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Degree of Financial Leverage (DFL) measures the percentage change in EPS for a unit change in Earnings Before Interest and Taxes (EBIT). Impac Mortgage Holdings's Degree of Financial Leverage for the quarter that ended in Dec. 2022 was 0.00. The higher Degree of Financial Leverage, the more volatile earnings will be.
The industry rank for Impac Mortgage Holdings's Degree of Financial Leverage or its related term are showing as below:
The historical data trend for Impac Mortgage Holdings's Degree of Financial Leverage 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.
Impac Mortgage Holdings Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Degree of Financial Leverage | Get a 7-Day Free Trial | -4.11 | -0.40 | -12.02 | -0.72 | -4.85 |
Impac Mortgage Holdings Quarterly Data | ||||||||||||||||||||
Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | |
Degree of Financial Leverage | Get a 7-Day Free Trial | -0.72 | - | - | - | -4.85 |
For the Mortgage Finance subindustry, Impac Mortgage Holdings's Degree of Financial Leverage, along with its competitors' market caps and Degree of Financial Leverage 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.
For the Banks industry and Financial Services sector, Impac Mortgage Holdings's Degree of Financial Leverage distribution charts can be found below:
* The bar in red indicates where Impac Mortgage Holdings's Degree of Financial Leverage falls into.
Impac Mortgage Holdings's Degree of Financial Leverage for the quarter that ended in Dec. 2022 is calculated as:
Degree of Financial Leverage | = | % Change in Earnings per Share (Diluted)** | / | % Change in EBIT |
= | ( -1.65 (Dec. 2022) / -0.22 (Dec. 2021) - 1 ) | / | ( -20.257 (Dec. 2022) / 59.461 (Dec. 2021) - 1 ) | |
= | 6.5 | / | -1.3407 | |
= | -4.85*** |
* 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.
** TTM data of EPS and EBIT was used to calculate Degree of Financial Leverage.
*** Please be aware that the Degree of Financial Leverage calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Impac Mortgage Holdings (OTCPK:IMPM) Degree of Financial Leverage Explanation
Degree of Financial Leverage (DFL) is a leverage ratio that measures the sensitivity of a company’s Earnings per Share (EPS) to fluctuations in its operating income, also referred to as Earnings Before Interest and Taxes (EBIT), resulting from adjustments in its capital structure. DFL is an essential tool for companies to assess the appropriate level of debt or financial leverage in their capital structure. When EBIT remains relatively stable, it results in stable earnings and earnings per share. In such cases, the company may consider taking on substantial debt. However, for companies operating in industries with significant fluctuations in EBIT, it is advisable to keep debt at a manageable level.
The higher Degree of Financial Leverage, the more volatile earnings will be. Because interest is a fixed expense, leverage can amplify earnings and EPS. This is beneficial when EBIT is growing, but it can become problematic in tough economic conditions when EBIT is under pressure.
Be Aware
The use of financial leverage varies across different industries and business sectors, and the application of Degree of Financial Leverage (DFL) should be adjusted accordingly.
Thank you for viewing the detailed overview of Impac Mortgage Holdings's Degree of Financial Leverage provided by GuruFocus.com. Please click on the following links to see related term pages.
Rhp Trust, Dated May 31, 2011 | 10 percent owner | 1400 NEWPORT CENTER DRIVE, SUITE 230, NEWPORT BEACH CA 92660 |
Richard H/ Pickup | 10 percent owner | 1400 NEWPORT CENTER DRIVE, SUITE 230, NEWPORT BEACH CA 92660 |
George A. Mangiaracina | officer: President | 19500 JAMBOREE ROAD, IRVINE CA 92612 |
Tiffany Entsminger | officer: Chief Risk Officer,Head of Ops | 19500 JAMBOREE ROAD, IRVINE CA 92612 |
Justin Moisio | officer: Chief Administrative Officer | 19500 JAMBOREE ROAD, IRVINE CA 92612 |
Joseph Piscina | director | 19500 JAMBOREE ROAD, IRVINE CA 92612 |
Obi Nwokorie | director, officer: EVP, CIO and Director | 19500 JAMBOREE ROAD, IRVINE CA 92612 |
Jon Gloeckner | other: SVP Treasury | 19500 JAMBOREE ROAD, IRVINE CA 92612 |
Thomas B Akin | 10 percent owner | 2400 BRIDGEWAY # 200, SUITE 200, SAUSALITO CA 94965 |
Joseph Joffrion | officer: SVP, General Counsel | 19500 JAMBOREE ROAD, IRVINE CA 92612 |
Katherine J. Blair | director | 228 MANHATTAN BEACH BOULEVARD, MANHATTAN BEACH CA 90266 |
Nima Vahdat | officer: General Counsel | 19500 JAMBOREE ROAD, IRVINE CA 92612 |
Paul Licon | other: Principal Accounting Officer | 19500 JAMBOREE ROAD, IRVINE CA 92612 |
Todd M Pickup | 10 percent owner | 1400 NEWPORT CENTER DRIVE, SUITE 230, NEWPORT BEACH CA 92660 |
Stewart B. Koenigsberg | director | 19500 JAMBOREE ROAD, IRVINE CA 92612 |
From GuruFocus
By PRNewswire PRNewswire • 08-15-2018
By Kyle Ferguson Kyle Ferguson • 11-17-2016
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