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Midwest Holding (MDWT)
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Midwest Holding Balance Sheet 2022-2009 | MDWT
Brief overview of Midwest Holding 's balance sheet structure
This overview follows the five latest available annual observations between 2018 and 2022.
Total assets increased by +2,788.2%, from $66.5 million to $1.9 billion. A CAGR near 131.8% points to substantial expansion.
Liability growth of +2,628.3% trailed asset growth of +2,788.2%. The funding structure became more resilient.
Given the financial profile, the capital cushion is the main focus. It covers 1.2% of assets versus -6.2% five periods ago.
The accumulated result is -$63 million and remains below zero. The number alone does not explain whether losses, dividends or repurchases were the main cause.
Conclusion
Midwest Holding 's balance sheet sends more positive than negative signals, but liabilities should not begin outpacing the capital base.
Annual Balance Sheet Midwest Holding
| 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
- | - | -151 M | -43.2 M | 16.1 M | -402 K | -112 K | -642 K | -1.76 M | - | -4.35 M | -1.52 M | - | - |
Long Term Debt |
- | - | 397 K | 524 K | 18.9 M | 550 K | 550 K | 550 K | 550 K | - | - | 950 K | - | - |
Total Liabilities |
1.89 B | 1.13 B | 640 M | 206 M | 69.1 M | 47.4 M | 43 M | 56 M | 52.4 M | 51.2 M | 48.6 M | 46.1 M | - | - |
Deferred Revenue |
- | - | - | 261 | - | - | - | - | - | - | 86.7 K | - | - | - |
Retained Earnings |
-63 M | -70.2 M | -53.5 M | -41.1 M | -35.3 M | -30.3 M | -27.5 M | -23.7 M | -21.2 M | -17.7 M | -15.8 M | -14.1 M | - | - |
Total Assets |
1.92 B | 1.22 B | 726 M | 220 M | 66.5 M | 49.7 M | 47.3 M | 62.9 M | 60.4 M | 62.2 M | 62.9 M | 57.7 M | - | - |
Cash and Cash Equivalents |
191 M | 142 M | 152 M | 43.7 M | 2.83 M | 952 K | 662 K | 1.19 M | 2.31 M | 3.38 M | 4.35 M | 2.47 M | 5.25 M | - |
Book Value |
34.4 M | 85.8 M | 86.3 M | 14.2 M | -2.64 M | 2.24 M | 4.27 M | 6.9 M | 8.04 M | 11 M | 14.2 M | 11.6 M | - | - |
Total Shareholders Equity |
23.9 M | 70.8 M | 86.3 M | 14 M | -4.14 M | 2.24 M | 4.27 M | 6.9 M | 8.04 M | 6.68 M | 9.54 M | 10.2 M | 10.5 M | 10.4 M |
Annual performance
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All numbers in USD currency
Quarterly Balance Sheet Midwest Holding
| 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
- | - | - | - | 2.19 M | 2.25 M | 2.31 M | 2.36 M | 299 K | 331 K | 364 K | 397 K | 429 K | 461 K | 493 K | 524 K | 18.9 M | 18.9 M | 19 M | 18.9 M | 18.9 M | 18.9 M | 18.9 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Liabilities |
2.6 B | 2.4 B | 2.12 B | 1.89 B | 1.65 B | 1.37 B | 1.22 B | 1.13 B | 1.03 B | 906 M | 781 M | 640 M | 512 M | 370 M | 255 M | 206 M | 127 M | 77.5 M | 77.6 M | 69.1 M | 47 M | 48.8 M | 47.7 M | 47.4 M | 45.2 M | 44.6 M | 43.5 M | 43 M | 42.6 M | 56.8 M | 56.3 M | 56 M | 53.5 M | 53.4 M | 53.1 M | 52.4 M | 52.7 M | 52.6 M | 52.2 M | 51.2 M | 50.2 M | 50 M | 49.1 M | 48.6 M | 46.3 M | 46.4 M | 46.6 M | 46.1 M | 46.1 M | 46.1 M | 46.1 M |
Retained Earnings |
-67.4 M | -67.7 M | -63.9 M | -63 M | -53.3 M | -60.7 M | -70 M | -70.2 M | -63.2 M | -60.1 M | -55.1 M | -53.5 M | -41.6 M | -36.1 M | -19.5 M | -41.1 M | -39.3 M | -37.7 M | -36.8 M | -35.3 M | -33.9 M | -32 M | -31 M | -30.3 M | -30 M | -29.4 M | -28.6 M | -27.5 M | -25.2 M | -25.4 M | -24.5 M | -23.7 M | -23.2 M | -22.8 M | -21.9 M | -21.2 M | -20.4 M | -19.6 M | -18.4 M | -17.7 M | -17.2 M | -16.8 M | -16.3 M | -15.8 M | -15.6 M | -15.6 M | -15 M | -14.1 M | -14.1 M | -14.1 M | -14.3 M |
Total Assets |
2.62 B | 2.43 B | 2.14 B | 1.92 B | 1.69 B | 1.44 B | 1.3 B | 1.22 B | 1.11 B | 987 M | 866 M | 726 M | 537 M | 396 M | 264 M | 220 M | 143 M | 94.2 M | 74.7 M | 66.5 M | 46.1 M | 50 M | 48.6 M | 49.7 M | 47.5 M | 47.5 M | 46.9 M | 47.3 M | 50.4 M | 65.4 M | 65.3 M | 62.9 M | 59.3 M | 59.5 M | 60.5 M | 60.4 M | 61.4 M | 62.1 M | 62.5 M | 62.2 M | 61.8 M | 62 M | 62.7 M | 62.9 M | 56.2 M | 58.9 M | 58.5 M | 57.7 M | 57.7 M | 57.7 M | 57.5 M |
Cash and Cash Equivalents |
198 M | 194 M | 170 M | 191 M | 209 M | 129 M | 145 M | 142 M | 81.5 M | 70.3 M | 101 M | 152 M | 136 M | 75 M | 25.5 M | 43.7 M | 24.4 M | 10.3 M | 3.81 M | 2.83 M | 555 K | 2.66 M | 505 K | 952 K | 677 K | 2.28 M | 1.22 M | 662 K | 2.39 M | 3.21 M | 3.64 M | 1.19 M | 1.21 M | 1.76 M | 2.45 M | 2.31 M | 2.45 M | 3.6 M | 2.91 M | 3.38 M | 3.23 M | 3.96 M | 4.52 M | 4.35 M | 1.43 M | 3.76 M | 3.87 M | 2.47 M | 2.47 M | 2.47 M | 2.47 M |
Book Value |
22 M | 29.3 M | 24.8 M | 34.4 M | 39.9 M | 64.5 M | 79.2 M | 85.8 M | 80.1 M | 81.6 M | 85.6 M | 86.3 M | 25.1 M | 26 M | 8.61 M | 14.2 M | 15.6 M | 16.7 M | -2.93 M | -2.64 M | -854 K | 1.16 M | 902 K | 2.24 M | 2.34 M | 2.92 M | 3.42 M | 4.27 M | 7.79 M | 8.58 M | 8.97 M | 6.9 M | 5.8 M | 6.14 M | 7.42 M | 8.04 M | 8.67 M | 9.54 M | 10.3 M | 11 M | 11.6 M | 12.1 M | 13.6 M | 14.2 M | 9.85 M | 12.5 M | 11.8 M | 11.6 M | 11.6 M | 11.6 M | 11.4 M |
Total Shareholders Equity |
3.7 M | 13.7 M | 12.8 M | 23.9 M | 31.8 M | 52.1 M | 60.8 M | 70.8 M | 80.1 M | 81.6 M | 85.6 M | 86.3 M | 25.1 M | 26 M | 8.42 M | 14 M | 15.5 M | 16.7 M | -4.52 M | -4.14 M | -2.35 M | -336 K | 902 K | 2.24 M | 2.34 M | 2.92 M | 3.42 M | 4.27 M | 7.79 M | 8.58 M | 8.97 M | 6.9 M | 5.8 M | 6.14 M | 7.42 M | 8.04 M | 8.67 M | 5.71 M | 6.21 M | 6.68 M | 7.32 M | 7.66 M | 9.02 M | 9.54 M | 9.67 M | 9.51 M | 9.82 M | 10.2 M | 10.2 M | 10.2 M | 9.96 M |
Quarterly performance
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All numbers in USD currency
Balance Sheet is a fundamental financial report of Midwest Holding , providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.