Rithm Capital (RITM-PD) Interest Expenses (2013 - 2024)
Rithm Capital (RITM-PD) recorded quarterly Interest Expenses of $2.1 million in Q1 2024, up 100.21% quarter-over-quarter from -$986.4 million in Q4 2023, and down 99.32% on a YoY basis from $309.1 million in Q2 2023.
Rithm Capital (RITM-PD) Interest Expenses (2013 - 2024) Analysis & Trends
Rithm Capital's Interest Expenses history runs 12 years deep, the most recent figure standing at $2.1 million for Q1 2024.
- In Q1 2024, Interest Expenses fell 99.32% year-over-year to $2.1 million; the TTM figure through Dec 2024 stood at $2.1 million (down 93.9% YoY), while the FY2023 annual figure was $34.4 million, down 95.65% from the prior year.
- Interest Expenses was $2.1 million for Q1 2024 at Rithm Capital, up from -$986.4 million in the prior quarter.
- In the past five years, Interest Expenses ranged from a high of $382.6 million in Q3 2023 to a low of -$986.4 million in Q4 2023.
- Historically, Interest Expenses has averaged $112.3 million across 5 years, with a median of $138.8 million in 2022.
- Biggest YoY gain for Interest Expenses was 122.62% in 2023; the steepest drop was 448.24% in 2023.
- A 5-year view of Interest Expenses shows it stood at $120.7 million in 2020, then climbed by 17.61% to $141.9 million in 2021, then jumped by 99.56% to $283.2 million in 2022, then slumped by 448.24% to -$986.4 million in 2023, then soared by 100.21% to $2.1 million in 2024.
- The last three Interest Expenses figures came in at $2.1 million (Q1 2024), -$986.4 million (Q4 2023), and $382.6 million (Q3 2023), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 15.34 Bn | 13.08 Bn | - | 1.27 Bn |
| 2 | AGNC Investment | 11.42 Bn | 10.75 Bn | - | 731.00 Mn |
| 3 | Starwood Property Trust | 6.25 Bn | 6.25 Bn | - | 328.91 Mn |
| 4 | Rithm Capital | 5.08 Bn | 4.78 Bn | - | - |
| 5 | Blackstone Mortgage Trust | 3.10 Bn | 2.56 Bn | - | 220.74 Mn |
| 6 | Dynex Capital | 2.58 Bn | 1.80 Bn | - | 178.14 Mn |
| 7 | Armour Residential REIT | 2.05 Bn | 1.32 Bn | - | - |
| 8 | Ellington Financial | 1.67 Bn | 1.39 Bn | - | 88.25 Mn |
| 9 | Two Harbors Investment | 1.29 Bn | 746.67 Mn | - | 95.16 Mn |
| 10 | Rithm Capital | - | - | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2024 | 2.10 Mn |
| Mar 31, 2024 | 2.10 Mn |
| Dec 31, 2023 | -986.38 Mn |
| Dec 31, 2023 | -986.38 Mn |
| Sep 30, 2023 | 382.55 Mn |
| Sep 30, 2023 | 382.55 Mn |
| Jun 30, 2023 | 329.16 Mn |
| Jun 30, 2023 | 329.16 Mn |
| Mar 31, 2023 | 309.07 Mn |
| Mar 31, 2023 | 309.07 Mn |
| Dec 31, 2022 | 283.25 Mn |
| Dec 31, 2022 | 283.25 Mn |
| Sep 30, 2022 | 218.09 Mn |
| Sep 30, 2022 | 218.09 Mn |
| Jun 30, 2022 | 150.83 Mn |
| Jun 30, 2022 | 150.83 Mn |
| Mar 31, 2022 | 138.83 Mn |
| Mar 31, 2022 | 138.83 Mn |
| Dec 31, 2021 | 141.94 Mn |
| Dec 31, 2021 | 141.94 Mn |