The company's financial profile appears increasingly vulnerable, with the debt-to-equity ratio climbing to 5.17x in 2026Q1 as total liabilities reached $13.5 billion.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 |
|---|
| Total Assets | 15.98B | 15.81B | 13.12B | 12.93B | 13.4B | 15.41B | 17.52B | 27.12B | 27.71B | 21.22B | 16.68B | 15.34B | 19.16B | 6.94B | 7.74B | 7.75B | 7.71B | 4.62B | 1.48B | 1.57B |
| Asset Growth % | 65.03% | 20.52% | 1.45% | -3.53% | -13.02% | -12.07% | -35.38% | -2.13% | 30.57% | 27.19% | 8.73% | -19.89% | 176.16% | -10.42% | -0.06% | 0.5% | 66.91% | 212.58% | -5.63% | - |
| Real Estate & Other Assets | 9.3B | 11.13B | 102.42M | 30.4M | 34.06M | 39.24M | 78.82M | 53.11M | 51.25M | 101.29M | 120.86M | 94.66M | 95.21M | 8.3M | 0 | 258.04M | 354.74M | 472.03M | -270.86M | 0 |
| PP&E (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investment Securities | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 |
| Total Current Assets | 592.35M | 394.57M | 11.37B | 11.71B | 11.76B | 12.74B | 13.46B | 15.11B | 12.98B | 13.9B | 9.07B | 5.06B | 7.21B | 1.16B | 1.96B | 255.62M | 56.26M | 57.41M | 892.9M | 1.13B |
| Cash & Equivalents | 476.22M | 278.58M | 84M | 221.68M | 264.6M | 385.74M | 269.09M | 109.88M | 47.49M | 63.57M | 177.71M | 114.06M | 164.62M | 77.63M | 621.15M | 206.3M | 7.17M | 24.28M | 27.48M | 0 |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Current Assets | 0 | 0 | 85.94M | 88.53M | 140.13M | 88.59M | 81.16M | 703.84M | 324.77M | 113.89M | 125.19M | 161.39M | 1.72B | 286.54M | 1.3B | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 13.52B | 13.24B | 10.59B | 10.37B | 10.74B | 11.67B | 13.74B | 23.17B | 24B | 17.59B | 13.56B | 12.4B | 15.55B | 3.6B | 4.2B | 4.7B | 4.39B | 2.49B | 1.06B | 1.03B |
| Total Debt | 12.73B | 13.07B | 10.01B | 10.11B | 10.61B | 11.08B | 13.51B | 21.74B | 22.65B | 16.85B | 12.88B | 11.7B | 13.56B | 3.29B | 4.03B | 2.67B | 4.07B | 2.37B | 1.05B | 0 |
| Net Debt | 12.26B | 12.79B | 9.93B | 9.89B | 10.35B | 10.69B | 13.24B | 21.63B | 22.6B | 16.78B | 12.7B | 11.58B | 13.4B | 3.21B | 3.41B | 2.47B | 4.06B | 2.34B | 1.02B | 0 |
| Long-Term Debt | 5.05B | 7.04B | 6.22B | 7.43B | 6.65B | 6.18B | 8.06B | 7.63B | 7.49B | 8.08B | 6.12B | 4.37B | 4.51B | 1.23B | 4.03B | 2.67B | 4.07B | 2.37B | 1.05B | 0 |
| Short-Term Borrowings | 7.69B | 6.03B | 3.79B | 2.68B | 3.97B | 4.9B | 5.45B | 14.11B | 15.15B | 8.76B | 6.75B | 7.33B | 9.05B | 2.06B | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 7.69B | 6.03B | 4.37B | 2.94B | 4.09B | 5.49B | 5.68B | 15.53B | 16.51B | 9.51B | 7.44B | 8.03B | 11.03B | 2.37B | 110.91M | 139.01M | 314.17M | 126.01M | 12.18M | 0 |
| Accounts Payable | 0 | 0 | 499.81M | 168.25M | 25.9M | 488.99M | 111.89M | 1.26B | 1.15B | 584.63M | 537.23M | 572.04M | 1.85B | 1.86M | 10.8M | 11.42M | 393K | 472K | 387K | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 781.18M | 165.26M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 55.11M | 1.89B | 9.99M | 0 | 0 | 0 |
| Total Equity | 2.46B | 2.57B | 2.53B | 2.56B | 2.67B | 3.74B | 3.78B | 3.95B | 3.7B | 3.63B | 3.12B | 2.95B | 3.61B | 3.33B | 3.54B | 3.05B | 3.32B | 2.13B | 414.45M | 538.89M |
| Equity Growth % | -11.68% | 1.84% | -1.28% | -4.05% | -28.62% | -1.14% | -4.4% | 6.74% | 1.89% | 16.37% | 6.02% | -18.34% | 8.29% | -5.96% | 16.24% | -8.14% | 56.02% | 413.1% | -23.09% | - |
| Shareholders Equity | 2.46B | 2.57B | 2.53B | 2.56B | 2.67B | 3.74B | 3.78B | 3.95B | 3.7B | 3.63B | 3.12B | 2.95B | 3.61B | 3.33B | 3.54B | 3.05B | 3.32B | 2.13B | 414.45M | 538.89M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Common Stock | 836K | 834K | 809K | 804K | 2.32M | 2.37M | 2.31M | 1.87M | 1.87M | 1.88M | 1.88M | 1.88M | 2.06M | 10.27M | 10.27M | 10.27M | 10.26M | 6.69M | 1.76M | 0 |
| Additional Paid-in Capital | 3.5B | 4.43B | 4.39B | 4.37B | 4.32B | 4.36B | 4.54B | 4.28B | 4.07B | 3.83B | 3.51B | 3.37B | 3.61B | 3.61B | 3.6B | 3.6B | 3.6B | 2.29B | 831.97M | 532.59M |
| Retained Earnings | -2.11B | -2B | -2.02B | -2B | -1.88B | -1.03B | -1.32B | -1.03B | -997.26M | -990.68M | -1.11B | -1.2B | -1.06B | -1.27B | -1.06B | -999.84M | -203.8M | -70.99M | -152.6M | -3.85M |
| Preferred Stock | 930.37M | 372K | 372K | 372K | 372K | 372K | 372K | 372K | 292K | 188K | 58K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Return on Assets (ROA) | 0.12% | 1.59% | 1.35% | 0.96% | -3.56% | 4.07% | 0.4% | 1.51% | 1.68% | 2.77% | 3.45% | 1.45% | 4.52% | 4.94% | 4.23% | 1.78% | 4.03% | 3.13% | -7.87% | -0.19% |
| Return on Equity (ROE) | 0.75% | 9.04% | 6.92% | 4.83% | -16.03% | 17.83% | 2.3% | 10.8% | 11.22% | 15.53% | 18.19% | 7.64% | 16.98% | 10.55% | 9.95% | 4.31% | 9.13% | 7.51% | -25.13% | -0.54% |
| Debt / Assets | 79.69% | 82.68% | 76.35% | 78.19% | 79.2% | 71.89% | 77.12% | 80.17% | 81.73% | 79.38% | 77.19% | 76.24% | 70.82% | 47.47% | 52.1% | 34.5% | 52.75% | 51.23% | 71.12% | - |
| Debt / Equity | 5.17x | 5.08x | 3.96x | 3.95x | 3.98x | 2.96x | 3.58x | 5.50x | 6.11x | 4.63x | 4.12x | 3.97x | 3.76x | 0.99x | 1.14x | 0.88x | 1.23x | 1.11x | 2.54x | - |
| Net Debt / EBITDA | 26.16x | 16.57x | - | - | - | - | - | - | 37.81x | 16.63x | 14.38x | 79.37x | 62.09x | 31.52x | 26.97x | 2.55x | 3.21x | - | - | - |
| Book Value per Share | 29.45 | 30.65 | 30.75 | 32.75 | 34.20 | 45.66 | 53.23 | 62.95 | 59.18 | 57.92 | 49.86 | 44.27 | 52.67 | 48.64 | 51.73 | 44.51 | 60.50 | 0.01 | 32.81 | 72.04 |
Leverage and liquidity sensitivity
As reported in recent financial statements, Chimera's total assets grew to $16.0 billion in 2026Q1, yet this expansion appears largely funded by increased debt, as evidenced by the rise in total liabilities to $13.5 billion over the same period, suggesting a reliance on external financing for growth.
The company's asset growth trajectory appears to be outpacing its ability to generate organic equity, leading to a persistent reliance on debt-heavy capital structures. Investors should monitor whether this expansion into credit-sensitive assets provides sufficient yield to offset the rising cost of capital and the inherent volatility of the securitization engine.
Based on the reported figures, the debt-to-equity ratio climbed to 5.17x in 2026Q1, reflecting a consistent upward trend in leverage that, according to historical data, may increase the company's sensitivity to margin calls and interest rate volatility within its mortgage-backed portfolio.
The current leverage profile appears to be pushing the boundaries of historical norms for the hybrid mREIT sector, potentially limiting the company's flexibility during market dislocations. This elevated debt level warrants further investigation into the maturity ladder of the securitized debt and the extent of recourse financing currently utilized.
As indicated by the quarterly balance sheet data, cash reserves fluctuated significantly, reaching $476.2 million in 2026Q1, which may provide a temporary cushion but appears insufficient given the scale of the $12.7 billion debt load and the ongoing requirements for portfolio maintenance and potential margin calls.
The volatility in cash balances suggests that liquidity management is highly reactive to market conditions rather than proactive. Investors should monitor the company's ability to maintain sufficient liquidity headroom, especially if credit spreads widen and the cost of refinancing the existing debt stack increases significantly.
According to the provided financial data, the company's reliance on non-recourse securitized debt may mask underlying credit risks, as the structural complexity of these instruments often obscures the true exposure to potential defaults within the residential whole loan portfolio during periods of economic stress.
While securitization provides a degree of insulation from daily repo market volatility, it may also create a false sense of security regarding the durability of the capital structure. The potential for deferred credit losses to manifest within these structures warrants further investigation, as they may not be immediately apparent on the face of the balance sheet.
Quick answers to the most common questions about buying CIM stock.
As of 2025, Chimera Investment Corporation (CIM) had total assets of $15.81B including $394.6M in current assets.
Chimera Investment Corporation (CIM) carries total debt of $13.07B. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Chimera Investment Corporation (CIM) has total shareholders' equity (book value) of $2.57B ($30.65 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Chimera Investment Corporation (CIM) reported a current ratio of 0.07x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.