Granite Point Mortgage Trust Balance Sheet Health
Financial Health criteria checks 3/6
Granite Point Mortgage Trust has a total shareholder equity of $859.0M and total debt of $2.0B, which brings its debt-to-equity ratio to 227.1%. Its total assets and total liabilities are $2.8B and $2.0B respectively.
Key information
227.1%
Debt to equity ratio
US$1.95b
Debt
| Interest coverage ratio | n/a |
| Cash | US$188.37m |
| Equity | US$859.02m |
| Total liabilities | US$1.99b |
| Total assets | US$2.85b |
Recent financial health updates
No updates
Recent updates
Granite Point Mortgage Trust: Write-Offs Are Accelerating
Mar 15Granite Point Mortgage Trust: Precarious 64% Discount To Book Value And 17% Dividend Yield
Feb 20Granite Point Mortgage Trust: Hard To Recommend Even At Large Discounts To Book Value
Feb 02Granite Point Mortgage Offers An 11% Yield On Its Preferred Shares
Oct 29I've Sold My Granite Point Mortgage Trust Position And Won't Re-Enter
Oct 12Granite Point Mortgage Trust: At Risk Of A Dividend Cut
Jul 31Granite Point Mortgage Trust Non-GAAP EPS of -$0.16 beats by $0.01, net interest income of $20.98M beats by $2.27M
Feb 23Granite Point Mortgage Trust decrease quarterly dividend by -20% to $0.20/share
Dec 20Granite Point Mortgage Trust Now Offers A 15% Yield - But For How Much Longer?
Nov 13Granite Point Mortgage Trust goes ex dividend tomorrow
Sep 29Granite Point Mortgage's Preferred Shares Offer A 10% Yield To Call
Aug 189.3%-Yielding Granite Point Mortgage Is Flying Under The Radar
Aug 02Granite Point Mortgage Is Now Yielding 9.9% - Who's Buying?
May 21Granite Point Mortgage: The 7.5% Yielding Preferred Shares Are Getting Attractive
Apr 15Granite Point Mortgage Issues An Interesting 7% Preferred Share
Nov 24Granite Point Mortgage: 7.4% Yield, 22% Discount
Aug 276.6% Yield, 81% Payout: Granite Point Mortgage Is An Undervalued Gem
Jun 14Granite Point Mortgage Trust Inc. 2021 Q1 - Results - Earnings Call Presentation
May 07Financial Position Analysis
Short Term Liabilities: GPMT's short term assets ($2.8B) exceed its short term liabilities ($267.3M).
Long Term Liabilities: GPMT's short term assets ($2.8B) exceed its long term liabilities ($1.7B).
Debt to Equity History and Analysis
Debt Level: GPMT's net debt to equity ratio (205.2%) is considered high.
Reducing Debt: GPMT's debt to equity ratio has reduced from 301.5% to 227.1% over the past 5 years.
Debt Coverage: GPMT's debt is not well covered by operating cash flow (2.7%).
Interest Coverage: Insufficient data to determine if GPMT's interest payments on its debt are well covered by EBIT.