MFGI (Merchants Financial Group) Total Assets : $2,782.11 Mil (As of Dec. 2024)

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What is Merchants Financial Group Total Assets?

Merchants Financial Group's Total Assets for the quarter that ended in Dec. 2024 was $2,782.11 Mil.

During the past 12 months, Merchants Financial Group's average Total Assets Growth Rate was 1.70% per year. During the past 3 years, the average Total Assets Growth Rate was 9.60% per year. During the past 5 years, the average Total Assets Growth Rate was 6.10% per year.

During the past 6 years, Merchants Financial Group's highest 3-Year average Total Assets Growth Rate was 9.60%. The lowest was 5.30%. And the median was 7.30%.

Total Assets is connected with ROA %. Merchants Financial Group's annualized ROA % for the quarter that ended in Dec. 2024 was 0.63%. Total Assets is also linked to Revenue through Asset Turnover. Merchants Financial Group's Asset Turnover for the quarter that ended in Dec. 2024 was 0.01.

Merchants Financial Group Total Assets Historical Data

The historical data trend for Merchants Financial Group's Total Assets 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.

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Merchants Financial Group Total Assets Chart

Merchants Financial Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Total Assets

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2,494.90

2,826.98

2,580.37

2,600.35

2,782.11

Merchants Financial Group Quarterly Data
	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24	Sep24	Dec24
Total Assets	Get a 7-Day Free Trial									2,521.61	2,600.35	2,633.95	2,688.64	2,782.11

Merchants Financial Group Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Merchants Financial Group's Total Assets for the fiscal year that ended in Dec. 2024 is calculated as

Total Assets	=	Total Equity (A: Dec. 2024 )	+	Total Liabilities (A: Dec. 2024 )
	=	275.72	+	2506.387
	=	2,782.11

Merchants Financial Group's Total Assets for the quarter that ended in Dec. 2024 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2024 )	+	Total Liabilities (Q: Dec. 2024 )
	=	275.72	+	2506.387
	=	2,782.11

Merchants Financial Group (OTCPK:MFGI) Total Assets Explanation

Total Assets is connected with ROA %.

Merchants Financial Group's annualized ROA % for the quarter that ended in Dec. 2024 is

ROA %	=	Net Income (Q: Dec. 2024 )	/	( (Total Assets (Q: Sep. 2024 )	+	Total Assets (Q: Dec. 2024 ))	/ count )
	=	17.112	/	( (2688.643	+	2782.107)	/ 2 )
	=	17.112	/	2735.375
	=	0.63 %

Note: The Net Income data used here is four times the quarterly (Dec. 2024) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Merchants Financial Group's Asset Turnover for the quarter that ended in Dec. 2024 is

	Asset Turnover
=	Revenue (Q: Dec. 2024 )	/	( (Total Assets (Q: Sep. 2024 )	+	Total Assets (Q: Dec. 2024 ))	/ count )
=	30.116	/	( (2688.643	+	2782.107)	/ 2 )
=	30.116	/	2735.375
=	0.01

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Merchants Financial Group Total Assets Related Terms

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Merchants Financial Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Merchants Financial Group Inc (OTCPK:MFGI) » Definitions » Total Assets

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Traded in Other Exchanges

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Address

102 East Third Street, Winona, MN, USA, 55987

Website

https://www.merchantsbank.com

Merchants Financial Group Inc is a bank holding company with one wholly-owned bank subsidiary, Merchants Bank, National Association. It provides retail, commercial loan, and deposit services principally to customers within a radius of its locations. The Bank has a leasing division, Merchants Bank Equipment Finance, which operates in the Minneapolis-St. Paul, Minnesota, metropolitan area.

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