Michaels Companies Long Term Debt

Michaels Companies (MIK) currently reports a long-term debt of $2.5B as of January 2021. That compares with $2.6B in the prior-year period — down 6.2% year over year. Use the charts on this page to explore Michaels Companies's long-term debt history and peer comparisons.

Michaels Companies's long-term debt decreased from $2.6B to $2.5B — a 6.2% year-over-year decrease (period ending January 2021). Watching multi-year history on the chart below helps separate one-off swings from a lasting trend.

Michaels Companies reported $2.5B in long-term debt as of January 2021. That compares with $2.6B in the prior-year period — down 6.2% year over year. Absolute dollar amounts are most useful when compared with prior periods, peers, and related line items such as revenue, assets, or liabilities on Stockcircle.

Start with the current long-term debt of $2.5B, then check the historical chart for trend and the peer comparison chart for relative positioning. From there, open related valuation or income-statement pages for Michaels Companies, and consider following MIK for alerts when major investors trade the stock.

Michaels Companies is classified in the Consumer Discretionary sector. On long-term debt, it currently shows $2.5B. Sector peers often share similar capital intensity and growth regimes, so relative rankings inside Consumer Discretionary are usually more informative than comparing MIK with unrelated industries.