Annaly Capital Management (Annaly Capital Management) Cash-to-Debt

: 0.02 (As of Dec. 2023)

View and export this data going back to 1997. Start your Free Trial

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Annaly Capital Management's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.02.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Annaly Capital Management couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Annaly Capital Management's Cash-to-Debt or its related term are showing as below:

NLY' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.18 Max: 1.38
Current: 0.02

During the past 13 years, Annaly Capital Management's highest Cash to Debt Ratio was 1.38. The lowest was 0.02. And the median was 0.18.

NLY's Cash-to-Debt is ranked worse than
78.11% of 804 companies
in the REITs industry
Industry Median: 0.09 vs NLY: 0.02

Annaly Capital Management Cash-to-Debt Historical Data

The historical data trend for Annaly Capital Management's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

* Premium members only.

Annaly Capital Management Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.18

0.19

0.02

Annaly Capital Management Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt																0.02	0.02	0.02	0.03	0.02

Competitive Comparison

For the REIT - Mortgage subindustry, Annaly Capital Management's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Annaly Capital Management Cash-to-Debt Distribution

For the REITs industry and Real Estate sector, Annaly Capital Management's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Annaly Capital Management's Cash-to-Debt falls into.

Annaly Capital Management Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Annaly Capital Management's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	275.85	/	(500	+	12704.173)
	=	0.02

Annaly Capital Management's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	275.85	/	(500	+	12704.173)
	=	0.02

Annaly Capital Management (NYSE:NLY) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Annaly Capital Management Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Annaly Capital Management's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Annaly Capital Management (Annaly Capital Management) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Annaly Capital Management Inc (NYSE:NLY) » Definitions » Cash-to-Debt

Comparable Companies

AGNC STWD RITM BXMT ABR ARI RC LADR TWO CMTG PMT MFA CIM FBRT EFC ARR BRSP RWT DX KREF

Traded in Other Exchanges

NLYpI.PFD:USA NLYpG.PFD:USA NLYpF.PFD:USA AAYA:Germany AAYA:Germany

Address

1211 Avenue of the Americas, New York, NY, USA, 10036

Website

https://www.annaly.com

Annaly Capital Management Inc is an American mortgage real estate investment trust. The Company owns a portfolio of real estate related investments, including mortgage pass-through certificates, collateralized mortgage obligations, credit risk transfer securities, other securities representing interests in or obligations backed by pools of mortgage loans, residential mortgage loans and mortgage servicing rights. Its business objective is to generate net income for distribution to its stockholders and optimize its returns through prudent management of its diversified investment strategies. The Company's three investment groups are comprised of the following: Annaly Agency Group, Annaly Residential Credit Group, Annaly Mortgage Servicing Rights Group.

Executives

David L Finkelstein	officer: Chief Investment Officer	ANNALY CAPITAL MANAGEMENT, INC., 1211 AVE. OF THE AMERICAS, NEW YORK NY 10036
Scott Wede	director	ANNALY CAPITAL MANAGEMENT, INC., 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Manon Laroche	director	ANNALY CAPITAL MANAGEMENT, INC., 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Martin Laguerre	director	C/O BGC PARTNERS, INC., 499 PARK AVENUE, NEW YORK NY 10022
Eric A. Reeves	director	ANNALY CAPITAL MANAGEMENT, INC., 1211 AVE. OF THE AMERICAS, NEW YORK NY 10036
Ilker Ertas	officer: Head of Securitized Products	1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Steven Francis Campbell	officer: Chief Operating Officer	C/O ANNALY CAPITAL MANAGEMENT, INC., 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Thomas Edward Hamilton	director	211 STUYVESANT AVE, RYE NY 10580
Anthony C Green	officer: Chief Legal Officer	ANNALY CAPITAL MANAGEMENT, INC., 1211 AVE. OF THE AMERICAS, NEW YORK NY 10036
Timothy P Coffey	officer: Chief Credit Officer	ANNALY CAPITAL MANAGEMENT, INC., 1211 AVE. OF THE AMERICAS, NEW YORK NY 10036
Serena Wolfe	officer: Chief Financial Officer	ANNALY CAPITAL MANAGEMENT, INC., 1211 AVE. OF THE AMERICAS, NEW YORK NY 10036
Glenn Votek	director, officer: Interim CEO and President	1211 AVENUE OF THE AMERICAS, SUITE 2902, NEW YORK NY 10036
John H Schaefer	director	1211 AVE. OF THE AMERICAS, NEW YORK NY 10036
Katherine Beirne Fallon	director	C/O ANNALY CAPITAL MANAGEMENT, INC., 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Kevin Keyes	officer: Managing Director	1211 AVENUE OF THE AMERICAS, SUITE 2902, NEW YORK NY 10036