Discontinued — last reported Q1 '24
Business Segments · Interest Expense
Small Business Lending — Interest Expense
Ready Capital Small Business Lending — Interest Expense decreased by 4.1% to $24.92M in Q1 2024 compared to the prior quarter. Year-over-year, this metric grew by 165.8%, from $9.37M to $24.92M. Over 2 years (FY 2021 to FY 2023), Small Business Lending — Interest Expense shows an upward trend with a 33.6% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2019
Last reportedQ1 2024May 10, 2024
Rolls up toInterest Expense
How to read this metric
Lower expenses relative to interest income indicate better funding efficiency and higher net interest margins.
Detailed definition
This represents the total cost of debt financing incurred by the small business lending segment to fund its loan origina...
Peer comparison
Standard 'Interest Expense' reported by all lending and banking institutions.
Metric ID:
rc_segment_small_business_lending_interest_expenseHistorical Data
12 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $13.98M | $6.51M | $7.17M | $5.69M | $5.92M | $7.10M | $8.68M | $9.37M | $9.72M | $20.77M | $25.98M | $24.92M |
| QoQ Change | — | -53.4% | +10.2% | -20.7% | +4.0% | +20.0% | +22.3% | +8.0% | +3.7% | +113.7% | +25.1% | -4.1% |
| YoY Change | — | — | — | — | -57.7% | +9.0% | +21.0% | +64.7% | +64.3% | +192.6% | +199.4% | +165.8% |
Range$5.69M – $25.98M
CAGR+23.4%
Avg YoY Growth+82.4%
Median YoY Growth+64.5%
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Frequently Asked Questions
- What is Ready Capital's small business lending — interest expense?
- Ready Capital (RC) reported small business lending — interest expense of $24.92M in Q1 2024.
- How has Ready Capital's small business lending — interest expense changed year-over-year?
- Ready Capital's small business lending — interest expense increased by 165.8% year-over-year, from $9.37M to $24.92M.
- What is the long-term trend for Ready Capital's small business lending — interest expense?
- Over 2 years (2021 to 2023), Ready Capital's small business lending — interest expense has grown at a 33.6% compound annual growth rate (CAGR), from $36.87M to $65.84M.
- What does small business lending — interest expense mean?
- The cost of borrowing money to fund the segment's lending activities.