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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 Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2021 was $1,518.95 Mil. Mackinac Financial's debt to asset for the quarter that ended in Jun. 2021 was 0.02.
The historical data trend for Mackinac Financial's Debt-to-Asset 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.
Mackinac Financial Annual Data | |||||||||||||||||||||
Trend | Dec11 | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | |||||||||||
Debt-to-Asset | Get a 7-Day Free Trial | 0.07 | 0.08 | 0.04 | 0.05 | 0.04 |
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-Asset | Get a 7-Day Free Trial | 0.08 | 0.04 | 0.04 | 0.04 | 0.02 |
For the Banks - Regional subindustry, Mackinac Financial's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.
For the Banks industry and Financial Services sector, Mackinac Financial's Debt-to-Asset distribution charts can be found below:
* The bar in red indicates where Mackinac Financial's Debt-to-Asset falls into.
Debt to Asset measures the financial leverage a company has.
Mackinac Financial's Debt-to-Asset for the fiscal year that ended in Dec. 2020 is calculated as
Debt-to-Asset | = | Total Debt | / | Total Assets | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Total Assets | |
= | (0 | + | 63.479) | / | 1501.73 | |
= | 0.04 |
Mackinac Financial's Debt-to-Asset for the quarter that ended in Jun. 2021 is calculated as
Debt-to-Asset | = | Total Debt | / | Total Assets | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Total Assets | |
= | (0 | + | 28.441) | / | 1518.952 | |
= | 0.02 |
* 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 (NAS:MFNC) Debt-to-Asset Explanation
In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.
Thank you for viewing the detailed overview of Mackinac Financial's Debt-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
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 |
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