Ready Capital Balance Sheet Health
Financial Health criteria checks 2/6
Ready Capital has a total shareholder equity of $2.5B and total debt of $9.0B, which brings its debt-to-equity ratio to 357.9%. Its total assets and total liabilities are $12.0B and $9.5B respectively.
Key information
357.9%
Debt to equity ratio
US$8.98b
Debt
| Interest coverage ratio | n/a |
| Cash | US$181.46m |
| Equity | US$2.51b |
| Total liabilities | US$9.54b |
| Total assets | US$12.04b |
Recent financial health updates
No updates
Recent updates
Ready 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 07What You Need To Know About Ready Capital Corporation's (NYSE:RC) Investor Composition
Feb 19
Financial Position Analysis
Short Term Liabilities: RC's short term assets ($11.0B) exceed its short term liabilities ($835.5M).
Long Term Liabilities: RC's short term assets ($11.0B) exceed its long term liabilities ($8.7B).
Debt to Equity History and Analysis
Debt Level: RC's net debt to equity ratio (350.6%) is considered high.
Reducing Debt: RC's debt to equity ratio has increased from 321.3% to 357.9% over the past 5 years.
Debt Coverage: RC's debt is not well covered by operating cash flow (0.8%).
Interest Coverage: Insufficient data to determine if RC's interest payments on its debt are well covered by EBIT.