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Ready Capital (RC) Financials

Ready Capital logo
$4.14 -0.26 (-5.80%)
Closing price 03:59 PM Eastern
Extended Trading
$4.21 +0.06 (+1.47%)
As of 07:28 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
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Annual Income Statements for Ready Capital

Annual Income Statements for Ready Capital

This table shows Ready Capital's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Net Income / (Loss) Attributable to Common Shareholders		 -444 331 186 150 45 73 59 43 49 40 29
Consolidated Net Income / (Loss)		 -430 348 203 160 46 75 61 46 53 45 33
Net Income / (Loss) Continuing Operations		 -412 351 160 117 46 75 61 46 56 45 35
Total Pre-Tax Income 		-517 358 175 132 54 65 63 48 65 53 36
Total Revenue		 99 638 426 324 418 253 208 205 145 121 98
Net Interest Income / (Expense)		 201 229 271 191 83 78 60 64 79 101 74
Total Interest Income		 897 946 663 395 259 230 169 138 137 149 93
Investment Securities Interest Income		 897 946 663 395 259 230 169 138 137 - 4.83
Total Interest Expense		 696 716 392 204 175 152 109 75 58 48 19
Long-Term Debt Interest Expense		 696 716 392 204 175 152 109 75 58 48 15
Total Non-Interest Income		 -102 408 155 133 335 175 148 141 66 20 24
Other Service Charges		 51 106 56 6.86 42 11 65 7.41 9.16 20 11
Net Realized & Unrealized Capital Gains on Investments		 -169 282 87 109 239 49 55 111 48 - 13
Other Non-Interest Income		 17 21 11 18 54 114 27 23 8.66 - -
Provision for Credit Losses		 293 7.23 34 8.05 35 3.68 1.70 2.36 7.82 20 12
Total Non-Interest Expense		 323 272 216 184 329 184 144 155 72 54 50
Salaries and Employee Benefits		 94 92 85 69 99 57 61 59 28 22 15
Insurance Policy Acquisition Costs		 0.00 1.79 3.11 5.42 5.97 0.11 1.14 - - 0.97 -
Other Operating Expenses		 162 152 111 95 224 120 82 96 43 31 34
Impairment Charge		 57 8.64 4.03 - - - - - - - -
Restructuring Charge		 10 18 14 14 0.06 7.75 0.00 - - - -
Income Tax Expense		 -105 7.17 15 15 8.38 -11 1.39 1.84 9.65 7.81 0.90
Net Income / (Loss) Discontinued Operations		 -18 -2.83 44 43 - - - - -2.16 -0.65 -2.67
Preferred Stock Dividends Declared		 8.00 8.00 8.00 7.50 0.00 0.00 - - - - -
Net Income / (Loss) Attributable to Noncontrolling Interest		 5.36 8.96 8.90 2.23 1.20 2.09 2.20 2.52 4.24 4.39 3.39
Basic Earnings per Share		 ($2.63) $2.25 $1.73 $2.17 $0.81 $1.72 $1.84 $1.38 $1.85 $1.59 -
Weighted Average Basic Shares Outstanding		 169.11M 146.84M 106.88M 68.51M 53.74M 42.01M 32.09M 31.35M 26.65M 25.29M 24.60M
Diluted Earnings per Share		 ($2.63) $2.22 $1.65 $2.16 $0.81 $1.72 $1.84 $1.38 $1.85 $1.59 -
Weighted Average Diluted Shares Outstanding		 170.47M 148.57M 117.19M 68.66M 53.82M 42.05M 32.10M 31.35M 26.65M 25.29M 24.60M
Weighted Average Basic & Diluted Shares Outstanding		 163.15M 172.55M 110.73M 83.33M 54.43M 52.03M 32.20M 31.40M 26.65M 25.29M 24.60M
Cash Dividends to Common per Share		 $1.10 $1.46 $1.66 $1.66 $1.30 $1.60 $1.57 $1.48 $1.61 $1.78 -

Quarterly Income Statements for Ready Capital

This table shows Ready Capital's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022 Q1 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022 3/31/2022
Net Income / (Loss) Attributable to Common Shareholders		 -318 -11 -38 -76 7.76 44 247 33 9.46 61 -
Consolidated Net Income / (Loss)		 -315 -7.28 -34 -74 11 47 253 37 14 66 -
Net Income / (Loss) Continuing Operations		 -298 -7.47 -31 -76 25 44 245 39 -30 66 -
Total Pre-Tax Income 		-315 -16 -80 -106 26 46 247 39 -47 71 -
Total Revenue		 77 107 -31 -54 113 100 337 89 1.94 149 -
Net Interest Income / (Expense)		 50 51 51 49 53 59 61 57 64 71 -
Total Interest Income		 387 227 51 232 420 249 61 216 199 186 -
Investment Securities Interest Income		 204 227 234 232 250 249 231 216 199 186 -
Total Interest Expense		 337 176 0.00 184 368 190 0.00 159 135 115 -
Total Non-Interest Income		 27 56 -82 -103 60 41 276 32 -62 79 -
Other Service Charges		 14 15 6.60 15 48 19 19 20 25 16 -
Net Realized & Unrealized Capital Gains on Investments		 -1.04 -35 -11 -122 7.55 15 252 7.14 -59 38 -
Other Non-Interest Income		 19 71 -78 3.76 11 0.00 5.04 4.64 -29 24 -
Provision for Credit Losses		 285 53 -19 -27 6.69 -12 19 -6.73 34 3.43 -
Total Non-Interest Expense		 107 70 67 78 80 66 71 56 15 75 -
Salaries and Employee Benefits		 27 26 21 21 22 23 25 22 -2.01 28 -
Other Operating Expenses		 19 41 45 57 48 40 32 31 6.28 44 -
Restructuring Charge		 4.88 3.00 1.59 0.65 0.58 2.33 14 0.89 5.03 1.54 -
Income Tax Expense		 -17 -8.40 -49 -30 1.27 2.81 2.19 0.90 -17 4.78 -
Net Income / (Loss) Discontinued Operations		 -17 0.19 -2.77 1.42 -14 3.66 8.84 -1.53 - - -
Preferred Stock Dividends Declared		 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 2.00 -
Net Income / (Loss) Attributable to Noncontrolling Interest		 1.39 2.03 1.82 0.12 1.12 1.52 4.49 1.84 2.23 3.02 -
Basic Earnings per Share		 ($1.89) ($0.07) ($0.23) ($0.44) ($0.17) $0.25 $1.87 $0.30 $0.03 $0.53 -
Weighted Average Basic Shares Outstanding		 169.11M 168.34M 168.65M 172.03M 146.84M 171.97M 131.65M 110.67M 106.88M 114.37M -
Diluted Earnings per Share		 ($1.89) ($0.07) ($0.23) ($0.44) ($0.08) $0.25 $1.76 $0.29 $0.04 $0.50 -
Weighted Average Diluted Shares Outstanding		 170.47M 169.51M 169.86M 173.10M 148.57M 174.44M 141.58M 121.03M 117.19M 125.67M -
Weighted Average Basic & Diluted Shares Outstanding		 163.15M 168.53M 168.21M 168.87M 172.55M 172.12M 171.97M 110.75M 110.73M 110.51M -
Cash Dividends to Common per Share		 $0.25 $0.25 $0.30 $0.30 $0.30 $0.36 $0.40 $0.40 $0.40 $0.42 -

Annual Cash Flow Statements for Ready Capital

This table details how cash moves in and out of Ready Capital's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Net Change in Cash & Equivalents		 -80 -22 106 228 73 33 4.02 10 23 -15 -161
Net Cash From Operating Activities		 275 51 359 -34 69 -52 140 352 12 27 -262
Net Cash From Continuing Operating Activities		 286 59 274 -90 69 -52 140 352 16 29 -256
Net Income / (Loss) Continuing Operations		 -412 351 160 117 46 75 61 46 56 45 35
Consolidated Net Income / (Loss)		 -430 348 203 160 46 75 61 46 53 45 33
Net Income / (Loss) Discontinued Operations		 -18 - - - - - - - 2.16 0.65 2.67
Provision For Loan Losses		 295 16 38 9.35 35 3.68 1.70 - 7.82 20 12
Amortization Expense		 53 67 2.43 -24 34 14 15 15 1.48 -12 -28
Non-Cash Adjustments to Reconcile Net Income		 485 -246 119 -166 -132 -119 74 272 -22 -8.35 -268
Changes in Operating Assets and Liabilities, net		 -134 -87 -45 -27 87 -27 -13 20 -27 -16 -7.66
Net Cash From Discontinued Operating Activities		 -12 - - - - - - - - - -0.59
Net Cash From Investing Activities		 1,535 1,019 -1,556 -1,718 -59 -1,213 -581 -236 390 -187 -881
Net Cash From Continuing Investing Activities		 1,435 1,021 -1,552 -1,718 -59 -1,213 -581 -236 390 -187 -880
Purchase of Investment Securities		 -905 -1,004 -3,988 -4,038 -1,055 -781 -1,379 -671 -431 -702 -1,180
Sale of Property, Leasehold Improvements and Equipment		 67 78 7.52 42 17 19 1.63 4.80 6.63 7.57 -
Sale and/or Maturity of Investments		 2,288 1,957 2,448 4,409 979 857 797 432 777 509 318
Other Investing Activities, net		 -15 -9.05 -19 -2,130 0.00 -1,307 -0.56 -1.10 -2.32 -1.71 -19
Net Cash From Discontinued Investing Activities		 100 - - - - - - - - - -0.46
Net Cash From Financing Activities		 -1,880 -1,085 1,171 1,876 63 1,298 444 -107 -381 145 977
Net Cash From Continuing Financing Activities		 -1,839 -1,133 1,264 1,939 63 1,298 444 -107 -381 145 977
Issuance of Debt		 2,320 5,248 10,378 12,702 7,366 6,899 4,303 5,151 4,620 9,389 2,190
Issuance of Common Equity		 0.00 0.11 123 165 13 91 0.09 - - - -
Repayment of Debt		 -3,858 -6,103 -8,939 -10,718 -7,236 -5,599 -3,780 -5,209 -4,953 -9,207 -1,188
Repurchase of Common Equity		 -82 -18 -37 0.00 -9.24 0.00 0.00 -0.07 -0.00 - -
Payment of Dividends		 -206 -215 -188 -112 -57 -63 -51 -48 -47 -36 -17
Other Financing Activities, Net		 -13 -45 -73 11 -14 -29 -28 -0.06 -1.46 -2.70 -8.57
Net Cash From Discontinued Financing Activities		 -41 - - - - - - - - - -
Other Net Changes in Cash		 -70 -9.77 81 55 - - - - -1.72 -0.84 -
Cash Interest Paid		 659 661 355 186 156 126 96 62 55 45 18
Cash Income Taxes Paid		 -12 2.01 29 13 -8.48 -2.66 0.90 3.77 6.16 7.00 1.14

Quarterly Cash Flow Statements for Ready Capital

This table details how cash moves in and out of Ready Capital's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022 Q1 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022 3/31/2022
Net Change in Cash & Equivalents		 -53 -43 44 -27 -20 -83 166 -86 110 74 -
Net Cash From Operating Activities		 29 221 1.06 23 -30 44 38 -0.91 217 63 -
Net Cash From Continuing Operating Activities		 -1.88 238 34 16 -7.79 18 50 -1.14 132 63 -
Net Income / (Loss) Continuing Operations		 -298 -7.47 -31 -76 25 44 245 39 -30 66 -
Consolidated Net Income / (Loss)		 -315 -7.28 -34 -74 11 47 253 37 14 66 -
Net Income / (Loss) Discontinued Operations		 -17 0.19 -2.77 1.42 - - - - - - -
Provision For Loan Losses		 285 53 -18 -25 8.79 -9.49 22 -5.14 36 4.81 -
Amortization Expense		 14 15 -6.77 30 23 25 8.26 9.72 20 -7.44 -
Non-Cash Adjustments to Reconcile Net Income		 57 162 111 155 -1.70 -24 -231 11 110 17 -
Changes in Operating Assets and Liabilities, net		 -61 15 -21 -68 -21 -17 6.26 -55 -4.52 -18 -
Net Cash From Discontinued Operating Activities		 31 -17 -33 7.51 - - - - - - -
Net Cash From Investing Activities		 537 373 320 305 429 257 286 48 27 91 -
Net Cash From Continuing Investing Activities		 497 374 259 305 430 257 286 48 32 91 -
Purchase of Investment Securities		 -168 -197 -540 -0.63 -141 -370 -208 -285 -398 -2,851 -
Sale of Property, Leasehold Improvements and Equipment		 10 22 33 1.31 30 13 1.02 34 0.51 5.49 -
Sale and/or Maturity of Investments		 664 577 546 500 542 616 499 300 555 631 -
Other Investing Activities, net		 -11 -28 220 -196 -1.13 -1.68 -5.46 -0.78 0.54 2,303 -
Net Cash From Discontinued Investing Activities		 40 -0.75 61 -0.19 - - - - - - -
Net Cash From Financing Activities		 -608 -645 -267 -360 -429 -377 -182 -97 -266 -79 -
Net Cash From Continuing Financing Activities		 -548 -666 -278 -348 -450 -358 -194 -131 -173 -79 -
Issuance of Debt		 514 114 768 925 418 481 2,324 2,025 -12 2,514 -
Repayment of Debt		 -972 -722 -970 -1,193 -799 -804 -2,411 -2,089 -52 -2,535 -
Repurchase of Common Equity		 -43 - -20 -19 - -0.01 -18 0.00 -33 -3.82 -
Payment of Dividends		 -45 -54 -53 -54 -65 -26 -77 -47 -51 -51 -
Other Financing Activities, Net		 -1.48 -3.81 -2.23 -5.91 -3.68 -9.16 -13 -20 -25 -3.70 -
Net Cash From Discontinued Financing Activities		 -60 21 11 -12 - - - - - - -
Other Net Changes in Cash		 -42 -51 - - -22 - - -0.06 - - -
Cash Interest Paid		 138 166 177 178 189 160 167 145 137 93 -
Cash Income Taxes Paid		 0.01 -0.00 -12 0.22 1.47 -0.11 0.51 0.13 2.03 13 -

Annual Balance Sheets for Ready Capital

This table presents Ready Capital's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Total Assets		 10,142 12,441 11,621 9,534 5,372 4,977 3,037 2,524 2,605 2,330 792
Cash and Due from Banks		 144 139 147 230 139 68 54 63 60 42 34
Restricted Cash		 31 30 48 52 48 52 - - 20 15 7.14
Trading Account Securities		 201 163 151 241 168 151 125 95 352 463 249
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Loans Held for Sale		 242 - 124 553 340 188 - 216 182 - -
Other Assets		 9,525 12,028 11,151 8,459 2,159 4,518 2,857 2,149 1,991 1,809 65
Total Liabilities & Shareholders' Equity		 10,142 12,441 11,621 9,534 5,372 4,977 3,037 2,524 2,605 2,330 792
Total Liabilities		 8,198 9,794 9,722 8,245 4,538 4,132 2,473 1,968 2,053 1,850 599
Long-Term Debt		 7,735 9,188 9,208 8,010 2,465 2,193 1,476 1,871 1,956 1,605 467
Other Long-Term Liabilities		 462 555 514 235 167 1,939 997 85 85 56 29
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 - - - - - 0.00
Redeemable Noncontrolling Interest		 8.36 8.36 8.36 8.36 0.00 - - - - - -
Total Equity & Noncontrolling Interests		 1,936 2,638 1,890 1,281 834 845 564 555 552 480 193
Total Preferred & Common Equity		 1,838 2,540 1,791 1,276 815 825 545 536 513 441 173
Preferred Stock		 111 111 111 111 0.00 - - - - 0.13 0.00
Total Common Equity		 1,727 2,429 1,680 1,165 815 825 545 536 513 441 173
Common Stock		 2,250 2,322 1,684 1,162 850 823 540 539 513 447 164
Retained Earnings		 -505 124 4.99 8.60 -24 8.75 5.27 -3.39 -0.20 -5.90 9.03
Accumulated Other Comprehensive Income / (Loss)		 -19 -18 -9.37 -5.73 -9.95 -6.18 -0.92 - - - -
Noncontrolling Interest		 98 98 99 4.49 19 19 19 19 39 39 20

Quarterly Balance Sheets for Ready Capital

This table presents Ready Capital's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2024 Q2 2024 Q1 2024 Q3 2023 Q2 2023 Q1 2023 Q3 2022 Q1 2022 Q4 2021 Q3 2021
Period end date 9/30/2024 6/30/2024 3/31/2024 9/30/2023 6/30/2023 3/31/2023 9/30/2022 3/31/2022 12/31/2021 9/30/2021
Total Assets		 11,253 11,774 12,044 12,799 12,383 11,537 11,858 11,476 - 9,264
Cash and Due from Banks		 181 226 166 182 228 111 208 211 - 210
Restricted Cash		 31 - 25 - - 50 58 57 - 53
Trading Account Securities		 188 165 162 169 160 150 197 300 - 243
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Loans Held for Sale		 3,876 533 3,985 185 239 237 404 523 - 550
Other Assets		 6,976 10,851 7,706 12,263 11,757 10,990 10,992 10,385 - 8,209
Total Liabilities & Shareholders' Equity		 11,253 11,774 12,044 12,799 12,383 11,537 11,858 11,476 - 9,264
Total Liabilities		 8,915 9,374 9,535 10,100 9,672 9,649 9,881 9,509 - 8,027
Long-Term Debt		 8,193 11,087 4,198 12,236 11,859 9,437 9,606 9,140 - 7,792
Other Long-Term Liabilities		 722 546 568 184 182 212 275 369 - 235
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00
Redeemable Noncontrolling Interest		 8.36 8.36 8.36 8.36 8.36 8.36 8.36 8.36 - 8.36
Total Equity & Noncontrolling Interests		 2,330 2,392 2,500 2,691 2,703 1,880 1,969 1,959 - 1,229
Total Preferred & Common Equity		 2,233 2,293 2,403 2,592 2,603 1,780 1,867 1,851 - 1,210
Preferred Stock		 111 111 111 111 111 111 111 111 - 111
Total Common Equity		 2,122 2,182 2,291 2,481 2,492 1,669 1,756 1,740 - 1,099
Common Stock		 2,292 2,288 2,307 2,318 2,314 1,688 1,720 1,723 - 1,115
Retained Earnings		 -146 -92 -3.55 169 187 -6.53 40 22 - -10
Accumulated Other Comprehensive Income / (Loss)		 -24 -14 -12 -5.93 -9.28 -12 -4.51 -4.70 - -6.28
Noncontrolling Interest		 97 99 97 99 100 100 102 107 - 19

Annual Metrics And Ratios for Ready Capital

This table displays calculated financial ratios and metrics derived from Ready Capital's official financial filings.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015 12/31/2014
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -84.52% 49.79% 31.50% -22.52% 65.40% 21.37% 1.61% 41.52% 19.93% 23.51% 469.64%
EBITDA Growth		 -209.18% 139.46% 63.97% 22.98% 11.52% 0.77% 25.95% -6.77% 91.07% 314.11% 10.30%
EBIT Growth		 -244.11% 104.78% 32.43% 142.70% -15.58% 2.64% 31.88% -26.93% 37.82% 30.39% 380.44%
NOPAT Growth		 -202.94% 120.15% 36.02% 154.62% -38.62% 22.13% 34.14% -17.55% 37.09% 14.51% 368.57%
Net Income Growth		 -223.53% 71.49% 27.00% 247.25% -38.62% 22.13% 34.14% -14.22% 19.30% 36.81% 333.21%
EPS Growth		 -218.47% 34.55% -23.61% 166.67% -52.91% -6.52% 33.33% -25.41% 16.35% 0.00% 0.00%
Operating Cash Flow Growth		 437.48% -85.76% 1,142.79% -149.99% 231.48% -137.35% -60.20% 2,797.33% -55.26% 110.36% -1,962.65%
Free Cash Flow Firm Growth		 575.65% 77.12% 71.98% -2,631.22% 76.67% -306.06% 250.07% 166.47% 86.79% -1,121.38% 71.07%
Invested Capital Growth		 -18.21% 6.56% 19.44% 181.84% 8.61% 48.93% -15.93% -3.27% 10.97% 196.21% 25.42%
Revenue Q/Q Growth		 -26.44% 20.98% 15.35% -33.29% 10.01% 14.39% -24.20% 22.17% -5.00% 18.84% 70.23%
EBITDA Q/Q Growth		 -306.86% 21.92% -8.98% -31.22% 24.98% -1.82% -15.39% 3.21% -18.30% 226.70% -87.68%
EBIT Q/Q Growth		 -193.94% 25.73% -22.55% -17.62% 30.86% 23.41% -27.76% -6.50% -31.15% 19,644.63% -46.34%
NOPAT Q/Q Growth		 -193.94% 18.41% -20.38% -12.43% 16.80% 18.00% -5.01% -24.85% -23.56% 556.51% -14.66%
Net Income Q/Q Growth		 -310.82% -0.80% -16.42% 19.43% 16.80% 18.00% -5.01% -22.56% -25.50% 1,178.15% -15.31%
EPS Q/Q Growth		 -220.73% -5.13% -28.26% 7.46% 42.11% 1.78% -5.64% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 27.23% -82.83% 90.75% -201.74% 464.14% 12.34% -41.42% 42.41% -80.33% 108.45% -668.34%
Free Cash Flow Firm Q/Q Growth		 -58.10% 87.66% 29.97% -1.53% -122.68% 19.13% 242.24% 106.79% -157.39% -5,501.97% -0.62%
Invested Capital Q/Q Growth		 -8.09% -20.76% -4.12% 2.99% 6.38% -24.27% -27.32% -0.02% 420.62% 203.59% 7.12%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 -469.82% 66.63% 41.68% 33.42% 21.06% 31.23% 37.62% 30.35% 46.07% 28.92% 8.62%
EBIT Margin		 -523.02% 56.19% 41.10% 40.81% 13.03% 25.53% 30.19% 23.26% 45.05% 39.20% 37.13%
Profit (Net Income) Margin		 -435.82% 54.63% 47.71% 49.40% 11.02% 29.71% 29.52% 22.36% 36.89% 37.09% 33.48%
Tax Burden Percent		 83.33% 97.21% 116.08% 121.05% 84.60% 116.36% 97.79% 96.14% 81.89% 84.10% 90.17%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 112.50% 100.00%
Effective Tax Rate		 0.00% 2.00% 8.84% 11.24% 15.40% -16.36% 2.21% 3.86% 14.80% 14.67% 2.47%
Return on Invested Capital (ROIC)		 -3.36% 3.06% 1.56% 1.86% 1.45% 2.96% 2.75% 1.86% 2.33% 2.68% 5.16%
ROIC Less NNEP Spread (ROIC-NNEP)		 -4.17% 3.03% 2.07% 2.68% 1.45% 2.96% 2.75% 1.86% 2.21% 3.04% 4.63%
Return on Net Nonoperating Assets (RNNOA)		 -15.39% 12.27% 11.18% 13.21% 4.03% 7.70% 8.23% 6.42% 8.02% 10.61% 12.47%
Return on Equity (ROE)		 -18.75% 15.33% 12.75% 15.07% 5.49% 10.65% 10.98% 8.27% 10.35% 13.29% 17.63%
Cash Return on Invested Capital (CROIC)		 16.68% -3.29% -16.16% -93.38% -6.80% -36.36% 20.06% 5.19% -8.07% -96.36% -17.39%
Operating Return on Assets (OROA)		 -4.57% 2.98% 1.65% 1.77% 1.05% 1.61% 2.26% 1.86% 2.64% 3.03% 5.14%
Return on Assets (ROA)		 -3.81% 2.90% 1.92% 2.15% 0.89% 1.87% 2.21% 1.79% 2.16% 2.87% 4.63%
Return on Common Equity (ROCE)		 -16.97% 13.86% 11.38% 14.05% 5.36% 10.36% 10.60% 7.84% 9.56% 12.12% 15.80%
Return on Equity Simple (ROE_SIMPLE)		 -23.42% 13.72% 11.34% 12.54% 5.65% 9.09% 11.28% 8.55% 10.41% 10.14% 18.89%
Net Operating Profit after Tax (NOPAT)		 -362 351 160 117 46 75 61 46 56 41 35
NOPAT Margin		 -366.12% 55.07% 37.47% 36.22% 11.02% 29.71% 29.52% 22.36% 38.38% 33.58% 36.21%
Net Nonoperating Expense Percent (NNEP)		 0.81% 0.03% -0.51% -0.81% 0.00% 0.00% 0.00% 0.00% 0.12% -0.36% 0.53%
SG&A Expenses to Revenue		 95.09% 14.48% 19.85% 21.35% 23.67% 22.44% 29.21% 28.74% 19.68% 18.45% 15.51%
Operating Expenses to Revenue		 326.57% 42.67% 50.81% 56.70% 78.66% 73.01% 69.00% 75.59% 49.55% 44.53% 50.80%
Earnings before Interest and Taxes (EBIT)		 -517 358 175 132 54 65 63 48 65 47 36
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -464 425 177 108 88 79 78 62 67 35 8.43
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.67 0.63 0.55 0.70 0.53 0.46 0.40 0.41 0.09 0.10 0.26
Price to Tangible Book Value (P/TBV)		 0.67 0.63 0.55 0.70 0.53 0.46 0.40 0.41 0.09 0.10 0.30
Price to Revenue (P/Rev)		 11.64 2.41 2.18 2.51 1.03 1.52 1.06 1.06 0.33 0.36 0.46
Price to Earnings (P/E)		 0.00 4.63 4.99 5.41 9.57 5.25 3.72 5.02 0.98 1.08 1.54
Dividend Yield		 16.13% 16.38% 19.73% 15.04% 16.50% 18.83% 22.85% 21.79% 28.36% 29.11% 28.17%
Earnings Yield		 0.00% 21.60% 20.03% 18.49% 10.45% 19.04% 26.89% 19.92% 101.81% 92.17% 64.80%
Enterprise Value to Invested Capital (EV/IC)		 0.92 0.91 0.91 0.93 0.83 0.82 0.81 0.84 0.78 0.80 0.78
Enterprise Value to Revenue (EV/Rev)		 90.41 16.89 23.86 26.76 6.52 9.80 7.98 9.98 13.57 14.97 6.08
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 25.35 57.26 80.07 30.98 31.38 21.21 32.87 29.45 51.76 70.49
Enterprise Value to EBIT (EV/EBIT)		 0.00 30.05 58.06 65.57 50.07 38.39 26.43 42.90 30.11 38.18 16.37
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 30.67 63.69 73.87 59.18 32.99 27.03 44.62 35.34 44.58 16.79
Enterprise Value to Operating Cash Flow (EV/OCF)		 32.49 210.68 28.29 0.00 39.58 0.00 11.84 5.80 161.42 66.43 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 4.98 0.00 0.00 0.00 0.00 0.00 3.71 15.97 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 3.98 3.47 4.85 6.21 2.96 2.60 2.62 3.37 3.54 3.71 2.95
Long-Term Debt to Equity		 3.98 3.47 4.85 6.21 2.96 2.60 2.62 3.37 3.54 3.34 2.41
Financial Leverage		 3.69 4.05 5.40 4.93 2.77 2.60 2.99 3.46 3.62 3.49 2.70
Leverage Ratio		 4.92 5.29 6.64 7.02 6.16 5.69 4.97 4.63 4.78 4.64 3.81
Compound Leverage Factor		 4.92 5.29 6.64 7.02 6.16 5.69 4.97 4.63 4.78 5.21 3.81
Debt to Total Capital		 79.92% 77.64% 82.91% 86.14% 74.72% 72.19% 72.35% 77.11% 77.99% 78.76% 74.66%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 7.76% 13.50%
Long-Term Debt to Total Capital		 79.92% 77.63% 82.91% 86.14% 74.72% 72.19% 72.35% 77.11% 77.99% 71.00% 61.16%
Preferred Equity to Total Capital		 1.15% 0.94% 1.00% 1.20% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.00%
Noncontrolling Interests to Total Capital		 1.10% 0.90% 0.97% 0.14% 0.57% 0.64% 0.94% 0.80% 1.56% 1.72% 2.64%
Common Equity to Total Capital		 17.84% 20.52% 15.12% 12.53% 24.71% 27.17% 26.71% 22.09% 20.45% 19.52% 22.70%
Debt to EBITDA		 -16.67 21.62 51.89 74.01 28.01 27.79 18.84 30.09 29.33 51.00 67.59
Net Debt to EBITDA		 -16.30 21.23 50.79 71.41 25.89 26.28 18.15 29.07 28.14 49.39 62.73
Long-Term Debt to EBITDA		 -16.67 21.62 51.89 74.01 28.01 27.79 18.84 30.09 29.33 45.98 55.37
Debt to NOPAT		 -21.39 26.16 57.71 68.28 53.51 29.22 24.01 40.84 35.21 43.92 16.10
Net Debt to NOPAT		 -20.91 25.68 56.49 65.89 49.46 27.63 23.13 39.45 33.77 42.53 14.94
Long-Term Debt to NOPAT		 -21.39 26.16 57.71 68.28 53.51 29.22 24.01 40.84 35.21 39.60 13.19
Noncontrolling Interest Sharing Ratio		 9.49% 9.62% 10.76% 6.74% 2.27% 2.74% 3.45% 5.27% 7.56% 8.78% 10.42%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 1,794 -377 -1,648 -5,882 -215 -923 448 128 -192 -1,457 -119
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 2.58 -0.53 -4.20 -28.78 -1.23 -6.08 4.10 1.71 -3.33 -30.47 -6.20
Operating Cash Flow to Interest Expense		 0.39 0.07 0.92 -0.17 0.39 -0.35 1.28 4.72 0.21 0.57 -13.64
Operating Cash Flow Less CapEx to Interest Expense		 0.49 0.18 0.93 0.04 0.49 -0.22 1.30 4.79 0.33 0.73 -13.64
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.01 0.05 0.04 0.04 0.08 0.06 0.07 0.08 0.06 0.08 0.14
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 9,680 11,835 11,107 9,299 3,299 3,038 2,040 2,426 2,508 2,260 763
Invested Capital Turnover		 0.01 0.06 0.04 0.05 0.13 0.10 0.09 0.08 0.06 0.08 0.14
Increase / (Decrease) in Invested Capital		 -2,155 728 1,808 5,999 261 998 -386 -82 248 1,497 155
Enterprise Value (EV)		 8,928 10,772 10,161 8,665 2,726 2,476 1,661 2,044 1,964 1,807 594
Market Capitalization		 1,149 1,534 930 812 429 383 220 217 48 44 45
Book Value per Share		 $10.25 $14.11 $15.20 $15.83 $14.97 $18.30 $16.99 $16.75 $58.06 $55.35 $21.73
Tangible Book Value per Share		 $10.25 $14.11 $15.20 $15.83 $14.97 $18.30 $16.99 $16.75 $58.06 $55.23 $18.95
Total Capital		 9,680 11,835 11,107 9,299 3,299 3,038 2,040 2,426 2,508 2,260 763
Total Debt		 7,735 9,188 9,208 8,010 2,465 2,193 1,476 1,871 1,956 1,780 570
Total Long-Term Debt		 7,735 9,188 9,208 8,010 2,465 2,193 1,476 1,871 1,956 1,605 467
Net Debt		 7,561 9,020 9,012 7,729 2,278 2,073 1,421 1,807 1,877 1,724 529
Capital Expenditures (CapEx)		 -67 -78 -7.52 -42 -17 -19 -1.63 -4.80 -6.63 -7.57 0.00
Net Nonoperating Expense (NNE)		 69 2.83 -44 -43 0.00 0.00 0.00 0.00 2.16 -4.24 2.67
Net Nonoperating Obligations (NNO)		 7,735 9,188 9,208 8,010 2,465 2,193 1,476 1,871 1,956 1,780 570
Total Depreciation and Amortization (D&A)		 53 67 2.43 -24 34 14 15 15 1.48 -12 -28
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($2.63) $2.25 $1.73 $2.17 $0.81 $1.72 $1.84 $1.38 $0.00 ($0.16) $3.35
Adjusted Weighted Average Basic Shares Outstanding		 169.11M 146.84M 106.88M 68.51M 53.74M 42.01M 32.09M 31.35M 30.55M 7.97M 7.97M
Adjusted Diluted Earnings per Share		 ($2.63) $2.22 $1.66 $2.17 $0.81 $1.72 $1.84 $1.38 $0.00 ($0.16) $3.08
Adjusted Weighted Average Diluted Shares Outstanding		 170.47M 148.57M 117.19M 68.66M 53.82M 42.05M 32.10M 31.35M 30.55M 8.90M 10.68M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $1.72 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 163.15M 172.55M 110.73M 83.33M 54.43M 52.03M 32.12M 32.00M 26.65M 7.97M 7.97M
Normalized Net Operating Profit after Tax (NOPAT)		 -315 377 176 130 46 51 61 46 56 41 35
Normalized NOPAT Margin		 -318.89% 59.13% 41.25% 40.14% 11.04% 20.02% 29.52% 22.36% 38.38% 33.58% 36.21%
Pre Tax Income Margin		 -523.02% 56.19% 41.10% 40.81% 13.03% 25.53% 30.19% 23.26% 45.05% 44.10% 37.13%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -0.74 0.50 0.45 0.65 0.31 0.42 0.58 0.64 1.13 0.99 1.89
NOPAT to Interest Expense		 -0.52 0.49 0.41 0.57 0.26 0.49 0.56 0.61 0.96 0.85 1.84
EBIT Less CapEx to Interest Expense		 -0.65 0.61 0.47 0.85 0.41 0.55 0.59 0.70 1.24 1.15 1.89
NOPAT Less CapEx to Interest Expense		 -0.42 0.60 0.43 0.78 0.36 0.62 0.58 0.68 1.08 1.01 1.84
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 -47.88% 61.73% 92.45% 69.96% 123.48% 84.37% 83.50% 105.34% 87.77% 79.54% 52.92%
Augmented Payout Ratio		 -66.99% 66.93% 110.65% 69.96% 143.52% 84.37% 83.50% 105.49% 87.77% 79.54% 52.92%

Quarterly Metrics And Ratios for Ready Capital

This table displays calculated financial ratios and metrics derived from Ready Capital's official financial filings.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022 Q1 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022 3/31/2022
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -31.54% 7.56% -109.33% -160.95% 5,689.76% -33.13% 172.51% -41.31% 103.55% 3.89% -
EBITDA Growth		 -711.90% -101.31% -134.03% -253.62% 280.50% 12.70% 293.97% -35.67% -180.16% 25.21% -
EBIT Growth		 -1,313.05% -134.27% -132.43% -368.44% 154.76% -34.77% 256.11% -52.00% -1,432.15% 33.83% -
NOPAT Growth		 -992.86% -125.54% -122.90% -292.31% 174.39% -34.31% 314.71% -40.08% -403.97% 42.37% -
Net Income Growth		 -2,992.67% -115.43% -113.50% -300.57% -20.47% -28.79% 329.70% -42.46% -74.47% 42.37% -
EPS Growth		 -2,262.50% -128.00% -113.07% -251.72% -300.00% -50.00% 291.11% -56.06% -94.20% -16.67% -
Operating Cash Flow Growth		 198.34% 407.90% -97.23% 2,685.45% -113.66% -30.86% -40.80% -106.15% 370.42% 162.04% -
Free Cash Flow Firm Growth		 374.98% 232.78% 137.37% 2,623.58% 61.78% -32.98% 45.80% 96.67% 69.26% 57.69% -
Invested Capital Growth		 -18.21% -29.49% -7.43% -40.78% 6.56% 28.94% 25.84% 1.97% 19.44% 28.29% -
Revenue Q/Q Growth		 -28.13% 441.01% 41.86% -157.74% 12.91% -70.41% 279.63% 4,464.30% -98.70% 20.59% -
EBITDA Q/Q Growth		 -31,863.66% 98.92% -14.98% -271.01% -31.42% -71.89% 419.03% 280.41% -142.82% -1.75% -
EBIT Q/Q Growth		 -1,882.96% 80.16% 24.38% -601.94% -43.98% -81.22% 526.05% 183.15% -166.73% 2.52% -
NOPAT Q/Q Growth		 -1,882.96% 80.16% 24.38% -452.22% -43.28% -82.20% 535.00% 216.07% -150.08% 12.36% -
Net Income Q/Q Growth		 -4,224.10% 78.72% 53.89% -781.62% -76.94% -81.38% 585.20% 170.27% -79.35% 12.36% -
EPS Q/Q Growth		 -2,600.00% 69.57% 47.73% -450.00% -132.00% -85.80% 506.90% 625.00% -92.00% 11.11% -
Operating Cash Flow Q/Q Growth		 -86.81% 20,822.23% -95.49% 179.09% -168.10% 14.15% 4,305.73% -100.42% 244.58% -2.28% -
Free Cash Flow Firm Q/Q Growth		 -55.95% 327.84% -77.41% 4.21% 78.73% -20.42% -1,425.63% 90.22% 26.00% 50.92% -
Invested Capital Q/Q Growth		 -8.09% -21.92% 101.11% -0.88% -20.76% 2.51% 28.65% 1.97% -4.12% 0.04% -
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 -390.33% -0.88% 0.00% 0.00% 43.67% 71.90% 75.70% 55.37% -1,400.82% 42.66% -
EBIT Margin		 -408.57% -14.81% 0.00% 0.00% 23.06% 46.48% 73.25% 44.42% -2,438.17% 47.65% -
Profit (Net Income) Margin		 -408.46% -6.79% 0.00% 0.00% 9.67% 47.33% 75.22% 41.67% 703.81% 44.45% -
Tax Burden Percent		 99.97% 45.85% 42.75% 70.11% 41.92% 101.83% 102.69% 93.83% -28.87% 93.28% -
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% -
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 4.90% 6.06% 0.89% 2.29% 0.00% 6.72% -
Return on Invested Capital (ROIC)		 -2.63% -0.11% 0.00% 0.00% 1.22% 1.74% 3.20% 1.41% -71.23% 1.59% -
ROIC Less NNEP Spread (ROIC-NNEP)		 -3.74% -0.07% 0.00% 0.00% 1.07% 1.77% 3.28% 1.39% -70.69% 1.59% -
Return on Net Nonoperating Assets (RNNOA)		 -13.79% -0.29% 0.00% 0.00% 4.33% 8.26% 15.06% 6.69% -381.81% 8.62% -
Return on Equity (ROE)		 -16.42% -0.40% 0.00% 0.00% 5.55% 10.00% 18.26% 8.10% -453.04% 10.21% -
Cash Return on Invested Capital (CROIC)		 16.68% 33.62% 7.15% 53.86% -3.29% -23.04% -20.44% -0.76% -16.16% -22.84% -
Operating Return on Assets (OROA)		 -3.57% -0.17% 0.00% 0.00% 1.22% 1.99% 3.47% 1.40% -98.15% 1.67% -
Return on Assets (ROA)		 -3.57% -0.08% 0.00% 0.00% 0.51% 2.02% 3.57% 1.32% 28.33% 1.55% -
Return on Common Equity (ROCE)		 -14.86% -0.37% 0.00% 0.00% 5.01% 9.06% 16.53% 7.16% -404.28% 9.06% -
Return on Equity Simple (ROE_SIMPLE)		 0.00% -4.69% -2.19% 9.87% 0.00% 13.55% 14.22% 9.88% 0.00% 13.02% -
Net Operating Profit after Tax (NOPAT)		 -220 -11 -56 -74 25 44 245 39 -33 66 -
NOPAT Margin		 -286.00% -10.37% 0.00% 0.00% 21.93% 43.66% 72.59% 43.40% -1,706.72% 44.45% -
Net Nonoperating Expense Percent (NNEP)		 1.12% -0.04% -0.19% 0.00% 0.15% -0.03% -0.08% 0.02% -0.54% 0.00% -
SG&A Expenses to Revenue		 34.61% 23.81% 0.00% 0.00% 19.92% 23.05% 7.40% 24.85% -103.34% 18.57% -
Operating Expenses to Revenue		 138.71% 65.22% 0.00% 0.00% 71.00% 65.71% 20.99% 63.17% 796.45% 50.05% -
Earnings before Interest and Taxes (EBIT)		 -315 -16 -80 -106 26 46 247 39 -47 71 -
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -301 -0.94 -87 -75 49 72 255 49 -27 64 -
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.67 0.60 0.63 0.66 0.63 0.62 0.44 0.57 0.55 0.52 -
Price to Tangible Book Value (P/TBV)		 0.67 0.60 0.63 0.66 0.63 0.62 0.44 0.57 0.55 0.52 -
Price to Revenue (P/Rev)		 11.64 9.56 10.90 3.06 2.41 2.89 1.90 2.61 2.18 2.45 -
Price to Earnings (P/E)		 0.00 0.00 0.00 6.82 4.63 4.58 3.12 6.01 4.99 3.97 -
Dividend Yield		 16.13% 15.07% 15.40% 15.45% 16.38% 17.58% 16.41% 19.13% 19.73% 21.22% -
Earnings Yield		 0.00% 0.00% 0.00% 14.65% 21.60% 21.83% 32.08% 16.63% 20.03% 25.17% -
Enterprise Value to Invested Capital (EV/IC)		 0.92 0.90 0.92 0.86 0.91 0.92 0.89 0.92 0.91 0.90 -
Enterprise Value to Revenue (EV/Rev)		 90.41 70.62 98.34 11.60 16.89 26.17 22.45 28.75 23.86 28.36 -
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 19.11 25.35 39.59 38.02 69.54 57.26 53.69 -
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 26.92 30.05 48.41 41.79 78.94 58.06 46.32 -
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 24.20 30.67 46.52 40.53 78.07 63.69 52.24 -
Enterprise Value to Operating Cash Flow (EV/OCF)		 32.49 43.89 324.53 76.04 210.68 46.34 40.81 30.41 28.29 55.60 -
Enterprise Value to Free Cash Flow (EV/FCFF)		 4.98 2.21 12.42 1.18 0.00 0.00 0.00 0.00 0.00 0.00 -
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 3.98 3.50 4.62 1.67 3.47 4.53 4.37 5.00 4.85 4.86 -
Long-Term Debt to Equity		 3.98 3.50 4.62 1.67 3.47 4.53 4.37 5.00 4.85 4.86 -
Financial Leverage		 3.69 4.05 4.49 3.10 4.05 4.67 4.59 4.82 5.40 5.41 -
Leverage Ratio		 4.92 4.77 4.73 5.36 5.29 5.27 5.19 5.97 6.64 6.57 -
Compound Leverage Factor		 4.92 4.77 4.73 5.36 5.29 5.27 5.19 5.97 6.64 6.57 -
Debt to Total Capital		 79.92% 77.80% 82.20% 62.60% 77.64% 81.92% 81.39% 83.32% 82.91% 82.93% -
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -
Long-Term Debt to Total Capital		 79.92% 77.80% 82.20% 62.60% 77.63% 81.92% 81.39% 83.32% 82.91% 82.93% -
Preferred Equity to Total Capital		 1.15% 1.06% 0.83% 1.66% 0.94% 0.75% 0.76% 0.98% 1.00% 0.96% -
Noncontrolling Interests to Total Capital		 1.10% 1.00% 0.80% 1.57% 0.90% 0.72% 0.74% 0.96% 0.97% 0.95% -
Common Equity to Total Capital		 17.84% 20.15% 16.17% 34.17% 20.52% 16.61% 17.10% 14.73% 15.12% 15.16% -
Debt to EBITDA		 -16.67 -71.85 -267.66 13.98 21.62 35.10 34.83 62.82 51.89 49.27 -
Net Debt to EBITDA		 -16.30 -69.98 -262.19 13.34 21.23 34.58 34.16 61.75 50.79 47.91 -
Long-Term Debt to EBITDA		 -16.67 -71.85 -267.66 13.98 21.62 35.10 34.83 62.82 51.89 49.27 -
Debt to NOPAT		 -21.39 -66.61 -139.53 17.70 26.16 41.25 37.13 70.53 57.71 47.94 -
Net Debt to NOPAT		 -20.91 -64.88 -136.68 16.90 25.68 40.64 36.42 69.33 56.49 46.61 -
Long-Term Debt to NOPAT		 -21.39 -66.61 -139.53 17.70 26.16 41.25 37.13 70.53 57.71 47.94 -
Noncontrolling Interest Sharing Ratio		 9.49% 8.64% 0.00% 0.00% 9.62% 9.42% 9.44% 11.59% 10.76% 11.21% -
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 1,935 4,393 1,027 4,545 -704 -3,309 -2,748 -180 -1,841 -2,488 -
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -
Free Cash Flow to Firm to Interest Expense		 5.74 25.02 0.00 24.73 -1.91 -17.43 0.00 -1.13 -13.64 -21.54 -
Operating Cash Flow to Interest Expense		 0.09 1.26 0.00 0.13 -0.08 0.23 0.00 -0.01 1.61 0.55 -
Operating Cash Flow Less CapEx to Interest Expense		 0.12 1.39 0.00 0.13 0.00 0.30 0.00 0.21 1.61 0.59 -
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.01 0.01 0.01 0.04 0.05 0.04 0.05 0.03 0.04 0.04 -
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 9,680 10,531 13,488 6,707 11,835 14,936 14,570 11,325 11,107 11,583 -
Invested Capital Turnover		 0.01 0.01 0.01 0.05 0.06 0.04 0.04 0.03 0.04 0.04 -
Increase / (Decrease) in Invested Capital		 -2,155 -4,404 -1,083 -4,619 728 3,352 2,992 219 1,808 2,554 -
Enterprise Value (EV)		 8,928 9,480 12,461 5,740 10,772 13,799 12,945 10,445 10,161 10,468 -
Market Capitalization		 1,149 1,283 1,381 1,515 1,534 1,526 1,093 949 930 906 -
Book Value per Share		 $10.25 $12.61 $12.92 $13.32 $14.11 $14.43 $22.50 $15.07 $15.20 $15.35 -
Tangible Book Value per Share		 $10.25 $12.61 $12.92 $13.32 $14.11 $14.43 $22.50 $15.07 $15.20 $15.35 -
Total Capital		 9,680 10,531 13,488 6,707 11,835 14,936 14,570 11,325 11,107 11,583 -
Total Debt		 7,735 8,193 11,087 4,198 9,188 12,236 11,859 9,437 9,208 9,606 -
Total Long-Term Debt		 7,735 8,193 11,087 4,198 9,188 12,236 11,859 9,437 9,208 9,606 -
Net Debt		 7,561 7,980 10,861 4,008 9,020 12,054 11,631 9,276 9,012 9,341 -
Capital Expenditures (CapEx)		 -10 -22 -33 -1.31 -30 -13 -1.02 -34 -0.51 -5.49 -
Net Nonoperating Expense (NNE)		 94 -3.83 -22 0.11 14 -3.66 -8.84 1.53 -47 0.00 -
Net Nonoperating Obligations (NNO)		 7,735 8,193 11,087 4,198 9,188 12,236 11,859 9,437 9,208 9,606 -
Total Depreciation and Amortization (D&A)		 14 15 -6.77 30 23 25 8.26 9.72 20 -7.44 -
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($1.89) ($0.07) ($0.23) ($0.44) ($0.17) $0.25 $1.87 $0.30 $0.03 $0.53 -
Adjusted Weighted Average Basic Shares Outstanding		 169.11M 168.34M 168.65M 172.03M 146.84M 171.97M 131.65M 110.67M 106.88M 114.37M -
Adjusted Diluted Earnings per Share		 ($1.89) ($0.07) ($0.23) ($0.44) ($0.08) $0.25 $1.76 $0.29 $0.04 $0.50 -
Adjusted Weighted Average Diluted Shares Outstanding		 170.47M 169.51M 169.86M 173.10M 148.57M 174.44M 141.58M 121.03M 117.19M 125.67M -
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 -
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 163.15M 168.53M 168.21M 168.87M 172.55M 172.12M 171.97M 110.75M 110.73M 110.51M -
Normalized Net Operating Profit after Tax (NOPAT)		 -217 -9.02 -55 -74 25 46 258 39 -30 68 -
Normalized NOPAT Margin		 -281.57% -8.41% 0.00% 0.00% 22.42% 45.85% 76.70% 44.38% -1,525.70% 45.41% -
Pre Tax Income Margin		 -408.57% -14.81% 0.00% 0.00% 23.06% 46.48% 73.25% 44.42% -2,438.17% 47.65% -
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -0.93 -0.09 0.00 -0.58 0.07 0.24 0.00 0.25 -0.35 0.62 -
NOPAT to Interest Expense		 -0.65 -0.06 0.00 -0.40 0.07 0.23 0.00 0.24 -0.25 0.57 -
EBIT Less CapEx to Interest Expense		 -0.90 0.04 0.00 -0.57 0.15 0.31 0.00 0.46 -0.35 0.66 -
NOPAT Less CapEx to Interest Expense		 -0.62 0.06 0.00 -0.40 0.15 0.30 0.00 0.45 -0.24 0.62 -
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 -47.88% -215.94% -394.22% 93.71% 61.73% 57.36% 61.10% 114.09% 92.45% 70.05% -
Augmented Payout Ratio		 -66.99% -253.35% -472.13% 109.37% 66.93% 71.95% 75.97% 114.09% 110.65% 71.62% -

Frequently Asked Questions About Ready Capital's Financials

When does Ready Capital's financial year end?

According to the most recent income statement we have on file, Ready Capital's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Ready Capital's net income changed over the last 10 years?

Ready Capital's net income appears to be on a downward trend, with a most recent value of -$430.40 million in 2024, falling from $32.72 million in 2014. The previous period was $348.41 million in 2023. Find out what analysts predict for Ready Capital in the coming months.

How has Ready Capital revenue changed over the last 10 years?

Over the last 10 years, Ready Capital's total revenue changed from $97.74 million in 2014 to $98.76 million in 2024, a change of 1.0%.

How much debt does Ready Capital have?

Ready Capital's total liabilities were at $8.20 billion at the end of 2024, a 16.3% decrease from 2023, and a 1,268.6% increase since 2014.

How much cash does Ready Capital have?

In the past 10 years, Ready Capital's cash and equivalents has ranged from $33.79 million in 2014 to $229.53 million in 2021, and is currently $143.80 million as of their latest financial filing in 2024.

How has Ready Capital's book value per share changed over the last 10 years?

Over the last 10 years, Ready Capital's book value per share changed from 21.73 in 2014 to 10.25 in 2024, a change of -52.9%.


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This page (NYSE:RC) was last updated on 5/21/2025 by MarketBeat.com Staff
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