Mackinac Financial Balance Sheet - Annual (NASDAQ:MFNC)

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$13.58 $0 (0%) MFNC stock closing price Feb 17, 2017 (Closing)

The financial analysis of a company like Mackinac Financial involves checking the three financial statements of the company in detail, of which the balance sheet is one. Financial strength can be guaged by performing Mackinac Financial stock analysis and by analyzing the balance sheet. Quarterly results announcements include the release of all three financial statements, of which the balance sheet is one. Mackinac Financial balance sheet as at the end of 2015 indicates an asset turnover ratio of 0.05M and debt to equity ratio of 0.87M. Whereas, Mackinac Financial revenue was $37.4M and Mackinac Financial operating cash flow was $13.09M for the same period. 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
Cash30.09M27.74M18.23M26.97M34.08M35.43M46.11M10.69M8.17M
Marketable Securities---------
Receivables613.39M595.79M479.17M443.95M395.99M376.47M379.08M366M350.93M
Inventory----3.16M5.56M5.8M2.18M1.22M
Raw Materials---------
Work In Progress---------
Finished Goods---------
Notes Receivable---------
Other Current Assets---------
Mackinac Financial Total Current Assets
643.48M623.53M497.4M470.93M433.23M417.46M431M378.88M360.33M
Property Plant & Equipment26.01M24.86M21.67M21.14M-----
Accumulated Depreciation13.49M12.2M11.46M10.51M-----
Mackinac Financial Net Property Plant & Equipment
12.52M12.65M10.21M10.63M9.62M9.66M10.16M11.18M11.6M
Investment & Advances55.89M68.8M47.44M46.85M41.78M37.28M50.3M51.28M25.39M
Other Non-Current Assets2.32M3.01M1.88M3.21M-----
Deferred Charges9.21M11.49M9.93M9.13M8.42M----
Intangibles4.88M5M-------
Deposits & Other Assets10.94M19.27M5.92M5.21M5.23M14.28M23.9M10.07M11.54M
Mackinac Financial Total Assets
739.26M743.78M572.8M545.98M498.31M478.69M515.37M451.43M408.88M
Notes Payable--------9.66M
Accounts Payable610.32M606.97M466.29M434.55M404.78M386.77M421.38M371.09M320.82M
Current Portion Long-Term Debt---------
Current Portion Capital Leases---------
Accrued Expenses---------
Income Taxes Payable---------
Other Current Liabilities---------
Mackinac Financial Total Current Liabilities
610.32M606.97M466.29M434.55M404.78M386.77M421.38M371.09M330.49M
Mortgages---------
Deferred Taxes/Income---------
Convertible Debt---------
Long-Term Debt45.75M49.84M37.85M35.92M35.99M36.06M36.14M36.21M36.28M
Non-Current Capital Leases---------
Other Long-Term Liabilities6.59M12.97M3.4M3.05M2.26M1.96M2.54M2.57M2.78M
Mackinac Financial Total Liabilities
662.66M669.78M507.55M473.53M443.04M424.81M460.07M409.87M369.55M
Minority Interest---------
Preferred Stock---11M10.92M10.7M10.51M--
Common Stock Net61.13M61.67M53.62M53.79M43.52M43.52M43.49M42.81M42.84M
Capital Surplus---------
Retained Earnings15.22M11.8M11.41M6.72M0.49M-0.96M0.19M-1.7M-3.58M
Treasury Stock---------
Other Liabilities0.24M0.51M0.21M0.92M0.32M0.61M1.09M0.44M0.06M
Mackinac Financial Shareholders Equity
76.6M73.99M65.24M72.44M55.26M53.88M55.29M41.55M39.32M
Mackinac Financial Total Liabilities & Shareholders Equity
739.26M743.78M572.8M545.98M498.31M478.69M515.37M451.43M408.88M
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: MFNC total assets, which was at $739.26M for 2015 is a balance sheet item representing value of what Mackinac Financial owns. Assets are brought to aid a firms operations, or to increase its economic value. It must be noted that tech stocks may not have a lot of assets, as the value for these companies is often derived from future earning potential.
  • Liabilities: This item on the balance sheet implies the firm's, in this case Mackinac Financial's, legal obligations including loans, accounts payable, deferred revenue, accrued expenses and mortgages. The total liabilities for MFNC stock stand at $662.66M.
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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

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