Ellington Credit Balance Sheet Health
Financial Health criteria checks 2/6
Ellington Credit has a total shareholder equity of $136.2M and total debt of $736.9M, which brings its debt-to-equity ratio to 540.9%. Its total assets and total liabilities are $945.7M and $809.5M respectively.
Key information
540.9%
Debt to equity ratio
US$736.87m
Debt
| Interest coverage ratio | n/a |
| Cash | US$112.81m |
| Equity | US$136.24m |
| Total liabilities | US$809.45m |
| Total assets | US$945.69m |
Recent financial health updates
No updates
Recent updates
EARN: 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 06Ellington Residential Mortgage REIT declares $0.08 dividend
Sep 08Ellington Residential Mortgage REIT: Horrific Market But Dividend Looks Good
Aug 21Ellington Residential Mortgage REIT declares $0.08 dividend
Aug 04Ellington Residential Mortgage REIT declares $0.08 dividend
Jul 08Ellington Residential: 11.6% Yield, Trading At 0.81x Book Value
Jun 03Ellington Residential: 12% Below NAV But No Dividend Consistency Yet
Jan 21Financial Position Analysis
Short Term Liabilities: EARN's short term assets ($171.7M) do not cover its short term liabilities ($809.5M).
Long Term Liabilities: EARN has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: EARN's net debt to equity ratio (458.1%) is considered high.
Reducing Debt: EARN's debt to equity ratio has reduced from 973.9% to 540.9% 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.