Ellington Credit Balance Sheet Health
Financial Health criteria checks 2/6
Ellington Credit has a total shareholder equity of $142.9M and total debt of $688.9M, which brings its debt-to-equity ratio to 482%. Its total assets and total liabilities are $964.0M and $821.0M respectively.
Key information
482.0%
Debt to equity ratio
US$688.92m
Debt
Interest coverage ratio | n/a |
Cash | US$104.77m |
Equity | US$142.92m |
Total liabilities | US$821.04m |
Total assets | US$963.96m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 73Z's short term assets ($151.1M) do not cover its short term liabilities ($821.0M).
Long Term Liabilities: 73Z has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: 73Z's net debt to equity ratio (408.7%) is considered high.
Reducing Debt: 73Z's debt to equity ratio has reduced from 909.4% to 482% over the past 5 years.
Debt Coverage: 73Z's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 73Z's interest payments on its debt are well covered by EBIT.