Ready Capital Balance Sheet Health
Financial Health criteria checks 2/6
Ready Capital has a total shareholder equity of $739.0M and total debt of $3.3B, which brings its debt-to-equity ratio to 445.5%. Its total assets and total liabilities are $4.1B and $3.4B respectively.
Key information
445.5%
Debt to equity ratio
US$3.29b
Debt
Interest coverage ratio | n/a |
Cash | US$61.00m |
Equity | US$739.01m |
Total liabilities | US$3.38b |
Total assets | US$4.12b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RCB's short term assets ($3.8B) exceed its short term liabilities ($1.3B).
Long Term Liabilities: RCB's short term assets ($3.8B) exceed its long term liabilities ($2.1B).
Debt to Equity History and Analysis
Debt Level: Insufficient data to calculate RCB's net debt to equity ratio to determine if it is satisfactory.
Reducing Debt: RCB's debt to equity ratio has increased from 165.8% to 445.5% over the past 5 years.
Debt Coverage: RCB's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if RCB's interest payments on its debt are well covered by EBIT.