Mackinac Financial Balance Sheet - Quarterly (NASDAQ:MFNC)

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$13.43 $0.22 (1.67%) MFNC stock closing price Dec 07, 2016 (Closing)

The fundamental analysis of this company requires a thorough look at Mackinac Financial balance sheet. 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 balance sheet as at the end of 2016-Q3 indicates an asset turnover ratio of 0.05M and debt to equity ratio of 0.87M. Whereas, Mackinac Financial revenue was $11.48M and Mackinac Financial operating cash flow was $17.6M for the same period. View Mackinac Financial quarterly results to get the balance sheet details for the latest & last 40 quarters data..

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Annual
Quarterly
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Fiscal year is Jan - Dec. 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2
Cash62.66M47.41M23M30.09M43.67M21.99M30.07M27.74M22.63M20.98M
Marketable Securities----------
Receivables751.94M720.9M613.8M613.39M614.12M609.64M592.2M595.79M513.09M497.84M
Inventory----------
Raw Materials----------
Work In Progress----------
Finished Goods----------
Notes Receivable----------
Other Current Assets----------
Mackinac Financial Total Current Assets
814.6M768.32M636.8M643.48M657.79M631.64M622.28M623.53M535.73M518.82M
Property Plant & Equipment---26.01M---24.86M--
Accumulated Depreciation---13.49M---12.2M--
Mackinac Financial Net Property Plant & Equipment
16.02M14.69M12.49M12.52M12.67M12.58M12.61M12.65M9.82M9.79M
Investment & Advances91.81M73.75M56.19M55.89M56.6M62.73M66.28M68.8M51.8M50.43M
Other Non-Current Assets3.26M3.49M2.68M2.32M2.29M2.39M2.63M3.01M1.84M1.94M
Deferred Charges9.28M10.14M8.52M9.21M9.32M10.01M10.33M11.49M8.68M9.09M
Intangibles7.92M7.16M4.85M4.88M4.91M4.94M4.97M5M--
Deposits & Other Assets16.19M14.75M11.38M10.94M11.37M11.03M9.72M19.27M6.06M5.77M
Mackinac Financial Total Assets
959.12M892.32M732.93M739.26M754.97M735.33M728.84M743.78M613.94M595.86M
Notes Payable--------9.66M-
Accounts Payable807.18M738.36M592.97M610.32M622.33M588.82M597.91M606.97M491.2M484.01M
Current Portion Long-Term Debt----------
Current Portion Capital Leases----------
Accrued Expenses----------
Income Taxes Payable----------
Other Current Liabilities----------
Mackinac Financial Total Current Liabilities
807.18M738.36M602.97M610.32M622.33M603.82M597.91M606.97M498.7M484.01M
Mortgages----------
Deferred Taxes/Income----------
Convertible Debt----------
Long-Term Debt67.73M70.6M46.45M45.75M49.59M49.48M49.83M49.84M44.9M42.08M
Non-Current Capital Leases----------
Other Long-Term Liabilities5.92M6.28M6.1M6.59M6.95M6.28M6.05M12.97M3.19M3.28M
Mackinac Financial Total Liabilities
880.83M815.24M655.53M662.66M678.88M659.59M653.8M669.78M546.81M529.39M
Minority Interest----------
Preferred Stock----------
Common Stock Net61.43M61.28M61.18M61.13M61.32M61.46M61.55M61.67M53.8M53.7M
Capital Surplus----------
Retained Earnings16.11M14.98M15.74M15.22M14.22M13.85M12.7M11.8M12.92M12.32M
Treasury Stock----------
Other Liabilities0.73M0.81M0.46M0.24M0.54M0.43M0.77M0.51M0.4M0.44M
Mackinac Financial Shareholders Equity
78.28M77.08M77.39M76.6M76.09M75.74M75.03M73.99M67.13M66.47M
Mackinac Financial Total Liabilities & Shareholders Equity
959.12M892.32M732.93M739.26M754.97M735.33M728.84M743.78M613.94M595.86M
All figures in USD. M: Millions of USD, B: Billions of USD.
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Most investors just check the Mackinac Financial stock price, and Mackinac Financial historical stock prices before investing. While share price is an important factor, one should also look at financials and valuation metrics like the Mackinac Financial PE ratio chart. Below is a brief explanation of common balance sheet terms:
  • Assets: An asset is a resource that a corporation like Mackinac Financial owns and has monetary significance. MFNC assets grew from $892.32M in 2016-Q2 to $959.12M in 2016-Q3 . Assets can be of two types: fixed assets like real estate, plant and machinery; and current assets which includes cash, accounts receivable etc. Tech stocks typically don't have too many assets.
  • Liabilities: The total liabilities of Mackinac Financial for 2016-Q3 total to $880.83M. 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.
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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
)
1.0880