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: High Yield Is Not A Red Flag
Dec 23Ellington Credit: Still Waiting For Approval To Transition To A CEF (Rating Downgrade)
Dec 11Ellington 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 07Financial 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 debt is not well covered by operating cash flow (0.5%).
Interest Coverage: Insufficient data to determine if EARN's interest payments on its debt are well covered by EBIT.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 13:44 |
| End of Day Share Price | 2024/12/24 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Ellington Credit Company is covered by 8 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Eric Hagen | BTIG |
| Douglas Harter | Credit Suisse |
| Stephen Laws | Deutsche Bank |