Ready Capital Balance Sheet Health
Financial Health criteria checks 2/6
Ready Capital has a total shareholder equity of $2.5B and total debt of $9.0B, which brings its debt-to-equity ratio to 357.9%. Its total assets and total liabilities are $12.0B and $9.5B respectively.
Key information
357.9%
Debt to equity ratio
US$8.98b
Debt
Interest coverage ratio | n/a |
Cash | US$181.46m |
Equity | US$2.51b |
Total liabilities | US$9.54b |
Total assets | US$12.04b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0SZ's short term assets ($11.0B) exceed its short term liabilities ($788.4M).
Long Term Liabilities: 0SZ's short term assets ($11.0B) exceed its long term liabilities ($8.7B).
Debt to Equity History and Analysis
Debt Level: 0SZ's net debt to equity ratio (350.6%) is considered high.
Reducing Debt: 0SZ's debt to equity ratio has increased from 321.3% to 357.9% over the past 5 years.
Debt Coverage: 0SZ's debt is not well covered by operating cash flow (0.8%).
Interest Coverage: Insufficient data to determine if 0SZ's interest payments on its debt are well covered by EBIT.