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
Ellington Credit: Interest Rate Cuts Could Help The REIT
Sep 25Ellington Credit: 14% Yield, Major Strategic Change, 4% BV Discount
Jul 04EARN: Transforming From A 14% Yielding REIT To A CLO CEF
Apr 18Ellington Residential's 14% Yield Could Be Sustainable In 2024
Mar 23Ellington Residential Mortgage REIT: This 15% Yielding Mortgage Trust Could Outperform (Upgrade)
Sep 26Ellington Residential Mortgage REIT declares $0.08 dividend
Feb 07Ellington Residential Mortgage REIT declares $0.08 dividend
Jan 09Ellington Residential: Wait For A Drop Before Buying This 14% Yield
Jan 03Ellington Residential Mortgage REIT declares $0.08 dividend
Dec 07Ellington Residential Mortgage REIT Non-GAAP EPS of $0.23 misses by $0.01, TII of $5.19M beats by $0.69M
Nov 09Ellington Residential Mortgage REIT declares $0.08 dividend
Oct 06Financial Position Analysis
Short Term Liabilities: EARN's short term assets ($133.3M) do not cover its short term liabilities ($560.7M).
Long Term Liabilities: EARN has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: EARN's net debt to equity ratio (220.7%) is considered high.
Reducing Debt: EARN's debt to equity ratio has reduced from 878.5% to 259.2% over the past 5 years.
Debt Coverage: EARN's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if EARN's interest payments on its debt are well covered by EBIT.