Ready Capital (RC) Net Long-Term Debt Issued (Repaid) (2016 - 2026)
Ready Capital (RC) recorded Non-Current Debt of $598.74 million in Q3 2026, down 17.0% from $721.15 million a year earlier and down 17.3% from the prior quarter.
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Analysis
Ready Capital (RC) Net Long-Term Debt Issued (Repaid) (2016 - 2026) Analysis & Trends
At the end of FY2025, Ready Capital reported Non-Current Debt of $722.73 million, up 65.1% from FY2024.
- Annual Non-Current Debt has increased for four straight years, though with a five-year compound annual growth rate of -11.0% (FY2020 to FY2025).
- Across earlier years, Non-Current Debt came in at $437.85 million in FY2024 (+26.9%), $345.13 million in FY2023 (+0.5%), $343.36 million in FY2022 (+0.4%) and $342.04 million in FY2021 (-73.6%).
- The Q3 2026 figure is the lowest quarterly Non-Current Debt since Q4 2024.
- On a year-over-year basis, Non-Current Debt rose in five of the last eight quarters, with growth averaging 1.2%.
- Peak year-over-year performance for Non-Current Debt in the last five years was growth of 599.5% in Q2 2023, against a decline of 83.4% in Q1 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $723.92 million (Q2 2026), $723.71 million (Q1 2026) and $722.73 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net LT Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Royalty Pharma | 39.80 Bn | 40.13 Bn | - | - |
| 2 | Rocket Companies | 38.90 Bn | 27.72 Bn | - | - |
| 3 | Orix | 38.66 Bn | 9.30 Bn | 13.83 Bn | 6.06 Bn |
| 4 | Federal National Mortgage Association Fannie Mae | 26.46 Bn | -16,107.65 Bn | - | -54.25 Bn |
| 5 | Synchrony Financial | 22.47 Bn | -45.15 Bn | - | 589.00 Mn |
| 6 | Affirm Holdings | 22.07 Bn | 15.11 Bn | - | 467.47 Mn |
| 7 | Royal Gold | 21.71 Bn | 20.92 Bn | 402.46 Mn | -250.00 Mn |
| 8 | Ares Capital | 13.84 Bn | 11.59 Bn | - | -463.00 Mn |
| 9 | Annaly Capital Management | 13.83 Bn | 4.86 Bn | - | 1.66 Bn |
| 10 | Ready Capital | 135.44 Mn | -449.48 Mn | - | -224.55 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -224.55 Mn |
| Jun 30, 2026 | 12.35 Mn |
| Mar 31, 2026 | -793.07 Mn |
| Dec 31, 2025 | -175.55 Mn |
| Sep 30, 2025 | -287.27 Mn |
| Jun 30, 2025 | -1.21 Bn |
| Mar 31, 2025 | -897.08 Mn |
| Dec 31, 2024 | -313.53 Mn |
| Sep 30, 2024 | -477.08 Mn |
| Jun 30, 2024 | -316.79 Mn |
| Mar 31, 2024 | -365.83 Mn |
| Dec 31, 2023 | -308.64 Mn |
| Sep 30, 2023 | -331.03 Mn |
| Jun 30, 2023 | 16.34 Mn |
| Mar 31, 2023 | 332.94 Mn |
| Dec 31, 2022 | 349.15 Mn |
| Sep 30, 2022 | -159.09 Mn |
| Jun 30, 2022 | 563.71 Mn |
| Mar 31, 2022 | 328.05 Mn |
| Dec 31, 2021 | -191.32 Mn |
API Access
Ready Capital Net Long-Term Debt Issued (Repaid) API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=non-current-debt&ticker=RC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "non-current-debt", "ticker": "RC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=non-current-debt&ticker=RC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();