Angel Oak Mortgage REIT (Angel Oak Mortgage REIT) Cash-to-Debt : 0.03 (As of Dec. 2023)

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What is Angel Oak Mortgage REIT Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Angel Oak Mortgage REIT's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.03.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Angel Oak Mortgage REIT couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Angel Oak Mortgage REIT's Cash-to-Debt or its related term are showing as below:

AOMR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.03 Max: 0.53
Current: 0.03

During the past 5 years, Angel Oak Mortgage REIT's highest Cash to Debt Ratio was 0.53. The lowest was 0.02. And the median was 0.03.

AOMR's Cash-to-Debt is ranked worse than
72.65% of 797 companies
in the REITs industry
Industry Median: 0.08 vs AOMR: 0.03

Angel Oak Mortgage REIT Cash-to-Debt Historical Data

The historical data trend for Angel Oak Mortgage REIT's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Angel Oak Mortgage REIT Cash-to-Debt Chart

Angel Oak Mortgage REIT Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.05

0.53

0.03

0.02

0.03

Angel Oak Mortgage REIT Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial													0.03	0.04	0.03	0.03	0.03

Competitive Comparison of Angel Oak Mortgage REIT's Cash-to-Debt

For the REIT - Mortgage subindustry, Angel Oak Mortgage REIT's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt 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.

Angel Oak Mortgage REIT's Cash-to-Debt Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Angel Oak Mortgage REIT's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Angel Oak Mortgage REIT's Cash-to-Debt falls into.

Angel Oak Mortgage REIT Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Angel Oak Mortgage REIT's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	41.625	/	(0	+	1459.764)
	=	0.03

Angel Oak Mortgage REIT's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	41.625	/	(0	+	1459.764)
	=	0.03

Angel Oak Mortgage REIT (NYSE:AOMR) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Angel Oak Mortgage REIT Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Angel Oak Mortgage REIT's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Angel Oak Mortgage REIT (Angel Oak Mortgage REIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Angel Oak Mortgage REIT Inc (NYSE:AOMR) » Definitions » Cash-to-Debt

Comparable Companies

GPMT REFI SEVN NREF SACH AAIC AJX MITT LFT IVR NLY STWD AGNC RITM BXMT ABR RC ARI CMTG LADR

Traded in Other Exchanges

57V:Germany

Address

3344 Peachtree Road Northeast, Suite 1725, Atlanta, GA, USA, 30326

Website

https://www.angeloakms.com

Angel Oak Mortgage REIT Inc is a real estate finance company focused on acquiring and investing in the first lien non-QM loans and other mortgage-related assets in the U.S. mortgage market. Its objective is to generate attractive risk-adjusted returns for its stockholders, through cash distributions and capital appreciation, across interest rates and credit cycles.

Executives

Brandon Filson	officer: CFO & Treasurer	3344 PEACHTREE ROAD NE, SUITE 1725, ATLANTA GA 30326
Noelle Savarese	director	3344 PEACHTREE ROAD NE, SUITE 1725, ATLANTA GA 30326
Jonathan Morgan	director	15 BEACH DRIVE, DARIEN CT 06820
Sreeniwas Prabhu	officer: CEO & President	ANGEL OAK CAPITAL ADVISORS, 3060 PEACHTREE ROAD NW, SUITE 500, ATLANTA GA 30305
Davidson Kempner Capital Management Lp	10 percent owner	520 MADISON AVENUE, 30TH FLOOR, NEW YORK NY 10022
W D Minami	director	C/O NORTHSTAR REALTY FINANCE CORP., 399 PARK AVENUE, 18TH FLOOR, NEW YORK NY 10022
Christine Jurinich	director	100 BELLEVUE PARKWAY, WILMINGTON DE 19809
Nancy R Davis	director	3344 PEACHTREE ROAD NE, SUITE 1725, ATLANTA GA 30326
Xylem Finance Llc	10 percent owner	520 MADISON AVENUE, 30TH FLOOR, NEW YORK NY 10022
Nhtv Atlanta Holdings Lp	10 percent owner	1585 BROADWAY, NEW YORK NY 10036
Ms Tactical Value Fund Gp Inc.	10 percent owner	1585 BROADWAY, NEW YORK NY 10036
Ms Tactical Value Fund Gp Lp	10 percent owner	1585 BROADWAY, NEW YORK NY 10036
Project Atlanta Gp Llc	10 percent owner	1585 BROADWAY, NEW YORK NY 10036
Landon Parsons	director	3344 PEACHTREE ROAD NE, SUITE 1725, ATLANTA GA 30326
Edward Mclean Cummings	director, 10 percent owner	3344 PEACHTREE ROAD NE, SUITE 1725, ATLANTA GA 30326