Mackinac Financial Balance Sheet - Quarterly (NASDAQ:MFNC)

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$13.5 $0.08 (0.6%) MFNC stock closing price Feb 21, 2017 (Closing)

The financial analysis of a company involves interpreting the income statement, balance sheet and cash flow statements of the company to draw insights like we've done in our Mackinac Financial stock analysis. All three financial statements should be used to measure the financial performance of the company, and should form a part of the Mackinac Financial stock analysis. Quarterly results announcements include the release of all three financial statements, of which the balance sheet is one. Mackinac Financial revenue was $11.73M and Mackinac Financial operating cash flow was $17.6M forĀ 2016-Q3. The balance sheet shows total liabilities of $880.83M and shareholders equity of $78.28M. 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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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: 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: 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 $880.83M.
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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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