Manulife Financial Corp (MFC-PM.TO)

23.680.18 (-0.75%)

Manulife Financial Corp (MFC-PM.TO) stock comprehensive Balance Sheet Growth Analysis including assets, liabilities, and equity growth. Compare balance sheet against peers/competitors, industry and sector standards.

High Bankruptcy RiskAttractive ValuationLow ProfitabilityAdequate Financial HealthInefficient OperationsModerate GrowthModerate QualityAdequate Dividend ProfileIndustry Rank: 80.82%Sector Rank: 83.13%

TSX - Financial Services - Insurance - Life | Market Cap: 40.56B | Next Earnings Date: 6 Aug 2025

Day's Range

23.68 - 23.68

52-Week Range

20.75 - 25.07

Volume

1.4K / 5.9K (Avg.)

Trending:

MFC-PM.TO Balance Sheet Growth Analysis

Evaluation Basis

Value Investing Sector Medians Industry Medians

Select Period

2025 (Q2)2025 (Q1)2024 (Q4)2024 (Q3)2024 (Q2)2024 (Q1)2023 (Q4)2023 (Q3)

Compare against a Competitor

None MFC-PL.TO MFC-PN.TO MFC-PF.TO MFC-PI.TO MFC-PK.TO

Identifies how quickly the company is scaling its balance sheet (via acquisitions, expansions, or debt). Strong growth, accompanied by sound fundamentals, can support long-term intrinsic value—while disproportionate debt expansion or bloated intangible assets can signal elevated risk.

Cash & Equivalents Growth

-12.13%

Increased from previous period

Cash & equivalents declining -12.13% while Financial Services shows 0.00% growth. Howard Marks would investigate if this cash drain is temporary or signals deeper issues.

Short-Term Investments Growth

2.87%

Increased from previous period

Short-term investments yoy growth ≥ 1.5x the Financial Services median of 0.00%. Joel Greenblatt might see stronger near-cash accumulation as an opportunity. Check yields vs. peers.

Cash + Short-Term Investments Growth

-12.13%

Increased from previous period

Below half the Financial Services median of 0.00% yoy growth. Jim Chanos might see inadequate liquidity buildup relative to peers. Verify free cash flow trends.

Net Receivables Growth

-5.10%

Decreased from previous period

Receivables growth above 1.5x Financial Services median of 0.00%. Jim Chanos might see a serious red flag in ballooning receivables.

Inventory Growth

No Data

No Data available this quarter, please select a different quarter.

Other Current Assets Growth

No Data

No Data available this quarter, please select a different quarter.

Total Current Assets Growth

-11.68%

Increased from previous period

Below half the Financial Services median of 0.00%. Jim Chanos would question if the company faces working capital strain.

PP&E (Net) Growth

No Data

No Data available this quarter, please select a different quarter.

Goodwill Growth

No Data

No Data available this quarter, please select a different quarter.

Intangible Assets Growth

No Data

No Data available this quarter, please select a different quarter.

Goodwill + Intangibles Growth

-0.91%

Increased from previous period

Exceeding 1.5x Financial Services median of 0.00%. Jim Chanos might see big intangible expansions as a red flag for future impairments.

Long-Term Investments Growth

3.60%

Increased from previous period

≥ 1.5x the Financial Services median of 0.00%. Joel Greenblatt sees a bigger push into long-term investments. Check synergy with core business.

Tax Assets Growth

No Data

No Data available this quarter, please select a different quarter.

Other Non-Current Assets Growth

-3.41%

Decreased from previous period

Above 1.5x Financial Services median of 0.00%. Jim Chanos sees a red flag for intangible or questionable expansions in the balance sheet.

Total Non-Current Assets Growth

3.41%

Increased from previous period

≥ 1.5x the Financial Services median of 0.00%. Joel Greenblatt sees more aggressive long-term asset growth than peers, but it must be value-accretive.

Other Assets Growth

2.47%

Increased from previous period

Above 1.5x Financial Services median of 0.00%. Jim Chanos sees potential red flags in big "other" asset lumps.

Total Assets Growth

2.34%

Increased from previous period

≥ 1.5x the Financial Services median of 0.26%. Joel Greenblatt sees more aggressive asset expansion than peers, but must confirm returns are adequate.

Accounts Payable Growth

No Data

No Data available this quarter, please select a different quarter.

Short-Term Debt Growth

No Data

No Data available this quarter, please select a different quarter.

Tax Payables Growth

No Data

No Data available this quarter, please select a different quarter.

Deferred Revenue (Current) Growth

No Data

No Data available this quarter, please select a different quarter.

Other Current Liabilities Growth

No Data

No Data available this quarter, please select a different quarter.

Total Current Liabilities Growth

No Data

No Data available this quarter, please select a different quarter.

Long-Term Debt Growth

-13.42%

Decreased from previous period

Above 1.5x Financial Services median of 0.00%. Jim Chanos might see a red flag for ballooning debt load.

Non-Current Deferred Revenue Growth

No Data

No Data available this quarter, please select a different quarter.

Deferred Tax Liabilities (Non-Current) Growth

21.19%

Increased from previous period

Above 1.5x Financial Services median of 0.00%. Jim Chanos suspects major expansions in deferred taxes.

Other Non-Current Liabilities Growth

8.85%

Increased from previous period

Above 1.5x Financial Services median of 0.00%. Jim Chanos sees a potentially alarming surge in other LT obligations.

Total Non-Current Liabilities Growth

-8.85%

Decreased from previous period

Above 1.5x Financial Services median of 0.00%. Jim Chanos suspects a red flag in ballooning future obligations.

Other Liabilities Growth

2.43%

Increased from previous period

Above 1.5x Financial Services median of 0.00%. Jim Chanos suspects hidden or rapidly growing miscellaneous liabilities.

Total Liabilities Growth

2.21%

Increased from previous period

Above 1.5x Financial Services median of 0.05%. Jim Chanos suspects an alarming rise in overall leverage.

Common Stock (Book Value) Growth

0.01%

Decreased from previous period

Above 1.5x Financial Services median of 0.00%. Jim Chanos suspects heavier share issuance than peers.

Retained Earnings Growth

10.64%

Increased from previous period

≥ 1.5x Financial Services median of 1.06%. Joel Greenblatt sees stronger retained profit growth vs. peers.

AOCI Growth

20.25%

Increased from previous period

Above 1.5x Financial Services median 0.00%. Jim Chanos suspects a red flag if these gains are highly volatile.

Other Stockholders' Equity Items Growth

-6.05%

Decreased from previous period

Above 1.5x Financial Services median of 0.00%. Jim Chanos sees a potential red flag for complicated equity transactions.

Total Stockholders' Equity Growth

4.32%

Increased from previous period

≥ 1.5x Financial Services median of 1.11%. Joel Greenblatt sees stronger equity growth vs. peers.

Liabilities + Equity Growth

2.34%

Increased from previous period

≥ 1.5x Financial Services median of 0.59%. Joel Greenblatt sees more aggressive expansions than peers.

Total Investments Growth

3.30%

Increased from previous period

≥ 1.5x Financial Services median of 0.00%. Joel Greenblatt sees bigger push into investments vs. peers.

Total Debt Growth

-13.42%

Decreased from previous period

Above 1.5x Financial Services median of 0.00%. Jim Chanos suspects a big rise in leverage. Check coverage carefully.

Net Debt Growth

10.17%

Decreased from previous period

Above 1.5x Financial Services median 0.00%. Jim Chanos sees a big jump in net debt. Potential leverage red flag.

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MFC-PM.TO Balance Sheet Growth Analysis

Evaluation Basis

Value Investing Sector Medians Industry Medians

Select Period

2025 (Q2)2025 (Q1)2024 (Q4)2024 (Q3)2024 (Q2)2024 (Q1)2023 (Q4)2023 (Q3)

Compare against a Competitor

None MFC-PL.TO MFC-PN.TO MFC-PF.TO MFC-PI.TO MFC-PK.TO

Cash & Equivalents Growth

-12.13%

Increased from previous period

Cash & equivalents declining -12.13% while Financial Services shows 0.00% growth. Howard Marks would investigate if this cash drain is temporary or signals deeper issues.

Short-Term Investments Growth

2.87%

Increased from previous period

Short-term investments yoy growth ≥ 1.5x the Financial Services median of 0.00%. Joel Greenblatt might see stronger near-cash accumulation as an opportunity. Check yields vs. peers.

Cash + Short-Term Investments Growth

-12.13%

Increased from previous period

Below half the Financial Services median of 0.00% yoy growth. Jim Chanos might see inadequate liquidity buildup relative to peers. Verify free cash flow trends.

Net Receivables Growth

-5.10%

Decreased from previous period

Receivables growth above 1.5x Financial Services median of 0.00%. Jim Chanos might see a serious red flag in ballooning receivables.

Inventory Growth

No Data

No Data available this quarter, please select a different quarter.

Other Current Assets Growth

No Data

No Data available this quarter, please select a different quarter.

Total Current Assets Growth

-11.68%

Increased from previous period

Below half the Financial Services median of 0.00%. Jim Chanos would question if the company faces working capital strain.

PP&E (Net) Growth

No Data

No Data available this quarter, please select a different quarter.

Goodwill Growth

No Data

No Data available this quarter, please select a different quarter.

Intangible Assets Growth

No Data

No Data available this quarter, please select a different quarter.

Goodwill + Intangibles Growth

-0.91%

Increased from previous period

Exceeding 1.5x Financial Services median of 0.00%. Jim Chanos might see big intangible expansions as a red flag for future impairments.

Long-Term Investments Growth

3.60%

Increased from previous period

≥ 1.5x the Financial Services median of 0.00%. Joel Greenblatt sees a bigger push into long-term investments. Check synergy with core business.

Tax Assets Growth

No Data

No Data available this quarter, please select a different quarter.

Other Non-Current Assets Growth

-3.41%

Decreased from previous period

Above 1.5x Financial Services median of 0.00%. Jim Chanos sees a red flag for intangible or questionable expansions in the balance sheet.

Total Non-Current Assets Growth

3.41%

Increased from previous period

≥ 1.5x the Financial Services median of 0.00%. Joel Greenblatt sees more aggressive long-term asset growth than peers, but it must be value-accretive.

Other Assets Growth

2.47%

Increased from previous period

Above 1.5x Financial Services median of 0.00%. Jim Chanos sees potential red flags in big "other" asset lumps.

Total Assets Growth

2.34%

Increased from previous period

≥ 1.5x the Financial Services median of 0.26%. Joel Greenblatt sees more aggressive asset expansion than peers, but must confirm returns are adequate.

Accounts Payable Growth

No Data

No Data available this quarter, please select a different quarter.

Short-Term Debt Growth

No Data

No Data available this quarter, please select a different quarter.

Tax Payables Growth

No Data

No Data available this quarter, please select a different quarter.

Deferred Revenue (Current) Growth

No Data

No Data available this quarter, please select a different quarter.

Other Current Liabilities Growth

No Data

No Data available this quarter, please select a different quarter.

Total Current Liabilities Growth

No Data

No Data available this quarter, please select a different quarter.

Long-Term Debt Growth

-13.42%

Decreased from previous period

Above 1.5x Financial Services median of 0.00%. Jim Chanos might see a red flag for ballooning debt load.

Non-Current Deferred Revenue Growth

No Data

No Data available this quarter, please select a different quarter.

Deferred Tax Liabilities (Non-Current) Growth

21.19%

Increased from previous period

Above 1.5x Financial Services median of 0.00%. Jim Chanos suspects major expansions in deferred taxes.

Other Non-Current Liabilities Growth

8.85%

Increased from previous period

Above 1.5x Financial Services median of 0.00%. Jim Chanos sees a potentially alarming surge in other LT obligations.

Total Non-Current Liabilities Growth

-8.85%

Decreased from previous period

Above 1.5x Financial Services median of 0.00%. Jim Chanos suspects a red flag in ballooning future obligations.

Other Liabilities Growth

2.43%

Increased from previous period

Above 1.5x Financial Services median of 0.00%. Jim Chanos suspects hidden or rapidly growing miscellaneous liabilities.

Total Liabilities Growth

2.21%

Increased from previous period

Above 1.5x Financial Services median of 0.05%. Jim Chanos suspects an alarming rise in overall leverage.

Common Stock (Book Value) Growth

0.01%

Decreased from previous period

Above 1.5x Financial Services median of 0.00%. Jim Chanos suspects heavier share issuance than peers.

Retained Earnings Growth

10.64%

Increased from previous period

≥ 1.5x Financial Services median of 1.06%. Joel Greenblatt sees stronger retained profit growth vs. peers.

AOCI Growth

20.25%

Increased from previous period

Above 1.5x Financial Services median 0.00%. Jim Chanos suspects a red flag if these gains are highly volatile.

Other Stockholders' Equity Items Growth

-6.05%

Decreased from previous period

Above 1.5x Financial Services median of 0.00%. Jim Chanos sees a potential red flag for complicated equity transactions.

Total Stockholders' Equity Growth

4.32%

Increased from previous period

≥ 1.5x Financial Services median of 1.11%. Joel Greenblatt sees stronger equity growth vs. peers.

Liabilities + Equity Growth

2.34%

Increased from previous period

≥ 1.5x Financial Services median of 0.59%. Joel Greenblatt sees more aggressive expansions than peers.

Total Investments Growth

3.30%

Increased from previous period

≥ 1.5x Financial Services median of 0.00%. Joel Greenblatt sees bigger push into investments vs. peers.

Total Debt Growth

-13.42%

Decreased from previous period

Above 1.5x Financial Services median of 0.00%. Jim Chanos suspects a big rise in leverage. Check coverage carefully.

Net Debt Growth

10.17%

Decreased from previous period

Above 1.5x Financial Services median 0.00%. Jim Chanos sees a big jump in net debt. Potential leverage red flag.

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