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Maiden Holdings North America, Ltd. (MHNC)
The export includes the complete available history of financial statements and ratios. Numbers are provided in full, without million or billion abbreviations, in their original reporting units.
CSV downloads as a ZIP archive with one file for each report and frequency.
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Maiden Holdings North America, Ltd. Balance Sheet 2024-2008 | MHNC
Brief overview of Maiden Holdings North America, Ltd.'s balance sheet structure
Balance sheet changes are traced across five available annual reports between 2010 and 2024.
Assets finished at $1.3 billion versus $3 billion initially, losing -55.9%. The balance sheet contracted.
Liabilities expanded faster than the asset base, -43.1% versus -55.9%. Debt-service capacity deserves attention.
The equity ratio equals 3.4%, with a starting level of 25.2%. Stable cash flow is important under this structure.
Net debt exceeds equity by 5.07x. The burden makes the balance sheet sensitive to earnings, rates and cash flow.
The cash reserve occupies 1.9% of the balance sheet, previously 3.2%. It is one marker of short-term resilience.
The balance sheet includes a negative accumulated result of -$687.9 million. It should be assessed alongside historical profits and capital distributions.
Overall picture
Maiden Holdings North America, Ltd.'s financial structure calls for caution. Stronger equity, lower debt or restored liquidity would be needed to improve it.
Annual Balance Sheet Maiden Holdings North America, Ltd.
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
229 M | 219 M | 209 M | 189 M | - | - | - | - | - | - | - | - | - | - | - | - | - |
Long Term Debt |
255 M | 255 M | 256 M | 255 M | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Liabilities |
1.27 B | 1.27 B | 1.56 B | 1.94 B | - | - | - | - | - | - | - | - | - | - | 2.23 B | - | - |
Retained Earnings |
-688 M | -487 M | -443 M | -498 M | - | - | - | - | - | - | - | - | - | - | 122 M | - | - |
Total Assets |
1.32 B | 1.52 B | 1.85 B | 2.32 B | - | - | - | - | - | - | - | - | - | - | 2.98 B | - | - |
Cash and Cash Equivalents |
25.7 M | 35.4 M | 46.6 M | 66.1 M | 136 M | 48.2 M | 201 M | 67.9 M | 45.7 M | 89.6 M | 108 M | 140 M | 81.5 M | 188 M | 96.2 M | 107 M | 132 M |
Book Value |
45.2 M | 249 M | 285 M | 384 M | - | - | - | - | - | - | - | - | - | - | 750 M | - | - |
Total Shareholders Equity |
45.2 M | 249 M | 285 M | 384 M | - | 508 M | 554 M | 1.23 B | 1.36 B | 1.35 B | 1.24 B | 1.12 B | 1.02 B | 769 M | 750 M | 713 K | 510 M |
All numbers in USD currency
Quarterly Balance Sheet Maiden Holdings North America, Ltd.
| 2025-Q1 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 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 |
255 M | 255 M | 255 M | 255 M | 255 M | 255 M | 255 M | 255 M | 256 M | 256 M | 255 M | 255 M | 255 M | 255 M | 255 M | 255 M | 255 M | 255 M | 255 M | 255 M | 255 M | 255 M | 255 M | 255 M | 255 M | 255 M | 255 M | 255 M | 254 M | 254 M | 254 M | 254 M | 351 M | 351 M | 351 M | 351 M | 350 M | 350 M | 350 M | 350 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total Liabilities |
1.2 B | 1.19 B | 1.16 B | 1.22 B | 1.27 B | 1.31 B | 1.4 B | 1.49 B | 1.56 B | 1.66 B | 1.81 B | 1.85 B | 1.94 B | 2.07 B | 2.2 B | 2.28 B | 2.42 B | 2.42 B | 2.42 B | 2.42 B | 3.06 B | 3.06 B | 3.06 B | 3.06 B | 4.73 B | 4.73 B | 4.73 B | 4.73 B | 5.41 B | 5.41 B | 5.41 B | 5.41 B | 4.89 B | 4.89 B | 4.89 B | 4.89 B | 4.35 B | 4.35 B | 4.35 B | 4.35 B | 3.92 B | 3.92 B | 3.92 B | 3.92 B | 3.59 B | 3.59 B | 3.59 B | 3.59 B | 3.12 B | 3.12 B | 3.12 B | 3.12 B | 2.63 B | 2.63 B | 2.63 B | 2.59 B |
Retained Earnings |
-697 M | -530 M | -495 M | -485 M | -487 M | -466 M | -463 M | -460 M | -443 M | -479 M | -471 M | -497 M | -498 M | -515 M | -517 M | -544 M | -616 M | -616 M | -616 M | -616 M | -696 M | -696 M | -696 M | -696 M | -564 M | -564 M | -564 M | -564 M | 35.5 M | 35.5 M | 35.5 M | 35.5 M | 286 M | 286 M | 286 M | 286 M | 316 M | 316 M | 316 M | 316 M | 255 M | 255 M | 255 M | 255 M | 212 M | 212 M | 212 M | 212 M | 151 M | 151 M | 151 M | 151 M | 129 M | 129 M | 129 M | 129 M |
Total Assets |
1.23 B | 1.39 B | 1.4 B | 1.47 B | 1.52 B | 1.58 B | 1.66 B | 1.76 B | 1.85 B | 1.99 B | 2.16 B | 2.22 B | 2.32 B | 2.46 B | 2.61 B | 2.7 B | 2.95 B | 2.95 B | 2.95 B | 2.95 B | 3.57 B | 3.57 B | 3.57 B | 3.57 B | 5.29 B | 5.29 B | 5.29 B | 5.29 B | 6.64 B | 6.64 B | 6.64 B | 6.64 B | 6.25 B | 6.25 B | 6.25 B | 6.25 B | 5.7 B | 5.7 B | 5.7 B | 5.7 B | 5.16 B | 5.16 B | 5.16 B | 5.16 B | 4.71 B | 4.71 B | 4.71 B | 4.71 B | 4.14 B | 4.14 B | 4.14 B | 4.14 B | 3.4 B | 3.4 B | 3.4 B | 3.35 B |
Cash and Cash Equivalents |
28.7 M | 110 M | 24.8 M | 20.7 M | 35.4 M | 17.9 M | 17.2 M | 24.2 M | 31 M | 24.4 M | 37.8 M | 37 M | 26.7 M | 29.3 M | 42.1 M | 78.1 M | 136 M | 74 M | 74 M | 74 M | 48.2 M | 48.2 M | 48.2 M | 48.2 M | 201 M | 201 M | 201 M | 201 M | 54.5 M | 54.5 M | 67.9 M | 67.9 M | 41.3 M | 45.7 M | 45.7 M | 45.7 M | 89.6 M | 89.6 M | 89.6 M | 89.6 M | 108 M | 108 M | 108 M | 108 M | 140 M | 140 M | 140 M | 140 M | 81.5 M | 81.5 M | 81.5 M | 81.5 M | 188 M | 188 M | 188 M | 188 M |
Book Value |
37.6 M | 208 M | 238 M | 249 M | 249 M | 263 M | 269 M | 271 M | 285 M | 327 M | 348 M | 368 M | 384 M | 383 M | 404 M | 427 M | 528 M | 528 M | 528 M | 528 M | 508 M | 508 M | 508 M | 508 M | 555 M | 555 M | 555 M | 555 M | 1.23 B | 1.23 B | 1.23 B | 1.23 B | 1.36 B | 1.36 B | 1.36 B | 1.36 B | 1.35 B | 1.35 B | 1.35 B | 1.35 B | 1.24 B | 1.24 B | 1.24 B | 1.24 B | 1.12 B | 1.12 B | 1.12 B | 1.12 B | 1.02 B | 1.02 B | 1.02 B | 1.02 B | 769 M | 769 M | 769 M | 769 M |
Total Shareholders Equity |
37.6 M | 208 M | 238 M | 249 M | 249 M | 263 M | 269 M | 271 M | 285 M | 327 M | 348 M | 368 M | 384 M | 383 M | 404 M | 427 M | 528 M | 528 M | 528 M | 528 M | 508 M | 533 M | 508 M | 508 M | 554 M | 554 M | 554 M | 554 M | 1.23 B | 1.23 B | 1.23 B | 1.23 B | 1.36 B | 1.36 B | 1.36 B | 1.36 B | 1.35 B | 1.35 B | 1.35 B | 1.35 B | 1.24 B | 1.24 B | 1.24 B | 1.24 B | 1.12 B | 1.12 B | 1.12 B | 1.12 B | 1.02 B | 1.02 B | 1.02 B | 1.02 B | 769 M | 769 M | 769 M | 769 M |
All numbers in USD currency
Balance Sheet is a fundamental financial report of Maiden Holdings North America, Ltd., 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.