Ready Capital (RC) Non Operating Interest Expenses (2012 - 2024)
Ready Capital (RC) posted Non Operating Interest Expenses of $183.81 million for Q1 2024, up 15.7% from $158.87 million a year earlier but down 4.2% from the prior quarter.
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Analysis
Ready Capital (RC) Non Operating Interest Expenses (2012 - 2024) Analysis & Trends
For the trailing twelve months through Mar 31, 2024, Non Operating Interest Expenses at Ready Capital was $739.88 million, up 50.9% year-over-year; for FY2023, it was $716.47 million, up 82.6% from FY2022.
- Annual Non Operating Interest Expenses has increased for 12 consecutive years, with a five-year compound annual growth rate of 45.7% (FY2018 to FY2023).
- In prior years, Ready Capital's Non Operating Interest Expenses was $392.36 million in FY2022 (+92.0%), $204.37 million in FY2021 (+16.5%), $175.48 million in FY2020 (+15.5%) and $151.88 million in FY2019 (+39.0%).
- Quarterly Non Operating Interest Expenses has run from a low of $35.75 million in Q2 2019 to a high of $191.93 million in Q4 2023 over five years.
- On a year-over-year basis, Non Operating Interest Expenses has increased in each of the last 45 quarters, with growth averaging 94.3% over the last eight quarters.
- Across the past five years, year-over-year growth in Non Operating Interest Expenses ran from 0.9% in Q4 2020 to 181.0% in Q4 2022.
- According to Business Quant data, Non Operating Interest Expenses for the three prior quarters was $191.93 million (Q4 2023), $191.61 million (Q3 2023) and $172.53 million (Q2 2023).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non Operating Interest Expenses (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.26 Bn | 28.94 Bn | - | 374.00 Mn |
| 2 | Orix | 42.40 Bn | 42.90 Bn | - | 281.69 Mn |
| 3 | Royalty Pharma | 33.56 Bn | 33.47 Bn | - | 93.62 Mn |
| 4 | Federal National Mortgage Association Fannie Mae | 24.47 Bn | 24.47 Bn | - | - |
| 5 | Affirm Holdings | 23.34 Bn | 17.03 Bn | - | 118.51 Mn |
| 6 | Synchrony Financial | 23.06 Bn | -44.91 Bn | - | - |
| 7 | Royal Gold | 19.98 Bn | 19.21 Bn | 390.45 Mn | 10.01 Mn |
| 8 | Annaly Capital Management | 14.18 Bn | 5.27 Bn | - | 1.32 Bn |
| 9 | Ares Capital | 13.71 Bn | 11.15 Bn | - | 214.00 Mn |
| 10 | Ready Capital | 191.64 Mn | -488.28 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2024 | 183.81 Mn |
| Dec 31, 2023 | 191.93 Mn |
| Sep 30, 2023 | 191.61 Mn |
| Jun 30, 2023 | 172.53 Mn |
| Mar 31, 2023 | 158.87 Mn |
| Dec 31, 2022 | 135.02 Mn |
| Sep 30, 2022 | 115.50 Mn |
| Jun 30, 2022 | 80.83 Mn |
| Mar 31, 2022 | 61.02 Mn |
| Dec 31, 2021 | 48.06 Mn |
| Sep 30, 2021 | 50.14 Mn |
| Jun 30, 2021 | 55.42 Mn |
| Mar 31, 2021 | 50.76 Mn |
| Dec 31, 2020 | 41.32 Mn |
| Sep 30, 2020 | 43.82 Mn |
| Jun 30, 2020 | 43.41 Mn |
| Mar 31, 2020 | 46.93 Mn |
| Dec 31, 2019 | 40.96 Mn |
| Sep 30, 2019 | 39.39 Mn |
| Jun 30, 2019 | 35.75 Mn |
API Access
Ready Capital Non Operating Interest Expenses 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-operating-interest-expenses&ticker=RC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "non-operating-interest-expenses", "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-operating-interest-expenses&ticker=RC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();