The key types of exchangeability are the money on hand equilibrium out-of $59M, bucks earnings on the expenditures, and you may liquidations out of current investment. After the year, PMT got complete obligations of +$11.4B, which had been 83% regarding full assets in place of 80% within the 2020. In addition, new influence proportion, that is determined once the overall debt, excluding most other debts, separated by the shareholder’s equity, as well as ticked higher in the present seasons to help you 4.72x in place of step 3.78 from the previous 12 months.