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

The Michaels (The Michaels) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » The Michaels Companies Inc (NAS:MIK) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

3939 West John Carpenter Freeway, Irving, TX, USA, 75063

Website

https://www.michaels.com

The Michaels Companies Inc is an arts and crafts specialty retailer in North America. The company provides materials, project ideas, and education for creative activities like crafting classes, store events, store displays, mobile applications, and online videos. Michaels' revenue segments are general crafts, home decor and seasonal, Custom and ready-made framing, and paper crafting. Aaron Brothers offer unique framing assortments. The company operates its own distribution network through a wholly-owned subsidiary to supply merchandise in the stores.

Executives

Jim Sullivan	officer: SVP - CAO & Controller	8000 BENT BRANCH DRIVE IRVING TX 75063
Blackstone Holdings Iii L.p.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Family Investment Partnership V L.p.	10 percent owner	C/O THE BLACKSTONE GROUP, 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Participation Partnership V L.p.	10 percent owner	C/O THE BLACKSTONE GROUP, 345 PARK AVENUE, NEW YORK NY 10154
Bcp V-s L P	10 percent owner	345 PARK AVE, NEW YORK NY 10154
Bcp V Side-by-side Gp L.l.c.	10 percent owner	345 PARK AVENUE, NEW YORK NY 10154
Blackstone Family Gp Llc	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Holdings Iii Gp Management L.l.c.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Holdings Iii Gp L.p.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Group Management L.l.c.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Inc.	10 percent owner	345 PARK AVENUE, NEW YORK NY 10154
Blackstone Management Associates V L.l.c.	10 percent owner	C/O THE BLACKSTONE GROUP, 345 PARK AVENUE, NEW YORK NY 10154
Bma V L.l.c.	10 percent owner	C/O THE BLACKSTONE GROUP, 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Capital Partners V L P	10 percent owner	345 PARK AVE, NEW YORK NY 10154
Bcp V Co-investors L.p.	10 percent owner	CO/ THE BLACKSTONE GROUP L.P., 345 PARK AVENUE, NEW YORK NY 10154