Mackinac Financial Balance Sheet - Quarterly (NASDAQ:MFNC)

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$17.25 $0.03 (0.17%) MFNC stock closing price Jul 13, 2018 (Closing)

A balance sheet is one of the three key financial statements released by a publicly listed company like Mackinac Financial, and helps in stock analysis. 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. Good quarterly results indicate a company's strong financial performance. Its important to check all financial statements including the balance sheet. Apart from analyzing Mackinac Financial revenue Mackinac Financial operating cash flow, one needs to check balance sheet items like cash, fixed assets and debt. The Mackinac Financial balance sheet for 2018 Q1 shows cash on hand of $51.81M. The company has a debt to equity ratio of 1.1.

View and download Mackinac Financial quarterly results to get the balance sheet details for the latest 40 quarters data.
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Quarterly
Annual
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Fiscal year is Jan - Dec2018 Q12017 Q42017 Q32017 Q22017 Q12016 Q42016 Q32016 Q22016 Q12015 Q4
Cash51.81M50.8M71.05M103.29M54.61M60.8M62.66M47.41M23M30.09M
Marketable Securities----------
Receivables807.34M805.99M803.01M785.62M781.4M776.83M751.94M720.9M613.8M613.39M
Inventory----------
Raw Materials----------
Work In Progress----------
Finished Goods----------
Notes Receivable----------
Other Current Assets----------
Total Current Assets
859.15M856.79M874.07M888.91M836.01M837.63M814.6M768.32M636.8M643.48M
Property Plant & Equipment-32.64M---30.01M---26.01M
Accumulated Depreciation-16.35M---14.12M---13.49M
Net Property Plant & Equipment
16.32M16.29M16.61M16.65M15.97M15.89M16.02M14.69M12.49M12.52M
Investment & Advances77.01M79M88.25M85.46M86.6M89.18M91.81M73.75M56.19M55.89M
Other Non-Current Assets2.52M3.55M4.41M4.05M4.46M4.78M3.26M3.49M2.68M2.32M
Deferred Charges4.67M4.97M6.26M7.13M7.65M8.76M9.28M10.14M8.52M9.21M
Intangibles7.55M7.61M7.67M7.74M7.8M7.86M7.92M7.16M4.85M4.88M
Deposits & Other Assets16.67M17.12M17.75M17.49M18.12M19.39M16.19M14.75M11.38M10.94M
Total Assets
983.92M985.36M1.02B1.03B976.63M983.52M959.12M892.32M732.93M739.26M
Notes Payable10M6M--------
Accounts Payable806.79M817.99M835.2M848.24M821.82M823.51M807.18M738.36M592.97M610.32M
Current Portion Long-Term Debt----------
Current Portion Capital Leases----------
Accrued Expenses----------
Income Taxes Payable----------
Other Current Liabilities----------
Total Current Liabilities
816.79M817.99M835.2M848.24M824.82M829.51M807.18M738.36M602.97M610.32M
Mortgages----------
Deferred Taxes/Income----------
Convertible Debt----------
Long-Term Debt80M79.55M91.39M92.02M66.27M67.57M67.73M70.6M46.45M45.75M
Non-Current Capital Leases----------
Other Long-Term Liabilities5.27M6.41M5.82M5.86M5.52M7.82M5.92M6.28M6.1M6.59M
Total Liabilities
902.07M903.96M932.42M946.13M896.62M904.91M880.83M815.24M655.53M662.66M
Minority Interest----------
Preferred Stock----------
Common Stock Net62.08M61.98M61.88M61.78M61.68M61.58M61.43M61.28M61.18M61.13M
Capital Surplus----------
Retained Earnings20.49M19.71M20.43M19.1M18.17M17.2M16.11M14.98M15.74M15.22M
Treasury Stock----------
Other Liabilities-0.71M-0.29M----0.18M----
Shareholders Equity81.85M81.4M82.64M81.31M80M78.6M78.28M77.08M77.39M76.6M
Total Liabilities & Shareholders Equity983.92M985.36M1.02B1.03B976.63M983.52M959.12M892.32M732.93M739.26M
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 $983.92M for 2018 Q1 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 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 $902.07M. Shareholders equity comes under liabilities as it is money the company owes the holders of MFNC stock.

Mackinac Financial Balance Sheet - Key Ratios

Current ratio
1.05
Debt to equity ratio
1.1
Asset turnover ratio
0.05
Receivables turnover
0.06
Price to book ratio
1.34