TWOPA.PFD (Two Harbors Investment) Debt-to-Equity : 0.58 (As of Sep. 2024)

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What is Two Harbors Investment Debt-to-Equity?

Two Harbors Investment's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $1,002.19 Mil. Two Harbors Investment's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $259.82 Mil. Two Harbors Investment's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $2,169.37 Mil. Two Harbors Investment's debt to equity for the quarter that ended in Sep. 2024 was 0.58.

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 Two Harbors Investment's Debt-to-Equity or its related term are showing as below:

TWOpA.PFD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.15 Med: 0.65 Max: 2.13
Current: 0.58

During the past 13 years, the highest Debt-to-Equity Ratio of Two Harbors Investment was 2.13. The lowest was 0.15. And the median was 0.65.

TWOpA.PFD's Debt-to-Equity is ranked better than
66.81% of 714 companies
in the REITs industry
Industry Median: 0.78 vs TWOpA.PFD: 0.58

Two Harbors Investment Debt-to-Equity Historical Data

The historical data trend for Two Harbors 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.

Two Harbors Investment Debt-to-Equity Chart

Two Harbors Investment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.24

0.31

0.45

0.82

0.86

Two Harbors Investment 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															0.93	0.86	0.86	0.70	0.58

Competitive Comparison of Two Harbors Investment's Debt-to-Equity

For the REIT - Mortgage subindustry, Two Harbors 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.

Two Harbors Investment's Debt-to-Equity Distribution in the REITs Industry

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

* The bar in red indicates where Two Harbors Investment's Debt-to-Equity falls into.

Two Harbors Investment Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Two Harbors 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
	=	(1329.171	+	563.853)	/	2203.39
	=	0.86

Two Harbors Investment'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
	=	(1002.188	+	259.815)	/	2169.374
	=	0.58

Two Harbors Investment (NYSE:TWOpA.PFD) 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.

Two Harbors Investment Debt-to-Equity Related Terms

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

Two Harbors Investment Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Two Harbors Investment Corp (NYSE:TWOpA.PFD) » Definitions » Debt-to-Equity

Comparable Companies

MFA CIM LADR ARI PMT RC EFC ARR FBRT RWT NLY AGNC STWD RITM BXMT ABR DX CMTG KREF BRSP

Traded in Other Exchanges

TWOpC.PFD:USA TWOpB.PFD:USA TWO:USA 2H2:Germany

Address

1601 Utica Avenue South, Suite 900, St. Louis Park, MN, USA, 55416

Website

https://www.twoharborsinvestment.com

Two Harbors Investment Corp is a real estate investment trust primarily focused on investing in, financing, and managing residential mortgage-backed securities, or RMBS; residential mortgage loans; mortgage servicing rights; and commercial real estate. The majority of the company's investment portfolio is split between agency RMBS purchased from government-sponsored enterprises and nonagency RMBS. Two Harbors derives nearly all of its revenue in the form of interest income collected from its investments. Most of this income is generated by available-for-sale securities, while residential mortgage loans held for investment in securitization trusts also contribute a sizable amount.