DX Dynex Capital Inc.

Exchange

NYSE

Sector

Consumer Services

Industry

Real Estate Investment Trusts

Market Cap.

602.6M

Weak Balance Sheet

DX's financial position is not ideal. The key is to check whether DX is using debt to fuel its growth and the sustainability of that tendency. Highly capital intensive businesses (see Economic Moat) follow this route, which can deeply impact the future prospects of the business.

Figures in USD. Fiscal year ends in December

	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011
Cash	-	-	-	-	-	-	-	-	-	-
Current Assets	-	-	-	-	-	-	-	-	-	-
Total Assets	2.24B	1.87B	1.40B	805.98M	466.56M	374.76M	607.19M	958.06M	1.65B	2.58B
Current Liabilities	-	-	-	-	-	-	-	-	-	-
Total Liabilities	2.01B	1.72B	1.25B	656.64M	330.02M	232.82M	466.78M	789.31M	1.36B	2.21B
Stockholder' Equity	223.42M	149.85M	148.77M	149.33M	136.54M	141.94M	140.41M	168.75M	292.36M	371.35M
Current Ratio	-	-	-	-	-	-	-	-	-	-
TL-to-TA	0.90	0.92	0.89	0.81	0.71	0.62	0.77	0.82	0.82	0.86

Low or No Reinvestment of Profits over the past 10 years

DX has either been retaining a small amount of their earnings or has done so inconsistently. A lack of consistency could be due to DX operating at a loss or them having such a strong economic moat they feel comfortable spending profits on growth. Be wary of future prospects and if applicable, inspect the moat's sustainability.

Figures in USD. Fiscal year ends in December

	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011
Retained Earnings	-218.55M	-254.08M	-277.74M	-273.50M	-272.63M	-267.74M	-264.33M	-262.91M	-256.31M	-260.48M
Retained Earnings Growth	-	-16.26%	-9.31%	1.53%	0.32%	1.79%	1.27%	0.54%	2.51%	-1.63%