Ready Capital Balance Sheet Health

Financial Health criteria checks 3/6

Ready Capital has a total shareholder equity of $2.6B and total debt of $9.2B, which brings its debt-to-equity ratio to 348.7%. Its total assets and total liabilities are $12.4B and $9.8B respectively.

Key information

348.7%

Debt to equity ratio

US$9.23b

Debt

Interest coverage ration/a
CashUS$141.61m
EquityUS$2.65b
Total liabilitiesUS$9.79b
Total assetsUS$12.44b

Recent financial health updates

No updates

Recent updates

Ready Capital: Two Dividend Cuts Later And The Broadmark Acquisition Stings

Dec 23

Ready Capital: A Fat 14.5% CRE Yield After The Merger With Broadmark

Sep 03

Ready Capital: Why Decreased Distributable Earnings Are Not Frightening

Jun 28

Ready Capital Q4 2022 Earnings Preview

Feb 24

Ready Capital: The 12.4% Yield Is Still Exciting

Feb 11

Ready Capital decrease quarterly dividend by -4.8% to $0.40 /share

Dec 15

Ready Capital upsizes share buyback by $25M

Sep 29

Ready Capital: Steady Double-Digit Yields With Minimal Risk

Sep 22

Ready Capital declares $0.42 dividend

Sep 15

Ready Capital expects 'healthy deal flow' for its lending programs into 2023

Jul 12

Ready Capital: 13.65% Dividend Yield With Favorable Risk-Reward Profile

Jul 05

Ready Capital: Headwinds From Rising Interest Rates

Apr 04

Trade Orchid Island Capital For Ready Capital To Realize Future Growth And Income

Jan 16

Ready Capital: Strong And Steady Growth With An Eye For M&A

Nov 18

Ready Capital prices $100M public offering

Jun 03

Ready Capital Corporation 2021 Q1 - Results - Earnings Call Presentation

May 07

What You Need To Know About Ready Capital Corporation's (NYSE:RC) Investor Composition

Feb 19
What You Need To Know About Ready Capital Corporation's (NYSE:RC) Investor Composition

Have Insiders Been Buying Ready Capital Corporation (NYSE:RC) Shares?

Jan 15
Have Insiders Been Buying Ready Capital Corporation (NYSE:RC) Shares?

Ready Capital increases dividend by ~17% to $0.35

Dec 14

Share Price Aside, Ready Capital (NYSE:RC) Has Delivered Shareholders A 3.9% Return.

Dec 11
Share Price Aside, Ready Capital (NYSE:RC) Has Delivered Shareholders A 3.9% Return.

Ready Capital beats on revenue

Nov 04

Financial Position Analysis

Short Term Liabilities: RC's short term assets ($11.4B) exceed its short term liabilities ($780.5M).

Long Term Liabilities: RC's short term assets ($11.4B) exceed its long term liabilities ($9.0B).


Debt to Equity History and Analysis

Debt Level: RC's net debt to equity ratio (343.4%) is considered high.

Reducing Debt: RC's debt to equity ratio has reduced from 424.6% to 348.7% over the past 5 years.

Debt Coverage: RC's debt is not well covered by operating cash flow (0.6%).

Interest Coverage: Insufficient data to determine if RC's interest payments on its debt are well covered by EBIT.


Balance Sheet


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