Ellington Credit Balance Sheet Health
Financial Health criteria checks 2/6
Ellington Credit has a total shareholder equity of $191.6M and total debt of $496.8M, which brings its debt-to-equity ratio to 259.2%. Its total assets and total liabilities are $752.3M and $560.7M respectively.
Key information
259.2%
Debt to equity ratio
US$496.78m
Debt
| Interest coverage ratio | n/a |
| Cash | US$73.87m |
| Equity | US$191.63m |
| Total liabilities | US$560.67m |
| Total assets | US$752.30m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 73Z's short term assets ($133.3M) do not cover its short term liabilities ($560.7M).
Long Term Liabilities: 73Z has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: 73Z's net debt to equity ratio (220.7%) is considered high.
Reducing Debt: 73Z's debt to equity ratio has reduced from 878.5% to 259.2% over the past 5 years.
Debt Coverage: 73Z's debt is not well covered by operating cash flow (0.5%).
Interest Coverage: Insufficient data to determine if 73Z's interest payments on its debt are well covered by EBIT.