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
Granite Point Mortgage's Improved Liquidity Brings Its 10% Yielding Preferreds Into Focus
Nov 18Granite Point Mortgage Trust: Office Distress Continues, Are The Preferreds Safe
Aug 19Granite Point: Downside Materialized, I'm Flipping Bullish
Jul 17Granite Point Mortgage Trust Is Facing Headwinds But I'm Holding The Discounted Preferreds
May 12Granite 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 21Financial Position Analysis
Short Term Liabilities: GPMT's short term assets ($2.2B) exceed its short term liabilities ($1.4B).
Long Term Liabilities: GPMT's short term assets ($2.2B) exceed its long term liabilities ($238.8M).
Debt to Equity History and Analysis
Debt Level: GPMT's net debt to equity ratio (223.6%) is considered high.
Reducing Debt: GPMT'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 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: GPMT 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.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 09:24 |
| 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 |
| |
| 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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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Granite Point Mortgage Trust Inc. is covered by 9 analysts. 4 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 |
|---|---|
| null null | Argus Research Company |
| Kenneth Bruce | BofA Global Research |
| Benjamin Zucker | BTIG |