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Ready Capital (Ready Capital) Debt-to-Equity : 2.85 (As of Dec. 2023)


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What is Ready Capital Debt-to-Equity?

Ready Capital's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $149.9 Mil. Ready Capital's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $7,094.2 Mil. Ready Capital's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2,539.9 Mil. Ready Capital's debt to equity for the quarter that ended in Dec. 2023 was 2.85.

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

RC' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.37   Med: 2.96   Max: 3.95
Current: 2.85

During the past 13 years, the highest Debt-to-Equity Ratio of Ready Capital was 3.95. The lowest was 2.37. And the median was 2.96.

RC's Debt-to-Equity is ranked worse than
93.16% of 673 companies
in the REITs industry
Industry Median: 0.78 vs RC: 2.85

Ready Capital Debt-to-Equity Historical Data

The historical data trend for Ready Capital'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.

Ready Capital Debt-to-Equity Chart

Ready Capital Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.79 3.95 3.87 3.73 2.85

Ready Capital 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.73 4.07 2.89 3.01 2.85

Competitive Comparison of Ready Capital's Debt-to-Equity

For the REIT - Mortgage subindustry, Ready Capital'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.


Ready Capital's Debt-to-Equity Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Ready Capital's Debt-to-Equity distribution charts can be found below:

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



Ready Capital Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ready Capital's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Ready Capital's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

* 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.


Ready Capital  (NYSE:RC) 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.


Ready Capital Debt-to-Equity Related Terms

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


Ready Capital (Ready Capital) Business Description

Traded in Other Exchanges
Address
1251 Avenue of the Americas, 50th Floor, New York, NY, USA, 10020
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.
Executives
Thomas E Capasse director, officer: Chairman of the Board and CEO SUTHERLAND ASSET MANAGEMENT CORPORATION, 1185 AVENUE OF THE AMERICAS, 18TH FLOOR, NEW YORK NY 10036
Pinkie Dent Mayfield director 1420 FIFTH AVENUE, SUITE 2000, SEATTLE WA 98101
Daniel J. Hirsch director 748 DIAMOND STREET, SAN FRANCISCO CA 94114
Kevin M Luebbers director 850 RIDGE LAKE BLVD, STE 300, MEMPHIS TN 38120
Gilbert E Nathan director C/O EMERGENT CAPITAL, INC., 5355 TOWN CENTER ROAD, SUITE 701, BOCA RATON FL 33486
Dominique Mielle director C/O ANWORTH MORTGAGE ASSET CORPORATION, 1299 OCEAN AVENUE, SECOND FLOOR, SANTA MONICA CA 90401
Meredith Marshall director 50 RIVERSIDE BLVD, APT 14C, NEW YORK NY 10069
Andrew Ahlborn officer: Chief Financial Officer C/O READY CAPITAL CORPORATION, 1140 AVENUE OF THE AMERICAS, 7TH FLOOR, NEW YORK NY 10036
Erving Julius W Ii director DR J ENTERPRISES LLC, 3355 LENOX ROAD NE SUITE 750, ATLANTA GA 30326
Andrea Petro director C/O READY CAPITAL CORPORATION, 1251 AVENUE OF THE AMERICAS, 50TH FL., NEW YORK NY 10020
Adam Zausmer officer: Chief Credit Officer C/O READY CAPITAL CORPORATION, 1251 AVENUE OF THE AMERICAS, 50TH FLOOR, NEW YORK NY 10020
Gary Taylor officer: Chief Operating Officer C/O READY CAPITAL CORPORATION, 1140 AVENUE OF THE AMERICAS, 7TH FLOOR, NEW YORK NY 10036
J Mitchell Reese director 210 MONTEREY DR. S., VERO BEACH FL 32963
Todd M. Sinai director C/O SUTHERLAND ASSET MANAGEMENT CORP, 1140 AVENUE OF THE AMERICAS, 7TH FLOOR, NEW YORK NY 10036
Thomas Buttacavoli officer: Chief Investment Officer C/O SUTHERLAND ASSET MANAGEMENT CORP., 1140 AVENUE OF THE AMERICAS, 7TH FLOOR, NEW YORK NY 10036