PennyMac Mortgage Investment Trust (PennyMac Mortgage Investment Trust) Cash-to-Debt

: 0.31 (As of Dec. 2023)

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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. PennyMac Mortgage Investment Trust's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.31.

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, PennyMac Mortgage Investment Trust couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for PennyMac Mortgage Investment Trust's Cash-to-Debt or its related term are showing as below:

PMT' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.18 Med: 0.47 Max: 1.26
Current: 0.31

During the past 13 years, PennyMac Mortgage Investment Trust's highest Cash to Debt Ratio was 1.26. The lowest was 0.18. And the median was 0.47.

PMT's Cash-to-Debt is ranked better than
71.7% of 802 companies
in the REITs industry
Industry Median: 0.08 vs PMT: 0.31

PennyMac Mortgage Investment Trust Cash-to-Debt Historical Data

The historical data trend for PennyMac Mortgage Investment Trust'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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PennyMac Mortgage Investment Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.87

1.26

0.39

0.30

0.31

PennyMac Mortgage Investment Trust Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt																0.30	0.30	0.30	0.31	0.31

Competitive Comparison

For the REIT - Mortgage subindustry, PennyMac Mortgage Investment Trust'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.

PennyMac Mortgage Investment Trust Cash-to-Debt Distribution

For the REITs industry and Real Estate sector, PennyMac Mortgage Investment Trust's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where PennyMac Mortgage Investment Trust's Cash-to-Debt falls into.

PennyMac Mortgage Investment Trust 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.

PennyMac Mortgage Investment Trust's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	1490.583	/	(0	+	4847.794)
	=	0.31

PennyMac Mortgage Investment Trust's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	1490.583	/	(0	+	4847.794)
	=	0.31

PennyMac Mortgage Investment Trust (NYSE:PMT) 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.

PennyMac Mortgage Investment Trust Cash-to-Debt Related Terms

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

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

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » PennyMac Mortgage Investment Trust (NYSE:PMT) » Definitions » Cash-to-Debt

Comparable Companies

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

Traded in Other Exchanges

PMTpC.PFD:USA PMTpB.PFD:USA PMTpA.PFD: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.

Executives

Scott W. Carnahan	director	3820 VISTA AZUL, SAN CLEMENTE CA 92672
Catherine A. Lynch	director	55 EAST 52ND STREET, NEW YORK NY 10055
Donna M Corley	director	8200 JONES BRANCH DRIVE, MCLEAN VA 22102
Doug Jones	officer: Chief Correspondent Lending Of	C/O PENNYMAC, 6101 CONDOR DRIVE, UPPER LEVEL, MOORPARK CA 93021
William Herbert Chang	officer: Chief Investment Officer	PENNYMAC FINANCIAL SERVICES, INC., 3043 TOWNSGATE ROAD, WESTLAKE VILLAGE CA 91361
Stacey D. Stewart	director	5920 WALHONDING ROAD, BETHESDA MD 20816
Marianne Sullivan	director	C/O PENNYMAC, 3043 TOWNSGATE ROAD, WESTLAKE VILLAGE CA 91361
David Spector	officer: President and COO, other: Trustee	C/O PENNYMAC, 6101 CONDOR DRIVE, UPPER LEVEL, MOORPARK CA 93021
James Follette	officer: Chief Mortgage Fulfillment Ofr	PENNYMAC FINANCIAL SERVICES, INC., 3043 TOWNSGATE ROAD, WESTLAKE VILLAGE CA 91361
Renee Schultz	director	C/O PENNYMAC, 3043 TOWNSGATE ROAD, WESTLAKE VILLAGE CA 91361
Derek Stark	officer: Chief Legal Officer	4500 PARK GRANADA, CALABASAS CA 91302
Frank P Willey	director	1701 VILLAGE CENTER CIRCLE, LAS VEGAS NV 18934
Randall D. Hadley	director	23821 FAIRGREENS EAST, LAGUNA NIGUEL CA 92677
Nancy Mcallister,	director	30 CAMP WOODBINE ROAD, PORT JEFFERSON NY 11777
Preston Paul Dufauchard, Jr.	director	11230 ELVESSA STREET, OAKLAND CA 94605