Ellington Financial (Ellington Financial) LT-Debt-to-Total-Asset : 0.87 (As of Mar. 2024)

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What is Ellington Financial LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Ellington Financial's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.87.

Ellington Financial's long-term debt to total assets ratio declined from Mar. 2023 (0.88) to Mar. 2024 (0.87). It may suggest that Ellington Financial is progressively becoming less dependent on debt to grow their business.

Ellington Financial LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ellington Financial's LT-Debt-to-Total-Asset 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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Ellington Financial LT-Debt-to-Total-Asset Chart

Ellington Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.76

0.70

0.88

0.87

Ellington Financial Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.88	0.88	0.88	0.87	0.87

Ellington Financial LT-Debt-to-Total-Asset Calculation

Ellington Financial's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	13333.932	/	15315.93
	=	0.87

Ellington Financial's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	13158.213	/	15132.6
	=	0.87

Ellington Financial (NYSE:EFC) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Ellington Financial LT-Debt-to-Total-Asset Related Terms

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Ellington Financial (Ellington Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Ellington Financial Inc (NYSE:EFC) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

EFCpA.PFD:USA 1EL:Germany 1EL:Germany

Address

53 Forest Avenue, Old Greenwich, CT, USA, 06870

Website

http://www.ellingtonfinancial.com

Ellington Financial Inc is a specialty finance company. Its primary investment objective is to generate attractive, risk-adjusted total returns for its shareholders by making investments. the Company has two reportable segments; The Investment Portfolio Segment is focused on investing in a diverse array of financial assets, including residential and commercial mortgage loans, residential mortgage-backed securities, non-mortgage- and mortgage-related derivatives, debt and equity investments in loan origination companies, and other strategic investments, and The Longbridge Segment is focused on the origination and servicing of reverse mortgage loans. it acquires reverse mortgage loans both through its origination activities and through secondary market purchases.

Executives

Lisa Mumford	officer: Chief Financial Officer	6 BEACHWOOD COURT, DIX HILLS NY 11746
Stephen J Dannhauser	director	122 WEST 55TH STREET, NEW YORK NY 10019
Laurence Penn	director, officer: CEO and President	52 FOREST AVENUE, OLD GREENWICH CT 06870
Ronald I Simon	director	485 MADISON AVENUE, 14TH FLOOR, NEW YORK NY 10022
Michael W Vranos	director, 10 percent owner, officer: Co-Chief Investment Officer	52 FOREST AVENUE, OLD GREENWICH CT 06870
Chris Smernoff	officer: Chief Accounting Officer	53 FOREST AVENUE, OLD GREENWICH CT 06870
John Herlihy	officer: Chief Financial Officer	53 FOREST AVENUE, OLD GREENWICH CT 06870
Mark Tecotzky	officer: Co-Chief Investment Officer	53 FOREST AVENUE, OLD GREENWICH CT 06870
Thomas F Robards	director	666 THIRD AVENUE, 5TH FLOOR, NEW YORK NY 10017
Daniel R. Margolis	officer: Secretary	53 FOREST AVENUE, OLD GREENWICH CT 06870
Edward Resendez	director	52 FOREST AVENUE, OLD GREENWICH CT 06870
Vc Investments Llc	10 percent owner	53 FOREST AVENUE, 2ND FLOOR, OLD GREENWICH CT 06870
Emg Holdings, L.p.	10 percent owner	53 FOREST AVENUE, OLD GREENWICH CT 06870
Fbr Capital Markets Pt Inc	10 percent owner	1001 NINETEENTH STREET NORTH, ARLINGTON VA 22302