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Mackinac Financial Corp (MFNC) |
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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?
Select the Comparisons :
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Select the Ratio:
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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) |
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(Sep 30 2019) |
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
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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) |
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(Sep 30 2019) |
Companies with similar Quick Ratio in the quarter ending Jun 30 2021, within Regional Banks Industry | Quick Ratio | Jun 30 2021 MRQ Cash & cash equivalent | Jun 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 |
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