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Western Asset Mortgage Capital's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. Western Asset Mortgage Capital's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $1,969.13 Mil. Western Asset Mortgage Capital's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $77.99 Mil. Western Asset Mortgage Capital's debt to equity for the quarter that ended in Sep. 2023 was 25.25.
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 Western Asset Mortgage Capital's Debt-to-Equity or its related term are showing as below:
During the past 12 years, the highest Debt-to-Equity Ratio of Western Asset Mortgage Capital was 25.25. The lowest was 0.02. And the median was 3.03.
The historical data trend for Western Asset Mortgage Capital'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.
Western Asset Mortgage Capital Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Debt-to-Equity | Get a 7-Day Free Trial | 2.11 | 2.97 | 10.26 | 9.33 | 21.24 |
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 | |
Debt-to-Equity | Get a 7-Day Free Trial | 23.17 | 21.24 | 21.37 | 22.87 | 25.25 |
For the REIT - Mortgage subindustry, Western Asset Mortgage Capital'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.
For the REITs industry and Real Estate sector, Western Asset Mortgage Capital's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Western Asset Mortgage Capital's Debt-to-Equity falls into.
Debt to Equity measures the financial leverage a company has.
Western Asset Mortgage Capital's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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 | + | 2013.989) | / | 94.804 | |
= | 21.24 |
Western Asset Mortgage Capital's Debt to Equity Ratio for the quarter that ended in Sep. 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 | + | 1969.125) | / | 77.986 | |
= | 25.25 |
* 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.
Western Asset Mortgage Capital (NYSE:WMC) 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.
Thank you for viewing the detailed overview of Western Asset Mortgage Capital's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
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 |
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