Discontinued — last reported Q1 '24
Business Segments · Interest Expense
Corporate — Interest Expense
New Residential Investment Corp. Corporate — Interest Expense remained flat by 0.0% to $10.54M in Q1 2024 compared to the prior quarter. Year-over-year, this metric grew by 12.2%, from $9.40M to $10.54M. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ3 2015
Last reportedQ1 2024May 3, 2024
Rolls up toInterest Expense
How to read this metric
Rising interest expense relative to income indicates tightening margins and increased financial risk.
Detailed definition
This metric captures the total interest costs incurred on all corporate-level debt instruments. It is a direct measure o...
Peer comparison
Standardized across all industries; benchmarked against operating income.
Metric ID:
ritm_segment_corporate_interest_expenseHistorical Data
24 periods
| Q2 '21 | Q2 '21 | Q3 '21 | Q3 '21 | Q4 '21 | Q4 '21 | Q1 '22 | Q1 '22 | Q2 '22 | Q2 '22 | Q3 '22 | Q3 '22 | Q4 '22 | Q4 '22 | Q1 '23 | Q1 '23 | Q2 '23 | Q2 '23 | Q3 '23 | Q3 '23 | Q4 '23 | Q4 '23 | Q1 '24 | Q1 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $9.01M | $9.01M | $9.75M | $9.75M | $8.46M | $8.46M | $10.20M | $10.20M | $10.05M | $10.05M | $10.18M | $10.18M | $6.11M | $6.11M | $9.40M | $9.40M | $8.57M | $8.57M | $9.11M | $9.11M | $9.06M | $9.06M | $10.54M | $10.54M |
| QoQ Change | — | +0.0% | +8.3% | +0.0% | -13.2% | +0.0% | +20.5% | +0.0% | -1.5% | +0.0% | +1.3% | +0.0% | -40.0% | +0.0% | +53.7% | +0.0% | -8.8% | +0.0% | +6.3% | +0.0% | -0.5% | +0.0% | +16.3% | +0.0% |
| YoY Change | — | — | — | — | — | — | — | — | +11.6% | +11.6% | +4.4% | +4.4% | -27.8% | -27.8% | -7.9% | -7.9% | -14.7% | -14.7% | -10.6% | -10.6% | +48.3% | +48.3% | +12.2% | +12.2% |
Range$6.11M – $10.54M
CAGR+2.8%
Avg YoY Growth+1.9%
Median YoY Growth-1.7%
Current Streak3 quarters growth
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Frequently Asked Questions
- What is New Residential Investment Corp.'s corporate — interest expense?
- New Residential Investment Corp. (NRZ) reported corporate — interest expense of $10.54M in Q1 2024.
- How has New Residential Investment Corp.'s corporate — interest expense changed year-over-year?
- New Residential Investment Corp.'s corporate — interest expense increased by 12.2% year-over-year, from $9.40M to $10.54M.
- What does corporate — interest expense mean?
- The total interest expense incurred by the corporate segment.