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GuruFocus has detected 4 Warning Signs with Mackinac Financial Corp $MFNC.
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Mackinac Financial Corp (NAS:MFNC)
Total Liabilities
$896.63 Mil (As of Mar. 2017)

Mackinac Financial Corp's total liabilities for the quarter that ended in Mar. 2017 was $896.63 Mil.

Mackinac Financial Corp's quarterly total liabilities increased from Sep. 2016 ($880.84 Mil) to Dec. 2016 ($904.91 Mil) but then declined from Dec. 2016 ($904.91 Mil) to Mar. 2017 ($896.63 Mil).

Mackinac Financial Corp's annual total liabilities declined from Dec. 2014 ($669.79 Mil) to Dec. 2015 ($662.67 Mil) but then increased from Dec. 2015 ($662.67 Mil) to Dec. 2016 ($904.91 Mil).


Definition

Total liabilities are the liabilities that the company has to pay others. It is a part of the balance sheet of a company that shareholders do not own, and would be obligated to pay back if the company liquidated.

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

Total Liabilities=Total Current Liabilities+Total Long Term Liabilities
=Total Current Liabilities+(Long-Term Debt+Other Long-Term Liab.
=0+(67.579+837.332
+NonCurrentDeferredLiabilities+PensionAndRetirementBenefit+Minority Interest)
+0+0+0)
=904.91

Total Liabilities=Total Assets (A: Dec. 2016 )-Total Shareholder’s Equity (A: Dec. 2016 )
=983.52-78.609
=904.91

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

Total Liabilities=Total Current Liabilities+(Total Long Term Liabilities)
=Total Current Liabilities+(Long-Term Debt+Other Long-Term Liab.
=0+(66.279+830.347
+NonCurrentDeferredLiabilities+PensionAndRetirementBenefit+Minority Interest)
+0+0+0)
=896.63

Total Liabilities=Total Assets (Q: Mar. 2017 )-Total Shareholder’s Equity (Q: Mar. 2017 )
=976.635-80.009
=896.63

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


Related Terms

Total Assets, Total Shareholder’s Equity, Total Current Liabilities, Long-Term Debt, Other Long-Term Liab.


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

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
Total Liabilities 369.56409.88460.08424.81443.05473.53507.55669.79662.67904.91

Mackinac Financial Corp Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
Total Liabilities 669.79653.81659.59678.88662.67655.54815.25880.84904.91896.63
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