The company's financial leverage has intensified, with total debt rising to $3.3B as of 2025Q3, resulting in a debt-to-equity ratio of 2.69 that warrants close monitoring for potential liquidity constraints.
| Total Current Assets | 182.88M | 203.73M | 209.12M | 254.22M | 383.66M | 394.67M | 151.24M | 1.45B |
| Cash & Short-Term Investments | - | - | - | - | - | - | - | - |
| Cash Only | - | - | - | - | - | - | - | - |
| Short-Term Investments | - | - | - | - | - | - | - | - |
| Accounts Receivable | - | - | - | - | - | - | - | - |
| Days Sales Outstanding | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.36B |
| Total Non-Current Assets | 4.91B | 4.56B | 3.47B | 2.99B | 4B | 4.42B | 2.46B | 585.43M |
| Property, Plant & Equipment | 79.84M | 86.17M | 79.19M | 88.81M | 102.46M | 102.28M | 9.84M | 12.88M |
| Fixed Asset Turnover | 15.69x | 13.63x | 9.22x | 13.77x | 16.10x | 16.53x | 79.37x | 43.02x |
| Goodwill | 198.72M | 198.72M | 186.18M | 176.77M | 175.14M | 62.83M | 62.83M | 60.7M |
| Intangible Assets | 1.36B | 1.37B | 1.19B | 1.17B | 716.37M | 447M | 418.4M | 511.85M |
| Long-Term Investments | 8.46B | 1.98B | 1.23B | 849.86M | 2.23B | 2.5B | 1.52B | 77K |
| Other Non-Current Assets | - | - | - | - | - | - | - | - |
| Total Assets | 5.1B | 4.77B | 3.68B | 3.24B | 4.38B | 4.82B | 2.61B | 2.04B |
| Asset Turnover | 0.27x | 0.25x | 0.20x | 0.38x | 0.38x | 0.35x | 0.30x | 0.27x |
| Asset Growth % | 64.35% | 29.69% | 13.49% | -26.09% | -9.03% | 84.78% | 27.92% | - |
| Total Current Liabilities | 2.39B | 2.23B | 1.63B | 1.43B | 2.79B | 5.71B | 3.1B | 867.68M |
| Accounts Payable | 0 | 0 | 32.64M | 34.09M | 56.84M | 41.07M | 35.34M | 27.95M |
| Days Payables Outstanding | - | - | - | - | - | - | - | - |
| Short-Term Debt | 2.39B | 2.23B | 1.56B | 1.36B | 2.66B | 5.56B | 3.02B | 839.73M |
| Deferred Revenue (Current) | 0 | - | - | - | - | - | - | - |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -911.59M |
| Current Ratio | 0.08x | 0.09x | 0.13x | 0.18x | 0.14x | 0.07x | 0.05x | 1.67x |
| Quick Ratio | 0.08x | 0.09x | 0.13x | 0.18x | 0.14x | 0.07x | 0.05x | 1.67x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 1.47B | 1.28B | 865.89M | 563.28M | 674.54M | -1.63B | -898.12M | 605.27M |
| Long-Term Debt | 873.74M | 725.98M | 450.95M | 126.78M | 252.84M | 150.39M | 224.61M | 297.19M |
| Capital Lease Obligations | 0 | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | 0 | - | - | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - | - | - |
| Total Liabilities | 3.86B | 3.51B | 2.49B | 1.99B | 3.46B | 4.08B | 2.2B | 1.6B |
| Total Debt | 3.33B | 3.03B | 2.09B | 1.58B | 3.01B | 5.81B | 3.24B | 160M |
| Net Debt | 3.23B | 2.92B | 1.97B | 1.44B | 2.76B | 5.47B | 3.14B | 101.5M |
| Debt / Equity | 2.69x | 2.42x | 1.77x | 1.26x | 3.27x | 7.89x | 7.99x | 0.09x |
| Debt / EBITDA | 16.71x | 19.35x | - | 3.49x | 7.16x | 11.17x | 246.41x | 1.53x |
| Net Debt / EBITDA | 16.18x | 18.60x | - | 3.19x | 6.58x | 10.52x | 238.68x | 0.97x |
| Interest Coverage | 1.47x | 1.08x | -0.65x | 8.19x | 6.10x | 8.21x | 0.10x | 2.14x |
| Total Equity | 1.24B | 1.25B | 1.18B | 1.25B | 920.01M | 735.99M | 406.03M | 1.71B |
| Equity Growth % | 11.34% | 5.96% | -5.27% | 35.79% | 25% | 81.27% | -76.27% | - |
| Book Value per Share | 19.76 | 20.19 | 19.41 | 20.35 | 15.13 | 12.27 | 6.77 | 28.52 |
| Total Shareholders' Equity | 1.24B | 1.25B | 1.18B | 1.25B | 919.98M | 735.99M | 406.03M | 440.94M |
| Common Stock | 622K | 619K | 611K | 609K | 610K | 600K | 93K | 94K |
| Retained Earnings | 1.18B | 1.2B | 1.14B | 1.21B | 877.19M | 717.36M | 383.95M | 418.53M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -32.18M |
| Minority Interest | 444K | 487K | 337K | 66K | 34K | 0 | 0 | 1.27B |
Warehouse financing leverage dependency
According to recent financial filings, GHLD's total debt has climbed from $1.8B in 2023Q3 to $3.3B by 2025Q3, pushing the debt-to-equity ratio to 2.69 and signaling an increasing reliance on external financing to support the company's mortgage origination activities in a challenging interest rate environment.
The steady expansion of debt levels suggests that the firm is aggressively utilizing warehouse lines to maintain market share, which may heighten sensitivity to secondary market liquidity. Investors should monitor whether this leverage is sustainable if gain-on-sale margins continue to face downward pressure from industry-wide competition.
As reported in quarterly balance sheets, GHLD maintains a current ratio of 0.08 as of 2025Q3, a figure that reflects the unique nature of mortgage banking where short-term liabilities are heavily tied to loan funding obligations rather than traditional operational working capital requirements.
While this low ratio is common in the mortgage sector, it leaves little room for error should warehouse financing facilities face sudden tightening or if loan inventory turnover slows significantly. The persistent cash position near $100M appears modest relative to the scale of debt, suggesting limited flexibility to absorb prolonged operational shocks.
Based on the provided data, total assets have grown to $5.1B as of 2025Q3, with a significant portion of the balance sheet tied to mortgage-related assets that are inherently sensitive to interest rate fluctuations and the valuation of servicing rights held by the company.
The stability of goodwill at $198.7M suggests that recent acquisitions have been integrated without immediate impairment, yet the concentration of assets in loan-related categories necessitates careful oversight of credit quality. The asset mix underscores a business model that is heavily dependent on the secondary market's appetite for mortgage-backed securities.
Analysis of the balance sheet suggests that the reported debt-to-equity ratio of 2.69 may understate the true economic leverage, as warehouse lending facilities often function as off-balance-sheet financing vehicles that carry significant repurchase obligations during periods of market stress.
The reliance on these facilities implies that GHLD's balance sheet is more vulnerable to credit market disruptions than the headline debt figures might suggest. Investors should consider the potential for these obligations to crystallize into immediate liabilities if the underlying loan quality or secondary market demand deteriorates.
Quick answers to the most common questions about buying GHLD stock.
As of 2024, Guild Holdings Company (GHLD) had total assets of $4.77B including $203.7M in current assets.
Guild Holdings Company (GHLD) carries total debt of $3.03B. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Guild Holdings Company (GHLD) has total shareholders' equity (book value) of $1.25B ($20.19 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Guild Holdings Company (GHLD) reported a current ratio of 0.09x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.