PennyMac Mortgage Investment Trust (PennyMac Mortgage Investment Trust) LT-Debt-to-Total-Asset : 0.39 (As of Mar. 2024)

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What is PennyMac Mortgage Investment Trust 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. PennyMac Mortgage Investment Trust's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.39.

PennyMac Mortgage Investment Trust's long-term debt to total assets ratio increased from Mar. 2023 (0.31) to Mar. 2024 (0.39). It may suggest that PennyMac Mortgage Investment Trust is progressively becoming more dependent on debt to grow their business.

PennyMac Mortgage Investment Trust LT-Debt-to-Total-Asset Historical Data

The historical data trend for PennyMac Mortgage Investment Trust'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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PennyMac Mortgage Investment Trust LT-Debt-to-Total-Asset Chart

PennyMac Mortgage Investment Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.20

0.33

0.34

0.37

PennyMac Mortgage Investment Trust 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															0.31	0.38	0.36	0.37	0.39

PennyMac Mortgage Investment Trust LT-Debt-to-Total-Asset Calculation

PennyMac Mortgage Investment Trust'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 )
	=	4847.794	/	13113.887
	=	0.37

PennyMac Mortgage Investment Trust'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 )
	=	4815.294	/	12293.7
	=	0.39

PennyMac Mortgage Investment Trust (NYSE:PMTpA.PFD) 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.

PennyMac Mortgage Investment Trust LT-Debt-to-Total-Asset Related Terms

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PennyMac Mortgage Investment Trust (PennyMac Mortgage Investment Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » PennyMac Mortgage Investment Trust (NYSE:PMTpA.PFD) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

PMTpC.PFD:USA PMTpB.PFD:USA PMT:USA

Address

3043 Townsgate Road, Westlake Village, CA, USA, 91361

Website

https://www.pennymacmortgageinvestmenttrust.com

PennyMac Mortgage Investment Trust is a specialty finance company that invests primarily in residential mortgage loans and mortgage-related assets. The company's operations include activities such as production and servicing of financial securities based on residential loans and pooling and reselling of high-credit-quality mortgages. The company operates through four segments: correspondent production, credit-sensitive strategies, interest-rate-sensitive strategies, and corporate activities. The correspondent production segment, which generates income via purchasing, pooling, and reselling of loans or mortgage-backed securities accounts for roughly half of the company's income.