What is TPG RE Finance Trust, Inc.'s debt-to-assets?

TPG RE Finance Trust, Inc. (TRTX) reported debt-to-assets of 0.9× in Q1 2026.

What does debt-to-assets mean?

What fraction of everything the company owns is funded by debt.

How do you interpret debt-to-assets?

A lower ratio indicates a more conservatively financed balance sheet. Rising debt-to-assets over time signals increasing financial risk.

How does debt-to-assets compare across companies?

Comparable within an industry; bounded between 0 and 1 for most non-financials, which makes cross-company reads cleaner than debt-to-equity.

TPG RE Finance Trust, Inc. TRTX Debt-to-assets

Debt-to-assets at other companies

Blackstone Mortgage TrustBXMT

0.9×0.0×

Starwood Property TrustSTWD

0×0.0×

FBR

Franklin BSP Realty TrustFBRT

0×—

KKR Real Estate Finance TrustKREF

0.6×+0.1×

Claros Mortgage TrustCMTG

0.1×0.0×

Seven Hills Realty TrustSEVN

0.1×—

Other financials

Income statement

See full

Revenue$74.2M+9.0%

Net income$18.9M+38.1%

EPS (diluted)$0.19+58.3%

Balance sheet

See full

Cash & equivalents$15.0M-95.9%

Total debt$3.8B—

Total equity$1.1B-3.8%

Total assets$4.5B+12.9%

Cash flow

See full

Operating cash flow$24.6M+28.4%

CapEx$8.0K-96.7%

Free cash flow$24.6M+30.0%

Valuation

See full

Market cap$657.89M-7.3%

Enterprise value$4.46B—

P/E10×+0.1×

P/S2.2×-0.2×

Profitability

See full

Net margin22.1%-2.2pp

Returns & leverage

See full

Return on equity6.1%-0.4pp

Debt / equity3.6×—

Where this comes from

Calculated from TPG RE Finance Trust, Inc.’s reported figures.

total debt/total assets=0.9×

Based on the most recent quarter.

The official record: TPG RE Finance Trust, Inc.’s 10-Q, filed April 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is TPG RE Finance Trust, Inc.'s debt-to-assets?: TPG RE Finance Trust, Inc. (TRTX) reported debt-to-assets of 0.9× in Q1 2026.
What does debt-to-assets mean?: What fraction of everything the company owns is funded by debt.
How do you interpret debt-to-assets?: A lower ratio indicates a more conservatively financed balance sheet. Rising debt-to-assets over time signals increasing financial risk.
How does debt-to-assets compare across companies?: Comparable within an industry; bounded between 0 and 1 for most non-financials, which makes cross-company reads cleaner than debt-to-equity.