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NEW YORK, Feb. 24, 2021 /PRNewswire via COMTEX/ -- NEW YORK, Feb. 24, 2021 /PRNewswire/ -- Ready Capital Corporation (NYSE: RC) ("Ready Capital" or the...

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Over the past three months, shares of Ready Capital (NYSE: RC) moved higher by 34.35%. Before we understand the importance of debt, let us look at how much debt Ready Capital has.Ready Capital's Debt According to the Ready Capital's most recent financial statement as reported on November 6, 2020, total debt is at $3.50 billion, with $3.35 billion in long-term debt and $150.66 million in current debt. Adjusting for $149.85 million in cash-equivalents, the company has a net debt of $3.35 billion.Let's define some of the terms we used in the paragraph above. Current debt is the portion of a company's debt which is due within 1 year, while long-term debt is the portion due in more than 1 year. Cash equivalents include cash and any liquid securities with maturity periods of 90 days or less. Total debt equals current debt plus long-term debt minus cash equivalents.To understand the degree of financial leverage a company has, investors look at the debt ratio. Considering Ready Capital's $5.32 billion in total assets, the debt-ratio is at 0.66. As a rule of thumb, a debt-ratio more than one indicates that a considerable portion of debt is funded by assets. A higher debt-ratio can also imply that the company might be putting itself at risk for default, if interest rates were to increase. However, debt-ratios vary widely across different industries. A debt ratio of 40% might be higher for one industry and normal for another.Importance Of Debt Besides equity, debt is an important factor in the capital structure of a company, and contributes to its growth. Due to its lower financing cost compared to equity, it becomes an attractive option for executives trying to raise capital.However, due to interest-payment obligations, cash-flow of a company can be impacted. Equity owners can keep excess profit, generated from the debt capital, when companies use the debt capital for its business operations.Looking for stocks with low debt-to-equity ratios? Check out Benzinga Pro, a market research platform which provides investors with near-instantaneous access to dozens of stock metrics - including debt-to-equity ratio. Click here to learn more. See more from Benzinga * Click here for options trades from Benzinga * What Does Ready Capital's Debt Look Like?(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Shares of Ready Capital (NYSE: RC) rose by 27.48% in the past three months. Before we understand the importance of debt, let us look at how much debt Ready Capital has.Ready Capital's Debt Based on Ready Capital's balance sheet as of November 6, 2020, long-term debt is at $3.35 billion and current debt is at $150.66 million, amounting to $3.50 billion in total debt. Adjusted for $149.85 million in cash-equivalents, the company's net debt is at $3.35 billion.Let's define some of the terms we used in the paragraph above. Current debt is the portion of a company's debt which is due within 1 year, while long-term debt is the portion due in more than 1 year. Cash equivalents include cash and any liquid securities with maturity periods of 90 days or less. Total debt equals current debt plus long-term debt minus cash equivalents.Investors look at the debt-ratio to understand how much financial leverage a company has. Ready Capital has $5.32 billion in total assets, therefore making the debt-ratio 0.66. As a rule of thumb, a debt-ratio more than one indicates that a considerable portion of debt is funded by assets. A higher debt-ratio can also imply that the company might be putting itself at risk for default, if interest rates were to increase. However, debt-ratios vary widely across different industries. A debt ratio of 35% might be higher for one industry and average for another.Importance Of Debt Debt is an important factor in the capital structure of a company, and can help it attain growth. Debt usually has a relatively lower financing cost than equity, which makes it an attractive option for executives.Interest-payment obligations can impact the cash-flow of the company. Having financial leverage also allows companies to use additional capital for business operations, allowing equity owners to retain excess profit, generated by the debt capital.Looking for stocks with low debt-to-equity ratios? Check out Benzinga Pro, a market research platform which provides investors with near-instantaneous access to dozens of stock metrics - including debt-to-equity ratio. Click here to learn more. See more from Benzinga * Click here for options trades from Benzinga * Recap: Ready Capital Q3 Earnings * Earnings Scheduled For November 4, 2020(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Raymond James maintains Ready Capital (NYSE:RC) with a Outperform and raises the price target from $11.5 to $12.5.

Midway through trading Thursday, the Dow traded up 0.91% to 28,589.10 while the NASDAQ rose 0.36% to 11,706.71. The S&P also rose, gaining 0.53% to 3,497.14.