Ready Capital (FRA:0SZ) LT-Debt-to-Total-Asset : 0.56 (As of Mar. 2024)

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What is Ready Capital LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Ready Capital's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.56.

Ready Capital's long-term debt to total assets ratio declined from Mar. 2023 (0.58) to Mar. 2024 (0.56). It may suggest that Ready Capital is progressively becoming less dependent on debt to grow their business.

Ready Capital LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ready Capital's LT-Debt-to-Total-Asset 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.

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Ready Capital LT-Debt-to-Total-Asset Chart

Ready Capital Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.55

0.51

0.47

0.55

0.57

Ready Capital Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.58	0.56	0.57	0.57	0.56

Ready Capital LT-Debt-to-Total-Asset Calculation

Ready Capital's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	6505.36	/	11408.596
	=	0.57

Ready Capital's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	6236.716	/	11080.049
	=	0.56

Ready Capital (FRA:0SZ) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Ready Capital LT-Debt-to-Total-Asset Related Terms

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Ready Capital (FRA:0SZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Ready Capital Corp (FRA:0SZ) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

RCPC.PFD:USA RC:USA

Address

1251 Avenue of the Americas, 50th Floor, New York, NY, USA, 10020

Website

https://www.readycapital.com

Ready Capital Corp is a real estate finance company. It acquires, manages, originates, and finances small-balance commercial loans to purchase small multi-family, office, retail, mixed-use, or warehouse properties. The company's segments consist of SBC Lending and Acquisitions, Small Business Lending, and Residential Mortgage Banking. Its objective is to provide attractive risk-adjusted returns through dividends and through capital appreciation.

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