NLY Annaly Capital Management Inc

Exchange

NYSE

Sector

Consumer Services

Industry

Real Estate Investment Trusts

Market Cap.

13.879B

Weak Balance Sheet

NLY's financial position is not ideal. The key is to check whether NLY 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	11.66B	12.99B	19.56B	16.06B	30.72B	53.90B	57.60B	69.38B	83.03B	109.63B
Current Liabilities	-	-	-	-	-	-	-	-	-	-
Total Liabilities	10.58B	11.84B	17.86B	14.56B	28.06B	48.59B	50.41B	59.82B	73.16B	93.87B
Stockholder' Equity	1.08B	1.15B	1.70B	1.50B	2.65B	5.32B	7.18B	9.55B	9.86B	15.76B
Current Ratio	-	-	-	-	-	-	-	-	-	-
TL-to-TA	0.91	0.91	0.91	0.91	0.91	0.90	0.88	0.86	0.88	0.86

Low or No Reinvestment of Profits over the past 10 years

NLY has either been retaining a small amount of their earnings or has done so inconsistently. A lack of consistency could be due to NLY 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	509,000.00	1.36M	4.35M	-146.64M	-175.00M	-121.89M	-884.90M	-336.96M	-658.39M	-2.50B
Retained Earnings Growth	-	167.39%	219.25%	-3,474.84%	-19.35%	30.35%	-625.96%	61.92%	-95.39%	-280.32%