Mackinac Financial (Mackinac Financial) Debt-to-Equity : 0.17 (As of Jun. 2021)

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What is Mackinac Financial Debt-to-Equity?

Mackinac Financial's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2021 was $0.00 Mil. Mackinac Financial's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2021 was $28.44 Mil. Mackinac Financial's Total Stockholders Equity for the quarter that ended in Jun. 2021 was $171.92 Mil. Mackinac Financial's debt to equity for the quarter that ended in Jun. 2021 was 0.17.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Mackinac Financial's Debt-to-Equity or its related term are showing as below:

MFNC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.17 Med: 0.83 Max: 16.84
Current: 0.17

During the past 13 years, the highest Debt-to-Equity Ratio of Mackinac Financial was 16.84. The lowest was 0.17. And the median was 0.83.

MFNC's Debt-to-Equity is not ranked
in the Banks industry.
Industry Median: 0.66 vs MFNC: 0.17

Mackinac Financial Debt-to-Equity Historical Data

The historical data trend for Mackinac Financial's Debt-to-Equity can be seen below:

* 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.

* Premium members only.

Mackinac Financial Debt-to-Equity Chart

Mackinac Financial Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Debt-to-Equity

Get a 7-Day Free Trial

0.86

0.98

0.38

0.40

0.38

Mackinac Financial Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
Debt-to-Equity	Get a 7-Day Free Trial															0.70	0.38	0.38	0.31	0.17

Competitive Comparison of Mackinac Financial's Debt-to-Equity

For the Banks - Regional subindustry, Mackinac Financial's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Mackinac Financial's Debt-to-Equity Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Mackinac Financial's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Mackinac Financial's Debt-to-Equity falls into.

Mackinac Financial Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mackinac Financial's Debt to Equity Ratio for the fiscal year that ended in Dec. 2020 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	63.479)	/	167.864
	=	0.38

Mackinac Financial's Debt to Equity Ratio for the quarter that ended in Jun. 2021 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	28.441)	/	171.919
	=	0.17

Mackinac Financial (NAS:MFNC) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Mackinac Financial Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Mackinac Financial's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Mackinac Financial (Mackinac Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Mackinac Financial Corp (NAS:MFNC) » Definitions » Debt-to-Equity

Comparable Companies

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