Union Financial Corporation
Union Financial Corporation operates as a bank holding company for Union Bank that provides banking products and services in Michigan. It offers checking, savings, money market, and health savings accounts; certificate of deposits; merchant, digital, overdraft protection, treasury management, and relationship and cannabis banking services; and credit cards. The company also provides business plan… Read more
Union Financial Corporation (UFCP) - Total Assets
Latest total assets as of June 2019: $191.44 Million USD
Based on the latest financial reports, Union Financial Corporation (UFCP) holds total assets worth $191.44 Million USD as of June 2019.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Union Financial Corporation - Total Assets Trend (2016–2022)
This chart illustrates how Union Financial Corporation’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Union Financial Corporation - Asset Composition Analysis
Current Asset Composition (December 2022)
Union Financial Corporation's total assets of $191.44 Million consist of 12.3% current assets and 87.7% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 12.3% |
| Accounts Receivable | $0.00 | 0.0% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $980.95 | 0.3% |
Asset Composition Trend (2016–2022)
This chart illustrates how Union Financial Corporation's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Union Financial Corporation's current assets represent 12.3% of total assets in 2022, an increase from 9.2% in 2016.
- Cash Position: Cash and equivalents constituted 12.3% of total assets in 2022, up from 9.2% in 2016.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2016.
- Asset Diversification: The largest asset category is goodwill at 0.3% of total assets.
Union Financial Corporation Competitors by Total Assets
Key competitors of Union Financial Corporation based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Ping An Bank Co Ltd
SHE:000001
|
China | CN¥5.77 Trillion |
|
Bank of Ningbo Co Ltd
SHE:002142
|
China | CN¥3.58 Trillion |
|
Bank of Zhengzhou Co Ltd Class A
SHE:002936
|
China | CN¥743.55 Billion |
|
Qingdao Rural Commercial Bank Corp Class A
SHE:002958
|
China | CN¥509.92 Billion |
|
Bank of Suzhou
SHE:002966
|
China | CN¥776.04 Billion |
|
Jeju Bank
KO:006220
|
Korea | ₩7.72 Trillion |
|
Industrial Bank Of Korea
KO:024110
|
Korea | ₩490.11 Trillion |
|
Hana Financial
KO:086790
|
Korea | ₩659.08 Trillion |
Union Financial Corporation - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Strong asset utilization - Union Financial Corporation generates 39.77x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Excellent ROA - For every $100 in assets, Union Financial Corporation generates $ 329.80 in net profit.
Union Financial Corporation - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 78.84 | 9.29 | 9.29 |
| Quick Ratio | 78.84 | 9.29 | 9.29 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $7.99 Million | $ 14.04 Million | $ 14.04 Million |
Union Financial Corporation - Advanced Valuation Insights
This section examines the relationship between Union Financial Corporation's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | - |
| Latest Market Cap to Assets Ratio | 0.07 |
| Asset Growth Rate (YoY) | -0.5% |
| Total Assets | $339.06K |
| Market Capitalization | $24.08K USD |
Valuation Analysis
Below Book Valuation: The market values Union Financial Corporation's assets below their book value (0.07 x), which may indicate investor concerns about asset quality or future growth.
Slight Asset Contraction: Union Financial Corporation's assets decreased by 0.5% over the past year, which may reflect streamlining or optimization of resources.
Annual Total Assets for Union Financial Corporation (2016–2022)
The table below shows the annual total assets of Union Financial Corporation from 2016 to 2022.
| Year | Total Assets | Change |
|---|---|---|
| 2022-12-31 | $339.06K | -0.53% |
| 2021-12-31 | $340.86K | +15.30% |
| 2020-12-31 | $295.63K | +43.22% |
| 2019-12-31 | $206.41K | -99.89% |
| 2018-12-31 | $186.80 Million | +5.30% |
| 2017-12-31 | $177.40 Million | +1.41% |
| 2016-12-31 | $174.93 Million | -- |