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Mackinac Financial (Mackinac Financial) Scaled Net Operating Assets : -0.16 (As of Jun. 2021)


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What is Mackinac Financial Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Mackinac Financial's operating assets for the quarter that ended in Jun. 2021 was $1,073.13 Mil. Mackinac Financial's operating liabilities for the quarter that ended in Jun. 2021 was $1,318.59 Mil. Mackinac Financial's Total Assets for the quarter that ended in Mar. 2021 was $1,508.25 Mil. Therefore, Mackinac Financial's scaled net operating assets (SNOA) for the quarter that ended in Jun. 2021 was -0.16.

Mackinac Financial Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Mackinac Financial's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2020 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2020 )
=(Operating Assets (A: Dec. 2020 )-Operating Liabilities (A: Dec. 2020 ))/Total Assets (A: Dec. 2019 )
=(1279.912-1270.387)/1320.069
=0.01

where

Operating Assets(A: Dec. 2020 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1501.73 - 221.818
=1279.912

Operating Liabilities(A: Dec. 2020 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1333.866 - 63.479 - 0
=1270.387

Mackinac Financial's Scaled Net Operating Assets (SNOA) for the quarter that ended in Jun. 2021 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Jun. 2021 )
=(Operating Assets (Q: Jun. 2021 )-Operating Liabilities (Q: Jun. 2021 ))/Total Assets (Q: Mar. 2021 )
=(1073.134-1318.592)/1508.248
=-0.16

where

Operating Assets(Q: Jun. 2021 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=1518.952 - 445.818
=1073.134

Operating Liabilities(Q: Jun. 2021 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1347.033 - 28.441 - 0
=1318.592

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Mackinac Financial Scaled Net Operating Assets Related Terms

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Mackinac Financial (Mackinac Financial) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Mackinac Financial Corp (NAS:MFNC) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
N/A
Address
130 South Cedar Street, Manistique, MI, USA, 49854
Website
http://www.bankmbank.com
Mackinac Financial Corp is a bank holding company. It is engaged in the business of retail and commercial banking. Its products and services include checking and savings accounts, time deposits, interest-bearing transaction accounts, safe deposit facilities, commercial and governmental lease financing and direct, indirect consumer financing, commercial lending, treasury management products, services for small to mid-sized businesses as well as full array of personal and business deposit products and consumer loans. It earns revenue from loans, investments and other interest-bearing assets.
Executives
Paul Davison Tobias director, officer: Chief Executive Officer 38710 WOODWARD AVENUE, SUITE 240, BLOOMFIELD HILLS MI 48304
Jesse A Deering officer: EVP and CFO 260 EAST BROWN ST. SUITE 300 BIRMINGHAM MI 48009
Kelly W George director, officer: President 130 SOUTH CEDAR STREET MANISTIQUE MI 49854
Martin A Thomson director
Randolph Clare Paschke director 5700 CASS AVENUE DETROIT MI 48202
Walter J Aspatore director 255 E BROWN STREET, SUITE 120, BIRMINGHAM MI 48009
Dennis Bittner director 113 S 10TH ST ESCANADA MI 49829
Steinhardt Capital Management, Llc 10 percent owner 650 MADISON AVENUE, 17TH FLOOR NEW YORK NY 10022
David Russ Steinhardt director, 10 percent owner 650 MADISON AVENUE, 17TH FLOOR NEW YORK NY 10022
Steinhardt Capital Investors, Lllp 10 percent owner 650 MADISON AVENUE, 17TH FLOOR NEW YORK NY 10022
Mahaney Robert Edward Ii director 989 WEST WASHINGTON STREET SUITE 102 MARQUETTE MI 49855
Joseph D Garea director 469 NORTH HANLEY ROAD ST. LOUIS MO 63013
Robert Harris Orley director 25251 RIVER DRIVE FRANKLIN MI 48025
Lewis Brooks Patterson director 130 SOUTH CEDAR STREET MANISTIQUE MI 49854
Ernie R Krueger officer: Executive VP and CFO 130 SOUTH CEDAR STREET MANISTIQUE MI 49854