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Mackinac Financial Corp  (NAS:MFNC) Total Equity: \$82.65 Mil (As of Sep. 2017)

Mackinac Financial Corp's total equity for the quarter that ended in Sep. 2017 was \$82.65 Mil.

Total equity is used to calculate Book Value per Share. Mackinac Financial Corp's Book Value per Share for the quarter that ended in Sep. 2017 was \$13.14. The ratio of a company's debt over equity can be used to measure how leveraged this company is. Mackinac Financial Corp's Debt-to-Equity for the quarter that ended in Sep. 2017 was 1.11.

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Mackinac Financial Corp Annual Data

 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Total Equity 72.45 65.25 74.00 76.60 78.61

Mackinac Financial Corp Quarterly Data

 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Total Equity 78.29 78.61 80.01 81.31 82.65

Calculation

Total Equity refers to the net assets owned by shareholders.

Total Equity and Total Liabilities are the two components for Total Assets.

Mackinac Financial Corp's Total Equity for the fiscal year that ended in Dec. 2016 is calculated as

 Total Equity = Total Assets(Q: Sep. 2017 ) - Total Liabilities(Q: Sep. 2017 ) = 983.52/td> - 904.911 = 78.61

Mackinac Financial Corp's Total Equity for the quarter that ended in Sep. 2017 is calculated as

 Total Equity = Total Assets(Q: Sep. 2017 ) - Total Liabilities(Q: Sep. 2017 ) = 1015.07 - 932.421 = 82.65

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Explanation

1. Total equity is used to calculate book value per share.

Mackinac Financial Corp's Book Value per Share for the quarter that ended in Sep. 2017 is

 Book Value per Share = (Total Equity - Preferred Stock) / Shares Outstanding (Diluted Average) = (82.649 - 0) / 6.29 = 13.14

2. The ratio of a company's debt over equity can be used to measure how leveraged this company is.

Mackinac Financial Corp's Debt-to-Equity for the quarter that ended in Sep. 2017 is

 Debt-to-Equity = Total Debt / Total Equity = (Current Portion of Long-Term Debt + Long-Term Debt & Capital Lease Obligation) / Total Equity = (0 + 91.397) / 82.649 = 1.11

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Related Terms