Ready Capital (RC) Non Operating Interest Expenses (2012 - 2024)
Ready Capital (RC) posted Non Operating Interest Expenses of $17.8 million for Q2 2024, down 90.33% on a QoQ basis from $183.8 million in Q1 2024, and up 278.9% year-over-year from $4.7 million in Q3 2023.
Analysis
Ready Capital (RC) Non Operating Interest Expenses (2012 - 2024) Analysis & Trends
Ready Capital has reported Non Operating Interest Expenses for 13 years, with the latest figure at $17.8 million in Q2 2024.
- On a quarterly basis, Non Operating Interest Expenses rose 278.9% year-over-year to $17.8 million in Q2 2024; TTM through Jun 2024 was $585.1 million, a 41.31% increase from a year earlier, with the FY2023 full-year figure at $716.5 million, up 82.6% from the prior year.
- Non Operating Interest Expenses was $17.8 million for Q2 2024 at Ready Capital, down from $183.8 million in the prior quarter.
- The five-year high for Non Operating Interest Expenses was $191.9 million in Q4 2023, with the low at $4.7 million in Q2 2023.
- Average Non Operating Interest Expenses over 5 years is $84.5 million, with a median of $53.1 million recorded in 2021.
- The sharpest annual moves came in 2023 and 2024: Non Operating Interest Expenses plunged 94.19% in 2023, then jumped 278.9% in 2024.
- Over 5 years, Non Operating Interest Expenses stood at $41.3 million in 2020, then gained by 16.3% to $48.1 million in 2021, then jumped by 180.97% to $135.0 million in 2022, then surged by 42.15% to $191.9 million in 2023, then tumbled by 90.74% to $17.8 million in 2024.
- The last three Non Operating Interest Expenses figures came in at $17.8 million (Q2 2024), $183.8 million (Q1 2024), and $191.9 million (Q4 2023), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non Operating Interest Expenses (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 16.87 Bn | 13.96 Bn | - | 1.32 Bn |
| 2 | AGNC Investment | 12.43 Bn | 11.10 Bn | - | - |
| 3 | Starwood Property Trust | 5.84 Bn | 3.67 Bn | - | - |
| 4 | Rithm Capital | 5.57 Bn | 5.57 Bn | - | 464.11 Mn |
| 5 | Dynex Capital | 2.88 Bn | 2.27 Bn | - | - |
| 6 | Two Harbors Investment | 2.65 Bn | 2.01 Bn | - | - |
| 7 | Blackstone Mortgage Trust | 2.35 Bn | 1.91 Bn | - | - |
| 8 | Armour Residential REIT | 2.11 Bn | 2.02 Bn | - | - |
| 9 | Ellington Financial | 1.71 Bn | 1.46 Bn | - | 98.55 Mn |
| 10 | Ready Capital | 282.34 Mn | 282.34 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2024 | 17.78 Mn |
| Mar 31, 2024 | 183.81 Mn |
| Dec 31, 2023 | 191.93 Mn |
| Sep 30, 2023 | 191.61 Mn |
| Jun 30, 2023 | 4.69 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 |