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Mackinac Financial Corp (MFNC) |
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Mackinac Financial's Working Capital Ratio
MFNC's quarterly Working Capital Ratio and Current Assets, Current Liabilities growth
Select the Comparisons :
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Select the Ratio:
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MFNC Working Capital 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 Current Assets Change |
0.57 % |
12.17 % |
15.02 % |
22.58 % |
21.77 % |
Working Capital Ratio MRQ |
1.09 |
1.11 |
1.12 |
1.11 |
1.16 |
MFNC's Total
Ranking |
# 4501 |
# 3732 |
# 3139 |
# 3373 |
# 2246 |
Seq. Current Liabilities Change |
2.66 % |
1.15 % |
-1.73 % |
4.34 % |
9.78 % |
Seq. Current Assets Change |
1.04 % |
0.55 % |
-1.33 % |
0.32 % |
12.7 % |
Working Capital Ratio second quarter 2021 Company Ranking |
Within: |
No. |
Regional Banks Industry |
# 58 |
Financial Sector |
# 814 |
Overall Market |
# 4501 |
Working Capital Ratio Statistics |
High |
Average |
Low |
1.16 |
0.99 |
0.8 |
(Jun 30 2020) |
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(Sep 30 2016) |
Cumulative Mackinac Financial's Working Capital Ratio
MFNC's Working Capital Ratio for the trailling 12 Months
MFNC Working Capital 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 Current Assets TTM Growth |
0.57 % |
12.17 % |
15.02 % |
22.58 % |
21.77 % |
Working Capital Ratio TTM |
1.11 |
1.12 |
1.13 |
1.13 |
1.11 |
Total
Ranking TTM |
# 3504
| # 3364
| # 3364
| # 3362
| # 4734
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Seq. Current Liabilities TTM Growth |
2.66 % |
1.15 % |
-1.73 % |
4.34 % |
9.78 % |
Seq. Current Assets TTM Growth |
1.04 % |
0.55 % |
-1.33 % |
0.32 % |
12.7 % |
On the trailing twelve months basis Due to rise in Current Liabilities in the II Quarter 2021 to $1,307.15 millions, cumulative Working Capital Ratio decreased to 1.11 above the MFNC average Working Capital Ratio. Working Capital Ratio is the average cumulative value over the last four quarters.
Among companies operating within Regional Banks industry 82 other companies have achieved higher Working Capital Ratio than Mackinac Financial. While Working Capital Ratio total ranking has deteriorated compared to the previous twelve months ending in the first quarter 2021 from 3364 to 3504.
Explain Working Capital Ratio
How much in Current Assets MFNC´s has?
What is the value of MFNC´s Current Liabilities?
TTM Working Capital Ratio Company Ranking |
Within: |
No. |
Within the Regional Banks Industry |
# 83 |
Financial Sector |
# 518 |
Within the Market |
# 3504 |
trailing twelve months Working Capital Ratio Statistics |
High |
Average |
Low |
1.13 |
1 |
0.82 |
(Jun 30 2020) |
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(Mar 31 2017) |
Companies with similar Working Capital Ratio in the quarter ending Jun 30 2021, within Regional Banks Industry | Working Capital Ratio | Jun 30 2021 MRQ Current Assets | Jun 30 2021 MRQ Current Liabilities | New York Community Bancorp Inc | 2.73 | $ 95,409.000 Millions | $ 34,977.000 Millions | Atlantic Capital Bancshares inc | 1.96 | $ 2,693.171 Millions | $ 1,374.694 Millions | Citizens Financial Group Inc | 1.80 | $ 271,653.000 Millions | $ 150,842.000 Millions | First Foundation inc | 1.77 | $ 12,727.134 Millions | $ 7,185.116 Millions | First Ban corp | 1.68 | $ 31,351.701 Millions | $ 18,661.245 Millions | Security Federal Corp | 1.62 | $ 1,614.767 Millions | $ 994.355 Millions | Texas Capital Bancshares Inc | 1.59 | $ 45,859.617 Millions | $ 28,862.160 Millions | Century Bancorp Inc | 1.52 | $ 10,092.728 Millions | $ 6,621.481 Millions | First Financial Corporation | 1.45 | $ 5,916.303 Millions | $ 4,087.276 Millions | Richmond Mutual Bancorporation Inc | 1.43 | $ 1,134.622 Millions | $ 793.271 Millions | Bm Technologies Inc | 1.34 | $ 29.632 Millions | $ 22.051 Millions | Luther Burbank Corp | 1.31 | $ 7,171.179 Millions | $ 5,456.774 Millions | County Bancorp Inc | 1.28 | $ 1,465.055 Millions | $ 1,148.233 Millions | 1895 Bancorp Of Wisconsin Inc | 1.27 | $ 590.482 Millions | $ 466.314 Millions | Provident Bancorp Inc | 1.24 | $ 1,636.798 Millions | $ 1,321.789 Millions | Flushing Financial Corporation | 1.23 | $ 7,745.874 Millions | $ 6,298.790 Millions | Metrocity Bankshares inc | 1.23 | $ 2,427.681 Millions | $ 1,975.033 Millions | Horizon Bancorp Inc | 1.21 | $ 5,768.529 Millions | $ 4,784.056 Millions | Pcsb Financial Corporation | 1.20 | $ 1,794.632 Millions | $ 1,491.682 Millions | Independent Bank Corp | 1.20 | $ 14,409.032 Millions | $ 11,986.971 Millions | First Financial Northwest Inc | 1.20 | $ 1,361.039 Millions | $ 1,134.495 Millions | Randolph Bancorp Inc. | 1.20 | $ 684.902 Millions | $ 571.983 Millions | Rbb Bancorp | 1.19 | $ 3,664.503 Millions | $ 3,069.925 Millions | Wvs Financial Corp | 1.19 | $ 321.863 Millions | $ 270.415 Millions | Bogota Financial Corp | 1.19 | $ 676.596 Millions | $ 569.191 Millions | Unity Bancorp inc | 1.19 | $ 1,908.639 Millions | $ 1,609.245 Millions | Live Oak Bancshares Inc | 1.17 | $ 7,653.358 Millions | $ 6,520.833 Millions | Crossfirst Bankshares inc | 1.17 | $ 5,097.200 Millions | $ 4,356.627 Millions | Washington Trust Bancorp Inc | 1.17 | $ 5,507.340 Millions | $ 4,725.659 Millions | First Northwest Bancorp | 1.17 | $ 1,711.079 Millions | $ 1,468.414 Millions |
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