Ellington Credit Balance Sheet Health
Financial Health criteria checks 2/6
Ellington Credit has a total shareholder equity of $146.1M and total debt of $585.2M, which brings its debt-to-equity ratio to 400.5%. Its total assets and total liabilities are $933.5M and $787.3M respectively.
Key information
400.5%
Debt to equity ratio
US$585.22m
Debt
| Interest coverage ratio | n/a |
| Cash | US$216.00m |
| Equity | US$146.13m |
| Total liabilities | US$787.33m |
| Total assets | US$933.46m |
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 06Ellington Residential Mortgage REIT declares $0.08 dividend
Sep 08Financial Position Analysis
Short Term Liabilities: EARN's short term assets ($296.6M) do not cover its short term liabilities ($787.3M).
Long Term Liabilities: EARN has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: EARN's net debt to equity ratio (252.7%) is considered high.
Reducing Debt: EARN's debt to equity ratio has reduced from 943% to 400.5% 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.