Mackinac Financial Balance Sheet - Quarterly (NASDAQ:MFNC)

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$14.92 $0.33 (2.26%) MFNC stock closing price Sep 22, 2017 (Closing)

The Mackinac Financial balance sheet is a snapshot of the company's financial health at a given point of time, whereas the other two financial statements are for a particular accounting period. As in our Mackinac Financial stock analysis, analyzing a company also involves looking at the company's assets and liabilities as given in its balance sheet, which can be used to measure financial performance. A company releases its balance sheet every quarter along with its quarterly results. Mackinac Financial balance sheet as at the end of 2017-Q2 indicates an asset turnover ratio of 0.05M and debt to equity ratio of 1.21M. Whereas, Mackinac Financial revenue was $11.66M and Mackinac Financial operating cash flow was $6.56M for the same period. View 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 - Dec.2017 Q22017 Q12016 Q42016 Q32016 Q22016 Q12015 Q42015 Q32015 Q22015 Q1
Cash103.29M54.61M60.8M62.66M47.41M23M30.09M43.67M21.99M30.07M
Marketable Securities----------
Receivables785.62M781.4M776.83M751.94M720.9M613.8M613.39M614.12M609.64M592.2M
Inventory----------
Raw Materials----------
Work In Progress----------
Finished Goods----------
Notes Receivable----------
Other Current Assets----------
Mackinac Financial Total Current Assets
888.91M836.01M837.63M814.6M768.32M636.8M643.48M657.79M631.64M622.28M
Property Plant & Equipment--30.01M---26.01M---
Accumulated Depreciation--14.12M---13.49M---
Mackinac Financial Net Property Plant & Equipment
16.65M15.97M15.89M16.02M14.69M12.49M12.52M12.67M12.58M12.61M
Investment & Advances85.46M86.6M89.18M91.81M73.75M56.19M55.89M56.6M62.73M66.28M
Other Non-Current Assets4.05M4.46M4.78M3.26M3.49M2.68M2.32M2.29M2.39M2.63M
Deferred Charges7.13M7.65M8.76M9.28M10.14M8.52M9.21M9.32M10.01M10.33M
Intangibles7.74M7.8M7.86M7.92M7.16M4.85M4.88M4.91M4.94M4.97M
Deposits & Other Assets17.49M18.12M19.39M16.19M14.75M11.38M10.94M11.37M11.03M9.72M
Mackinac Financial Total Assets
1.03B976.63M983.52M959.12M892.32M732.93M739.26M754.97M735.33M728.84M
Notes Payable6M3M-------9.66M
Accounts Payable848.24M821.82M823.51M807.18M738.36M592.97M610.32M622.33M588.82M597.91M
Current Portion Long-Term Debt----------
Current Portion Capital Leases----------
Accrued Expenses----------
Income Taxes Payable----------
Other Current Liabilities----------
Mackinac Financial Total Current Liabilities
848.24M824.82M829.51M807.18M738.36M602.97M610.32M622.33M603.82M597.91M
Mortgages----------
Deferred Taxes/Income----------
Convertible Debt----------
Long-Term Debt92.02M66.27M67.57M67.73M70.6M46.45M45.75M49.59M49.48M49.83M
Non-Current Capital Leases----------
Other Long-Term Liabilities5.86M5.52M7.82M5.92M6.28M6.1M6.59M6.95M6.28M6.05M
Mackinac Financial Total Liabilities
946.13M896.62M904.91M880.83M815.24M655.53M662.66M678.88M659.59M653.8M
Minority Interest----------
Preferred Stock----------
Common Stock Net61.78M61.68M61.58M61.43M61.28M61.18M61.13M61.32M61.46M61.55M
Capital Surplus----------
Retained Earnings19.1M18.17M17.2M16.11M14.98M15.74M15.22M14.22M13.85M12.7M
Treasury Stock----------
Other Liabilities0.43M0.15M-0.18M0.73M0.81M0.46M0.24M0.54M0.43M0.77M
Mackinac Financial Shareholders Equity
81.31M80M78.6M78.28M77.08M77.39M76.6M76.09M75.74M75.03M
Mackinac Financial Total Liabilities & Shareholders Equity
1.03B976.63M983.52M959.12M892.32M732.93M739.26M754.97M735.33M728.84M
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: Anything that the Mackinac Financial company owns and is a part of its books. Assets can be of three types: fixed, current and other assets which includes intangibles, advances. Internet companies typically don't have a lot of assets as there is not much investment in say machinery, equipment etc. Mackinac Financial had total assets of $1.03B.
  • 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 $946.13M. Shareholders' equity comes under liabilities as it is money the company owes the holders of MFNC stock.
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Mackinac Financial Balance Sheet - Key Ratios

Current ratio
1.05
Debt to equity ratio
1.21
Asset turnover ratio
0.05
Receivables turnover
0.06
price to book ratio
1.19