Ready Capital Corporation — Earnings Quality Grade F
RC · Real Estate
Major red flags
Screening Summary
Management Signals
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO -1481 days, change -2858 days YoY
AR outpaced revenue for 2 consecutive years
Revenue -148.0%, CFFO 57.2%. Cash follows revenue
Expense Quality
No material inventory
Insufficient data
Insufficient data
Insufficient data
Cash Flow Quality
CFFO < Net Income for 3 consecutive years
Small-cap context: Small-cap CFFO/NI often diverges from working-capital swings, not necessarily manipulation.
FCF $0.4B, FCF/NI = -1.89
Accruals ratio = -8.5%. Low accruals
Cash $0.2B covers only 6% of debt $3.5B
Balance Sheet Health
Goodwill+Intangibles $0.2B = 14% of equity. Manageable
Insufficient data
Insufficient data
Write-offs normal
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -0% YoY. Normal
Manipulation Score
Insufficient data
Portfolio monitoring
Monitor RC continuously
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Altman Z-Score — Not Applicable
Ready Capital Corporation is a financial company. Z-Score is designed for non-financial companies.
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25