Firm Capital Mortgage Investment (TSX:FC) Debt-to-Equity : 0.47 (As of Mar. 2024)

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What is Firm Capital Mortgage Investment Debt-to-Equity?

Firm Capital Mortgage Investment's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$29.94 Mil. Firm Capital Mortgage Investment's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$158.62 Mil. Firm Capital Mortgage Investment's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$399.72 Mil. Firm Capital Mortgage Investment's debt to equity for the quarter that ended in Mar. 2024 was 0.47.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Firm Capital Mortgage Investment's Debt-to-Equity or its related term are showing as below:

TSX:FC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.46 Med: 0.68 Max: 0.95
Current: 0.47

During the past 13 years, the highest Debt-to-Equity Ratio of Firm Capital Mortgage Investment was 0.95. The lowest was 0.46. And the median was 0.68.

TSX:FC's Debt-to-Equity is ranked better than
61.19% of 1394 companies
in the Banks industry
Industry Median: 0.65 vs TSX:FC: 0.47

Firm Capital Mortgage Investment Debt-to-Equity Historical Data

The historical data trend for Firm Capital Mortgage Investment's Debt-to-Equity 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.

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Firm Capital Mortgage Investment Debt-to-Equity Chart

Firm Capital Mortgage Investment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.51

0.61

0.66

0.63

0.46

Firm Capital Mortgage Investment Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.60	0.51	0.51	0.46	0.47

Competitive Comparison of Firm Capital Mortgage Investment's Debt-to-Equity

For the Mortgage Finance subindustry, Firm Capital Mortgage Investment's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.

Firm Capital Mortgage Investment's Debt-to-Equity Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Firm Capital Mortgage Investment's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Firm Capital Mortgage Investment's Debt-to-Equity falls into.

Firm Capital Mortgage Investment Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Firm Capital Mortgage Investment's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(24.678	+	158.122)	/	399.19
	=	0.46

Firm Capital Mortgage Investment's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(29.94	+	158.624)	/	399.717
	=	0.47

Firm Capital Mortgage Investment (TSX:FC) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Firm Capital Mortgage Investment Debt-to-Equity Related Terms

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

Firm Capital Mortgage Investment (TSX:FC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Firm Capital Mortgage Investment Corp (TSX:FC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

FCMGF:USA 74X:Germany

Address

163 Cartwright Avenue, Toronto, ON, CAN, M6A 1V5

Website

https://www.firmcapital.com

Firm Capital Mortgage Investment Corp is a Canadian financial provider. It acts as a non-bank lender providing residential and commercial short-term bridge and conventional real estate financing, including construction, mezzanine, and equity investments. The company provides construction, equity and conventional real estate finance for include residential houses, small multi-family residential properties, mixed-use residential and others to the builder, developer, and real estate owner marketplace along with a high level of personal service to real estate investors. Also, it provides loan servicing, asset management, and related investment services. The company's revenue mainly comprises Interest and fee income and commission fees arising from Canada and United States.

Executives

Ryan Lim

Senior Officer