Western Asset Mortgage Capital (Western Asset Mortgage Capital) Cash-to-Debt : 0.01 (As of Sep. 2023)

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What is Western Asset Mortgage Capital 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. Western Asset Mortgage Capital's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.01.

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, Western Asset Mortgage Capital couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

WMC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.03 Max: No Debt
Current: 0.01

During the past 12 years, Western Asset Mortgage Capital's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 0.03.

WMC's Cash-to-Debt is not ranked
in the REITs industry.
Industry Median: 0.09 vs WMC: 0.01

Western Asset Mortgage Capital Cash-to-Debt Historical Data

The historical data trend for Western Asset Mortgage Capital'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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Western Asset Mortgage Capital Cash-to-Debt Chart

Western Asset Mortgage Capital Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

Get a 7-Day Free Trial

0.02

0.01

0.02

0.01

Western Asset Mortgage Capital Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															0.02	0.01	0.01	0.01	0.01

Competitive Comparison of Western Asset Mortgage Capital's Cash-to-Debt

For the REIT - Mortgage subindustry, Western Asset Mortgage Capital'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.

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

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

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

Western Asset Mortgage Capital 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.

Western Asset Mortgage Capital's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	18.011	/	(0	+	2013.989)
	=	0.01

Western Asset Mortgage Capital's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	24.608	/	(0	+	1969.125)
	=	0.01

Western Asset Mortgage Capital (NYSE:WMC) 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.

Western Asset Mortgage Capital Cash-to-Debt Related Terms

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

Western Asset Mortgage Capital (Western Asset Mortgage Capital) Business Description

Industry

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

Comparable Companies

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

Traded in Other Exchanges

N/A

Address

385 East Colorado Boulevard, Pasadena, CA, USA, 91101

Website

https://www.westernassetmcc.com

Western Asset Mortgage Capital Corp is a specialty financial REIT company managing diversified mortgage-market investment portfolio. The corporation is externally managed by Western Asset Management Company and emphasizes on undervalued assets. It focuses on investing in, financing and managing majorly residential mortgage-backed securities, while its core focus is on Agency RMBS. The company aims to provide attractive risk-adjusted returns to its investors over the long-term across market conditions and economic cycles.

Executives

Robert W. Lehman	officer: Chief Financial Officer	C/O WESTERN ASSET MORTGAGE CAPITAL CORP, 385 EAST COLORADO BOULEVARD, PASADENA CA 91101
Sean O. Johnson	officer: Deputy CIO	C/O WESTERN ASSET MORTGAGE CAPITAL CORP., 385 EAST COLORADO BOULEVARD, PASADENA CA 91101
Greg E. Handler	officer: Chief Investment Officer	C/O WESTERN ASSET MORTGAGE CAPITAL CORP., 385 EAST COLORADO BOULEVARD, PASADENA CA 91101
Elliott Neumayer	officer: Chief Operating Officer	385 EAST COLORADO BLVD, PASADENA CA 91101
Bonnie M. Wongtrakool	director, officer: Chief Executive Officer	C/O WESTERN ASSET MORTGAGE CAPITAL CORP, 385 EAST COLORADO BOULEVARD, PASADENA CA 91101
Lisa Meyer	officer: Chief Financial Officer	C/O NORTHSTAR REALTY FINANCE CORP., 399 PARK AVENUE, 18TH FLOOR, NEW YORK NY 10022
Morgan Donald E Iii	10 percent owner	C/O BRIGADE CAPITAL MANAGEMENT, LLC, 717 FIFTH AVENUE, SUITE 1301, NEW YORK NY 10022
Brigade Capital Management, Lp	10 percent owner	399 PARK AVENUE, 16TH FLOOR, NEW YORK NY 10022
Brigade Capital Management Gp, Llc	10 percent owner	399 PARK AVENUE, 16TH FLOOR, NEW YORK NY 10022
Lisa G Quateman	director	C/O WESTERN ASSET MORTGAGE CAPITAL CORP., 385 EAST COLORADO BOULEVARD, PASADENA CA 91101
Jennifer Murphy	officer: President and CEO	LEGG MASON, INC., 100 INTERNATIONAL DRIVE, BALTIMORE MD 21202
Harris Trifon	officer: Chief Investment Officer	C/O WESTERN ASSET MORTGAGE CAPITAL CORP., 385 EAST COLORADO BOULEVARD, PASADENA CA 91101
Dennis Joseph Mcnamara	officer: Co-Chief Investment Officer	385 E. COLORADO BLVD., PASADENA CA 91101
M Christian Mitchell	director	355 S. GRAND AVE, SUITE 1750, LOS ANGELES CA 90071
Richard W Roll	director	C/O WESTERN ASSET MORTGAGE CAPITAL CORP, 385 EAST COLORADO BOULEVARD, PASADENA CA 91101