Ellington Residential Mortgage REIT (Ellington Residential Mortgage REIT) Cash-to-Debt

: No Debt ⁽¹⁾ (As of Dec. 2023)

View and export this data going back to 2013. 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. Ellington Residential Mortgage REIT's cash to debt ratio for the quarter that ended in Dec. 2023 was No Debt ⁽¹⁾.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Ellington Residential Mortgage REIT could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

(1) 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.

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

EARN' s Cash-to-Debt Range Over the Past 10 Years
Min: No Debt Med: No Debt Max: No Debt
Current: No Debt

During the past 12 years, Ellington Residential Mortgage REIT's highest Cash to Debt Ratio was No Debt. The lowest was No Debt. And the median was No Debt.

EARN's Cash-to-Debt is ranked better than
99.63% of 804 companies
in the REITs industry
Industry Median: 0.09 vs EARN: No Debt

Ellington Residential Mortgage REIT Cash-to-Debt Historical Data

The historical data trend for Ellington Residential Mortgage REIT'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.

Ellington Residential Mortgage REIT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

Ellington Residential Mortgage REIT 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																No Debt	No Debt	No Debt	No Debt	No Debt

Competitive Comparison

For the REIT - Mortgage subindustry, Ellington Residential Mortgage REIT'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.

Ellington Residential Mortgage REIT Cash-to-Debt Distribution

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

* The bar in red indicates where Ellington Residential Mortgage REIT's Cash-to-Debt falls into.

Ellington Residential Mortgage REIT 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.

Ellington Residential Mortgage REIT's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Ellington Residential Mortgage REIT had no debt ⁽¹⁾.

Ellington Residential Mortgage REIT's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Ellington Residential Mortgage REIT had no debt ⁽¹⁾.

Ellington Residential Mortgage REIT (NYSE:EARN) 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.

Ellington Residential Mortgage REIT Cash-to-Debt Related Terms

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

Ellington Residential Mortgage REIT (Ellington Residential Mortgage REIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Ellington Residential Mortgage REIT (NYSE:EARN) » Definitions » Cash-to-Debt

Comparable Companies

CHMI ACR LFT MITT LOAN AJX WMC AAIC SACH SEVN NLY STWD AGNC RITM BXMT ABR RC CMTG ARI LADR

Traded in Other Exchanges

73Z:Germany

Address

53 Forest Avenue, Old Greenwich, CT, USA, 06870

Website

http://www.earnreit.com

Ellington Residential Mortgage REIT is principally engaged in the business of acquiring, investing in, and managing residential mortgage- and real estate-related assets through its wholly-owned subsidiaries. The company's primary objective is to generate attractive current yields and risk-adjusted total returns for shareholders by investing in assets that compensate appropriately for the risks associated with them.

Executives

Mary E Mcbride	director	6199 E. PRINCETON CIRCLE, ENGLEWOOD CO 80111
Blackstone Holdings Iii L.p.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Chukudi Melvin Ike	director	53 FOREST AVENUE, OLD GREENWICH CT 06870
Ronald I Simon	director	485 MADISON AVENUE, 14TH FLOOR, NEW YORK NY 10022
Laurence Penn	director, officer: CEO and President	52 FOREST AVENUE, OLD GREENWICH CT 06870
John Herlihy	officer: Chief Operating Officer	53 FOREST AVENUE, OLD GREENWICH CT 06870
Chris Smernoff	officer: Chief Financial Officer	53 FOREST AVENUE, OLD GREENWICH CT 06870
Mark Tecotzky	officer: Co-Chief Investment Officer	53 FOREST AVENUE, OLD GREENWICH CT 06870
Michael W Vranos	director, officer: Co-Chief Investment Officer	52 FOREST AVENUE, OLD GREENWICH CT 06870
David Miller	director	53 FOREST AVENUE, OLD GREENWICH CT 06870
Bto Earn Manager L.l.c.	10 percent owner	C/O THE BLACKSTONE GROUP, 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Tactical Opportunities Earn Holdings L.l.c.	10 percent owner	C/O THE BLACKSTONE GROUP, 345 PARK AVENUE, NEW YORK NY 10154
Stephen A Schwarzman	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVE, NEW YORK NY 10154
Btoa L.l.c.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Holdings Iii Gp Management L.l.c.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154