Mackinac Financial Balance Sheet - Annual (NASDAQ:MFNC)

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$16.07 $0.02 (0.12%) MFNC stock closing price Apr 20, 2018 (Closing)

A thorough fundamental analysis involves using data from Mackinac Financial balance sheet, apart from other financial statements, to value the business. How cash on hand has increased or decreased is one of the many indicators used while undertaking the Mackinac Financial stock analysis, and provides insights into the firm's financial performance. Annual results announcements include the release of all three financial statements, of which the balance sheet is one. Mackinac Financial balance sheet indicates an asset turnover ratio of 0.05 and debt to equity ratio of 0.98. Also check Mackinac Financial revenue and Mackinac Financial operating cash flow for the same period.

View latest 10 year balance sheet data to check Mackinac Financial financial performance.
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Quarterly
Annual
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Fiscal year is Jan - Dec2017201620152014201320122011201020092008
Cash50.8M60.8M30.09M27.74M18.23M26.97M34.08M35.43M46.11M10.69M
Marketable Securities----------
Receivables805.99M776.83M613.39M595.79M479.17M443.95M395.99M376.47M379.08M366M
Inventory------3.16M5.56M5.8M2.18M
Raw Materials----------
Work In Progress----------
Finished Goods----------
Notes Receivable----------
Other Current Assets----------
Total Current Assets
856.79M837.63M643.48M623.53M497.4M470.93M433.23M417.46M431M378.88M
Property Plant & Equipment32.64M30.01M26.01M24.86M21.67M21.14M----
Accumulated Depreciation16.35M14.12M13.49M12.2M11.46M10.51M----
Net Property Plant & Equipment
16.29M15.89M12.52M12.65M10.21M10.63M9.62M9.66M10.16M11.18M
Investment & Advances79M89.18M55.89M68.8M47.44M46.85M41.78M37.28M50.3M51.28M
Other Non-Current Assets3.55M4.78M2.32M3.01M1.88M3.21M----
Deferred Charges4.97M8.76M9.21M11.49M9.93M9.13M8.42M---
Intangibles7.61M7.86M4.88M5M------
Deposits & Other Assets17.12M19.39M10.94M19.27M5.92M5.21M5.23M14.28M23.9M10.07M
Total Assets
985.36M983.52M739.26M743.78M572.8M545.98M498.31M478.69M515.37M451.43M
Notes Payable-6M--------
Accounts Payable817.99M823.51M610.32M606.97M466.29M434.55M404.78M386.77M421.38M371.09M
Current Portion Long-Term Debt----------
Current Portion Capital Leases----------
Accrued Expenses----------
Income Taxes Payable----------
Other Current Liabilities----------
Total Current Liabilities
817.99M829.51M610.32M606.97M466.29M434.55M404.78M386.77M421.38M371.09M
Mortgages----------
Deferred Taxes/Income----------
Convertible Debt----------
Long-Term Debt79.55M67.57M45.75M49.84M37.85M35.92M35.99M36.06M36.14M36.21M
Non-Current Capital Leases----------
Other Long-Term Liabilities6.41M7.82M6.59M12.97M3.4M3.05M2.26M1.96M2.54M2.57M
Total Liabilities
903.96M904.91M662.66M669.78M507.55M473.53M443.04M424.81M460.07M409.87M
Minority Interest----------
Preferred Stock-----11M10.92M10.7M10.51M-
Common Stock Net61.98M61.58M61.13M61.67M53.62M53.79M43.52M43.52M43.49M42.81M
Capital Surplus----------
Retained Earnings19.71M17.2M15.22M11.8M11.41M6.72M--0.96M--1.7M
Treasury Stock----------
Other Liabilities-0.29M-0.18M------1.09M-
Shareholders Equity81.4M78.6M76.6M73.99M65.24M72.44M55.26M53.88M55.29M41.55M
Total Liabilities & Shareholders Equity985.36M983.52M739.26M743.78M572.8M545.98M498.31M478.69M515.37M451.43M
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: MFNC total assets, which was at $985.36M for 2017 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 $903.96M.

Mackinac Financial Balance Sheet - Key Ratios

Current ratio
1.05
Debt to equity ratio
0.98
Asset turnover ratio
0.05
Receivables turnover
0.06
Price to book ratio
1.25