ELLINGTON CREDIT COMPANY Financials

ELLA

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2025 Currency USD FYE December

This page shows ELLINGTON CREDIT COMPANY (ELLA) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 12 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 7/100

Based on FY2024 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of ELLINGTON CREDIT COMPANY's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Leverage

ELLINGTON CREDIT COMPANY has a moderate D/E ratio of 3.25. This balance of debt and equity financing earns a leverage score of 36/100.

Returns

ELLINGTON CREDIT COMPANY generates a 3.4% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 5/100. This is up from 3.4% the prior year.

Piotroski F-Score Neutral

4/9

ELLINGTON CREDIT COMPANY passes 4 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).

Earnings Quality Cash-Backed

1.38x

For every $1 of reported earnings, ELLINGTON CREDIT COMPANY generates $1.38 in operating cash flow ($9.1M OCF vs $6.6M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

N/A

EBITDA

N/A

Net Income

$6.6M

YoY+44.5%

5Y CAGR-21.6%

10Y CAGR-8.6%

ELLINGTON CREDIT COMPANY reported $6.6M in net income in fiscal year 2024. This represents an increase of 44.5% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$31.8M

YoY-17.4%

5Y CAGR-2.1%

10Y CAGR-3.5%

ELLINGTON CREDIT COMPANY held $31.8M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

$0.96

YoY+0.0%

5Y CAGR-4.0%

10Y CAGR-8.0%

ELLINGTON CREDIT COMPANY paid $0.96 per share in dividends in fiscal year 2024. This represents an increase of 0.0% from the prior year.

Shares Outstanding

30M

YoY+59.4%

5Y CAGR+18.9%

10Y CAGR+12.5%

ELLINGTON CREDIT COMPANY had 30M shares outstanding in fiscal year 2024. This represents an increase of 59.4% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

3.4%

YoY+0.1pp

5Y CAGR-10.4pp

10Y CAGR-6.5pp

ELLINGTON CREDIT COMPANY's ROE was 3.4% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 0.1 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

ELLINGTON CREDIT COMPANY spent $0 on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

N/A

ELLA Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$34.8M-23.1%	$45.3M+205.4%	$14.8M-42.2%	$25.6M+47.7%	$17.4M+102.5%	$8.6M
Income Tax	$510K	$0	N/A	N/A	N/A	N/A
Net Income	$6.6M+44.5%	$4.6M+115.1%	-$30.2M-378.6%	-$6.3M-131.4%	$20.1M-9.6%	$22.3M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$6.2M	N/A	$7.8M-24.3%	$10.2M+1.3%	$10.1M	N/A	$12.3M+5.7%	$11.7M
Income Tax	-$6K	N/A	$463K+717.3%	-$75K-124.8%	$303K	N/A	$0	$0
Net Income	-$7.9M	N/A	$5.4M+768.1%	-$815K-120.6%	$4.0M	N/A	-$11.4M-1049.3%	$1.2M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

ELLA Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$824.1M-12.9%	$945.7M-10.2%	$1.1B-34.1%	$1.6B+33.8%	$1.2B-19.8%	$1.5B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$31.8M-17.4%	$38.5M+10.7%	$34.8M-49.6%	$69.0M+18.7%	$58.2M+64.5%	$35.4M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$630.4M-22.1%	$809.5M-14.0%	$941.2M-34.8%	$1.4B+40.4%	$1.0B-22.6%	$1.3B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$193.7M+42.2%	$136.2M+21.2%	$112.4M-27.1%	$154.2M-7.3%	$166.4M+3.5%	$160.8M
Retained Earnings	-$155.2M-11.9%	-$138.6M-7.8%	-$128.7M-51.8%	-$84.8M-33.8%	-$63.3M+9.1%	-$69.6M

Metric	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23
Total Assets	$783.6M-4.9%	$824.1M+9.5%	$752.3M-19.4%	$933.5M-3.2%	$964.0M+1.9%	$945.7M-11.2%	$1.1B-1.8%	$1.1B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$17.4M-45.4%	$31.8M+23.7%	$25.7M-78.3%	$118.8M+429.2%	$22.4M-41.8%	$38.5M-3.7%	$40.0M-8.5%	$43.7M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$555.1M-11.9%	$630.4M+12.4%	$560.7M-28.8%	$787.3M-4.1%	$821.0M+1.4%	$809.5M-15.1%	$953.0M-1.5%	$967.3M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$228.5M+18.0%	$193.7M+1.1%	$191.6M+31.1%	$146.1M+2.2%	$142.9M+4.9%	$136.2M+22.2%	$111.5M-4.5%	$116.7M
Retained Earnings	-$171.7M-10.7%	-$155.2M-6.1%	-$146.2M-0.7%	-$145.2M-4.1%	-$139.4M-0.6%	-$138.6M+5.7%	-$147.0M-11.5%	-$131.8M

ELLA Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$9.1M+190.9%	-$10.0M-144.7%	$22.4M-19.6%	$27.9M+14.4%	$24.4M+39.0%	$17.5M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	$116.4M+35.8%	$85.7M-22.5%	$110.5M+825.8%	-$15.2M-105.0%	$304.1M+37.1%	$221.9M
Financing Cash Flow	-$132.3M-83.7%	-$72.0M+56.9%	-$167.2M-9255.1%	-$1.8M+99.4%	-$305.6M-37.3%	-$222.6M
Dividends Paid	$22.2M+57.3%	$14.1M+1.3%	$13.9M-19.3%	$17.3M+24.8%	$13.8M-10.5%	$15.5M
Share Buybacks	$0	$0-100.0%	$262K	$0-100.0%	$986K+32.0%	$747K

Metric	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23
Operating Cash Flow	$9.2M+109.1%	$4.4M+35.9%	$3.2M+21.4%	$2.7M+321.6%	-$1.2M+47.0%	-$2.3M+32.5%	-$3.4M-68.5%	-$2.0M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$27.1M+63.3%	-$74.0M-259.6%	$46.4M-55.2%	$103.4M+154.4%	$40.6M+15.5%	$35.2M-49.1%	$69.1M+160.0%	$26.6M
Financing Cash Flow	$3.5M-95.4%	$75.7M+153.1%	-$142.6M-1359.1%	-$9.8M+82.4%	-$55.5M-61.5%	-$34.4M+50.5%	-$69.4M-296.5%	-$17.5M
Dividends Paid	$8.1M+18.1%	$6.8M+6.6%	$6.4M+30.0%	$4.9M+6.0%	$4.7M+19.2%	$3.9M+4.6%	$3.7M+10.8%	$3.4M
Share Buybacks	$978K	N/A	N/A	N/A	$0	$0	$0	N/A

ELLA Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	3.4%+0.1pp	3.4%+30.2pp	-26.9%-22.8pp	-4.1%-16.2pp	12.1%-1.8pp	13.8%
Return on Assets	0.8%+0.3pp	0.5%+3.4pp	-2.9%-2.5pp	-0.4%-2.1pp	1.7%+0.2pp	1.5%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	3.25-2.7	5.94-2.4	8.37-1.0	9.36+3.2	6.18-2.1	8.26
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	-3.4%	N/A	2.8%+3.4pp	-0.6%-3.3pp	2.8%	N/A	-10.3%-11.3pp	1.0%
Return on Assets	-1.0%	N/A	0.7%+0.8pp	-0.1%-0.5pp	0.4%	N/A	-1.1%-1.2pp	0.1%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	2.43-0.8	3.25+0.3	2.93-2.5	5.39-0.4	5.74-0.2	5.94-2.6	8.55+0.3	8.29
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Frequently Asked Questions

Is ELLINGTON CREDIT COMPANY profitable?

Yes, ELLINGTON CREDIT COMPANY (ELLA) reported a net income of $6.6M in fiscal year 2024.

Does ELLINGTON CREDIT COMPANY pay dividends?

Yes, ELLINGTON CREDIT COMPANY (ELLA) paid $0.96 per share in dividends during fiscal year 2024.

What is ELLINGTON CREDIT COMPANY's return on equity (ROE)?

ELLINGTON CREDIT COMPANY (ELLA) has a return on equity of 3.4% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is ELLINGTON CREDIT COMPANY's operating cash flow?

ELLINGTON CREDIT COMPANY (ELLA) generated $9.1M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are ELLINGTON CREDIT COMPANY's total assets?

ELLINGTON CREDIT COMPANY (ELLA) had $824.1M in total assets as of fiscal year 2024, including both current and long-term assets.

How many shares does ELLINGTON CREDIT COMPANY have outstanding?

ELLINGTON CREDIT COMPANY (ELLA) had 30M shares outstanding as of fiscal year 2024.

What is ELLINGTON CREDIT COMPANY's debt-to-equity ratio?

ELLINGTON CREDIT COMPANY (ELLA) had a debt-to-equity ratio of 3.25 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is ELLINGTON CREDIT COMPANY's return on assets (ROA)?

ELLINGTON CREDIT COMPANY (ELLA) had a return on assets of 0.8% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is ELLINGTON CREDIT COMPANY's Piotroski F-Score?

ELLINGTON CREDIT COMPANY (ELLA) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are ELLINGTON CREDIT COMPANY's earnings high quality?

ELLINGTON CREDIT COMPANY (ELLA) has an earnings quality ratio of 1.38x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is ELLINGTON CREDIT COMPANY?

ELLINGTON CREDIT COMPANY (ELLA) scores 7 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.