Mackinac Financial Balance Sheet - Annual (NASDAQ:MFNC)

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$13.25 $0.03 (0.26%) MFNC stock closing price Jan 13, 2017 (Closing)

The Mackinac Financial balance sheet is a snapshot of the company's financial health at a given point of time, whereas the other two financial statements are for a particular accounting period. Balance sheet items like cash at hand, total assets and liabilities helps one analyze a company and summarize the financial performance of the company like we have in our Mackinac Financial stock analysis. Quarterly results are typically accompanied with the company releasing financial statements. The Mackinac Financial balance sheet for 2015 shows cash on hand of $30.09M. The cash has increased by $2.35M. Mackinac Financial revenue was $37.4M and Mackinac Financial operating cash flow was $13.09M. View latest and last 10 year balance sheet data to check Mackinac Financial financial performance..

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Annual
Quarterly
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Fiscal year is Jan - Dec. 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Cash30.09M27.74M18.23M26.97M34.08M35.43M46.11M10.69M8.17M11.56M
Marketable Securities----------
Receivables613.39M595.79M479.17M443.95M395.99M376.47M379.08M366M350.93M317.57M
Inventory----3.16M5.56M5.8M2.18M1.22M0.02M
Raw Materials----------
Work In Progress----------
Finished Goods----------
Notes Receivable----------
Other Current Assets----------
Mackinac Financial Total Current Assets
643.48M623.53M497.4M470.93M433.23M417.46M431M378.88M360.33M329.16M
Property Plant & Equipment26.01M24.86M21.67M21.14M------
Accumulated Depreciation13.49M12.2M11.46M10.51M------
Mackinac Financial Net Property Plant & Equipment
12.52M12.65M10.21M10.63M9.62M9.66M10.16M11.18M11.6M12.45M
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-----
Intangibles4.88M5M--------
Deposits & Other Assets10.94M19.27M5.92M5.21M5.23M14.28M23.9M10.07M11.54M4.61M
Mackinac Financial Total Assets
739.26M743.78M572.8M545.98M498.31M478.69M515.37M451.43M408.88M382.79M
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
610.32M606.97M466.29M434.55M404.78M386.77M421.38M371.09M330.49M312.42M
Mortgages----------
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
662.66M669.78M507.55M473.53M443.04M424.81M460.07M409.87M369.55M354M
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
76.6M73.99M65.24M72.44M55.26M53.88M55.29M41.55M39.32M28.79M
Mackinac Financial Total Liabilities & Shareholders Equity
739.26M743.78M572.8M545.98M498.31M478.69M515.37M451.43M408.88M382.79M
All figures in USD. M: Millions of USD, B: Billions of USD.
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The latest Mackinac Financial stock price, and Mackinac Financial historical stock prices show the stock price movement over time, and the Mackinac Financial PE ratio chart displays the PE ratio movement. Apart from stock price, one should also look at balance sheet items which mainly comprise of the following:
  • Assets: An asset is a resource that a corporation like Mackinac Financial owns and has economic value. The two major types of assets are: fixed assets like real estate, plant and machinery and current assets like cash, marketable securities and inventory. The total asset value for MFNC stock as of year is $739.26M. Its easy to associate the term with manufacturing companies, which invest a lot in factories and equipment. However, the same cannot be said about tech stocks.
  • Liabilities or obligations comprise of current liabilities that include short term loans, amounts payable to suppliers, or any other outstanding payments including long term liabilities that take into account long term loans for funding large projects. The total liabilities for Mackinac Financial is $662.66M. Shareholders' equity comes under liabilities as it is money the company owes the holders of MFNC stock.
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Mackinac Financial Balance Sheet - Key Ratios

Current ratio
1.01
Debt to Equity ratio
0.87
Asset Turnover
ratio
0.05
receivables turnover
ratio
0.06
PB ratio (
price to book ratio
)
1.0910