Mackinac Financial
Balance Sheet
Last updated:
The balance sheet is a financial statement presenting the value of assets, liabilities and equity of a company. How has Mackinac Financial's balance sheet done over the years? Its assets were worth $242,843,000 last year, which is less than in the previous period. 549% of Mackinac Financial’s total assets is currently financed by debt. Its liabilities reached the amount of $1,333,866,000, which means an increase by 15% compared compared to last year.
Debt to Assets
| 2011 | 498311000 | 443.04M | 88.91% |
|---|---|---|---|
| 2012 | 502178000 | 473.53M | 94.3% |
| 2013 | 528409000 | 507.55M | 96.05% |
| 2014 | 677953000 | 669.78M | 98.8% |
| 2015 | 685538000 | 662.66M | 96.66% |
| 2016 | 895112000 | 904.91M | 101.09% |
| 2017 | 909464000 | 903.96M | 99.4% |
| 2018 | 1201286000 | 1.16B | 97.06% |
| 2019 | 1261401000 | 1.15B | 91.81% |
| 2020 | 242843000 | 1.33B | 549.27% |
MFNC Balance Sheet (2011 – 2020)
| 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|
Assets | ||||||||||
Current assets: | ||||||||||
Cash and cash equivalents | 221.81M | 60.08M | 77.60M | 50.79M | 58.66M | 30.09M | 27.74M | 18.22M | 26.96M | 20.08M |
Short term investments | 111.83M | 107.97M | 116.74M | 75.89M | 86.27M | 53.72M | 65.83M | 44.38M | 43.79M | 0 |
Net receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other current assets | -114.75M | -118.26M | -130.2M | -89.27M | -100.32M | -58.81M | -71.62M | -44.39M | -43.80M | 34.07M |
Total current assets | 218.90M | 49.79M | 64.15M | 37.42M | 44.62M | 25.00M | 21.94M | 18.21M | 26.95M | 34.07M |
Non-current assets: | ||||||||||
Property, Plant and Equipment | 25.51M | 23.60M | 22.78M | 16.29M | 15.89M | 12.52M | 12.65M | 10.21M | 10.63M | 9.62M |
Goodwill | 19.57M | 19.57M | 22.02M | 5.69M | 5.69M | 3.80M | 3.80M | 0 | 0 | 0 |
Intangible assets | 4.36M | 5.04M | 5.72M | 1.92M | 2.17M | 1.07M | 1.19M | 0 | 0 | 0 |
Long term investments | 111.83M | 107.97M | 116.74M | 75.89M | 86.27M | 53.72M | 65.83M | 44.38M | 43.79M | 38.72M |
Other non-current assets | -137.35M | 1.05B | 969.86M | 772.24M | 740.46M | 589.4M | 572.51M | 455.59M | 420.78M | 0 |
Total non-current assets | 23.94M | 1.21B | 1.13B | 872.04M | 850.49M | 660.53M | 656.00M | 510.19M | 475.22M | 0 |
Total assets | 242.84M | 1.26B | 1.20B | 909.46M | 895.11M | 685.53M | 677.95M | 528.40M | 502.17M | 498.31M |
Liabilities | ||||||||||
| Current liabilities: | ||||||||||
Accounts payable | ||||||||||
Deferred revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Short term debt | 0 | 0 | 0 | 0 | 750K | 7.75M | 11.36M | 2M | 0 | 0 |
Total current liabilities | 0 | 1.15B | 1.16B | 886.69M | 837.33M | 616.91M | 655M | 504.7M | 0 | 0 |
| Non-current liabilities: | ||||||||||
Long term debt | 63.47M | 64.55M | 57.53M | 79.55M | 66.82M | 38.00M | 38.47M | 35.85M | 35.92M | 35.99M |
Deferred tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other non-current liabilities | 0 | -64.22M | -57.13M | -62.27M | 750K | 7.75M | -23.67M | -32.95M | -35.12M | -35.99M |
Total non-current liabilities | 63.47M | 325K | 399K | 17.27M | 67.57M | 45.75M | 14.8M | 2.9M | 796K | 0 |
Total liabilities | 1.33B | 1.15B | 1.16B | 903.96M | 904.91M | 662.66M | 669.78M | 507.55M | 473.53M | 443.04M |
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