Granite Point Mortgage Trust Balance Sheet Health
Financial Health criteria checks 3/6
Granite Point Mortgage Trust has a total shareholder equity of $704.7M and total debt of $1.8B, which brings its debt-to-equity ratio to 257.5%. Its total assets and total liabilities are $2.5B and $1.8B respectively.
Key information
257.5%
Debt to equity ratio
US$1.81b
Debt
| Interest coverage ratio | n/a |
| Cash | US$85.92m |
| Equity | US$704.70m |
| Total liabilities | US$1.84b |
| Total assets | US$2.55b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GPMT.PRA's short term assets ($2.5B) exceed its short term liabilities ($313.2M).
Long Term Liabilities: GPMT.PRA's short term assets ($2.5B) exceed its long term liabilities ($1.5B).
Debt to Equity History and Analysis
Debt Level: GPMT.PRA's net debt to equity ratio (245.3%) is considered high.
Reducing Debt: GPMT.PRA's debt to equity ratio has reduced from 265.5% to 257.5% over the past 5 years.
Debt Coverage: GPMT.PRA's debt is not well covered by operating cash flow (1.6%).
Interest Coverage: Insufficient data to determine if GPMT.PRA's interest payments on its debt are well covered by EBIT.