Bimini Capital Management (Bimini Capital Management) Debt-to-Equity : 3.37 (As of Dec. 2023)

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What is Bimini Capital Management Debt-to-Equity?

Bimini Capital Management's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Bimini Capital Management's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $27.39 Mil. Bimini Capital Management's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $8.13 Mil. Bimini Capital Management's debt to equity for the quarter that ended in Dec. 2023 was 3.37.

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 Bimini Capital Management's Debt-to-Equity or its related term are showing as below:

BMNM' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.37 Med: 0.81 Max: 3.37
Current: 3.37

During the past 13 years, the highest Debt-to-Equity Ratio of Bimini Capital Management was 3.37. The lowest was 0.37. And the median was 0.81.

BMNM's Debt-to-Equity is ranked worse than
97.65% of 1021 companies
in the Asset Management industry
Industry Median: 0.19 vs BMNM: 3.37

Bimini Capital Management Debt-to-Equity Historical Data

The historical data trend for Bimini Capital Management'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.

Bimini Capital Management Debt-to-Equity Chart

Bimini Capital Management Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.69

0.80

0.83

2.26

3.37

Bimini Capital Management 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															2.26	2.09	2.04	2.11	3.37

Competitive Comparison of Bimini Capital Management's Debt-to-Equity

For the Asset Management subindustry, Bimini Capital Management'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.

Bimini Capital Management's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Bimini Capital Management's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Bimini Capital Management's Debt-to-Equity falls into.

Bimini Capital Management Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Bimini Capital Management'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
	=	(0	+	27.394)	/	8.128
	=	3.37

Bimini Capital Management'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
	=	(0	+	27.394)	/	8.128
	=	3.37

Bimini Capital Management (OTCPK:BMNM) 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.

Bimini Capital Management Debt-to-Equity Related Terms

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Bimini Capital Management (Bimini Capital Management) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Bimini Capital Management Inc (OTCPK:BMNM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

3305 Flamingo Drive, Vero Beach, FL, USA, 32963

Website

https://www.biminicapital.com

Bimini Capital Management Inc is a specialty finance company that operates in two reportable segments, The asset management segment includes the investment advisory services provided by Bimini Advisors to Orchid and Royal Palm. The investment portfolio segment includes the investment activities conducted by Royal Palm. The investment portfolio segment receives revenue in the form of interest and dividend income on its investments.

Executives

Robert J Dwyer	director	880 SOUTH OCEAN BOULEVARD, PALM BEACH FL 33480
Robert E Cauley	director, officer: Secretary/Chief Fin. Officer	C/O BIMINI MORTGAGE MANAGEMENT, INC., 3305 FLAMINGO DRIVE, SUITE 100, VERO BEACH FL 32963
Haas G Hunter Iv	officer: EVP, CIO, Interim CFO & Treas	C/O BIMINI CAPITAL MANAGEMENT, INC., 3305 FLAMINGO DRIVE, VERO BEACH FL 32963
Frank E Jaumot	director	190 SE 19TH AVENUE, POMPANO BEACH FL 33060
J Christopher Clifton	officer: EVP, GC, CCO & Sec	C/O BIMINI CAPITAL MANAGEMENT, INC., 3305 FLAMINGO DRIVE, VERO BEACH FL 32963
Jason Kaplan	director, officer: Senior Exec. Vice President	C/O OPTEUM FINANCIAL SERVICES, LLC, W115 CENTURY ROAD, PARAMUS NJ 07652
Peter R Norden	director	C/O OPTEUM FINANCIAL SERVICES, W115 CENTURY ROAD, PARAMUS NJ 07652
Amber K Luedke	officer: Treasurer	C/O BIMINI MORTGAGE MANAGEMENT INC., 3305 FLAMINGO DRIVE, SUITE 100, VERO BEACH FL 32963
Jeffrey J Zimmer	director, officer: Pres./CEO	3001 OCEAN DRIVE, SUITE 201, VERO BEACH FL 32963
Kevin L Bespolka	director	C/O BIMINI MORTGAGE MANAGEMENT, INC., 3305 FLAMINGO DRIVE, SUITE 100, VERO BEACH FL 32963
W Christopher Mortenson	director	C/O BIMINI MORTGAGE MANAGEMENT, INC., 3305 FLAMINGO DRIVE, SUITE 100, VERO BEACH FL 32963
Burford H Ortale	director	C/O BIMINI MORTGAGE MANAGEMENT, INC., 3305 FLAMINGO DRIVE, SUITE 100, VERO BEACH FL 32963
Maureen A Hendricks	director	C/O MILLIPORE CORP, BEDFORD MA 01730