Ready Capital Investor Presentation Deck
Debt - Leverage (2)
PPPLF
Securitized
Debt
Obligations
Non-Recourse
Secured
Borrowings
1.
Recourse
Secured
Borrowing
Corporate Debt
Debt Balance
$587
$4,001
$1,252
$1,965
$1,021
Leverage
Ratio
0.3x
2.1x
0.6x
1.0x
0.6x
●
●
Recourse leverage ratio of 1.6x
Total leverage of 4.6x
Full market to market liabilities and credit
mark to market liabilities represent 19% and
12% of total debt
Recourse Leverage by Reporting Segment(¹) ($ in millions)
$1,600
$1,200
$800
$400
$0
$1,589
0.6x
SBC
1.1x
$119
SBL
Recourse Debt
READY CAPITAL.
1.8x
$257
Recourse leverage by reporting segment is based on the segment recourse debt balance over invested equity in the segment and excludes guaranteed loan
financings
2. As of April 30, 2022
$1,021
Residential
Recourse Leverage
0.5x
Corporate
10.0
8.0
6.0
4.0
2.0
0.0
-2.0
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