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Impac Mortgage Holdings Balance Sheet 2022-2009 | IMH
Brief overview of Impac Mortgage Holdings's financial position
The comparison uses five available annual reports from the 2018–2022 interval.
Assets fell from $3.6 billion to $60.3 million. This may reflect either deliberate optimization or a reduction in business scale.
Asset growth of -98.3% was close to the -98% change in liabilities, leaving the funding profile broadly stable.
Net asset value fell below zero as liabilities exceeded assets. This is one of the most material balance sheet risks.
Retained earnings are negative at -$1.3 billion. This reduces the formal capital cushion, although large shareholder returns may have contributed.
Overall picture
Taken together, Impac Mortgage Holdings's balance sheet indicators point to elevated risk. Asset growth does not offset weak funding sources.
Annual Balance Sheet Impac Mortgage Holdings
| 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
- | - | 2.1 B | 2.66 B | 21.7 M | 11.8 M | 7.11 M | -511 K | 12 M | 5.9 M | 20 K | 3.91 M | 108 K | - |
Long Term Debt |
- | - | 2.15 B | 2.69 B | 44.9 M | 45 M | 47.2 M | 31.9 M | 22.1 M | 15.9 M | 12.7 M | 11.6 M | 11.7 M | - |
Total Non Current Liabilities |
- | - | 2.2 B | 2.74 B | 3.25 B | 3.84 B | 4.21 B | 4.77 B | 5.32 B | 5.56 B | 5.79 B | 5.47 B | - | - |
Total Liabilities |
71.9 M | 2.01 B | 2.35 B | 3.44 B | 3.54 B | 4.42 B | 4.63 B | 5.1 B | 5.55 B | 5.69 B | 5.96 B | 5.58 B | 6.13 B | - |
Retained Earnings |
-1.29 B | -1.25 B | -1.25 B | -1.16 B | -1.15 B | -969 M | -937 M | -984 M | -1.06 B | -1.06 B | -1.05 B | -1.05 B | -1.05 B | - |
Total Assets |
60.3 M | 2.02 B | 2.37 B | 3.55 B | 3.65 B | 4.68 B | 4.86 B | 5.21 B | 5.58 B | 5.72 B | 5.99 B | 5.61 B | 6.15 B | - |
Cash and Cash Equivalents |
25.9 M | 29.6 M | 54.2 M | 24.7 M | 23.2 M | 33.2 M | 40.1 M | 32.4 M | 10.1 M | 9.97 M | 12.7 M | 7.65 M | 11.6 M | - |
Book Value |
-11.6 M | 9.94 M | 15.7 M | 104 M | 110 M | 265 M | 231 M | 114 M | 25 M | 25.9 M | 29.8 M | 31.1 M | 27.7 M | - |
Total Shareholders Equity |
-11.6 M | 9.94 M | 15.7 M | 104 M | 110 M | 265 M | 231 M | 114 M | 25 M | 25.9 M | 29 M | 30 M | 26.4 M | 15.5 M |
All numbers in USD currency
Quarterly Balance Sheet Impac Mortgage Holdings
| 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 44.6 M | 44.9 M | 46.7 M | 45.8 M | 45.3 M | 45 M | 44.6 M | 44.5 M | 50 M | 47.2 M | 39.8 M | 31 M | 32.1 M | 31.9 M | 31.7 M | 31.4 M | 29.6 M | 22.1 M | 18 M | 17.6 M | 17.2 M | 15.9 M | 15 M | 14.4 M | 13.3 M | 12.7 M | 12.3 M | 12 M | 12.2 M | 11.6 M | 11.3 M | 12.1 M | 11.6 M |
Total Liabilities |
- | 99.7 M | 130 M | 263 M | 2.01 B | 2.08 B | 2.11 B | 2.35 B | 2.35 B | 2.45 B | 2.35 B | 2.89 B | 3.44 B | 3.87 B | 3.4 B | 3.58 B | 3.54 B | 3.86 B | 4.1 B | 4.36 B | 4.42 B | 4.51 B | 4.52 B | 4.52 B | 4.63 B | 5.25 B | 5.17 B | 5.17 B | 5.1 B | 5.49 B | 5.64 B | 5.9 B | 5.55 B | 5.63 B | 5.69 B | 5.63 B | 5.69 B | 5.64 B | 5.89 B | 6.01 B | 5.96 B | 5.94 B | 5.59 B | 5.7 B | 5.58 B | 5.57 B | 5.78 B | 5.58 B |
Retained Earnings |
- | -1.28 B | -1.26 B | -1.25 B | -1.25 B | -1.25 B | -1.26 B | -1.25 B | -1.25 B | -1.24 B | -1.25 B | -1.22 B | -1.16 B | -1.16 B | -1.16 B | -1.16 B | -1.15 B | -1.14 B | -1.1 B | -1 B | -969 M | -924 M | -926 M | -933 M | -937 M | -954 M | -971 M | -983 M | -984 M | -995 M | -1.01 B | -1.03 B | -1.06 B | -1.06 B | -1.06 B | -1.06 B | -1.06 B | -1.05 B | -1.05 B | -1.05 B | -1.05 B | -1.05 B | -1.05 B | -1.05 B | -1.05 B | -1.05 B | -1.05 B | -1.05 B |
Total Assets |
- | 93.6 M | 134 M | 270 M | 2.02 B | 2.09 B | 2.11 B | 2.36 B | 2.37 B | 2.47 B | 2.36 B | 2.92 B | 3.55 B | 3.98 B | 3.5 B | 3.67 B | 3.65 B | 3.98 B | 4.27 B | 4.62 B | 4.68 B | 4.82 B | 4.83 B | 4.75 B | 4.86 B | 5.46 B | 5.33 B | 5.3 B | 5.21 B | 5.59 B | 5.72 B | 5.96 B | 5.58 B | 5.66 B | 5.72 B | 5.65 B | 5.72 B | 5.67 B | 5.92 B | 6.04 B | 5.99 B | 5.97 B | 5.62 B | 5.72 B | 5.61 B | 5.6 B | 5.81 B | 5.61 B |
Cash and Cash Equivalents |
- | 44 M | 61.2 M | 70.6 M | 29.6 M | 42.2 M | 50.2 M | 53.1 M | 54.2 M | 55.4 M | 43 M | 80.2 M | 24.7 M | 24.1 M | 25.8 M | 23 M | 23.2 M | 29.2 M | 33 M | 29.5 M | 33.2 M | 34.8 M | 29.7 M | 19.5 M | 40.1 M | 58.9 M | 19.7 M | 18.5 M | 32.4 M | 10.5 M | 34.2 M | 5.64 M | 10.1 M | 13.2 M | 21.1 M | 19 M | 9.97 M | 15.7 M | 17.1 M | 10.1 M | 12.7 M | 8.03 M | 6.38 M | 7.3 M | 7.65 M | 8.72 M | 8.96 M | 7.65 M |
Book Value |
- | -6.07 M | 3.45 M | 6.74 M | 9.94 M | 7.28 M | 4.34 M | 13.5 M | 15.7 M | 17.2 M | 15 M | 35.4 M | 104 M | 104 M | 102 M | 98 M | 110 M | 118 M | 163 M | 260 M | 265 M | 309 M | 306 M | 236 M | 231 M | 214 M | 153 M | 138 M | 114 M | 103 M | 82.7 M | 59.2 M | 25 M | 26.6 M | 25.8 M | 24.3 M | 25.9 M | 28.3 M | 33.6 M | 30.9 M | 29.8 M | 28.7 M | 31 M | 26.6 M | 31.1 M | 30.2 M | 27.2 M | 31.1 M |
Total Shareholders Equity |
- | -6.07 M | 3.45 M | 6.74 M | 9.94 M | 7.28 M | 4.34 M | 13.5 M | 15.7 M | 17.2 M | 15 M | 35.4 M | 104 M | 104 M | 102 M | 98 M | 110 M | 118 M | 163 M | 260 M | 265 M | 309 M | 306 M | 236 M | 231 M | 214 M | 153 M | 138 M | 114 M | 103 M | 82.7 M | 59.2 M | 25 M | 26.6 M | 25.8 M | 24.3 M | 25.9 M | 28.3 M | 32.5 M | 29.9 M | 29 M | 28.1 M | 30.2 M | 25.3 M | 30 M | 29.1 M | 25.9 M | 30 M |
All numbers in USD currency
Balance Sheet is a fundamental financial report of Impac Mortgage Holdings, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.
Balance sheet of other industry stocks – Mortgage finance
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|---|---|---|---|---|---|
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|
Income Opportunity Realty Investors
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|
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|
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Velocity Financial
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