Granite Point Mortgage Trust (Granite Point Mortgage Trust) Debt-to-Equity : 1.25 (As of Dec. 2023)

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What is Granite Point Mortgage Trust Debt-to-Equity?

Granite Point Mortgage Trust's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $84.00 Mil. Granite Point Mortgage Trust's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $991.70 Mil. Granite Point Mortgage Trust's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $858.90 Mil. Granite Point Mortgage Trust's debt to equity for the quarter that ended in Dec. 2023 was 1.25.

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 Granite Point Mortgage Trust's Debt-to-Equity or its related term are showing as below:

GPMT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.15 Med: 1.39 Max: 2.23
Current: 1.25

During the past 9 years, the highest Debt-to-Equity Ratio of Granite Point Mortgage Trust was 2.23. The lowest was 0.15. And the median was 1.39.

GPMT's Debt-to-Equity is ranked worse than
77.56% of 673 companies
in the REITs industry
Industry Median: 0.78 vs GPMT: 1.25

Granite Point Mortgage Trust Debt-to-Equity Historical Data

The historical data trend for Granite Point Mortgage Trust'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.

Granite Point Mortgage Trust Debt-to-Equity Chart

Granite Point Mortgage Trust Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

1.44

1.64

2.23

1.44

1.25

Granite Point Mortgage Trust 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	Get a 7-Day Free Trial															1.44	1.41	1.38	1.43	1.25

Competitive Comparison of Granite Point Mortgage Trust's Debt-to-Equity

For the REIT - Mortgage subindustry, Granite Point Mortgage Trust'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.

Granite Point Mortgage Trust's Debt-to-Equity Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Granite Point Mortgage Trust's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Granite Point Mortgage Trust's Debt-to-Equity falls into.

Granite Point Mortgage Trust Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Granite Point Mortgage Trust'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
	=	(84	+	991.698)	/	858.898
	=	1.25

Granite Point Mortgage Trust'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
	=	(84	+	991.698)	/	858.898
	=	1.25

Granite Point Mortgage Trust (NYSE:GPMT) 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.

Granite Point Mortgage Trust Debt-to-Equity Related Terms

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

Granite Point Mortgage Trust (Granite Point Mortgage Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Granite Point Mortgage Trust Inc (NYSE:GPMT) » Definitions » Debt-to-Equity

Comparable Companies

AOMR NREF REFI SEVN SACH IVR AAIC ORC AJX MITT NLY STWD AGNC RITM BXMT ABR RC CMTG ARI LADR

Traded in Other Exchanges

GPMTpA.PFD:USA G18:Germany

Address

3 Bryant Park, Suite 2400A, New York, NY, USA, 10036

Website

https://www.gpmtreit.com

Granite Point Mortgage Trust Inc focuses on directly originating, investing in, and managing senior floating-rate commercial mortgage loans and other debt and debt-like commercial real estate investments. The company constructs its investment portfolio on a loan-by-loan basis, emphasizing rigorous credit underwriting, selectivity, and diversification, and assesses each investment from a fundamental value perspective relative to other opportunities available in the market. It typically provides intermediate-term bridge or transitional financing for a variety of purposes, including acquisitions, recapitalizations, refinancing, and a range of business plans, including lease-up, renovation, repositioning, and repurposing of the property.

Executives

John A Taylor	director, officer: President and CEO	3 BRYANT PARK, #2400A, NEW YORK NY 10036
Marcin Urbaszek	officer: Chief Financial Officer	3 BRYANT PARK, 24TH FLOOR, NEW YORK NY 10036
Sheila K. Mcgrath	director	3 BRYANT PARK, SUITE 2400A, NEW YORK NY 10036
William Reid Sanders	director	C/O TWO HARBORS INVESTMENT CORP., 1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416
Stephen Alpart	officer: Chief Investment Officer	3 BRYANT PARK, 24TH FLOOR, NEW YORK NY 10036
Steven Plust	officer: Chief Operating Officer	3 BRYANT PARK, 24TH FLOOR, NEW YORK NY 10036
Michael J. Karber	officer: General Counsel and Secretary	3 BRYANT PARK, 24TH FLOOR, NEW YORK NY 10036
Peter M. Morral	officer: Chief Development Officer	3 BRYANT PARK, SUITE 2400A, NEW YORK NY 10036
Devin Chen	director	650 NEWPORT CENTER DRIVE, NEWPORT BEACH CA 92660
Rebecca B Sandberg	officer: General Counsel and Secretary	1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416
Brian Taylor	director	C/O PINE RIVER CAPITAL MANAGEMENT, 601 CARLSON PARKWAY, 7TH FLOOR, MINNETONKA MN 55305
William Roth	director	TWO HARBORS INVESTMENT CORP., 601 CARLSON PARKWAY, SUITE 1400, MINNETONKA MN 55305
Two Harbors Investment Corp.	10 percent owner	1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416
Capitol Acquisition Corp	10 percent owner	601 CARLSON PARKWAY, SUITE 1400, MINNETONKA MN 55305
Two Harbors Operating Co Llc	10 percent owner	601 CARLSON PARKWAY, SUITE 1400, MINNETONKA MN 55305