The company's equity base has contracted significantly to $67.4M as of 2026Q1, while total liabilities remain elevated at $1.5B, reflecting a vulnerable capital structure.
| Total Current Assets | 9.35M | 15M | 652.96M | 674.41M | 626.57M | 661.92M |
| Cash & Short-Term Investments | - | - | - | - | - | - |
| Cash Only | - | - | - | - | - | - |
| Short-Term Investments | - | - | - | - | - | - |
| Accounts Receivable | - | - | - | - | - | - |
| Days Sales Outstanding | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - |
| Days Inventory Outstanding | - | - | - | - | - | - |
| Other Current Assets | 0 | -19.79M | 19.27M | 5.05M | 53K | 135K |
| Total Non-Current Assets | 40.71M | 41.15M | 1.04B | 1.01B | 917.67M | 1.02B |
| Property, Plant & Equipment | 0 | 0 | 0 | 0 | 0 | 0 |
| Fixed Asset Turnover | -556.65x | - | - | - | - | - |
| Goodwill | 30.19M | 30.19M | 55.02M | 55.02M | 55.02M | 55.02M |
| Intangible Assets | 10.52M | 10.96M | 27.25M | 31.22M | 23.95M | 24.5M |
| Long-Term Investments | 3.89B | 1.12B | 949.35M | 926M | 809.74M | 916.38M |
| Other Non-Current Assets | - | - | - | - | - | - |
| Total Assets | 1.56B | 1.6B | 1.69B | 1.69B | 1.54B | 1.68B |
| Asset Turnover | -0.04x | -0.01x | 0.12x | 0.13x | 0.03x | 0.01x |
| Asset Growth % | -20.02% | -5.26% | 0.06% | 9.35% | -8.09% | - |
| Total Current Liabilities | 0 | 408K | 1.3B | 1.32B | 1.19B | 1.32B |
| Accounts Payable | 0 | 0 | 5.1M | 13.09M | 24.6M | 8.03M |
| Days Payables Outstanding | - | - | - | - | - | - |
| Short-Term Debt | 0 | 408K | 4M | 1.35M | 53.17M | 42.71M |
| Deferred Revenue (Current) | 0 | - | - | - | - | - |
| Other Current Liabilities | 0 | 0 | 0 | 0 | -53.17M | -42.71M |
| Current Ratio | - | 36.76x | 0.50x | 0.51x | 0.53x | 0.50x |
| Quick Ratio | - | 36.76x | 0.50x | 0.51x | 0.53x | 0.50x |
| Cash Conversion Cycle | - | - | - | - | - | - |
| Total Non-Current Liabilities | 1.49B | 1.51B | 334.29M | 313.19M | 290.26M | 340.42M |
| Long-Term Debt | 109.44M | 93.5M | 88.68M | 74.93M | 55.42M | 44.96M |
| Capital Lease Obligations | 0 | - | - | - | - | - |
| Deferred Tax Liabilities | 0 | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - |
| Total Liabilities | 1.49B | 1.51B | 1.63B | 1.64B | 1.48B | 1.66B |
| Total Debt | 109.44M | 93.5M | 92.68M | 76.28M | 108.59M | 87.67M |
| Net Debt | 100.1M | 78.5M | 6.69M | -13.94M | 42.7M | 43.5M |
| Debt / Equity | 1.62x | 1.03x | 1.62x | 1.47x | 1.74x | 5.72x |
| Debt / EBITDA | -0.91x | - | 2.73x | 5.56x | 12.77x | 2.57x |
| Net Debt / EBITDA | -0.83x | - | 0.20x | -1.02x | 5.02x | 1.28x |
| Interest Coverage | -6.53x | -5.25x | 1.77x | -1.64x | 14.68x | 11.78x |
| Total Equity | 67.44M | 90.96M | 57.22M | 51.95M | 62.27M | 15.32M |
| Equity Growth % | 221.76% | 58.95% | 10.15% | -16.57% | 306.54% | - |
| Book Value per Share | 5.72 | 10.58 | 2.03 | 2.17 | 2.77 | 0.82 |
| Total Shareholders' Equity | 67.44M | 90.96M | 57.22M | 51.95M | 62.27M | 15.32M |
| Common Stock | 11K | 13K | 116.12M | 115.61M | 108.06M | 108.06M |
| Retained Earnings | -127.05M | -120.75M | -46.08M | -50.17M | -32.3M | -79.25M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 32.81M | 34.59M | -21.86M | -21.86M | -21.86M | -21.86M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
Insurance liability actuarial volatility
As reported in recent financial filings, MLCI's equity base has contracted significantly from $131.2M in 2025Q3 to $67.4M by 2026Q1, signaling a weakening balance sheet trajectory driven by persistent net losses and the ongoing challenges of managing a legacy insurance block alongside private credit assets.
The rapid decline in equity suggests that the firm is struggling to absorb the volatility inherent in its investment portfolio. Investors should monitor whether this trend reflects structural impairment of the insurance float or merely temporary mark-to-market adjustments that may reverse in future periods.
Based on the provided quarterly data, MLCI's cash position has plummeted from a peak of $235.8M in 2025Q2 to just $9.3M in 2026Q1, indicating a substantial reduction in the firm's immediate liquidity buffer and its capacity to absorb unexpected operational or actuarial shocks.
The dramatic drop in cash reserves raises concerns regarding the firm's ability to maintain its current investment pace without external financing. This liquidity profile appears increasingly strained, necessitating a closer look at the firm's ability to meet its long-term insurance obligations.
According to historical balance sheet data, MLCI's retained earnings have deepened into a deficit of $127.1M as of 2026Q1, reflecting a consistent pattern of value destruction that undermines the quality of the company's equity base and its long-term capital preservation objectives.
The persistent negative retained earnings suggest that the firm's core operations have not yet achieved the scale or profitability required to offset historical losses. This trend warrants further investigation into whether the current capital structure can support future growth without further dilutive actions.
As noted in regulatory disclosures, the firm's $1.5B in total liabilities, largely comprised of insurance obligations, creates a significant structural risk where even minor actuarial miscalculations could lead to material balance sheet distortions that are not immediately apparent in headline debt-to-equity ratios.
While the reported debt-to-equity ratio of 1.62 may appear manageable in isolation, it masks the underlying sensitivity of the insurance liabilities to long-term care loss ratios. The reliance on these liabilities to fund private credit strategies creates a potential mismatch that could jeopardize solvency if credit spreads widen significantly.
Quick answers to the most common questions about buying MLCI stock.
As of 2025, Mount Logan Capital Inc. Common Stock (MLCI) had total assets of $1.60B including $15.0M in current assets.
Mount Logan Capital Inc. Common Stock (MLCI) carries total debt of $93.5M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Mount Logan Capital Inc. Common Stock (MLCI) has total shareholders' equity (book value) of $91.0M ($10.58 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Mount Logan Capital Inc. Common Stock (MLCI) reported a current ratio of 36.76x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.