Ready Capital (RC) Operating Interest Expenses (2016 - 2024)
Ready Capital (RC) posted Operating Interest Expenses of $17.78 million for Q2 2024, up 278.9% from $4.69 million a year earlier but down 3.9% from the prior quarter.
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Analysis
Ready Capital (RC) Operating Interest Expenses (2016 - 2024) Analysis & Trends
For the trailing twelve months through Jun 30, 2024, Operating Interest Expenses at Ready Capital was $70.99 million, up 295.7% year-over-year; for FY2023, it was $44.26 million, up 202.3% from FY2022.
- Annual Operating Interest Expenses shows a five-year compound annual growth rate of 30.7% (FY2018 to FY2023).
- In prior years, Ready Capital's Operating Interest Expenses was $14.64 million in FY2022 (+5.4%), $13.9 million in FY2021 (-24.5%), $18.4 million in FY2020 (+259.0%) and $5.13 million in FY2019 (-55.9%).
- Quarterly Operating Interest Expenses has run from a low of $645,000 in Q3 2019 to a high of $19.73 million in Q4 2023 over five years.
- On a year-over-year basis, Operating Interest Expenses has increased in each of the last eight quarters, with growth averaging 167.1% over the last eight quarters.
- The strongest year-over-year quarter for Operating Interest Expenses in the past five years was Q2 2020, with growth of 701.7%; the weakest was Q3 2019, with a decline of 78.6%.
- According to Business Quant data, Operating Interest Expenses for the three prior quarters was $18.51 million (Q1 2024), $19.73 million (Q4 2023) and $14.97 million (Q3 2023).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Interest Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.90 Bn | 29.58 Bn | - | - |
| 2 | Orix | 42.96 Bn | 43.46 Bn | - | - |
| 3 | Royalty Pharma | 33.48 Bn | 33.39 Bn | - | - |
| 4 | Federal National Mortgage Association Fannie Mae | 23.94 Bn | 23.94 Bn | - | - |
| 5 | Affirm Holdings | 23.37 Bn | 17.06 Bn | - | - |
| 6 | Synchrony Financial | 23.31 Bn | -44.66 Bn | - | - |
| 7 | Royal Gold | 20.23 Bn | 19.45 Bn | 390.45 Mn | - |
| 8 | Annaly Capital Management | 15.24 Bn | 6.34 Bn | - | - |
| 9 | Ares Capital | 13.90 Bn | 11.34 Bn | - | - |
| 10 | Ready Capital | 206.51 Mn | -473.41 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2024 | 17.78 Mn |
| Mar 31, 2024 | 18.51 Mn |
| Dec 31, 2023 | 19.73 Mn |
| Sep 30, 2023 | 14.97 Mn |
| Jun 30, 2023 | 4.69 Mn |
| Mar 31, 2023 | 4.87 Mn |
| Dec 31, 2022 | 4.58 Mn |
| Sep 30, 2022 | 3.80 Mn |
| Jun 30, 2022 | 3.19 Mn |
| Mar 31, 2022 | 3.09 Mn |
| Dec 31, 2021 | 3.31 Mn |
| Sep 30, 2021 | 3.47 Mn |
| Jun 30, 2021 | 3.47 Mn |
| Mar 31, 2021 | 3.65 Mn |
| Dec 31, 2020 | 3.89 Mn |
| Sep 30, 2020 | 4.11 Mn |
| Jun 30, 2020 | 4.15 Mn |
| Mar 31, 2020 | 6.24 Mn |
| Dec 31, 2019 | 1.25 Mn |
| Sep 30, 2019 | 645,000.00 |
API Access
Ready Capital 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=operating-interest-expenses&ticker=RC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "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=operating-interest-expenses&ticker=RC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();