Cherry Hill Mortgage Investment (Cherry Hill Mortgage Investment) Debt-to-Equity : 0.66 (As of Dec. 2023)

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What is Cherry Hill Mortgage Investment Debt-to-Equity?

Cherry Hill Mortgage Investment's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Cherry Hill Mortgage Investment's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $169.31 Mil. Cherry Hill Mortgage Investment's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $255.48 Mil. Cherry Hill Mortgage Investment's debt to equity for the quarter that ended in Dec. 2023 was 0.66.

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 Cherry Hill Mortgage Investment's Debt-to-Equity or its related term are showing as below:

CHMI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.12 Med: 0.44 Max: 0.7
Current: 0.66

During the past 12 years, the highest Debt-to-Equity Ratio of Cherry Hill Mortgage Investment was 0.70. The lowest was 0.12. And the median was 0.44.

CHMI's Debt-to-Equity is ranked better than
61.55% of 671 companies
in the REITs industry
Industry Median: 0.78 vs CHMI: 0.66

Cherry Hill Mortgage Investment Debt-to-Equity Historical Data

The historical data trend for Cherry Hill Mortgage Investment'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.

Cherry Hill Mortgage Investment Debt-to-Equity Chart

Cherry Hill Mortgage Investment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.42

0.36

0.53

0.70

0.66

Cherry Hill Mortgage Investment 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															0.70	0.68	0.67	0.68	0.66

Competitive Comparison of Cherry Hill Mortgage Investment's Debt-to-Equity

For the REIT - Mortgage subindustry, Cherry Hill Mortgage Investment'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.

Cherry Hill Mortgage Investment's Debt-to-Equity Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Cherry Hill Mortgage Investment's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Cherry Hill Mortgage Investment's Debt-to-Equity falls into.

Cherry Hill Mortgage Investment Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cherry Hill Mortgage Investment'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	+	169.314)	/	255.476
	=	0.66

Cherry Hill Mortgage Investment'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	+	169.314)	/	255.476
	=	0.66

Cherry Hill Mortgage Investment (NYSE:CHMI) 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.

Cherry Hill Mortgage Investment Debt-to-Equity Related Terms

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

Cherry Hill Mortgage Investment (Cherry Hill Mortgage Investment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Cherry Hill Mortgage Investment Corp (NYSE:CHMI) » Definitions » Debt-to-Equity

Comparable Companies

EARN ACR LOAN LFT WMC MITT AJX AAIC SACH SEVN NLY STWD AGNC RITM BXMT ABR RC CMTG ARI LADR

Traded in Other Exchanges

CHMIpB.PFD:USA CHMIpA.PFD:USA

Address

1451 Route 34, Suite 303, Farmingdale, NJ, USA, 07727

Website

https://www.chmireit.com

Cherry Hill Mortgage Investment Corp operates as a real estate investment trust in the United States. It invests in residential mortgage assets to generate current yields and risk-adjusted total returns for its stockholders over the long term, primarily through dividend distributions and secondarily through capital appreciation. The company's reportable segments include investments in Residential mortgage-backed securities (RMBS), Investments in Servicing Related Assets, and All Others. It generates maximum revenue from the RMBS segment in the form of Interest income earned for servicing mortgage loans.

Executives

Jay Lown	director, officer: President and CEO	301 HARPER DRIVE, SUITE 110, MOORESTOWN NJ 08057
Sharon L Cook	director	CHERRY HILL MORTGAGE INVESTMENT CORP, 1451 ROUTE 34, SUITE 303, FARMINGDALE NJ 07727
Regina Lowrie	director	155 INVERNESS DRIVE, BLUE BELL PA 19422
Julian Evans	officer: Chief Investment Officer	301 HARPER DRIVE, SUITE 110, MOORESTOWN NJ 08057
Michael Andrew Hutchby	officer: Chief Financial Officer	CHERRY HILL MORTGAGE MANAGEMENT, 1451 HIGHWAY 34, SUITE 303, FARMINGDALE NJ 07727
Martin Levine	officer: Chief Financial Officer	301 HARPER DRIVE, SUITE 110, MOORESTOWN NJ 08057
Mercer Robert C Jr	director	1256 OVERTON CIRCLE, GALLATIN TN 37066
Joseph J Murin	director	6528 KAISER DRIVE, FREMONT CA 94555
Jonathan Kislak	director	800 BRICKELL AVENUE, SUITE 400, MIAMI FL 33131
Stanley C. Middleman	director, 10 percent owner	301 HARPER DRIVE, SUITE 110, MOORESTOWN NJ 08057
Robert A Salcetti	director	1661 WORTHINGTON ROAD, SUITE 100, WEST PALM BEACH FL 33409
Citadel Gp Llc	10 percent owner	131 DEARBORN ST., 32ND FLOOR, CHICAGO IL 60603
Calc Iii Lp	10 percent owner	131 S. DEARBORN STREET, 32ND FLOOR, CHICAGO IL 60603
Kenneth C Griffin	10 percent owner	CITADEL INVESTMENT GROUP LLC, 131 S DEARBORN STREET 32ND FL, CHICAGO IL 60603
Citadel Securities Llc	10 percent owner	131 SOUTH DEARBORN STREET, CHICAGO IL 60603