Mackinac Financial Balance Sheet - Annual (NASDAQ:MFNC)

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$11.61 $0.16 (1.36%) MFNC stock closing price Oct 24, 2016 (Closing)

A thorough fundamental analysis involves using data from Mackinac Financial balance sheet, apart from other financial statements, to value the business. Financial strength can be guaged by performing Mackinac Financial stock analysis and by analyzing the balance sheet. A company releases its balance sheet every quarter along with its quarterly results. Mackinac Financial had a long term debt of $45.75M at the end of 2015. Mackinac Financial operating cash flow was $13.09M while Mackinac Financial revenue stood at $37.4M. View latest and last 10 year balance sheet data to check Mackinac Financial financial performance..

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Fiscal year is Jan - Dec. 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Marketable Securities----------
Raw Materials----------
Work In Progress----------
Finished Goods----------
Notes Receivable----------
Other Current Assets----------
Mackinac Financial Total Current Assets
Property Plant & Equipment26.01M24.86M21.67M21.14M------
Accumulated Depreciation13.49M12.2M11.46M10.51M------
Mackinac Financial Net Property Plant & Equipment
Investment & Advances55.89M68.8M47.44M46.85M41.78M37.28M50.3M51.28M25.39M36.56M
Other Non-Current Assets2.32M3.01M1.88M3.21M------
Deferred Charges9.21M11.49M9.93M9.13M8.42M-----
Deposits & Other Assets10.94M19.27M5.92M5.21M5.23M14.28M23.9M10.07M11.54M4.61M
Mackinac Financial Total Assets
Notes Payable--------9.66M-
Accounts Payable610.32M606.97M466.29M434.55M404.78M386.77M421.38M371.09M320.82M312.42M
Current Portion Long-Term Debt----------
Current Portion Capital Leases----------
Accrued Expenses----------
Income Taxes Payable----------
Other Current Liabilities----------
Mackinac Financial Total Current Liabilities
Deferred Taxes/Income----------
Convertible Debt----------
Long-Term Debt45.75M49.84M37.85M35.92M35.99M36.06M36.14M36.21M36.28M38.3M
Non-Current Capital Leases----------
Other Long-Term Liabilities6.59M12.97M3.4M3.05M2.26M1.96M2.54M2.57M2.78M3.27M
Mackinac Financial Total Liabilities
Minority Interest----------
Preferred Stock---11M10.92M10.7M10.51M---
Common Stock Net61.13M61.67M53.62M53.79M43.52M43.52M43.49M42.81M42.84M42.72M
Capital Surplus----------
Retained Earnings15.22M11.8M11.41M6.72M0.49M-0.96M0.19M-1.7M-3.58M-13.74M
Treasury Stock----------
Other Liabilities0.24M0.51M0.21M0.92M0.32M0.61M1.09M0.44M0.06M-0.18M
Mackinac Financial Shareholders Equity
Mackinac Financial Total Liabilities & Shareholders Equity
All figures in USD. M: Millions of USD, B: Billions of USD.

Looking at Mackinac Financial historical stock prices and the current Mackinac Financial stock price can tell you how the stock price has moved, whereas the Mackinac Financial PE ratio chart shows if its shares are overpriced in comparison to peers. The important things to look for in a balance sheet are:
  • Assets: Anything that the Mackinac Financial company owns and is a part of its books. Assets can be of three types: fixed, current and other assets which includes intangibles, advances. Internet companies typically don't have a lot of assets as there is not much investment in say machinery, equipment etc. Mackinac Financial had total assets of $739.26M.
  • Liabilities: The total liabilities of Mackinac Financial for 2015 total to $662.66M. Liabilities for a company like Mackinac Financial include bank loans, services which have been availed for which a settlement in the form of cash/ asset transfer needs to be done in future etc. A firm takes on such obligations to grow its business which in turn will generate future economic benefits for its business.

Mackinac Financial Balance Sheet - Key Ratios

Current ratio
Debt to Equity ratio
Asset Turnover
receivables turnover
PB ratio (
price to book ratio