Chimera Investment Corp. CIM Net debt / EBITDA

Net debt / EBITDA at other companies

Annaly Capital ManagementNLY

-0.3×0.0×

New York Mortgage TrustADAM

1.5×-7.3×

Blackstone Mortgage TrustBXMT

14.2×—

MFA FinancialMFA

-0.3×0.0×

Ladder CapitalLADR

-0.1×0.0×

Starwood Property TrustSTWD

-0.3×+0.1×

Questions, answered.

What does net debt / EBITDA mean?

How many years of operating earnings it would take to pay off the company's net debt.

How do you interpret net debt / EBITDA?

Lower is safer; lenders often covenant around 3–4×. A negative value means net cash (more cash than debt), a position of strength. Spikes can reflect a temporary EBITDA dip rather than new borrowing.

How does net debt / EBITDA compare across companies?

A standard leverage yardstick across non-financial sectors; covenant thresholds vary by industry cash-flow stability.