Two Harbors Investment (Two Harbors Investment) Capex-to-Operating-Cash-Flow : 0.10 (As of Dec. 2023)

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What is Two Harbors Investment Capex-to-Operating-Cash-Flow?

Capex-to-Operating-Cash-Flow assesses how much of a company’s cash flow from operations is being devoted to capital expenditure. It’s also useful to distinguish whether the company is capital intensive or not.

Two Harbors Investment's Capital Expenditure for the three months ended in Dec. 2023 was $-11.04 Mil. Its Cash Flow from Operations for the three months ended in Dec. 2023 was $109.74 Mil.

Hence, Two Harbors Investment's Capex-to-Operating-Cash-Flow for the three months ended in Dec. 2023 was 0.10.

Two Harbors Investment Capex-to-Operating-Cash-Flow Historical Data

The historical data trend for Two Harbors Investment's Capex-to-Operating-Cash-Flow 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.

* Premium members only.

Two Harbors Investment Capex-to-Operating-Cash-Flow Chart

Two Harbors Investment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Capex-to-Operating-Cash-Flow

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0.58

0.99

1.75

1.01

0.91

Two Harbors Investment Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Capex-to-Operating-Cash-Flow	Get a 7-Day Free Trial															0.13	1,021.23	1.62	0.04	0.10

Competitive Comparison of Two Harbors Investment's Capex-to-Operating-Cash-Flow

For the REIT - Mortgage subindustry, Two Harbors Investment's Capex-to-Operating-Cash-Flow, along with its competitors' market caps and Capex-to-Operating-Cash-Flow 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.

Two Harbors Investment's Capex-to-Operating-Cash-Flow Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Two Harbors Investment's Capex-to-Operating-Cash-Flow distribution charts can be found below:

* The bar in red indicates where Two Harbors Investment's Capex-to-Operating-Cash-Flow falls into.

Two Harbors Investment Capex-to-Operating-Cash-Flow Calculation

Two Harbors Investment's Capex-to-Operating-Cash-Flow for the fiscal year that ended in Dec. 2023 is calculated as

Capex-to-Operating-Cash-Flow	=	- Capital Expenditure	/	Cash Flow from Operations
	=	- (-312.637)	/	343.509
	=	0.91

Two Harbors Investment's Capex-to-Operating-Cash-Flow for the quarter that ended in Dec. 2023 is calculated as

Capex-to-Operating-Cash-Flow	=	- Capital Expenditure	/	Cash Flow from Operations
	=	- (-11.043)	/	109.739
	=	0.10

Two Harbors Investment (NYSE:TWO) Capex-to-Operating-Cash-Flow Explanation

Capex-to-Operating-Cash-Flow ratio assesses how much of a company’s Cash Flow from Operations is being devoted to Capital Expenditure. It is a good indicator in terms of how much the company is focused on growth. In general, a high Capex-to-Operating-Cash-Flow ratio indicates that the company is investing more in physical assets and is focused on growth and expansion. Conversely, lower ratio could indicate that a company has reached maturity and is no longer pursuing aggressive growth.

Moreover, the ratio is also useful to distinguish whether the company is capital intensive or not. If the ratio is large, then the company tends to be capital intensive. Lower ratio suggests that it’s a capital-light business. The ratio can be combined with ROIC % to identify whether the company is an asset-light business that has a high return on invested capital. This is one question investors commonly ask to see if a company qualifies as a good company.

Two Harbors Investment Capex-to-Operating-Cash-Flow Related Terms

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Two Harbors Investment (Two Harbors Investment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Two Harbors Investment Corp (NYSE:TWO) » Definitions » Capex-to-Operating-Cash-Flow

Comparable Companies

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Traded in Other Exchanges

TWOpC.PFD:USA TWOpB.PFD:USA TWOpA.PFD:USA 2H2:Germany

Address

1601 Utica Avenue South, Suite 900, St. Louis Park, MN, USA, 55416

Website

https://www.twoharborsinvestment.com

Two Harbors Investment Corp is a real estate investment trust primarily focused on investing in, financing, and managing residential mortgage-backed securities, or RMBS; residential mortgage loans; mortgage servicing rights; and commercial real estate. The majority of the company's investment portfolio is split between agency RMBS purchased from government-sponsored enterprises and nonagency RMBS. Two Harbors derives nearly all of its revenue in the form of interest income collected from its investments. Most of this income is generated by available-for-sale securities, while residential mortgage loans held for investment in securitization trusts also contribute a sizable amount.

Executives

Nicholas Letica	officer: Vice Pres. & Chief Inv. Off.	1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416
Robert Rush	officer: Vice President & CRO	1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416
Jason Vinar	officer: Vice President & Head of MSR	1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416
Matthew Keen	officer: Vice President & CTO	1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416
Alecia Hanson	officer: Vice President & CAO	1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416
William Ross Greenberg	officer: Co-Chief Investment Officer	1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416
Mary Kathryn Riskey	officer: Chief Accounting Officer	1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416
Rebecca B Sandberg	officer: General Counsel and Secretary	1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416
David B Hughes	other: EVP Servicing Ops RoundPoint	1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416
Nathan Boucher	other: EVP General Counsel RoundPoint	1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416
Spencer Abraham	director	600 14TH STREET, NW, SUITE 500, WASHINGTON DC 20005
James J Bender	director	1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416
Stephen G Kasnet	director	1601 UTICA AVENUE SOUTH, SUITE 900, ST. LOUIS PARK MN 55416
Matthew Koeppen	officer: Co-Chief Investment Officer	601 CARLSON PARKWAY, SUITE 1400, MINNETONKA MN 55305
Thomas Siering	director, officer: Chief Executive Officer & Pres	TWO HARBORS INVESTMENT CORP., 601 CARLSON PARKWAY, SUITE 1400, MINNETONKA MN 55305