IMPHP.PFD (Impac Mortgage Holdings) LT-Debt-to-Total-Asset : 0.71 (As of Dec. 2022)

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What is Impac Mortgage Holdings LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Impac Mortgage Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2022 was 0.71.

Impac Mortgage Holdings's long-term debt to total assets ratio declined from Dec. 2021 (0.83) to Dec. 2022 (0.71). It may suggest that Impac Mortgage Holdings is progressively becoming less dependent on debt to grow their business.

Impac Mortgage Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Impac Mortgage Holdings's LT-Debt-to-Total-Asset 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.

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Impac Mortgage Holdings LT-Debt-to-Total-Asset Chart

Impac Mortgage Holdings Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.88

0.76

0.91

0.83

0.71

Impac Mortgage Holdings Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.83	0.25	0.38	0.52	0.71

Impac Mortgage Holdings LT-Debt-to-Total-Asset Calculation

Impac Mortgage Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	42.753	/	60.331
	=	0.71

Impac Mortgage Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (Q: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2022 )	/	Total Assets (Q: Dec. 2022 )
	=	42.753	/	60.331
	=	0.71

Impac Mortgage Holdings (OTCPK:IMPHP.PFD) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Impac Mortgage Holdings LT-Debt-to-Total-Asset Related Terms

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Impac Mortgage Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Impac Mortgage Holdings Inc (OTCPK:IMPHP.PFD) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

4000 MacArthur Boulevard, Suite 6000, Newport Beach, CA, USA, 92660

Website

https://www.impaccompanies.com

Impac Mortgage Holdings Inc is engaged in the business of originating and brokering mortgage loans secured by residential real estate throughout the United States and derives income from fees charged for services related to the brokering, origination, and sale of mortgage loans.