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Granite Point Mortgage Trust GPMT Debt covenant, tangible net worth, percentage
Debt covenant, tangible net worth, percentage at other companies
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Where this comes from
Reported directly by Granite Point Mortgage Trust in its filing.
Tagged under the XBRL concept gpmt:DebtInstrumentDebtCovenantTangibleNetWorthPercentage.
The source filing: Granite Point Mortgage Trust’s 10-Q, filed August 5, 2026.
- Filed
- Aug 5, 2026, 4:17 PM EDT
- Fiscal quarter
- Q4 FY2026
- Calendar quarter
- Q4 2026
- Accession
- 0001703644-26-000034
- Unrestricted cash cannot be less than the greater of $30.0 million and 5.0% of recourse indebtedness. As of June 30, 2026, the Company’s unrestricted cash was $58.5 million, while 5.0% of the Company’s recourse indebtedness was $4.5 million.
- Tangible net worth must be greater than the sum of (i) $600.0 million and (ii) 75.0% of net cash proceeds of the Company’s equity issuances after September 30, 2024. As the Company has not had any equity issuances after September 30, 2024, tangible net worth must be greater than $600.0 million. As of June 30, 2026, the Company’s tangible net worth was $646.1 million.
- Target asset leverage ratio cannot exceed 77.5% and total leverage ratio cannot exceed 80.0%. As of June 30, 2026, the Company’s target asset leverage ratio was 63.8% and the Company’s total leverage ratio was 60.3%.
- Minimum interest coverage of no less than 1.3:1.0. As of June 30, 2026, the Company’s interest coverage ratio was 1.4:1.0.
Item 1. [Financial Statements (unaudited)](#i562168c3652448888595321297446d5c_25) [1](#i562168c3652448888595321297446d5c_25)
FAQ
- What is Granite Point Mortgage Trust's debt covenant, tangible net worth, percentage?
- Granite Point Mortgage Trust (GPMT) reported debt covenant, tangible net worth, percentage of $0.75 in Q2 2026.
- How has Granite Point Mortgage Trust's debt covenant, tangible net worth, percentage changed year-over-year?
- Granite Point Mortgage Trust's debt covenant, tangible net worth, percentage decreased by 0.0% year-over-year, from $0.75 to $0.75.
- What does debt covenant, tangible net worth, percentage mean?
- Debt covenant, tangible net worth, percentage as reported by Granite Point Mortgage Trust Inc. Common Stock.
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