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Mackinac Financial Corp  (MFNC)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial

Mackinac Financial's Quick Ratio

MFNC's quarterly Quick Ratio and Cash & cash equivalent, Current Liabilities growth


Mackinac Financial's Cash & cash equivalent grew by 28.29 % in the II Quarter 2021 sequentially, faster than Current Liabilities, this led to improvement in Mackinac Financial's Quick Ratio to 0.35 a new company high.

Within Regional Banks industry 14 other companies have achieved higher Quick Ratio than Mackinac Financial in second quarter 2021. While Quick Ratio total ranking in the second quarter 2021 has deteriorated compared to the prior quarter from 3508 to 3574.

Explain Quick Ratio?
How much Cash & cash equivalents MFNC´s has?
What are MFNC´s Current Liabilities?


MFNC Quick Ratio (Jun 30 2021)
II. Quarter
(Mar 31 2021)
I. Quarter
(Dec 31 2020)
IV. Quarter
(Sep 30 2020)
III. Quarter
(Jun 30 2020)
II. Quarter
Y / Y Current Liabilities Change 6.48 % 13.87 % 16.35 % 15.02 % 10.11 %
Y / Y Cash & cash equivalent Change 68.19 % 61.05 % 98.54 % 167.03 % 145.62 %
Quick Ratio MRQ 0.35 0.28 0.27 0.22 0.22
MFNC's Total Ranking # 3574 # 3508 # 2272 # 3435 # 2945
Seq. Current Liabilities Change 2.66 % 1.15 % -1.73 % 4.34 % 9.78 %
Seq. Cash & cash equivalent Change 28.29 % 6.47 % 16.7 % 5.51 % 22.85 %



Quick Ratio second quarter 2021 Company Ranking
Within: No.
Regional Banks Industry # 15
Financial Sector # 825
Overall Market # 3574


Quick Ratio Statistics
High Average Low
0.35 0.16 0.1
(Jun 30 2021)   (Sep 30 2019)




Financial Statements
Mackinac Financial's Current Liabilities $ 1,307 Millions Visit MFNC's Balance sheet
Mackinac Financial's Cash & cash equivalent $ 456 Millions Visit MFNC's Balance sheet
Source of MFNC's Sales Visit MFNC's Sales by Geography


Cumulative Mackinac Financial's Quick Ratio

MFNC's Quick Ratio for the trailling 12 Months

MFNC Quick Ratio

(Jun 30 2021)
II. Quarter
(Mar 31 2021)
I. Quarter
(Dec 31 2020)
IV. Quarter
(Sep 30 2020)
III. Quarter
(Jun 30 2020)
II. Quarter
Y / Y Current Liabilities TTM Growth 6.48 % 13.87 % 16.35 % 15.02 % 10.11 %
Y / Y Cash & cash equivalent TTM Growth 68.19 % 61.05 % 98.54 % 167.03 % 145.62 %
Quick Ratio TTM 0.28 0.25 0.23 0.2 0.17
Total Ranking TTM # 4836 # 4817 # 3188 # 3247 # 3046
Seq. Current Liabilities TTM Growth 2.66 % 1.15 % -1.73 % 4.34 % 9.78 %
Seq. Cash & cash equivalent TTM Growth 28.29 % 6.47 % 16.7 % 5.51 % 22.85 %


On the trailing twelve months basis MFNC Cash & cash equivalent soared by 68.19 % in II Quarter 2021 year on year, faster than Current Liabilities, this led to increase in in Mackinac Financial's Quick Ratio to 0.28, above MFNC average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Regional Banks industry 219 other companies have achieved higher Quick Ratio than Mackinac Financial. While Quick Ratio total ranking has deteriorated compared to the previous twelve months ending in the first quarter 2021 from 4817 to 4836.

Explain Quick Ratio?
How much Cash & cash equivalents MFNC´s has?
What are MFNC´s Current Liabilities?

TTM Quick Ratio Company Ranking
Within: No.
Within the Regional Banks Industry # 220
Financial Sector # 979
Within the Market # 4836


trailing twelve months Quick Ratio Statistics
High Average Low
0.28 0.16 0.1
(Jun 30 2021)   (Sep 30 2019)




Companies with similar Quick Ratio in the quarter ending Jun 30 2021, within Regional Banks Industry Quick RatioJun 30 2021 MRQ Cash & cash equivalentJun 30 2021 MRQ Current Liabilities
Bm Technologies Inc   0.89 $ 19.589  Millions$ 22.051  Millions
Peoples Financial Corp  0.70 $ 455.609  Millions$ 648.969  Millions
Century Bancorp Inc   0.61 $ 4,069.746  Millions$ 6,621.481  Millions
Macatawa Bank Corp  0.61 $ 1,582.139  Millions$ 2,612.250  Millions
Security Federal Corp  0.60 $ 600.587  Millions$ 994.355  Millions
Wvs Financial Corp  0.56 $ 151.927  Millions$ 270.415  Millions
Popular Inc   0.55 $ 36,225.252  Millions$ 65,666.059  Millions
Silvergate Capital Corporation  0.54 $ 6,203.776  Millions$ 11,403.131  Millions
Southside Bancshares Inc   0.53 $ 2,766.035  Millions$ 5,179.950  Millions
First Financial Bankshares Inc   0.53 $ 5,578.048  Millions$ 10,542.858  Millions
International Bancshares Corporation  0.53 $ 6,508.297  Millions$ 12,307.299  Millions
1895 Bancorp Of Wisconsin Inc   0.51 $ 237.223  Millions$ 466.314  Millions
First Ban corp   0.49 $ 9,193.730  Millions$ 18,661.245  Millions
Cvb Financial Corp   0.48 $ 6,300.810  Millions$ 13,247.264  Millions
Juniata Valley Financial Corp  0.47 $ 342.030  Millions$ 720.692  Millions
Capital City Bank Group Inc   0.47 $ 1,652.263  Millions$ 3,494.121  Millions
Oak Valley Bancorp  0.47 $ 762.577  Millions$ 1,614.480  Millions
Bank Of South Carolina Corporation  0.47 $ 241.686  Millions$ 514.972  Millions
Citizens Holding Co  0.47 $ 558.721  Millions$ 1,195.102  Millions
First Financial Corporation  0.46 $ 1,898.003  Millions$ 4,087.276  Millions
Northern Trust Corporation  0.46 $ 67,167.600  Millions$ 146,739.500  Millions
Choiceone Financial Services Inc   0.45 $ 855.555  Millions$ 1,880.735  Millions
Horizon Bancorp Inc   0.45 $ 2,155.635  Millions$ 4,784.056  Millions
Prosperity Bancshares Inc   0.44 $ 12,978.851  Millions$ 29,557.619  Millions
Richmond Mutual Bancorporation Inc   0.43 $ 339.630  Millions$ 793.271  Millions
Metropolitan Bank Holding Corp   0.43 $ 2,265.256  Millions$ 5,320.644  Millions
First Hawaiian Inc   0.43 $ 8,860.228  Millions$ 20,835.115  Millions
Heartland Financial Usa Inc   0.42 $ 6,623.925  Millions$ 15,939.976  Millions
Auburn National Bancorporation Inc   0.42 $ 384.865  Millions$ 926.995  Millions
Amalgamated Financial Corp   0.41 $ 2,449.552  Millions$ 5,909.992  Millions

Date modified: 2023-03-26T07:51:22+00:00



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