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

Mackinac Financial's Working Capital Ratio

MFNC's quarterly Working Capital Ratio and Current Assets, Current Liabilities growth


In the wake of the increase in Current Liabilities in the second quarter 2021, Working Capital Ratio fell to 1.09 above Mackinac Financial Corp average.

Within Regional Banks industry 57 other companies have achieved higher Working Capital Ratio than Mackinac Financial in second quarter 2021. While Working Capital Ratio total ranking in the second quarter 2021 has deteriorated compared to the prior quarter from 3732 to 4501.

Explain Working Capital Ratio
How much in Current Assets MFNC´s has?
What is the value of MFNC´s Current Liabilities?


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)   (Sep 30 2016)




Financial Statements
Mackinac Financial's Current Liabilities $ 1,307 Millions Visit MFNC's Balance sheet
Mackinac Financial's Current Assets $ 1,427 Millions Visit MFNC's Balance sheet
Source of MFNC's Sales Visit MFNC's Sales by Geography


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
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)   (Mar 31 2017)




Companies with similar Working Capital Ratio in the quarter ending Jun 30 2021, within Regional Banks Industry Working Capital RatioJun 30 2021 MRQ Current AssetsJun 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

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



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