Ellington Financial (Ellington Financial) Debt-to-Equity : 8.79 (As of Dec. 2023)

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What is Ellington Financial Debt-to-Equity?

Ellington Financial's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.0 Mil. Ellington Financial's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $13,333.9 Mil. Ellington Financial's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,517.1 Mil. Ellington Financial's debt to equity for the quarter that ended in Dec. 2023 was 8.79.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Ellington Financial's Debt-to-Equity or its related term are showing as below:

EFC' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.6 Med: 2.76 Max: 10.37
Current: 8.79

During the past 13 years, the highest Debt-to-Equity Ratio of Ellington Financial was 10.37. The lowest was 1.60. And the median was 2.76.

EFC's Debt-to-Equity is ranked worse than
98.51% of 672 companies
in the REITs industry
Industry Median: 0.78 vs EFC: 8.79

Ellington Financial Debt-to-Equity Historical Data

The historical data trend for Ellington Financial's Debt-to-Equity 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.

Ellington Financial Debt-to-Equity Chart

Ellington Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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3.95

2.70

2.82

10.37

8.79

Ellington Financial Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															10.37	9.15	9.46	9.63	8.79

Competitive Comparison of Ellington Financial's Debt-to-Equity

For the REIT - Mortgage subindustry, Ellington Financial's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.

Ellington Financial's Debt-to-Equity Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Ellington Financial's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Ellington Financial's Debt-to-Equity falls into.

Ellington Financial Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ellington Financial's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	13333.932)	/	1517.071
	=	8.79

Ellington Financial's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	13333.932)	/	1517.071
	=	8.79

Ellington Financial (NYSE:EFC) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Ellington Financial Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Ellington Financial's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Ellington Financial (Ellington Financial) Business Description

Industry

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

Comparable Companies

RWT KREF MFA NYMT TWO ARR FBRT DX CIM PMT NLY STWD AGNC RITM BXMT ABR RC CMTG ARI LADR

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