Ready Capital (RC) Debt Metrics
Market Cap: $754.32M
Avg Volume: 2.88M
Industry: REIT - Mortgage
Sector: Real Estate
How much debt does Ready Capital have?
According to Ready Capital's latest annual financial reports, the company's debt profile is as follows:
Total Debt and Liabilities
Ready Capital's total debt stands at $437.85M. This is broken down into:
- Long-term debt: $17.81M
- Short-term debt: $317.05M
The company's net debt, which accounts for cash and cash equivalents, is $294.04M. In terms of overall financial obligations, Ready Capital's total liabilities amount to $8.21B.
Debt Ratios and Metrics
To better understand Ready Capital's debt position, we can look at several key ratios:
- Debt to Equity Ratio: 0.24 - this indicates the proportion of equity and debt the company uses to finance its assets.
- Debt Ratio: 4.32% - this shows the proportion of a company's assets that are financed through debt.
- Interest Coverage Ratio: -0.59 - this measures how easily a company can pay interest on its outstanding debt.
- Long-term Debt to Capitalization: 0.00% - this shows the proportion of long-term debt in the company's capital structure.
- Total Debt to Capitalization: 19.24% - this indicates the total debt in the company's capital structure.
These metrics provide insight into Ready Capital's financial leverage and its ability to meet financial obligations. For a comprehensive understanding of the company's financial health, it's important to consider these debt metrics alongside other financial indicators and industry benchmarks.
Total Debt
$437.85M
Long-term Debt
$17.81M
Short-term Debt
$317.05M
Net Debt
$294.04M
Total Liabilities
$8.21B
Interest Coverage
-0.59
Debt to Equity Ratio
0.24
Debt Ratio
4.32%
Ready Capital Historical Debt Metrics
Ready Capital Historical Debt
The table below shows various debt metrics for each year, with the latest data available for the last fiscal year 2024.
| Year | Total Debt | Long-term Debt | Short-term Debt | Net Debt | Total Liabilities | Debt to Equity | Debt Ratio | Interest Coverage | Long-term Debt to Capitalization | Total Debt to Capitalization |
|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $437.85M | $17.81M | $317.05M | $294.04M | $8.21B | 0.24 | 4.32% | -0.59 | 0.00% | 19.24% |
| 2023 | $7.24B | $7.09B | $149.92M | $7.11B | $9.79B | 2.84 | 58.23% | 1.23 | 73.55% | 73.98% |
| 2022 | $9.19B | $6.35B | $128.88M | $9.03B | $9.72B | 5.11 | 79.08% | 1.56 | 77.90% | 83.63% |
| 2021 | $6.97B | $4.46B | $471.88M | $6.74B | $8.25B | 5.47 | 73.15% | 0.87 | 77.74% | 84.53% |
| 2020 | $4.12B | $2.75B | $542.95M | $3.98B | $4.54B | 5.05 | 76.71% | 0.30 | 77.13% | 83.48% |
| 2019 | $3.93B | $2.75B | $380.20M | $3.86B | $4.13B | 4.76 | 78.97% | 0.41 | 76.86% | 82.64% |
| 2018 | $2.31B | $1.82B | $88.39M | $2.25B | $2.47B | 4.23 | 75.96% | -1.11 | 76.95% | 80.89% |
| 2017 | $1.78B | $1.78B | $101.10M | $1.71B | $1.97B | 3.31 | 70.36% | -0.69 | 76.81% | 76.81% |
| 2016 | $1.22B | $1.22B | $- | $1.16B | $2.05B | 2.37 | 46.73% | -0.01 | 70.35% | 70.35% |
| 2015 | $454.07M | $353.30M | $- | $433.27M | $597.36M | 2.85 | 58.58% | -1.69 | 68.93% | 74.04% |
Related Metrics
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