PMT (PennyMac Mortgage Investment Trust) Debt-to-Equity : 2.59 (As of Sep. 2024)

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What is PennyMac Mortgage Investment Trust Debt-to-Equity?

PennyMac Mortgage Investment Trust's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.0 Mil. PennyMac Mortgage Investment Trust's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $5,008.6 Mil. PennyMac Mortgage Investment Trust's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $1,936.8 Mil. PennyMac Mortgage Investment Trust's debt to equity for the quarter that ended in Sep. 2024 was 2.59.

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

PMT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.27 Med: 0.94 Max: 2.64
Current: 2.59

During the past 13 years, the highest Debt-to-Equity Ratio of PennyMac Mortgage Investment Trust was 2.64. The lowest was 0.27. And the median was 0.94.

PMT's Debt-to-Equity is ranked worse than
91.88% of 714 companies
in the REITs industry
Industry Median: 0.78 vs PMT: 2.59

PennyMac Mortgage Investment Trust Debt-to-Equity Historical Data

The historical data trend for PennyMac Mortgage Investment 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.

PennyMac Mortgage Investment Trust Debt-to-Equity Chart

PennyMac Mortgage Investment Trust Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.97

0.99

1.90

2.43

2.48

PennyMac Mortgage Investment Trust Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															2.43	2.48	2.46	2.60	2.59

Competitive Comparison of PennyMac Mortgage Investment Trust's Debt-to-Equity

For the REIT - Mortgage subindustry, PennyMac Mortgage Investment 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.

PennyMac Mortgage Investment Trust's Debt-to-Equity Distribution in the REITs Industry

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

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

PennyMac Mortgage Investment Trust Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

PennyMac Mortgage Investment 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
	=	(0	+	4847.794)	/	1957.09
	=	2.48

PennyMac Mortgage Investment Trust's Debt to Equity Ratio for the quarter that ended in Sep. 2024 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	+	5008.61)	/	1936.787
	=	2.59

PennyMac Mortgage Investment Trust (NYSE:PMT) 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.

PennyMac Mortgage Investment Trust Debt-to-Equity Related Terms

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

PennyMac Mortgage Investment Trust Business Description

Industry

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

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 8PM:Germany

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 the production and servicing of financial securities based on residential loans and the 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 Credit sensitive strategies segment generates income via investments in CRT arrangements, subordinate MBS, distressed loans, and real estate.

Executives

Catherine A. Lynch	director	55 EAST 52ND STREET, NEW YORK NY 10055
Doug Jones	officer: Chief Correspondent Lending Of	C/O PENNYMAC, 6101 CONDOR DRIVE, UPPER LEVEL, MOORPARK CA 93021
Preston Paul Dufauchard, Jr.	director	11230 ELVESSA STREET, OAKLAND CA 94605
Stacey D. Stewart	director	5920 WALHONDING ROAD, BETHESDA MD 20816
Scott W. Carnahan	director	3820 VISTA AZUL, SAN CLEMENTE CA 92672
Donna M Corley	director	8200 JONES BRANCH DRIVE, MCLEAN VA 22102
William Herbert Chang	officer: Chief Investment Officer	PENNYMAC FINANCIAL SERVICES, INC., 3043 TOWNSGATE ROAD, WESTLAKE VILLAGE CA 91361
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