Leverage Ratio of The Michaels Companies Inc. MIK is -1.30

A leverage ratio is any one of several financial measurements that look at how much capital comes in the form of debt (loans) or assesses the ability of a company to meet its financial obligations. The leverage ratio category is important because companies rely on a mixture of equity and debt to finance their operations, and knowing the amount of debt held by a company is useful in evaluating whether it can pay its debts off as they come due. Several common leverage ratios will be discussed below. Leverage ratios measure how leveraged a company is. These ratios compare the total debt obligation to either assets.

 

Source: Investopedia

Leverage Ratio
Jul 18Aug 18Sep 18Oct 18Nov 18Dec 18Jan 19Feb 19Mar 19Apr 19May 19Jun 19
-1.40-1.50-1.50-1.40-1.50-1.50-1.40-1.40-1.40-1.40-1.30-1.30