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.