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Ready Capital Corp (RC)

(Delayed Data from NYSE)

$8.85 USD

8.85
961,578

+0.15 (1.72%)

Updated Apr 26, 2024 04:00 PM ET

After-Market: $8.85 0.00 (0.00%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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5-Strong Sell of 5         5

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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C Value D Growth C Momentum D VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Bottom 35% (164 out of 252)

Industry: REIT and Equity Trust

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Balance Sheet

Research for RC

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Ready Capital Corp falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 169 219 281 187 120
Receivables 4,129 3,936 3,662 2,304 2,086
Notes Receivable 0 0 0 0 0
Inventories 0 0 0 0 0
Other Current Assets 0 0 0 0 0
Total Current Assets 4,298 4,155 3,943 2,491 2,206
Net Property & Equipment 0 0 0 0 0
Investments & Advances 0 0 0 0 0
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 0 0 0 0 0
Intangibles 103 279 205 115 122
Deposits & Other Assets 8,041 7,186 5,386 2,767 2,649
Total Assets 12,441 11,621 9,534 5,372 4,977
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 0 0 0 0 0
Accounts Payable 171 177 184 136 97
Current Portion Long-Term Debt 2,102 2,846 2,518 1,371 1,189
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 0 0 0 0 0
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 0 0 0 0 0
Total Current Liabilities 2,274 3,023 2,702 1,506 1,287
Mortgages 0 0 0 0 0
Deferred Taxes/Income 0 0 0 0 0
Convertible Debt 0 0 0 0 0
Long-Term Debt 1,110 1,120 897 443 440
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 6,411 5,579 4,646 2,589 2,405
Minority Interest (Liabilities) 8 8 8 0 0
Total Liabilities 9,803 9,731 8,253 4,538 4,132
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 111 111 111 0 0
Common Stock (Par) 0 0 0 0 0
Capital Surplus 2,322 1,684 1,162 850 823
Retained Earnings 124 5 9 -24 9
Other Equity 81 90 -1 9 13
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 2,638 1,890 1,281 834 845
Total Liabilities & Shareholder's Equity 12,441 11,621 9,534 5,372 4,977
Total Common Equity 2,527 1,779 1,169 834 845
Shares Outstanding 172.10 110.50 75.80 54.40 52.00
Book Value Per Share 14.68 16.10 15.43 15.33 16.25

Fiscal Year End for Ready Capital Corp falls in the month of December.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents -99,999 169 218 262 161
Receivables NA 4,129 4,443 3,906 3,465
Notes Receivable NA 0 0 0 0
Inventories NA 0 0 0 0
Other Current Assets NA 0 0 0 0
Total Current Assets NA 4,298 4,661 4,168 3,626
Net Property & Equipment NA 0 0 0 0
Investments & Advances NA 0 0 0 0
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 0 0 0 0
Intangibles NA 103 308 296 279
Deposits & Other Assets NA 8,041 7,831 7,918 7,633
Total Assets NA 12,441 12,799 12,383 11,537
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable NA 0 0 0 0
Accounts Payable NA 171 168 160 133
Current Portion Long-Term Debt NA 2,102 2,385 2,396 2,485
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 0 0 0 0
Income Taxes Payable NA 0 0 0 0
Other Current Liabilities NA 0 0 0 0
Total Current Liabilities NA 2,274 2,553 2,555 2,617
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 0 0 0 0
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 1,110 1,109 1,222 1,122
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 6,438 5,894 5,909
Minority Interest (Liabilities) NA 8 0 0 8
Total Liabilities NA 9,803 10,100 9,672 9,657
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock NA 111 120 120 111
Common Stock (Par) NA 0 0 0 0
Capital Surplus NA 2,322 2,318 2,314 1,688
Retained Earnings NA 124 169 187 -7
Other Equity NA 81 93 91 88
Treasury Stock NA 0 0 0 0
Total Shareholder's Equity NA 2,638 2,700 2,711 1,880
Total Liabilities & Shareholder's Equity NA 12,441 12,799 12,383 11,537
Total Common Equity 0 2,527 2,580 2,592 1,769
Shares Outstanding 172.50 172.10 171.90 171.60 110.70
Book Value Per Share 0.00 14.68 15.01 15.10 15.98