Western Asset Mortgage Capital Balance Sheet Health
Financial Health criteria checks 4/6
Western Asset Mortgage Capital has a total shareholder equity of $78.0M and total debt of $2.1B, which brings its debt-to-equity ratio to 2743.9%. Its total assets and total liabilities are $2.2B and $2.2B respectively.
Key information
2,743.9%
Debt to equity ratio
US$2.14b
Debt
| Interest coverage ratio | n/a |
| Cash | US$24.61m |
| Equity | US$77.99m |
| Total liabilities | US$2.16b |
| Total assets | US$2.24b |
Recent financial health updates
Recent updates
Western Asset Mortgage Capital: Little Chance Of Recovery In My Opinion
May 31Western Asset Mortgage Capital declares $0.40 dividend
Dec 21Western Asset Mortgage Capital Non-GAAP EPS of $0.37, net interest income of $5.7M
Nov 04Western Asset Mortgage Capital declares $0.40 dividend
Sep 22Western Asset Mortgage Capital Non-GAAP EPS of $0.44
Aug 04Western Asset Mortgage Capital prices $351.9M mortgage-backed notes
Jul 08Western Asset Mortgage Capital announced 1-for-10 reverse stock split
Jun 30Western Asset Mortgage Capital: Recent Dividend Cut And Declining Book Value
May 02Western Asset Mortgage Capital misses on revenue
May 05Western Asset Mortgage Capital: Risks From Commercial Portfolio In The Limelight
Jan 07Western Asset Mortgage investment chief exits; WMC buys $10M of its notes
Dec 31Western Asset Mortgage Capital raises dividend to $0.06
Dec 17Western Asset Mortgage Capital Corporation 2020 Q3 - Results - Earnings Call Presentation
Nov 09Western Asset Mortgage Capital misses on revenue
Nov 05Financial Position Analysis
Short Term Liabilities: WMC's short term assets ($2.1B) exceed its short term liabilities ($188.6M).
Long Term Liabilities: WMC's short term assets ($2.1B) exceed its long term liabilities ($2.0B).
Debt to Equity History and Analysis
Debt Level: WMC's net debt to equity ratio (2712.4%) is considered high.
Reducing Debt: WMC's debt to equity ratio has increased from 877.6% to 2743.9% 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 WMC has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: WMC is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 18.4% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2023/12/07 23:32 |
| End of Day Share Price | 2023/12/05 00:00 |
| Earnings | 2023/09/30 |
| Annual Earnings | 2022/12/31 |
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 |
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| 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
Western Asset Mortgage Capital Corporation is covered by 10 analysts. 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 |
|---|---|
| Derek Hewett | BofA Global Research |
| Jason Stewart | Compass Point Research & Trading, LLC |
| Stephen Laws | Deutsche Bank |