Ready Capital (Ready Capital) Cash-to-Debt : 0.02 (As of Mar. 2024)

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What is Ready Capital Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Ready Capital's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.02.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Ready Capital couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Ready Capital's Cash-to-Debt or its related term are showing as below:

RC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.04 Max: 0.08
Current: 0.02

During the past 13 years, Ready Capital's highest Cash to Debt Ratio was 0.08. The lowest was 0.02. And the median was 0.04.

RC's Cash-to-Debt is ranked worse than
79.15% of 801 companies
in the REITs industry
Industry Median: 0.08 vs RC: 0.02

Ready Capital Cash-to-Debt Historical Data

The historical data trend for Ready Capital's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Ready Capital Cash-to-Debt Chart

Ready Capital Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.02

0.04

0.05

0.02

Ready Capital Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.02	0.03	0.03	0.02	0.02

Competitive Comparison of Ready Capital's Cash-to-Debt

For the REIT - Mortgage subindustry, Ready Capital's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Ready Capital's Cash-to-Debt Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Ready Capital's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Ready Capital's Cash-to-Debt falls into.

Ready Capital Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Ready Capital's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	138.532	/	(149.923	+	7094.177)
	=	0.02

Ready Capital's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	166.013	/	(200.14	+	6779.039)
	=	0.02

Ready Capital (NYSE:RC) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Ready Capital Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Ready Capital's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Ready Capital (Ready Capital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Ready Capital Corp (NYSE:RC) » Definitions » Cash-to-Debt

Comparable Companies

CMTG ARI LADR PMT CIM FBRT TWO MFA ABR EFC NLY STWD AGNC RITM BXMT RWT KREF NYMT ARR DX

Traded in Other Exchanges

RCPC.PFD:USA 0SZ:Germany

Address

1251 Avenue of the Americas, 50th Floor, New York, NY, USA, 10020

Website

https://www.readycapital.com

Ready Capital Corp is a real estate finance company. It acquires, manages, originates, and finances small-balance commercial loans to purchase small multi-family, office, retail, mixed-use, or warehouse properties. The company's segments consist of SBC Lending and Acquisitions, Small Business Lending, and Residential Mortgage Banking. Its objective is to provide attractive risk-adjusted returns through dividends and through capital appreciation.

Executives

Thomas E Capasse	director, officer: Chairman of the Board and CEO	SUTHERLAND ASSET MANAGEMENT CORPORATION, 1185 AVENUE OF THE AMERICAS, 18TH FLOOR, NEW YORK NY 10036
Pinkie Dent Mayfield	director	1420 FIFTH AVENUE, SUITE 2000, SEATTLE WA 98101
Daniel J. Hirsch	director	748 DIAMOND STREET, SAN FRANCISCO CA 94114
Kevin M Luebbers	director	850 RIDGE LAKE BLVD, STE 300, MEMPHIS TN 38120
Gilbert E Nathan	director	C/O EMERGENT CAPITAL, INC., 5355 TOWN CENTER ROAD, SUITE 701, BOCA RATON FL 33486
Dominique Mielle	director	C/O ANWORTH MORTGAGE ASSET CORPORATION, 1299 OCEAN AVENUE, SECOND FLOOR, SANTA MONICA CA 90401
Meredith Marshall	director	50 RIVERSIDE BLVD, APT 14C, NEW YORK NY 10069
Andrew Ahlborn	officer: Chief Financial Officer	C/O READY CAPITAL CORPORATION, 1140 AVENUE OF THE AMERICAS, 7TH FLOOR, NEW YORK NY 10036
Erving Julius W Ii	director	DR J ENTERPRISES LLC, 3355 LENOX ROAD NE SUITE 750, ATLANTA GA 30326
Andrea Petro	director	C/O READY CAPITAL CORPORATION, 1251 AVENUE OF THE AMERICAS, 50TH FL., NEW YORK NY 10020
Adam Zausmer	officer: Chief Credit Officer	C/O READY CAPITAL CORPORATION, 1251 AVENUE OF THE AMERICAS, 50TH FLOOR, NEW YORK NY 10020
Gary Taylor	officer: Chief Operating Officer	C/O READY CAPITAL CORPORATION, 1140 AVENUE OF THE AMERICAS, 7TH FLOOR, NEW YORK NY 10036
J Mitchell Reese	director	210 MONTEREY DR. S., VERO BEACH FL 32963
Todd M. Sinai	director	C/O SUTHERLAND ASSET MANAGEMENT CORP, 1140 AVENUE OF THE AMERICAS, 7TH FLOOR, NEW YORK NY 10036
Thomas Buttacavoli	officer: Chief Investment Officer	C/O SUTHERLAND ASSET MANAGEMENT CORP., 1140 AVENUE OF THE AMERICAS, 7TH FLOOR, NEW YORK NY 10036