Granite Point Mortgage Trust Balance Sheet Health
Financial Health criteria checks 5/6
Granite Point Mortgage Trust has a total shareholder equity of $667.9M and total debt of $1.6B, which brings its debt-to-equity ratio to 240.6%. Its total assets and total liabilities are $2.3B and $1.6B respectively.
Key information
240.6%
Debt to equity ratio
US$1.61b
Debt
| Interest coverage ratio | n/a |
| Cash | US$113.46m |
| Equity | US$667.91m |
| Total liabilities | US$1.63b |
| Total assets | US$2.30b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GPMT.PRA's short term assets ($2.2B) exceed its short term liabilities ($1.4B).
Long Term Liabilities: GPMT.PRA's short term assets ($2.2B) exceed its long term liabilities ($238.8M).
Debt to Equity History and Analysis
Debt Level: GPMT.PRA's net debt to equity ratio (223.6%) is considered high.
Reducing Debt: GPMT.PRA's debt to equity ratio has reduced from 315.7% to 240.6% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable GPMT.PRA has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: GPMT.PRA is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 4.7% per year.