Anworth Mortgage Asset (Anworth Mortgage Asset) Cash-to-Debt : 0.09 (As of Dec. 2020)

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What is Anworth Mortgage Asset Cash-to-Debt?

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. Anworth Mortgage Asset's cash to debt ratio for the quarter that ended in Dec. 2020 was 0.09.

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, Anworth Mortgage Asset couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2020.

The historical rank and industry rank for Anworth Mortgage Asset's Cash-to-Debt or its related term are showing as below:

ANH' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.05 Max: 3.53
Current: 0.09

During the past 13 years, Anworth Mortgage Asset's highest Cash to Debt Ratio was 3.53. The lowest was 0.00. And the median was 0.05.

ANH's Cash-to-Debt is not ranked
in the REITs industry.
Industry Median: 0.09 vs ANH: 0.09

Anworth Mortgage Asset Cash-to-Debt Historical Data

The historical data trend for Anworth Mortgage Asset'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.

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Anworth Mortgage Asset Cash-to-Debt Chart

Anworth Mortgage Asset Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Cash-to-Debt

Get a 7-Day Free Trial

0.04

0.02

0.01

0.09

Anworth Mortgage Asset Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20
Cash-to-Debt	Get a 7-Day Free Trial															0.01	0.10	0.06	0.08	0.09

Competitive Comparison of Anworth Mortgage Asset's Cash-to-Debt

For the REIT - Mortgage subindustry, Anworth Mortgage Asset'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.

Anworth Mortgage Asset's Cash-to-Debt Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Anworth Mortgage Asset's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Anworth Mortgage Asset's Cash-to-Debt falls into.

Anworth Mortgage Asset 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.

Anworth Mortgage Asset's Cash to Debt Ratio for the fiscal year that ended in Dec. 2020 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)
	=	34.05	/	(90.185	+	296.512)
	=	0.09

Anworth Mortgage Asset's Cash to Debt Ratio for the quarter that ended in Dec. 2020 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)
	=	34.05	/	(90.185	+	296.512)
	=	0.09

Anworth Mortgage Asset (NYSE:ANH) 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.

Anworth Mortgage Asset Cash-to-Debt Related Terms

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

Anworth Mortgage Asset (Anworth Mortgage Asset) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Anworth Mortgage Asset Corp (NYSE:ANH) » Definitions » Cash-to-Debt

Comparable Companies

CHMI WMC AJX EARN MITT AI ACRE XAN HCFT SACH NLY AGNC STWD BXMT NRZ CIM TWO ARI PMT BRMK

Traded in Other Exchanges

N/A

Address

1299 Ocean Avenue, Second Floor, Santa Monica, CA, USA, 90401

Website

http://www.anworth.com

Anworth Mortgage Asset Corp is engaged in the business of investment, financing, & management of a leveraged portfolio of residential mortgage-backed securities & residential mortgage loans which includes different types of investments such as Agency mortgage-backed securities, Non-agency mortgage-backed securities, & Residential mortgage loans through consolidated securitization trusts. Agency MBS include residential mortgage pass-through certificates or CMOs in which the principal and interest payments are guaranteed by a government-sponsored enterprise. Non-Agency MBS are issued by companies that are not guaranteed by federally sponsored enterprises, and the company finances its residential mortgage loans through asset-backed securities issued by the consolidated securitization trusts.

Executives

Dominique Mielle	director	C/O ANWORTH MORTGAGE ASSET CORPORATION, 1299 OCEAN AVENUE, SECOND FLOOR, SANTA MONICA CA 90401
Joe E Davis	director	3436 CARIBETH DR, ENCINO CA 91436
Mark S Maron	director	C/O TRUE RELIGION APPAREL, INC., 1525 RIO VISTA AVENUE, LOS ANGELES CA 90023
Robert Craig Davis	director	ANWORTH MORTGAGE ASSET CORPORATION, 1299 OCEAN AVE., SUITE 250, SANTA MONICA CA 90401
Joseph Lloyd Mcadams	director	1299 OCEAN AVE., SUITE 250, SANTA MONICA CA 90401
Charles Jay Siegel	officer: Chief Financial Officer	1299 OCEAN AVENUE, SUITE 250, SANTA MONICA CA 90401
Ault Lee A Iii	director
Joseph E Mcadams	director, officer: CEO & President	1299 OCEAN AVE., SUITE 250, SANTA MONICA CA 90401
Heather U Baines	officer: Executive Vice President	1299 OCEAN AVE., SUITE 250, SANTA MONICA CA 90401
Anworth Mortgage Asset Corp	director, officer: President & CIO	1299 OCEAN AVENUE, SECOND FLOOR, SANTA MONICA CA 90401
Thad M Brown	officer: CFO & Secretary	1299 OCEAN AVE., SUITE 250, SANTA MONICA CA 90401
Charles Black	director	525 ALMA REAL DRIVE, PACIFIC PALASADES CA 90272
Evangelos Karagiannis	officer: Vice President	1299 OCEAN AVE., SUITE 250, SANTA MONICA CA 90401
Bistra Pashamova	officer: Vice President
Claus H Lund	officer: Chief Executive Officer