Cherry Hill Mortgage Investment Corporation (CHMI) Balance Sheet
CHMI balance sheet, 2025
December 31, 2025 · U.S. dollars$1.54B assets = $1.30B liabilities + $238.5M equity
Both columns are drawn to the same scale: what CHMI owns equals what it owes plus shareholders’ equity. Hover a block for its value.
CHMI financial health
Descriptive bands, not a rating. Fiscal 2025.
CHMI balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $792.9M2016 | $1.54B2025 | +7.7%/yr | |
| Total liabilities | $636.9M2016 | $1.30B2025 | +8.3%/yr | |
| Shareholders’ equity | $156.0M2016 | $236.0M2025 | +4.7%/yr | |
| Cash & short-term investments | $15.8M2016 | $54.9M2025 | +14.8%/yr | |
| Total debt | $46.5M2016 | $1.28B2025 | +44.6%/yr | |
| Net cash (debt) | −$30.6M2016 | −$1.23B2025 | −$1.2B | |
| Working capital | $17.5M2016 | −$1.07B2025 | −$1.1B | |
| Book value per share | $20.742016 | $6.492025 | −12.1%/yr | |
| Current ratio | 1.412016 | 0.072025 | −1.34 | |
| Debt / equity | 0.302016 | 5.432025 | +5.14 | |
| Shares outstanding | 7.5M2016 | 36.4M2025 | +19.1%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CHMI assets
CHMI liabilities and equity
CHMI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
CHMI balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $54.9M | $46.3M | $52.9M | $337.1M | $1.02B | $1.31B | $2.53B | $31.8M | $27.3M | $15.8M |
| Cash & equivalents | $54.9M | $46.3M | $52.9M | $57.3M | $63.9M | $83.9M | $24.7M | $31.8M | $27.3M | $15.8M |
| Short-term investments | — | — | $19.5M | $116.3M | $953.5M | $1.23B | $2.51B | $1.77B | $1.84B | $671.9M |
| Receivables | $6.1M | $9.6M | $7.9M | $55.9M | $43.3M | $44.4M | $47.1M | $24.0M | $16.6M | $12.3M |
| Inventory | $0 | $0 | $0 | $130.4M | $120.1M | $174.9M | $123.0M | $0 | $0 | $0 |
| Other current assets | $20.9M | $0 | $51.4M | $0 | $0 | $0 | $0 | $8.2M | $43.0M | $31.6M |
| Total current assets | $82.0M | $46.3M | $112.2M | $386.9M | $1.06B | $1.36B | $2.58B | $64.0M | $87.0M | $59.7M |
| Property, plant & equipment (net) | $0 | $0 | $1.05B | −$179.0M | −$1.30B | −$1.59B | −$2.94B | −$2.45B | −$3.90B | −$1.46B |
| Goodwill & intangible assets | $0 | $233.7M | $253.6M | $279.7M | $218.7M | $174.4M | $291.1M | $294.9M | $122.8M | $61.3M |
| Long-term investments | $0 | $0 | $0 | $1.26B | $1.18B | $190.4M | $309.4M | $294.9M | $136.6M | $70.4M |
| Other non-current assets | $1.46B | $1.21B | $0 | $0 | $143.5M | $1.47B | $2.72B | $3.95B | $5.61B | $2.06B |
| Total assets | $1.54B | $1.49B | $1.39B | $1.41B | $1.30B | $1.59B | $2.96B | $2.15B | $2.05B | $792.9M |
| Liabilities | ||||||||||
| Accounts payable | — | — | $6.0M | $4.5M | $996,000 | $1.0M | $10.8M | $11.8M | $7.3M | $11.0M |
| Short-term debt | $1.14B | $1.14B | $984.6M | $183.9M | $145.3M | $111.4M | $167.0M | $157.5M | $39.0M | $22.9M |
| Deferred revenue | — | — | −$6.0M | — | −$144.3M | −$110.4M | −$156.2M | −$157.5M | $15.0M | $7.7M |
| Total current liabilities | $1.15B | $151.2M | $1.03B | $183.9M | $996,000 | $1.0M | $10.8M | $29.4M | $61.7M | $42.3M |
| Long-term debt | $145.2M | $151.2M | $169.3M | $208.6M | $146.5M | $117.3M | $179.3M | $157.5M | $39.4M | $23.6M |
| Other long-term liabilities | $6.6M | $0 | $0 | $750.8M | $0 | $0 | $0 | $1.60B | $1.63B | $571.0M |
| Total liabilities | $1.30B | $1.26B | $1.13B | $1.14B | $1.02B | $1.28B | $2.54B | $1.79B | $1.73B | $636.9M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $373,000 | $322,000 | $305,000 | $239,000 | $187,000 | $175,000 | $170,000 | $167,000 | $229.8M | $148.5M |
| Retained earnings (deficit) | −$270.4M | −$249.6M | −$233.2M | −$169.0M | −$158.5M | −$142.0M | −$47.4M | $34.7M | $35.2M | $12.1M |
| Treasury stock | — | — | — | — | — | — | −$3.5M | — | $0 | $0 |
| Accumulated other comprehensive income | $3.7M | −$7.3M | −$2.5M | −$29.1M | $7.5M | $35.6M | $41.4M | −$38.4M | −$2.9M | −$6.4M |
| Minority interest | $2.5M | $3.3M | $2.9M | $3.5M | $3.0M | $2.4M | $3.0M | $3.3M | $2.5M | $1.8M |
| Total shareholders' equity | $236.0M | $230.3M | $255.5M | $265.5M | $278.8M | $312.6M | $411.6M | $363.9M | $322.5M | $156.0M |
| Key figures | ||||||||||
| Total debt | $1.28B | $151.2M | $169.3M | $392.5M | $291.8M | $228.6M | $346.3M | $157.5M | $78.4M | $46.5M |
| Net cash (debt) | −$1.23B | −$104.9M | −$116.4M | −$55.4M | $725.6M | $1.08B | $2.19B | −$125.7M | −$51.1M | −$30.6M |
| Working capital | −$1.07B | −$104.9M | −$917.6M | $203.0M | $1.06B | $1.36B | $2.57B | $34.6M | $25.3M | $17.5M |
| Tangible book value | $236.0M | −$3.3M | $1.8M | −$14.2M | $60.1M | $138.2M | $120.5M | $69.0M | $199.7M | $94.7M |
| Book value per share | $6.49 | $7.46 | $9.72 | $13.41 | $16.07 | $18.49 | $24.54 | $24.83 | $28.16 | $20.74 |
| Shares outstanding | 36.4M | 30.9M | 26.3M | 19.8M | 17.3M | 16.9M | 16.8M | 14.7M | 11.5M | 7.5M |
| Current ratio | 0.07 | 0.31 | 0.11 | 2.10 | 1,065.02 | 1,345.77 | 239.36 | 2.18 | 1.41 | 1.41 |
| Quick ratio | 0.05 | 0.37 | 0.06 | 2.14 | 1,065.02 | 1,345.77 | 239.36 | 1.90 | 0.71 | 0.67 |
| Debt / equity | 5.43 | 0.66 | 0.66 | 1.48 | 1.05 | 0.73 | 0.84 | 0.43 | 0.24 | 0.30 |
| Equity / assets | 15.3% | 15.4% | 18.3% | 18.8% | 21.4% | 19.6% | 13.9% | 16.9% | 15.7% | 19.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $1.34B | $46.7M | $54.9M | $55.4M | $58.0M | $47.3M | $46.3M | $50.2M | $52.4M | $47.5M | $52.9M | $82.6M |
| Cash & equivalents | $52.1M | $46.7M | $54.9M | $55.4M | $58.0M | $47.3M | $46.3M | $50.2M | $52.4M | $47.5M | $52.9M | $44.7M |
| Short-term investments | $1.29B | — | — | — | — | — | — | — | — | $20.0M | $19.5M | $37.8M |
| Receivables | $19.8M | $5.9M | $6.1M | $12.1M | $14.4M | $10.0M | $9.6M | $8.9M | $12.1M | $11.1M | $7.9M | $14.9M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $68.8M | $0 | $79.3M |
| Other current assets | $34.8M | $44.0M | $20.9M | $0 | $0 | $34.7M | $68.3M | $37.9M | $36.7M | $0 | $51.4M | $0 |
| Total current assets | $1.40B | $96.6M | $82.0M | $55.4M | $58.0M | $92.0M | $124.2M | $97.0M | $101.2M | $94.6M | $112.2M | $129.9M |
| Property, plant & equipment (net) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $125,000 | $0 | $1.08B | $1.03B | −$242.9M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $224.6M | $227.3M | $233.7M | $226.8M | $234.3M | $250.4M | $253.6M | $266.5M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $37.8M |
| Other non-current assets | $0 | $1.42B | $1.46B | $1.47B | $1.21B | $1.13B | $1.13B | $1.23B | $1.08B | $0 | $0 | $1.24B |
| Total assets | $1.40B | $1.52B | $1.54B | $1.52B | $1.49B | $1.45B | $1.49B | $1.55B | $1.42B | $1.41B | $1.39B | $1.43B |
| Liabilities | ||||||||||||
| Accounts payable | — | — | — | — | — | — | — | — | — | $4.9M | $6.0M | $4.7M |
| Short-term debt | $140.6M | $1.12B | $1.14B | $147.4M | $1.09B | $1.11B | $1.14B | $1.17B | $1.06B | $1.03B | $984.6M | $1.04B |
| Deferred revenue | — | — | — | — | — | — | — | — | — | — | $991.5M | — |
| Total current liabilities | $15.5M | $1.13B | $1.15B | $147.4M | $149.4M | $1.13B | $1.16B | $1.22B | $1.08B | $1.05B | $1.03B | $1.06B |
| Long-term debt | $140.6M | $143.3M | $145.2M | $147.4M | $149.4M | $149.3M | $151.2M | $150.8M | $159.5M | $166.4M | $169.3M | $172.0M |
| Other long-term liabilities | $1.01B | $11.4M | $6.6M | $991.3M | $959.5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total liabilities | $1.17B | $1.29B | $1.30B | $1.29B | $1.26B | $1.22B | $1.26B | $1.31B | $1.18B | $1.16B | $1.13B | $1.17B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $378,000 | $373,000 | $373,000 | $373,000 | $365,000 | $332,000 | $322,000 | $322,000 | $307,000 | $305,000 | $305,000 | $274,000 |
| Retained earnings (deficit) | −$278.4M | −$276.0M | −$270.4M | −$272.0M | −$270.2M | −$263.9M | −$249.6M | −$253.9M | −$234.4M | −$228.0M | −$233.2M | −$193.2M |
| Accumulated other comprehensive income | $1.8M | $1.3M | $3.7M | $2.5M | −$100,000 | −$420,000 | −$7.3M | $3.5M | −$12.9M | −$9.1M | −$2.5M | −$32.1M |
| Minority interest | $2.5M | $2.4M | $2.5M | $2.3M | $2.5M | — | — | — | — | — | — | — |
| Total shareholders' equity | $226.4M | $228.1M | $236.0M | $233.1M | $229.9M | $226.6M | $230.3M | $236.7M | $234.5M | $247.0M | $255.5M | $254.1M |
| Key figures | ||||||||||||
| Total debt | $1.15B | $1.26B | $1.28B | $147.4M | $149.4M | $149.3M | $151.2M | $150.8M | $159.5M | $166.4M | $169.3M | $172.0M |
| Net cash (debt) | $193.6M | −$1.22B | −$1.23B | −$91.9M | −$91.3M | −$102.0M | −$104.9M | −$100.7M | −$107.0M | −$118.9M | −$116.4M | −$89.4M |
| Working capital | $1.38B | −$1.04B | −$1.07B | −$91.9M | −$91.3M | −$1.04B | −$1.04B | −$1.12B | −$980.6M | −$957.3M | −$917.6M | −$932.5M |
| Tangible book value | $226.4M | $228.1M | $236.0M | $233.1M | $5.3M | −$757,000 | −$3.3M | $9.9M | $263,000 | −$3.4M | $1.8M | −$12.4M |
| Book value per share | $6.16 | $6.23 | $6.45 | $6.45 | $6.92 | $7.15 | $7.29 | $7.83 | $7.81 | $8.23 | $8.51 | $9.42 |
| Shares outstanding | 36.7M | 36.6M | 36.6M | 36.1M | 33.2M | 31.7M | 31.6M | 30.2M | 30.0M | 30.0M | 30.0M | 27.0M |
| Current ratio | 90.19 | 0.09 | 0.07 | 0.38 | 0.39 | 0.08 | 0.11 | 0.08 | 0.09 | 0.09 | 0.11 | 0.12 |
| Quick ratio | 87.95 | 0.05 | 0.05 | 0.46 | 0.48 | 0.05 | 0.05 | 0.05 | 0.06 | 0.06 | 0.06 | 0.09 |
| Debt / equity | 5.08 | 5.54 | 5.43 | 0.63 | 0.65 | 0.66 | 0.66 | 0.64 | 0.68 | 0.67 | 0.66 | 0.68 |
| Equity / assets | 16.2% | 15.0% | 15.3% | 15.3% | 15.4% | 15.6% | 15.4% | 15.3% | 16.6% | 17.6% | 18.3% | 17.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 5, 2026); data from EODHD.
CHMI financial position
At the end of fiscal 2025 (December 31, 2025), Cherry Hill Mortgage Investment had total assets of $1.5 billion (up 3.3% from a year earlier), total liabilities of $1.3 billion and shareholders' equity of $236.0 million. It held $54.9 million in cash and short-term investments against $1.3 billion of debt, net debt of $1.2 billion. Its current ratio was 0.07. In the latest quarter (ended June 30, 2026) total assets were $1.4 billion and equity $226.4 million.
Related: CHMI income statement, CHMI cash flow statement, CHMI key metrics. See the CHMI stock overview for the latest quote and news.
CHMI balance sheet FAQ
What are Cherry Hill Mortgage Investment's total assets?
Cherry Hill Mortgage Investment reported total assets of $1.5 billion at the end of fiscal 2025 (December 31, 2025), compared with $1.5 billion a year earlier.
How much debt does Cherry Hill Mortgage Investment have?
Cherry Hill Mortgage Investment had $1.3 billion of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 5.43.
How much cash does Cherry Hill Mortgage Investment have?
Cherry Hill Mortgage Investment held $54.9 million in cash and short-term investments at the end of fiscal 2025; with $1.3 billion of debt that is net debt of $1.2 billion.
What is Cherry Hill Mortgage Investment's book value?
Cherry Hill Mortgage Investment's shareholders' equity (book value) was $236.0 million at the end of fiscal 2025, or $6.49 per share.
What is Cherry Hill Mortgage Investment's current ratio?
Cherry Hill Mortgage Investment had current assets of $82.0 million and current liabilities of $1.2 billion, a current ratio of 0.07 (current liabilities exceed current assets).