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- Thomas Edward Capasse CEO
Financial statements — Ready Capital
The information is not 100% up-to-date. There may be errors or missing information. Some information is often missing, and, although there are almost no errors, I can't rule them out. Right now, I'm looking for a supplier of high-quality information, but so far what I'm finding is expensive (about $2000 a year). You can help my project here.
| 20 ← 16 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|
| Total Revenue |
|
550M | 390M | 300M | 240M | 200M |
| Cost Of Revenue |
|
35M | 3.7M | 1.7M | 2.4M | 7.8M |
| Gross Profit |
|
510M | 380M | 300M | 240M | 190M |
| Research and Development |
|
0 | 0 | 0 | 0 | 0 |
| Selling General and Admin |
|
2M | 2.1M | 0 | 0 | 600K |
| Operating Expense |
|
540M | 330M | 250M | 190M | 140M |
| Operating Income |
|
14M | 55M | 45M | 48M | 65M |
| Other Income Expense Net |
|
42M | 11M | 5.6M | 0 | 0 |
| EBIT |
|
58M | 72M | 63M | 48M | 65M |
| Interest Income |
|
0 | 0 | 0 | 0 | 0 |
| Pretax Income |
|
54M | 65M | 63M | 48M | 65M |
| Income Tax |
|
8.4M | -11M | 1.4M | 1.8M | 9.7M |
| Minority Interest |
|
1.2M | 2.1M | 2.2M | 2.5M | 4.2M |
| Net Income |
|
43M | 72M | 59M | 43M | 49M |
| Net Income Basic |
|
43M | 72M | 59M | 43M | 49M |
| 20 ← 16 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|
| Current cash |
|
0 | 0 | 0 | 0 | 0 |
| Short term investments |
|
810M | 480M | 410M | 450M | 770M |
| Receivables |
|
17M | 43M | 0 | 0 | 0 |
| Inventory |
|
0 | 0 | 0 | 0 | 0 |
| Other current assets |
|
0 | 0 | 0 | 0 | 0 |
| Current assets |
|
2.6B | 2.4B | 1.7B | 1.5B | 1.9B |
| Long term investments |
|
2.7B | 2.6B | 1.3B | 980M | 750M |
| Property plant equipment |
|
0 | 0 | 0 | 0 | 1.6M |
| Goodwill |
|
11M | 11M | 0 | 0 | 0 |
| Intangible assets |
|
7M | 8.3M | 2.9M | 3.3M | 3.6M |
| Other assets |
|
2.6B | 2.5B | 1.3B | 900M | 740M |
| Total assets |
|
5.4B | 5B | 3B | 2.5B | 2.6B |
| Accounts payable |
|
0 | 0 | 0 | 0 | 0 |
| Current long term debt |
|
4.1B | 3.9B | 2.3B | 1.8B | 1.8B |
| Other current liabilities |
|
400M | 170M | 150M | 170M | 230M |
| Total current liabilities |
|
4.5B | 4.1B | 2.5B | 1.9B | 2.1B |
| Long term debt |
|
0 | 0 | 0 | 0 | 0 |
| Other liabilities |
|
0 | 16M | 0 | 0 | 0 |
| Minority Interest |
|
19M | 19M | 19M | 19M | 39M |
| Total Liabilities |
|
4.6B | 4.2B | 2.5B | 2B | 2.1B |
| Common stock |
|
54M | 42M | 32M | 31M | 27M |
| Retained earning |
|
-24M | 8.7M | 5.3M | -3.4M | -200K |
| Treasury stock |
|
0 | 0 | 0 | 0 | 0 |
| Capital surplus |
|
• | • | • | • | • |
| Shareholder equity |
|
820M | 830M | 540M | 540M | 510M |
| Net tangible assets |
|
800M | 810M | 540M | 530M | 510M |
| 20 ← 16 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|
| Net Income |
|
43M | 72M | 59M | 43M | 49M |
| Depreciation |
|
0 | 0 | 0 | 0 | 0 |
| Changes in receivables |
|
-26M | 43M | 0 | 0 | 0 |
| Changes in inventories |
|
0 | 0 | 0 | 0 | 0 |
| Cash change |
|
71M | 14M | -9M | 3.9M | 60M |
| Cash flow |
|
69M | -52M | 140M | 350M | 16M |
| Capital expenditures |
|
0 | 0 | 0 | 0 | 0 |
| Investments |
|
• | • | • | • | • |
| Investing activity other |
|
• | • | • | • | • |
| Total investing cash flows |
|
-59M | -1.2B | -580M | -240M | 380M |
| Dividends paid |
|
• | • | • | • | • |
| Net borrowings |
|
1.7B | 1.7B | 700M | 310M | 41M |
| Other financing cash flows |
|
• | • | • | • | • |
| Cash flow financing |
|
63M | 1.3B | 440M | -110M | -380M |
| Exchange rate effect |
|
• | • | • | • | • |
Analyst Recommendations
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Ready Capital Corp. is a real estate finance company, which engages in acquiring, managing, and financing small balance commercial loans. The company operates in four segments: SBC Originations, SBA Originations, Acquisitions & Servicing, Loan Acquisitions and Residential Mortgage Banking. The SBC Originations segment originate SBC loans secured by stabilized or transitional investor properties using multiple loan origination channels through its wholly-owned subsidiary, ReadyCap Commercial, LLC. The SBA Originations, Acquisitions & Servicing segment acquires, originates and services owner-occupied loans guaranteed by the SBA its wholly-owned subsidiary, ReadyCap Lending, LLC. The Loan Acquisitions segment acquires performing and non-performing SBC loans and intends to continue to acquire these loans as part of its business strategy. The Residential Mortgage Banking segment through its wholly-owned subsidiary, GMFS, LLC originates residential mortgage loans eligible to be purchased, guaranteed or insured by Fannie Mae, Freddie Mac, FHA, USDA and VA through retail, correspondent and broker channels. Ready Capital was founded in 2011 and is headquartered in New York, NY.