Michaels Companies
Balance Sheet
Last updated:
The balance sheet is a financial statement presenting the value of assets, liabilities and equity of a company. How has Michaels Companies's balance sheet done over the years? Its assets were worth $3,838,095,000 last year, which is more than in the previous period. 138% of Michaels Companies’s total assets is currently financed by debt. Its liabilities reached the amount of $5,284,559,000, which means an increase by 41% compared compared to last year.
Debt to Assets
| 2012 | 1838000000 | 4.33B | 236.07% |
|---|---|---|---|
| 2015 | 2005000000 | 4.11B | 205.29% |
| 2016 | 2023277000 | 3.74B | 185.21% |
| 2018 | 2300215000 | 3.80B | 165.62% |
| 2019 | 2128336000 | 3.75B | 176.41% |
| 2020 | 3838095000 | 5.28B | 137.69% |
MIK Balance Sheet (2012 – 2020)
| 2020 | 2019 | 2018 | 2015 | 2014 | 2012 | |
|---|---|---|---|---|---|---|
Assets | ||||||
Current assets: | ||||||
Cash and cash equivalents | 409.96M | 245.88M | 425.89M | 409.39M | 378M | 371M |
Short term investments | 0 | 0 | 0 | 0 | 0 | 0 |
Net receivables | 30.44M | 62.26M | 29.96M | 10.71M | 2M | 1M |
Inventory | 1.09B | 1.10B | 1.12B | 1.00B | 958M | 845M |
Other current assets | 62.28M | 98.65M | 97.83M | 77M | 124M | 122M |
Total current assets | 1.59B | 1.51B | 1.67B | 1.49B | 1.46B | 1.33B |
Non-current assets: | ||||||
Property, Plant and Equipment | 2.04B | 439.07M | 420.02M | 378.50M | 386M | 312M |
Goodwill | 94.29M | 112.06M | 119.07M | 94.29M | 94M | 95M |
Intangible assets | 66.41M | 17.23M | 21.76M | 471K | 0 | 0 |
Long term investments | 0 | 0 | 0 | 0 | 0 | 0 |
Other non-current assets | 37.14M | 44.42M | 62.37M | 50.29M | 43M | 63M |
Total non-current assets | 2.23B | 612.81M | 623.23M | 523.56M | 543M | 499M |
Total assets | 3.83B | 2.12B | 2.30B | 2.02B | 2.00B | 1.83B |
Liabilities | ||||||
| Current liabilities: | ||||||
Accounts payable | ||||||
Deferred revenue | 64.13M | 25.00M | 34.53M | 40.39M | 38M | 30M |
Short term debt | 41.23M | 43.90M | 79.58M | 44.64M | 25M | 0 |
Total current liabilities | 1.19B | 932.55M | 957.94M | 904.85M | 890M | 861M |
| Non-current liabilities: | ||||||
Long term debt | 2.64B | 2.68B | 2.70B | 2.74B | 3.12B | 3.36B |
Deferred tax | 0 | 0 | 0 | 0 | 0 | 0 |
Other non-current liabilities | 1.02B | 115.97M | 115.46M | 21.54M | 93M | 104M |
Total non-current liabilities | 4.08B | 2.82B | 2.85B | 2.84B | 3.22B | 3.47B |
Total liabilities | 5.28B | 3.75B | 3.80B | 3.74B | 4.11B | 4.33B |
| Data source | Data source | Data source | Data source | Data source |