MFA Financial (MFA Financial) Debt-to-Equity

: 2.63 (As of Dec. 2023)

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MFA Financial's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.0 Mil. MFA Financial's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $5,003.4 Mil. MFA Financial's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,899.9 Mil. MFA Financial's debt to equity for the quarter that ended in Dec. 2023 was 2.63.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for MFA Financial's Debt-to-Equity or its related term are showing as below:

MFA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.25 Max: 2.63
Current: 2.63

During the past 13 years, the highest Debt-to-Equity Ratio of MFA Financial was 2.63. The lowest was 0.03. And the median was 0.25.

MFA's Debt-to-Equity is ranked worse than
92.14% of 674 companies
in the REITs industry
Industry Median: 0.78 vs MFA: 2.63

MFA Financial Debt-to-Equity Historical Data

The historical data trend for MFA Financial's Debt-to-Equity 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.

* Premium members only.

MFA Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.26

0.73

1.24

1.83

2.63

MFA Financial Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																1.83	2.03	2.18	2.49	2.63

Competitive Comparison

For the REIT - Mortgage subindustry, MFA Financial's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.

MFA Financial Debt-to-Equity Distribution

For the REITs industry and Real Estate sector, MFA Financial's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where MFA Financial's Debt-to-Equity falls into.

MFA Financial Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

MFA Financial's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	5003.37)	/	1899.915
	=	2.63

MFA Financial's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	5003.37)	/	1899.915
	=	2.63

MFA Financial (NYSE:MFA) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

MFA Financial Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of MFA Financial's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

MFA Financial (MFA Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » MFA Financial Inc (NYSE:MFA) » Definitions » Debt-to-Equity

Comparable Companies

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

Traded in Other Exchanges

MFApC.PFD:USA MFApB.PFD:USA M4ZA:Germany

Address

One Vanderbilt Avenue, 48th Floor, New York, NY, USA, 10017

Website

https://www.mfafinancial.com

MFA Financial Inc is a specialty finance company that invests in and finances residential mortgage assets. Its principal business objective is to deliver shareholder value through the generation of distributable income and through asset performance linked to residential mortgage credit fundamentals. The company selectively invests in residential mortgage assets with a focus on credit analysis, projected prepayment rates, interest rate sensitivity and expected return. The company is an internally managed real estate investment trust or REIT.

Executives

Starwood Capital Group Global Ii, L.p.	10 percent owner	591 WEST PUTNAM AVENUE, GREENWICH CT 06830
Michael Charles Roper	officer: SVP & Chief Accounting Ofcr	C/O MFA FINANCIAL, INC., ONE VANDERBILT AVENUE - 48TH FLOOR, NEW YORK NY 10017
Bryan Wulfsohn	officer: Senior Vice President	350 PARK AVENUE, 20TH FLOOR, NEW YORK NY 10022
Craig L Knutson	director, officer: Executive Vice President	C/O MFA MORTGAGE INVESTMENTS, INC., 350 PARK AVENUE, 21ST FLOOR, NEW YORK NY 10022
Stephen D. Yarad	officer: Chief Financial Officer	350 PARK AVENUE, 21ST FLOOR, NEW YORK NY 10022
Robin Josephs	director
Mei Lin	officer: Sr. VP & Co-Controller	C/O MFA FINANCIAL, INC., ONE VANDERBILT AVENUE - 48TH FLOOR, NEW YORK NY 10017
Ssf U.s. Investco, L.p.	10 percent owner	C/O STARWOOD CAPITAL GROUP GLOBAL II, LP, 591 WEST PUTNAM AVENUE, GREENWICH CT 06830
Scgg Ii Gp, L.l.c.	10 percent owner	1601 WASHINGTON AVENUE, SUITE 800, MIAMI BEACH FL 33139
Starwood Capital Group Holdings Gp, L.l.c.	10 percent owner	1601 WASHINGTON AVENUE, SUITE 800, MIAMI BEACH FL 33139
Bss Scg Gp Holdings, Llc	10 percent owner	1601 WASHINGTON AVENUE, SUITE 800, MIAMI BEACH FL 33139
Ssf U.s. Investco C, L.p.	10 percent owner	C/O STARWOOD CAPITAL GROUP GLOBAL II, LP, 591 WEST PUTNAM AVENUE, GREENWICH CT 06830
Ssf U.s. Investco K, L.p.	10 percent owner	C/O STARWOOD CAPITAL GROUP GLOBAL II, LP, 591 WEST PUTNAM AVENUE, GREENWICH CT 06830
Sar Public Holdings Ii, L.l.c.	10 percent owner	591 WEST PUTNAM AVENUE, GREENWICH CT 06830
Ssf U.s. Investco S, L.p.	10 percent owner	591 WEST PUTNAM AVENUE, GREENWICH CT 06830