Dynex Capital, Inc. (DX)

Solvency & Capital Structure

Total Debt

$22.64B

Net Debt

$22.04B

Dynex Capital, Inc. currently has $22.64B in total debt. Net debt is $22.04B after cash offsets.

Financial Fundamentals

DX • Quarterly Data • 5Y View

Date	Total Debt ($B)	Cash & Inv. ($B)	Net Debt ($B)	Total Assets	Debt/Assets
2026-06-30	22.64	0.61	22.04	26.42	85.7%
2026-03-31	21.05	0.77	20.27	24.34	86.5%
2025-12-31	13.91	0.93	12.98	17.34	80.2%
2025-09-30	11.77	0.82	10.95	14.16	83.1%
2025-06-30	0.00	0.39	-0.39Net Cash	11.31	0.0%
2025-03-31	0.00	0.33	-0.33Net Cash	9.04	0.0%
2024-12-31	6.59	0.38	6.21	8.18	80.5%
2024-09-30	0.00	0.27	-0.27Net Cash	7.82	0.0%
2024-06-30	0.00	0.29	-0.29Net Cash	6.68	0.0%
2024-03-31	0.00	0.30	-0.30Net Cash	6.30	0.0%
2023-12-31	0.00	0.12	-0.12Net Cash	6.37	0.0%
2023-09-30	5.00	0.27	4.73	6.04	82.8%
2023-06-30	4.23	0.30	3.93	5.53	76.5%
2023-03-31	0.00	0.28	-0.28Net Cash	3.87	0.0%
2022-12-31	2.64	0.33	2.31	3.61	73.3%
2022-09-30	3.01	0.26	2.75	4.05	74.3%
2022-06-30	2.20	0.33	1.88	3.20	68.7%
2022-03-31	2.95	0.46	2.50	3.85	76.7%
2021-12-31	2.85	0.37	2.48	3.64	78.3%
2021-09-30	2.53	0.40	2.13	3.35	75.3%
2021-06-30	2.32	0.43	1.89	3.47	66.8%
2021-03-31	2.03	0.38	1.65	2.90	70.0%
2020-12-31	0.00	0.30	-0.30Net Cash	3.09	0.0%
2020-09-30	2.60	0.18	2.41	3.22	80.7%
2020-06-30	3.32	0.15	3.17	3.90	85.1%
2020-03-31	4.41	0.11	4.30	5.37	82.1%
2019-12-31	0.00	0.06	-0.06Net Cash	5.37	0.1%
2019-09-30	0.00	0.04	-0.04Net Cash	5.49	0.1%
2019-06-30	0.00	0.05	-0.05Net Cash	5.87	0.1%
2019-03-31	0.00	0.06	-0.05Net Cash	5.04	0.1%
2018-12-31	0.00	0.03	-0.03Net Cash	3.89	0.1%
2018-09-30	0.00	0.06	-0.05Net Cash	3.45	0.1%
2018-06-30	0.00	0.17	-0.17Net Cash	3.08	0.1%
2018-03-31	0.01	0.03	-0.02Net Cash	3.21	0.2%
2017-12-31	0.01	0.04	-0.04Net Cash	3.31	0.2%
2017-09-30	0.01	0.12	-0.11Net Cash	3.14	0.2%
2017-06-30	0.01	0.10	-0.09Net Cash	3.06	0.2%
2017-03-31	0.01	0.07	-0.06Net Cash	3.34	0.2%
2016-12-31	0.01	0.07	-0.07Net Cash	3.40	0.2%
2016-09-30	0.27	0.07	0.20	3.34	8.1%
2016-06-30	0.27	0.10	0.17	3.47	7.8%
2016-03-31	0.27	0.08	0.19	3.58	7.6%
2015-12-31	0.53	0.03	0.49	3.67	14.4%
2015-09-30	0.26	0.01	0.25	3.93	6.7%
2015-06-30	0.12	0.06	0.06	4.17	2.8%
2015-03-31	0.01	0.04	-0.03Net Cash	4.08	0.3%
2014-12-31	0.01	0.04	-0.03Net Cash	3.69	0.3%
2014-09-30	0.01	0.06	-0.05Net Cash	3.81	0.3%
2014-06-30	0.01	0.04	-0.02Net Cash	4.12	0.3%
2014-03-31	0.01	0.06	-0.05Net Cash	4.14	0.3%
2013-12-31	0.01	0.07	-0.06Net Cash	4.22	0.3%
2013-09-30	0.02	0.04	-0.02Net Cash	4.32	0.5%
2013-06-30	0.02	0.03	-0.00Net Cash	4.75	0.5%
2013-03-31	0.03	0.04	-0.02Net Cash	4.63	0.6%
2012-12-31	0.03	0.06	-0.03Net Cash	4.28	0.7%
2012-09-30	0.03	0.04	-0.00Net Cash	4.41	0.7%
2012-06-30	0.03	0.05	-0.02Net Cash	3.73	0.8%
2012-03-31	0.03	0.04	-0.01Net Cash	3.35	1.0%
2011-12-31	0.07	0.05	0.02	2.58	2.7%
2011-09-30	0.08	0.01	0.07	2.63	3.2%
2011-06-30	0.11	0.03	0.07	2.66	4.0%
2011-03-31	0.11	0.05	0.06	2.36	4.5%
2010-12-31	0.11	0.02	0.09	1.65	6.5%
2010-09-30	0.11	0.02	0.09	1.09	9.9%
2010-06-30	0.00	0.03	-0.03Net Cash	0.98	0.0%
2010-03-31	0.20	0.03	0.17	0.99	20.3%
2009-12-31	0.14	0.03	0.11	0.96	14.9%
2009-09-30	0.16	0.02	0.14	0.87	18.0%
2009-06-30	0.16	0.03	0.13	0.82	19.9%
2009-03-31	0.18	0.02	0.16	0.73	24.8%
2008-12-31	0.18	0.02	0.15	0.61	29.3%
2008-09-30	0.19	0.02	0.17	0.60	30.7%
2008-06-30	0.19	0.04	0.15	0.48	39.6%
2008-03-31	0.20	0.04	0.16	0.39	51.6%
2007-12-31	0.20	0.04	0.17	0.37	54.5%
2007-09-30	0.18	0.04	0.15	0.38	47.6%
2007-06-30	0.20	0.06	0.14	0.44	45.2%
2007-03-31	0.21	0.06	0.15	0.45	45.4%
2006-12-31	0.32	0.06	0.27	0.47	69.4%
2006-09-30	0.32	0.05	0.27	0.48	67.2%
2006-06-30	0.60	0.05	0.55	0.74	80.7%
2006-03-31	0.62	0.02	0.60	0.77	81.4%
2005-12-31	0.65	0.05	0.60	0.81	80.6%
2005-09-30	0.54	0.02	0.52	0.87	61.6%
2005-06-30	0.56	0.02	0.54	0.93	60.0%
2005-03-31	1.13	0.06	1.07	1.34	84.4%
2004-12-31	1.18	0.05	1.12	1.40	84.0%
2004-09-30	1.47	0.04	1.43	1.62	90.7%
2004-06-30	1.59	0.02	1.57	1.74	91.2%
2004-03-31	1.63	0.01	1.63	1.80	90.7%
2003-12-31	1.69	0.01	1.68	1.87	90.6%
2003-09-30	1.79	0.01	1.78	1.95	91.7%
2003-06-30	1.88	0.01	1.87	2.05	91.9%
2003-03-31	1.96	0.01	1.95	2.14	91.8%
2002-12-31	2.01	0.02	2.00	2.24	89.9%
2002-09-30	2.10	0.01	2.09	2.34	89.8%
2002-06-30	2.24	0.03	2.21	2.48	90.2%
2002-03-31	2.17	0.00	2.16	2.35	92.2%
2001-12-31	2.32	0.01	2.32	2.57	90.4%
2001-10-31	2.45	0.02	2.43	2.63	93.0%
2001-06-30	2.61	0.01	2.60	2.79	93.5%
2001-03-31	2.81	0.02	2.79	2.99	94.1%
2000-12-31	2.99	0.03	2.96	3.16	94.7%
2000-09-30	3.17	0.03	3.15	3.36	94.4%
2000-06-30	3.42	0.01	3.41	3.62	94.5%
2000-03-31	3.66	0.05	3.61	4.01	91.4%
1999-12-31	3.82	0.05	3.77	4.19	91.1%
1999-09-30	4.24	0.05	4.19	4.68	90.6%
1999-06-30	4.25	0.03	4.22	4.71	90.3%
1999-03-31	4.44	0.03	4.41	4.91	90.4%
1998-12-31	4.70	0.03	4.67	5.18	90.7%
1998-09-30	5.13	0.02	5.11	5.67	90.5%
1998-06-30	5.47	0.02	5.45	6.07	90.2%
1998-03-31	5.53	0.02	5.51	6.12	90.4%
1997-12-31	4.78	0.02	4.76	5.38	88.8%
1997-09-30	3.34	0.01	3.33	4.88	68.4%
1997-06-30	3.42	0.01	3.41	5.04	67.8%
1997-03-31	2.57	0.01	2.56	3.95	65.0%
1996-12-31	2.70	0.01	2.69	3.99	67.6%
1996-09-30	2.81	0.01	2.79	4.51	62.2%