Ready Capital Financials

RC Stock  USD 7.39  0.14  1.93%   
Based on the analysis of Ready Capital's profitability, liquidity, and operating efficiency, Ready Capital Corp may be sliding down financialy. It has an above-average odds of going through some form of financial crisis next quarter. At present, Ready Capital's Total Stockholder Equity is projected to increase significantly based on the last few years of reporting. The current year's Net Debt is expected to grow to about 7.5 B, whereas Total Current Liabilities is forecasted to decline to about 247.4 M. Key indicators impacting Ready Capital's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Debt Equity Ratio2.442.8395
Fairly Down
Slightly volatile
Current Ratio0.750.7907
Notably Down
Slightly volatile
The essential information of the day-to-day investment outlook for Ready Capital includes many different criteria found on its balance sheet. An individual investor should monitor Ready Capital's cash flow, debt, and profitability to accurately make informed decisions on whether to invest in Ready Capital.

Cash And Equivalents

122.08 Million

  
Understanding current and past Ready Capital Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Ready Capital's financial statements are interrelated, with each one affecting the others. For example, an increase in Ready Capital's assets may result in an increase in income on the income statement.
Please note, the presentation of Ready Capital's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Ready Capital's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Ready Capital's management manipulating its earnings.

Ready Capital Stock Summary

Ready Capital competes with Blackstone Mortgage, Omega Healthcare, and Medical Properties. Ready Capital Corporation operates as a real estate finance company in the United States. Ready Capital Corporation was founded in 2007 and is headquartered in New York, New York. Ready Capital operates under REITMortgage classification in the United States and is traded on New York Stock Exchange. It employs 600 people.
Specialization
Real Estate, Financial Services
InstrumentUSA Stock View All
ExchangeNew York Stock Exchange
ISINUS75574U1016
CUSIP75574U101 86933G105 98886K108
LocationNew York; U.S.A
Business Address1251 Avenue of
SectorMortgage Real Estate Investment Trusts (REITs)
IndustryFinancials
BenchmarkDow Jones Industrial
Websitewww.readycapital.com
Phone212 257 4600
CurrencyUSD - US Dollar

Ready Capital Key Financial Ratios

Ready Capital Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets5.0B5.4B9.5B11.6B12.4B13.1B
Net Debt3.9B4.0B6.7B9.0B7.1B7.5B
Retained Earnings8.7M(24.2M)8.6M5.0M124.4M130.6M
Accounts Payable97.4M27.0M184.1M176.5M41.6M66.1M
Cash67.9M139.0M229.5M163.0M138.5M89.1M
Other Assets4.6B4.9B8.8B10.9B4.3B3.6B
Total Liab4.1B4.5B8.3B9.7B9.8B10.3B
Total Current Assets111.2M156.3M237.4M289.9M272.9M270.2M
Other Current Liab(477.6M)(570.0M)(656.0M)(176.5M)153.6M161.3M
Net Receivables43.3M17.3M7.9M8.2M131.3M137.9M
Other Current Assets(246.2M)(273.2M)(406.6M)(418.5M)(168.6M)(160.2M)
Net Tangible Assets825.4M815.4M1.2B1.6B1.9B2.0B
Long Term Debt1.3B1.5B7.0B9.3B7.1B7.4B
Long Term Debt Total1.3B1.5B7.9B9.3B10.7B11.3B
Capital Surpluse822.8M849.5M1.2B1.7B1.9B2.0B
Inventory58.6M45.3M42.3M117.1M7.2M6.9M
Short Term Debt380.2M543.0M471.9M457.8M149.9M142.4M
Intangible Assets122.0M114.7M204.6M279.3M120.6M123.5M

Ready Capital Key Income Statement Accounts

201920202021202220232024 (projected)
Interest Expense151.9M175.5M213.6M400.8M716.5M752.3M
Total Revenue146.1M270.1M383.4M460.2M1.1B1.2B
Gross Profit113.0M215.8M325.0M404.9M1.1B1.2B
Operating Income62.4M53.3M186.8M624.8M879.3M923.3M
Ebit62.4M53.3M186.8M414.2M879.3M923.3M
Ebitda62.4M86.8M163.3M644.8M899.6M944.5M
Cost Of Revenue33.2M54.4M58.4M55.3M40.8M42.0M
Income Before Tax64.5M54.5M189.1M232.9M358.4M376.3M
Net Income73.0M44.9M157.7M194.3M339.5M356.4M
Income Tax Expense(10.6M)8.4M29.1M29.7M7.2M7.5M
Minority Interest2.1M1.2M(2.2M)(8.9M)(10.1M)(9.6M)
Research Development4.8M6.7M8.0M9.0M7.4M4.0M
Tax Provision(10.6M)8.4M29.1M29.7M6.3M10.2M
Interest Income229.9M16.2M403.5M121.7M908.1M953.5M
Net Interest Income78.0M83.2M189.9M270.4M240.1M146.4M

Ready Capital Key Cash Accounts

201920202021202220232024 (projected)
Change In Cash33.0M72.5M122.8M(26.3M)(11.1M)(10.5M)
Free Cash Flow(53.3M)68.9M(3.7B)359.1M54.1M56.8M
Depreciation14.4M33.6M(23.6M)15.1M20.2M21.2M
Other Non Cash Items(113.8M)(54.4M)(184.1M)176.8M(221.5M)(210.4M)
Dividends Paid63.3M56.9M111.9M187.8M215.1M225.8M
Capital Expenditures894K329K3.7B11.0M929.1M975.5M
Net Income75.1M46.1M160.0M203.2M351.2M368.8M
End Period Cash Flow128.0M200.5M323.3M297.0M262.5M143.0M
Investments(745.3M)(263.0M)2.0B(1.6B)617.3M648.2M
Net Borrowings387.7M165.6M2.0B1.3B1.5B1.6B
Change To Netincome(40.6M)32.2M(185.8M)178.1M204.8M215.1M
Change Receivables(2.1M)7.6M(10K)9.5M10.9M11.5M

Ready Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Ready Capital's current stock value. Our valuation model uses many indicators to compare Ready Capital value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Ready Capital competition to find correlations between indicators driving Ready Capital's intrinsic value. More Info.
Ready Capital Corp is currently regarded as top stock in return on equity category among its peers. It also is currently regarded as top stock in return on asset category among its peers . At present, Ready Capital's Return On Equity is projected to slightly decrease based on the last few years of reporting. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Ready Capital's earnings, one of the primary drivers of an investment's value.

Ready Capital Corp Systematic Risk

Ready Capital's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Ready Capital volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was three with a total number of output elements of fifty-eight. The Beta measures systematic risk based on how returns on Ready Capital Corp correlated with the market. If Beta is less than 0 Ready Capital generally moves in the opposite direction as compared to the market. If Ready Capital Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Ready Capital Corp is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Ready Capital is generally in the same direction as the market. If Beta > 1 Ready Capital moves generally in the same direction as, but more than the movement of the benchmark.

Ready Capital Thematic Clasifications

Ready Capital Corp is part of Trading investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. USA Equities from Trading industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions
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This theme covers USA Equities from Trading industry as classified by Fama & French. Fama and French investing themes focus on testing asset pricing under different economic assumptions. Get More Thematic Ideas
Today, most investors in Ready Capital Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Ready Capital's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Ready Capital growth as a starting point in their analysis.

Price Earnings To Growth Ratio

0.13

At present, Ready Capital's Price Earnings To Growth Ratio is projected to increase slightly based on the last few years of reporting.

Ready Capital November 25, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Ready Capital help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Ready Capital Corp. We use our internally-developed statistical techniques to arrive at the intrinsic value of Ready Capital Corp based on widely used predictive technical indicators. In general, we focus on analyzing Ready Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Ready Capital's daily price indicators and compare them against related drivers.

Complementary Tools for Ready Stock analysis

When running Ready Capital's price analysis, check to measure Ready Capital's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ready Capital is operating at the current time. Most of Ready Capital's value examination focuses on studying past and present price action to predict the probability of Ready Capital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ready Capital's price. Additionally, you may evaluate how the addition of Ready Capital to your portfolios can decrease your overall portfolio volatility.
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