Ready Capital Balance Sheet Health
Financial Health criteria checks 3/6
Ready Capital has a total shareholder equity of $2.3B and total debt of $8.2B, which brings its debt-to-equity ratio to 352.1%. Its total assets and total liabilities are $11.3B and $8.9B respectively.
Key information
352.1%
Debt to equity ratio
US$8.23b
Debt
| Interest coverage ratio | n/a |
| Cash | US$201.30m |
| Equity | US$2.34b |
| Total liabilities | US$8.91b |
| Total assets | US$11.25b |
Recent financial health updates
No updates
Recent updates
Ready Capital: When Is The Final Dividend Cut?
Oct 16Ready Capital: It Isn't Ready Yet
May 20Ready Capital: Inability To Stabilize Earnings Against Headwinds Makes It A Hold
Apr 09Ready Capital: Two Dividend Cuts Later And The Broadmark Acquisition Stings
Dec 23Ready Capital: A Fat 14.5% CRE Yield After The Merger With Broadmark
Sep 03Ready Capital: Why Decreased Distributable Earnings Are Not Frightening
Jun 28Ready Capital Q4 2022 Earnings Preview
Feb 24Ready Capital: The 12.4% Yield Is Still Exciting
Feb 11Ready Capital decrease quarterly dividend by -4.8% to $0.40 /share
Dec 15Ready Capital upsizes share buyback by $25M
Sep 29Ready Capital: Steady Double-Digit Yields With Minimal Risk
Sep 22Ready Capital declares $0.42 dividend
Sep 15Ready Capital expects 'healthy deal flow' for its lending programs into 2023
Jul 12Ready Capital: 13.65% Dividend Yield With Favorable Risk-Reward Profile
Jul 05Ready Capital: Headwinds From Rising Interest Rates
Apr 04Trade Orchid Island Capital For Ready Capital To Realize Future Growth And Income
Jan 16Ready Capital: Strong And Steady Growth With An Eye For M&A
Nov 18Ready Capital prices $100M public offering
Jun 03Ready Capital Corporation 2021 Q1 - Results - Earnings Call Presentation
May 07Financial Position Analysis
Short Term Liabilities: RC's short term assets ($10.2B) exceed its short term liabilities ($1.2B).
Long Term Liabilities: RC's short term assets ($10.2B) exceed its long term liabilities ($7.7B).
Debt to Equity History and Analysis
Debt Level: RC's net debt to equity ratio (343.5%) is considered high.
Reducing Debt: RC's debt to equity ratio has reduced from 445.9% to 352.1% over the past 5 years.
Debt Coverage: RC's debt is not well covered by operating cash flow (2.6%).
Interest Coverage: Insufficient data to determine if RC's interest payments on its debt are well covered by EBIT.