Ares Capital Key Executives
This section highlights Ares Capital's key executives, including their titles and compensation details.
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Ares Capital Earnings
This section highlights Ares Capital's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q1 | 2025 | 2025-04-29 | $0.54 | $0.50 |
| Read Transcript | Q4 | 2024 | 2025-02-05 | $0.58 | $0.55 |
| Read Transcript | Q3 | 2024 | 2024-10-30 | $0.60 | $0.58 |
| Read Transcript | Q2 | 2024 | 2024-07-30 | $0.58 | $0.61 |
| Read Transcript | Q1 | 2024 | 2024-05-01 | $0.60 | $0.59 |
| Read Transcript | Q4 | 2023 | 2024-02-07 | $0.60 | $0.63 |
| Read Transcript | Q3 | 2023 | 2023-10-24 | $0.58 | $0.59 |
| Read Transcript | Q2 | 2023 | 2023-07-25 | $0.57 | $0.58 |
| Read Transcript | Q1 | 2023 | 2023-04-25 | $0.59 | $0.57 |
Financial Statements
Access annual & quarterly financial statements for Ares Capital, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Revenue | $2.44B | $1.64B | $741.00M | $1.68B | $541.00M |
| Cost of Revenue | $- | $-93.00M | $- | $-142.00M | $356.00M |
| Gross Profit | $2.44B | $1.73B | $741.00M | $1.82B | $185.00M |
| Gross Profit Ratio | 100.00% | 105.68% | 100.00% | 108.46% | 34.20% |
| Research and Development Expenses | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $43.00M | $42.00M | $38.00M | $39.00M | $38.00M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $43.00M | $42.00M | $38.00M | $39.00M | $38.00M |
| Other Expenses | $- | $- | $- | $- | $- |
| Operating Expenses | $43.00M | $94.00M | $86.00M | $82.00M | $38.00M |
| Cost and Expenses | $43.00M | $506.00M | $86.00M | $82.00M | $38.00M |
| Interest Income | $2.16B | $1.96B | $1.47B | $1.25B | $844.00M |
| Interest Expense | $659.00M | $530.00M | $455.00M | $372.00M | $317.00M |
| Depreciation and Amortization | $- | $- | $- | $-403.00M | $- |
| EBITDA | $- | $2.12B | $1.16B | $1.60B | $823.00M |
| EBITDA Ratio | 0.00% | 129.83% | 156.95% | 95.11% | 152.13% |
| Operating Income | $2.39B | $1.87B | $655.00M | $1.60B | $503.00M |
| Operating Income Ratio | 98.23% | 114.18% | 88.39% | 95.11% | 92.98% |
| Total Other Income Expenses Net | $-798.00M | $-326.00M | $- | $- | $- |
| Income Before Tax | $1.59B | $1.54B | $655.00M | $1.60B | $503.00M |
| Income Before Tax Ratio | 65.48% | 94.25% | 88.39% | 95.11% | 92.98% |
| Income Tax Expense | $73.00M | $20.00M | $55.00M | $29.00M | $19.00M |
| Net Income | $1.40B | $1.52B | $600.00M | $1.57B | $484.00M |
| Net Income Ratio | 57.59% | 93.03% | 80.97% | 93.38% | 89.46% |
| EPS | $2.25 | $2.75 | $1.21 | $3.51 | $1.14 |
| EPS Diluted | $2.25 | $2.68 | $1.19 | $3.51 | $1.14 |
| Weighted Average Shares Outstanding | 624.00M | 554.00M | 498.00M | 446.00M | 424.00M |
| Weighted Average Shares Outstanding Diluted | 624.00M | 575.00M | 518.00M | 446.00M | 424.00M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | March 31, 2025 | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $599.00M | $393.00M | $751.00M | $388.00M | $495.00M | $444.00M | $528.00M | $497.00M | $569.00M | $651.00M | $417.00M | $479.00M | $346.00M | $462.00M | $442.00M | $498.00M | $430.00M | $394.00M | $455.00M | $359.00M |
| Cost of Revenue | $- | $- | $198.00M | $-205.00M | $- | $- | $-127.00M | $99.00M | $419.00M | $- | $- | $- | $-29.00M | $92.00M | $31.00M | $39.00M | $40.00M | $-46.00M | $103.00M | $97.00M |
| Gross Profit | $599.00M | $393.00M | $553.00M | $593.00M | $495.00M | $444.00M | $655.00M | $398.00M | $150.00M | $651.00M | $417.00M | $479.00M | $375.00M | $370.00M | $411.00M | $459.00M | $390.00M | $440.00M | $352.00M | $262.00M |
| Gross Profit Ratio | 100.00% | 100.00% | 73.64% | 152.84% | 100.00% | 100.00% | 124.05% | 80.08% | 26.36% | 100.00% | 100.00% | 100.00% | 108.38% | 80.09% | 92.99% | 92.17% | 90.70% | 111.68% | 77.36% | 72.98% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $12.00M | $10.00M | $12.00M | $11.00M | $10.00M | $9.00M | $12.00M | $11.00M | $10.00M | $9.00M | $11.00M | $8.00M | $10.00M | $10.00M | $11.00M | $9.00M | $9.00M | $9.00M | $10.00M | $10.00M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $12.00M | $10.00M | $12.00M | $11.00M | $10.00M | $9.00M | $12.00M | $11.00M | $10.00M | $9.00M | $11.00M | $8.00M | $10.00M | $10.00M | $11.00M | $9.00M | $9.00M | $9.00M | $10.00M | $10.00M |
| Other Expenses | $- | $13.00M | $- | $- | $29.00M | $13.00M | $- | $- | $- | $205.00M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Operating Expenses | $12.00M | $23.00M | $26.00M | $25.00M | $39.00M | $22.00M | $25.00M | $24.00M | $22.00M | $9.00M | $26.00M | $261.00M | $58.00M | $10.00M | $11.00M | $9.00M | $52.00M | $9.00M | $10.00M | $10.00M |
| Cost and Expenses | $12.00M | $23.00M | $26.00M | $230.00M | $39.00M | $22.00M | $12.00M | $11.00M | $302.00M | $311.00M | $144.00M | $111.00M | $58.00M | $10.00M | $11.00M | $-58.00M | $92.00M | $9.00M | $10.00M | $107.00M |
| Interest Income | $- | $542.00M | $568.00M | $539.00M | $513.00M | $521.00M | $495.00M | $476.00M | $470.00M | $456.00M | $385.00M | $319.00M | $310.00M | $336.00M | $317.00M | $305.00M | $289.00M | $294.00M | $280.00M | $213.00M |
| Interest Expense | $- | $174.00M | $181.00M | $160.00M | $144.00M | $144.00M | $132.00M | $128.00M | $127.00M | $128.00M | $105.00M | $87.00M | $83.00M | $43.00M | $76.00M | $76.00M | $73.00M | $46.00M | $77.00M | $76.00M |
| Depreciation and Amortization | $- | $1.06B | $- | $-573.00M | $-491.00M | $- | $-437.00M | $-461.00M | $-459.00M | $-508.00M | $-422.00M | $-368.00M | $-304.00M | $-355.00M | $-283.00M | $-269.00M | $-235.00M | $-318.00M | $-247.00M | $-246.00M |
| EBITDA | $- | $830.00M | $601.00M | $-36.00M | $138.00M | $1.14B | $198.00M | $18.00M | $-38.00M | $-190.00M | $-175.00M | $-144.00M | $69.00M | $133.00M | $122.00M | $321.00M | $277.00M | $152.00M | $283.00M | $115.00M |
| EBITDA Ratio | 0.00% | 211.20% | 80.03% | -9.28% | 27.88% | 255.86% | 37.50% | 3.62% | -6.68% | -29.19% | -41.97% | -30.06% | 19.94% | 28.79% | 27.60% | 64.46% | 64.42% | 38.58% | 62.20% | 32.03% |
| Operating Income | $587.00M | $370.00M | $601.00M | $537.00M | $491.00M | $422.00M | $437.00M | $461.00M | $407.00M | $-762.00M | $223.00M | $368.00M | $317.00M | $495.00M | $283.00M | $269.00M | $235.00M | $318.00M | $247.00M | $358.00M |
| Operating Income Ratio | 98.00% | 94.15% | 80.03% | 138.40% | 99.19% | 95.05% | 82.77% | 92.76% | 71.53% | -117.05% | 53.48% | 76.83% | 91.62% | 107.14% | 64.03% | 54.02% | 54.65% | 80.71% | 54.29% | 99.72% |
| Total Other Income Expenses Net | $-215.00M | $- | $-195.00M | $-174.00M | $-35.00M | $- | $66.00M | $-124.00M | $-127.00M | $954.00M | $-105.00M | $-247.00M | $-93.00M | $-105.00M | $56.00M | $220.00M | $143.00M | $67.00M | $198.00M | $-76.00M |
| Income Before Tax | $372.00M | $370.00M | $406.00M | $363.00M | $456.00M | $422.00M | $503.00M | $337.00M | $280.00M | $192.00M | $118.00M | $121.00M | $224.00M | $390.00M | $339.00M | $489.00M | $378.00M | $385.00M | $445.00M | $282.00M |
| Income Before Tax Ratio | 62.10% | 94.15% | 54.06% | 93.56% | 92.12% | 95.05% | 95.27% | 67.81% | 49.21% | 29.49% | 28.30% | 25.26% | 64.74% | 84.42% | 76.70% | 98.19% | 87.91% | 97.72% | 97.80% | 78.55% |
| Income Tax Expense | $7.00M | $13.00M | $12.00M | $41.00M | $7.00M | $9.00M | $3.00M | $6.00M | $2.00M | $18.00M | $14.00M | $10.00M | $13.00M | $8.00M | $5.00M | $11.00M | $5.00M | $7.00M | $4.00M | $5.00M |
| Net Income | $365.00M | $357.00M | $394.00M | $322.00M | $449.00M | $413.00M | $500.00M | $331.00M | $278.00M | $174.00M | $104.00M | $111.00M | $211.00M | $382.00M | $334.00M | $478.00M | $373.00M | $378.00M | $441.00M | $277.00M |
| Net Income Ratio | 60.93% | 90.84% | 52.46% | 82.99% | 90.71% | 93.02% | 94.70% | 66.60% | 48.86% | 26.73% | 24.94% | 23.17% | 60.98% | 82.68% | 75.57% | 95.98% | 86.74% | 95.94% | 96.92% | 77.16% |
| EPS | $0.36 | $0.55 | $0.62 | $0.52 | $0.76 | $0.72 | $0.89 | $0.61 | $0.52 | $0.34 | $0.21 | $0.22 | $0.44 | $0.84 | $0.73 | $1.09 | $0.87 | $0.89 | $1.04 | $0.65 |
| EPS Diluted | $0.36 | $0.55 | $0.62 | $0.52 | $0.76 | $0.70 | $0.87 | $0.59 | $0.51 | $0.33 | $0.21 | $0.22 | $0.43 | $0.84 | $0.73 | $1.09 | $0.87 | $0.89 | $1.04 | $0.65 |
| Weighted Average Shares Outstanding | 676.00M | 655.00M | 635.00M | 616.00M | 591.00M | 554.00M | 562.00M | 547.00M | 534.00M | 514.00M | 503.00M | 494.00M | 479.00M | 463.00M | 453.00M | 440.00M | 429.00M | 421.00M | 423.00M | 423.00M |
| Weighted Average Shares Outstanding Diluted | 676.00M | 655.00M | 635.00M | 616.00M | 591.00M | 593.00M | 582.00M | 567.00M | 555.00M | 534.00M | 523.00M | 514.00M | 500.00M | 463.00M | 453.00M | 440.00M | 429.00M | 423.00M | 423.00M | 423.00M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $635.00M | $535.00M | $303.00M | $372.00M | $254.00M |
| Short Term Investments | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $635.00M | $535.00M | $303.00M | $372.00M | $254.00M |
| Net Receivables | $292.00M | $261.00M | $180.00M | $222.00M | $223.00M |
| Inventory | $- | $- | $- | $- | $- |
| Other Current Assets | $- | $- | $- | $- | $- |
| Total Current Assets | $927.00M | $796.00M | $483.00M | $594.00M | $477.00M |
| Property Plant Equipment Net | $- | $10.00M | $20.00M | $27.00M | $38.00M |
| Goodwill | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- |
| Long Term Investments | $26.72B | $22.87B | $21.78B | $20.01B | $15.52B |
| Tax Assets | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $-26.72B | $76.00M | $-21.78B | $-20.01B | $- |
| Total Non-Current Assets | $26.72B | $22.96B | $20.00M | $27.00M | $15.55B |
| Other Assets | $607.00M | $44.00M | $21.89B | $20.22B | $166.00M |
| Total Assets | $28.25B | $23.80B | $22.40B | $20.84B | $16.20B |
| Account Payables | $406.00M | $139.00M | $127.00M | $307.00M | $179.00M |
| Short Term Debt | $- | $17.00M | $- | $43.00M | $- |
| Tax Payables | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $- | $- | $- |
| Other Current Liabilities | $-406.00M | $525.00M | $-96.00M | $77.00M | $196.00M |
| Total Current Liabilities | $865.00M | $681.00M | $31.00M | $427.00M | $375.00M |
| Long Term Debt | $- | $11.00M | $15.00M | $28.00M | $43.00M |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $- | $12.58B | $279.00M | $11.22B | $8.60B |
| Total Non-Current Liabilities | $- | $12.59B | $294.00M | $11.25B | $8.64B |
| Other Liabilities | $14.90B | $-675.00M | $12.52B | $297.00M | $- |
| Total Liabilities | $14.90B | $12.60B | $12.84B | $11.97B | $9.02B |
| Preferred Stock | $- | $- | $- | $- | $- |
| Common Stock | $1.00M | $1.00M | $1.00M | $- | $- |
| Retained Earnings | $- | $462.00M | $-2.00M | $315.00M | $-480.00M |
| Accumulated Other Comprehensive Income Loss | $- | $- | $- | $- | $- |
| Other Total Stockholders Equity | $13.35B | $10.74B | $9.56B | $8.55B | $7.66B |
| Total Stockholders Equity | $13.36B | $11.20B | $9.55B | $8.87B | $7.18B |
| Total Equity | $13.36B | $11.20B | $9.55B | $8.87B | $7.18B |
| Total Liabilities and Stockholders Equity | $28.25B | $23.80B | $22.40B | $20.84B | $16.20B |
| Minority Interest | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $28.25B | $23.80B | $22.40B | $20.84B | $16.20B |
| Total Investments | $26.72B | $22.87B | $21.78B | $20.01B | $15.52B |
| Total Debt | $- | $11.94B | $12.32B | $11.14B | $8.55B |
| Net Debt | $-635.00M | $-535.00M | $-303.00M | $-372.00M | $-254.00M |
Balance Sheet Charts
| Breakdown | March 31, 2025 | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $647.00M | $635.00M | $486.00M | $601.00M | $509.00M | $535.00M | $527.00M | $411.00M | $359.00M | $303.00M | $257.00M | $204.00M | $695.00M | $372.00M | $1.19B | $377.00M | $337.00M | $254.00M | $233.00M | $278.00M |
| Short Term Investments | $- | $- | $- | $- | $1.00M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $647.00M | $635.00M | $486.00M | $601.00M | $510.00M | $535.00M | $527.00M | $411.00M | $359.00M | $303.00M | $257.00M | $204.00M | $695.00M | $372.00M | $1.19B | $377.00M | $337.00M | $254.00M | $233.00M | $278.00M |
| Net Receivables | $239.00M | $292.00M | $269.00M | $331.00M | $464.00M | $261.00M | $259.00M | $186.00M | $194.00M | $180.00M | $181.00M | $235.00M | $133.00M | $222.00M | $135.00M | $312.00M | $100.00M | $223.00M | $136.00M | $183.00M |
| Inventory | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Current Assets | $- | $- | $- | $80.00M | $68.00M | $- | $- | $- | $18.00M | $- | $- | $57.00M | $- | $- | $- | $- | $- | $72.00M | $- | $23.00M |
| Total Current Assets | $886.00M | $927.00M | $755.00M | $1.01B | $1.04B | $796.00M | $742.00M | $592.00M | $553.00M | $483.00M | $438.00M | $496.00M | $828.00M | $594.00M | $1.30B | $689.00M | $456.00M | $549.00M | $369.00M | $484.00M |
| Property Plant Equipment Net | $- | $- | $7.00M | $8.00M | $9.00M | $10.00M | $13.00M | $15.00M | $18.00M | $20.00M | $21.00M | $23.00M | $24.00M | $27.00M | $31.00M | $34.00M | $36.00M | $38.00M | $85.00M | $90.00M |
| Goodwill | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Long Term Investments | $- | $26.72B | $25.92B | $24.97B | $23.12B | $22.87B | $21.93B | $21.50B | $21.15B | $21.78B | $21.34B | $21.17B | $19.49B | $20.01B | $17.68B | $17.14B | $15.43B | $15.52B | $14.36B | $13.84B |
| Tax Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $- | $-26.72B | $-25.92B | $99.00M | $82.00M | $-22.87B | $-21.93B | $-21.50B | $- | $-21.78B | $-21.34B | $-21.17B | $-19.49B | $-20.01B | $-17.68B | $-17.14B | $-15.43B | $-15.52B | $-14.36B | $-13.84B |
| Total Non-Current Assets | $- | $54.05B | $7.00M | $25.08B | $23.21B | $10.00M | $13.00M | $15.00M | $21.17B | $20.00M | $21.00M | $23.00M | $24.00M | $27.00M | $31.00M | $34.00M | $36.00M | $38.00M | $85.00M | $90.00M |
| Other Assets | $27.43B | $-26.72B | $26.34B | $- | $- | $22.99B | $22.16B | $21.62B | $93.00M | $21.89B | $21.58B | $21.28B | $19.61B | $20.22B | $17.82B | $17.30B | $15.53B | $15.61B | $14.50B | $13.94B |
| Total Assets | $28.32B | $28.25B | $27.10B | $26.09B | $24.26B | $23.80B | $22.92B | $22.23B | $21.81B | $22.40B | $22.04B | $21.80B | $20.46B | $20.84B | $19.15B | $18.03B | $16.02B | $16.20B | $14.95B | $14.52B |
| Account Payables | $- | $406.00M | $164.00M | $163.00M | $121.00M | $139.00M | $218.00M | $214.00M | $208.00M | $294.00M | $356.00M | $322.00M | $162.00M | $427.00M | $306.00M | $283.00M | $163.00M | $179.00M | $150.00M | $198.00M |
| Short Term Debt | $- | $- | $- | $14.00M | $- | $- | $30.00M | $41.00M | $- | $- | $54.00M | $37.00M | $39.00M | $- | $21.00M | $53.00M | $43.40M | $- | $108.00M | $113.00M |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Current Liabilities | $- | $-406.00M | $616.00M | $1.11B | $-121.00M | $234.00M | $-228.00M | $-231.00M | $-208.00M | $-294.00M | $-410.00M | $211.00M | $-201.00M | $-427.00M | $-279.00M | $-283.00M | $-150.40M | $-179.00M | $-150.00M | $-198.00M |
| Total Current Liabilities | $- | $865.00M | $780.00M | $1.28B | $881.00M | $373.00M | $20.00M | $24.00M | $855.00M | $523.00M | $1.02B | $570.00M | $482.00M | $838.00M | $48.00M | $53.00M | $56.00M | $447.00M | $108.00M | $113.00M |
| Long Term Debt | $- | $- | $- | $11.00M | $11.74B | $11.00M | $16.00M | $16.00M | $11.26B | $46.00M | $33.00M | $- | $28.00M | $71.00M | $10.08B | $45.00M | $8.05B | $102.00M | $104.00M | $101.00M |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $- | $- | $- | $13.70B | $73.00M | $12.57B | $11.62B | $11.45B | $-11.05B | $248.00M | $323.00M | $12.43B | $134.00M | $356.00M | $489.00M | $9.39B | $284.00M | $-43.00M | $7.59B | $7.42B |
| Total Non-Current Liabilities | $- | $- | $14.31B | $13.71B | $11.81B | $12.58B | $11.64B | $11.46B | $208.00M | $294.00M | $356.00M | $12.43B | $162.00M | $427.00M | $10.57B | $9.43B | $8.33B | $59.00M | $7.70B | $7.53B |
| Other Liabilities | $- | $14.90B | $-767.00M | $-1.27B | $-309.00M | $-356.00M | $449.00M | $389.00M | $10.70B | $12.03B | $11.22B | $-533.00M | $10.44B | $10.71B | $- | $461.00M | $- | $8.51B | $180.00M | $187.00M |
| Total Liabilities | $14.64B | $14.90B | $14.33B | $13.73B | $12.38B | $12.60B | $12.11B | $11.88B | $11.76B | $12.84B | $12.60B | $12.46B | $11.08B | $11.97B | $10.62B | $9.95B | $8.39B | $9.02B | $7.99B | $7.83B |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $1.00M | $1.00M | $1.00M | $1.00M | $1.00M | $1.00M | $1.00M | $1.00M | $1.00M | $1.00M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Retained Earnings | $- | $- | $728.00M | $642.00M | $620.00M | $462.00M | $309.00M | $80.00M | $15.00M | $-2.00M | $66.00M | $196.00M | $308.00M | $315.00M | $164.00M | $19.00M | $-282.00M | $-480.00M | $-697.00M | $-969.00M |
| Accumulated Other Comprehensive Income Loss | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Total Stockholders Equity | $13.67B | $13.35B | $12.04B | $11.72B | $11.25B | $10.74B | $10.51B | $10.27B | $10.03B | $9.56B | $9.37B | $9.14B | $9.07B | $8.55B | $8.37B | $8.06B | $7.91B | $7.66B | $7.66B | $7.66B |
| Total Stockholders Equity | $13.67B | $13.36B | $12.77B | $12.36B | $11.87B | $11.20B | $10.81B | $10.35B | $10.05B | $9.55B | $9.44B | $9.34B | $9.38B | $8.87B | $8.54B | $8.08B | $7.63B | $7.18B | $6.96B | $6.69B |
| Total Equity | $13.67B | $13.36B | $12.77B | $12.36B | $11.87B | $11.20B | $10.81B | $10.35B | $10.05B | $9.55B | $9.44B | $9.34B | $9.38B | $8.87B | $8.54B | $8.08B | $7.63B | $7.18B | $6.96B | $6.69B |
| Total Liabilities and Stockholders Equity | $28.32B | $28.25B | $27.10B | $26.09B | $24.26B | $23.80B | $22.92B | $22.23B | $21.81B | $22.40B | $22.04B | $21.80B | $20.46B | $20.84B | $19.15B | $18.03B | $16.02B | $16.20B | $14.95B | $14.52B |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $28.32B | $28.25B | $27.10B | $26.09B | $24.26B | $23.80B | $22.92B | $22.23B | $21.81B | $22.40B | $22.04B | $21.80B | $20.46B | $20.84B | $19.15B | $18.03B | $16.02B | $16.20B | $14.95B | $14.52B |
| Total Investments | $27.13B | $26.72B | $25.92B | $24.97B | $23.12B | $22.87B | $21.93B | $21.50B | $21.15B | $21.78B | $21.34B | $21.17B | $19.49B | $20.01B | $17.68B | $17.14B | $15.43B | $15.52B | $14.36B | $13.84B |
| Total Debt | $- | $- | $13.00M | $13.01B | $11.74B | $11.94B | $11.57B | $11.43B | $11.27B | $12.32B | $11.93B | $11.84B | $10.64B | $11.14B | $10.04B | $9.38B | $8.06B | $8.55B | $7.66B | $7.51B |
| Net Debt | $-647.00M | $-635.00M | $-486.00M | $-601.00M | $11.23B | $-535.00M | $-527.00M | $-411.00M | $10.91B | $-303.00M | $-257.00M | $-204.00M | $-695.00M | $-372.00M | $8.85B | $-377.00M | $7.72B | $8.30B | $-233.00M | $-278.00M |
Annual Cash Flow
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Net Income | $- | $1.52B | $600.00M | $1.57B | $484.00M |
| Depreciation and Amortization | $- | $- | $- | $- | $23.00M |
| Deferred Income Tax | $- | $- | $- | $- | $- |
| Stock Based Compensation | $- | $- | $- | $- | $- |
| Change in Working Capital | $- | $31.00M | $-147.00M | $208.00M | $75.00M |
| Accounts Receivables | $- | $- | $- | $- | $12.00M |
| Inventory | $- | $- | $- | $- | $- |
| Accounts Payables | $24.00M | $24.00M | $-91.00M | $129.00M | $3.00M |
| Other Working Capital | $235.00M | $7.00M | $-56.00M | $79.00M | $60.00M |
| Other Non Cash Items | $-2.13B | $-1.04B | $-1.81B | $-4.23B | $-1.16B |
| Net Cash Provided by Operating Activities | $-2.13B | $511.00M | $-1.36B | $-2.46B | $-580.00M |
| Investments in Property Plant and Equipment | $- | $- | $- | $- | $- |
| Acquisitions Net | $- | $- | $- | $- | $- |
| Purchases of Investments | $-12.62B | $-5.80B | $-9.85B | $-13.64B | $-6.76B |
| Sales Maturities of Investments | $9.21B | $5.32B | $7.75B | $10.25B | $5.47B |
| Other Investing Activities | $- | $- | $- | $- | $- |
| Net Cash Used for Investing Activities | $- | $- | $-2.10B | $-3.39B | $-1.29B |
| Debt Repayment | $- | $-388.00M | $1.14B | $2.56B | $1.54B |
| Common Stock Issued | $1.36B | $1.16B | $1.00B | $819.00M | $4.00M |
| Common Stock Repurchased | $- | $- | $- | $- | $-100.00M |
| Dividends Paid | $-257.00M | $-1.03B | $-912.00M | $-694.00M | $-679.00M |
| Other Financing Activities | $1.32B | $-20.00M | $-16.00M | $-64.00M | $-60.00M |
| Net Cash Used Provided by Financing Activities | $2.42B | $-284.00M | $1.21B | $2.62B | $707.00M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- |
| Net Change in Cash | $296.00M | $227.00M | $-149.00M | $160.00M | $150.00M |
| Cash at End of Period | $860.00M | $564.00M | $337.00M | $486.00M | $326.00M |
| Cash at Beginning of Period | $564.00M | $337.00M | $486.00M | $326.00M | $176.00M |
| Operating Cash Flow | $-2.13B | $511.00M | $-1.36B | $-2.46B | $-557.00M |
| Capital Expenditure | $- | $- | $- | $- | $- |
| Free Cash Flow | $-2.13B | $511.00M | $-1.36B | $-2.46B | $-557.00M |
Cash Flow Charts
| Breakdown | March 31, 2025 | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-1.00M | $357.00M | $394.00M | $322.00M | $449.00M | $413.00M | $500.00M | $331.00M | $278.00M | $174.00M | $104.00M | $111.00M | $211.00M | $382.00M | $334.00M | $478.00M | $373.00M | $378.00M | $441.00M | $277.00M |
| Depreciation and Amortization | $8.00M | $- | $- | $- | $- | $- | $- | $- | $6.00M | $- | $- | $- | $7.00M | $- | $- | $- | $6.00M | $- | $- | $- |
| Deferred Income Tax | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Stock Based Compensation | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Change in Working Capital | $- | $112.00M | $36.00M | $47.00M | $-5.00M | $53.00M | $58.00M | $-61.00M | $-19.00M | $-43.00M | $23.00M | $54.00M | $-181.00M | $163.00M | $30.00M | $124.00M | $-109.00M | $86.00M | $102.00M | $-674.00M |
| Accounts Receivables | $- | $14.00M | $24.00M | $- | $10.00M | $29.00M | $- | $- | $-1.00M | $- | $-19.00M | $-11.00M | $18.00M | $- | $34.00M | $-37.00M | $44.00M | $- | $48.00M | $8.00M |
| Inventory | $- | $- | $- | $- | $- | $- | $- | $- | $1.00M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Accounts Payables | $-12.00M | $- | $- | $- | $7.00M | $-9.00M | $- | $- | $-46.00M | $11.00M | $35.00M | $24.00M | $-41.00M | $119.00M | $6.00M | $116.00M | $-112.00M | $3.00M | $- | $- |
| Other Working Capital | $- | $98.00M | $12.00M | $47.00M | $-22.00M | $33.00M | $58.00M | $-61.00M | $27.00M | $-54.00M | $7.00M | $41.00M | $-158.00M | $44.00M | $-10.00M | $45.00M | $-41.00M | $83.00M | $54.00M | $-682.00M |
| Other Non Cash Items | $-306.00M | $-737.00M | $-951.00M | $-55.00M | $-465.00M | $-825.00M | $-512.00M | $-318.00M | $607.00M | $-491.00M | $-107.00M | $-1.67B | $444.00M | $-2.31B | $-359.00M | $-1.79B | $219.00M | $-1.19B | $-539.00M | $550.00M |
| Net Cash Provided by Operating Activities | $-299.00M | $-268.00M | $-521.00M | $314.00M | $-21.00M | $-359.00M | $46.00M | $-48.00M | $872.00M | $-360.00M | $20.00M | $-1.50B | $481.00M | $-1.77B | $5.00M | $-1.19B | $489.00M | $-726.00M | $4.00M | $153.00M |
| Investments in Property Plant and Equipment | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Acquisitions Net | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Purchases of Investments | $-3.02B | $- | $-3.25B | $-3.27B | $-2.95B | $-1.95B | $-1.40B | $-1.33B | $-1.12B | $-9.85B | $-2.20B | $-2.77B | $-2.08B | $-13.64B | $-2.48B | $-4.02B | $-1.53B | $-3.39B | $- | $- |
| Sales Maturities of Investments | $2.53B | $- | $2.39B | $1.64B | $2.71B | $1.29B | $1.17B | $1.10B | $1.76B | $2.18B | $1.96B | $1.03B | $2.58B | $3.51B | $2.22B | $2.54B | $1.98B | $2.37B | $- | $- |
| Other Investing Activities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Cash Used for Investing Activities | $-481.00M | $- | $-858.00M | $- | $- | $-661.00M | $- | $- | $638.00M | $- | $-242.00M | $- | $502.00M | $- | $- | $- | $451.00M | $- | $- | $- |
| Debt Repayment | $- | $300.00M | $454.00M | $1.27B | $234.00M | $348.00M | $150.00M | $162.00M | $-1.05B | $390.00M | $86.00M | $1.20B | $-555.00M | $1.10B | $658.00M | $1.31B | $-542.00M | $941.00M | $151.00M | $-794.00M |
| Common Stock Issued | $384.00M | $528.00M | $302.00M | $449.00M | $85.00M | $236.00M | $215.00M | $227.00M | $477.00M | $193.00M | $229.00M | $69.00M | $510.00M | $132.00M | $303.00M | $135.00M | $249.00M | $4.00M | $- | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $-67.00M | $-303.00M | $-287.00M | $-279.00M | $-270.00M | $-263.00M | $-254.00M | $-253.00M | $-261.00M | $-247.00M | $-234.00M | $-223.00M | $-208.00M | $-182.00M | $-179.00M | $-167.00M | $-166.00M | $-169.00M | $-169.00M | $-169.00M |
| Other Financing Activities | $248.00M | $-21.00M | $-5.00M | $-18.00M | $-15.00M | $-3.00M | $-5.00M | $-12.00M | $- | $-1.00M | $- | $-1.00M | $- | $-15.00M | $-8.00M | $-17.00M | $- | $- | $-11.00M | $-4.00M |
| Net Cash Used Provided by Financing Activities | $181.00M | $504.00M | $464.00M | $1.42B | $34.00M | $318.00M | $106.00M | $124.00M | $-832.00M | $335.00M | $81.00M | $1.05B | $-253.00M | $1.04B | $774.00M | $1.26B | $-459.00M | $776.00M | $-29.00M | $-967.00M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- | $661.00M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $-118.00M | $236.00M | $-57.00M | $104.00M | $13.00M | $-41.00M | $152.00M | $76.00M | $40.00M | $-25.00M | $101.00M | $-453.00M | $228.00M | $-727.00M | $779.00M | $78.00M | $30.00M | $50.00M | $-25.00M | $-814.00M |
| Cash at End of Period | $742.00M | $860.00M | $624.00M | $681.00M | $577.00M | $564.00M | $605.00M | $453.00M | $377.00M | $337.00M | $362.00M | $261.00M | $714.00M | $486.00M | $1.21B | $434.00M | $356.00M | $326.00M | $276.00M | $301.00M |
| Cash at Beginning of Period | $860.00M | $624.00M | $681.00M | $577.00M | $564.00M | $605.00M | $453.00M | $377.00M | $337.00M | $362.00M | $261.00M | $714.00M | $486.00M | $1.21B | $434.00M | $356.00M | $326.00M | $276.00M | $301.00M | $1.11B |
| Operating Cash Flow | $-299.00M | $-268.00M | $-521.00M | $314.00M | $-21.00M | $-359.00M | $46.00M | $-48.00M | $872.00M | $-360.00M | $20.00M | $-1.50B | $481.00M | $-1.77B | $5.00M | $-1.19B | $489.00M | $-726.00M | $4.00M | $153.00M |
| Capital Expenditure | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Free Cash Flow | $-299.00M | $-268.00M | $-521.00M | $-1.32B | $-21.00M | $-359.00M | $46.00M | $-48.00M | $872.00M | $-360.00M | $20.00M | $-1.50B | $481.00M | $-1.77B | $5.00M | $-1.19B | $489.00M | $-726.00M | $4.00M | $150.00M |
Ares Capital Corporation is a business development company specializing in acquisition, recapitalization, mezzanine debt, restructurings, rescue financing, and leveraged buyout transactions of middle market companies. It also makes growth capital and general refinancing. It prefers to make investments in companies engaged in the basic and growth manufacturing, business services, consumer products, health care products and services, and information technology service sectors. The fund will also consider investments in industries such as restaurants, retail, oil and gas, and technology sectors. It focuses on investments in Northeast, Mid-Atlantic, Southeast and Southwest regions from its New York office, the Midwest region, from the Chicago office, and the Western region from the Los Angeles office. The fund typically invests between $20 million and $200 million and a maximum of $400 million in companies with an EBITDA between $10 million and $250 million. It makes debt investments between $10 million and $100 million The fund invests through revolvers, first lien loans, warrants, unitranche structures, second lien loans, mezzanine debt, private high yield, junior capital, subordinated debt, and non-control preferred and common equity. The fund also selectively considers third-party-led senior and subordinated debt financings and opportunistically considers the purchase of stressed and discounted debt positions. The fund prefers to be an agent and/or lead the transactions in which it invests. The fund also seeks board representation in its portfolio companies.
$20.67
Stock Price
$14.15B
Market Cap
3.20K
Employees
Los Angeles, CA
Location
Revenue (FY 2024)
$2.44B
48.9% YoY
Net Income (FY 2024)
$1.40B
-7.8% YoY
EPS (FY 2024)
$2.25
-16.0% YoY
Free Cash Flow (FY 2024)
$-2.13B
-516.4% YoY
Profitability
Gross Margin
100.0%
Net Margin
57.6%
ROE
10.5%
ROA
5.0%
Valuation
P/E Ratio
9.74
P/S Ratio
5.61
EV/EBITDA
0.00
Market Cap
$14.15B
Revenue & Net Income
Profit Margins
Cash Flow Summary
Operating Cash Flow
$-2.13B
-516.4% YoY
Free Cash Flow
$-2.13B
-516.4% YoY
Balance Sheet Summary
Total Assets
$28.25B
18.7% YoY
Total Debt
$-
100.0% YoY
Shareholder Equity
$13.36B
5.9% YoY
Dividend Overview
$0.00
Latest Dividend
%
Dividend Yield
%
Payout Ratio
Recent Dividend History
| Date | Amount | Type |
|---|---|---|
| 2025-06-13 | $0.00 | June 13, 25 |
| 2025-03-14 | $0.48 | March 14, 25 |
| 2024-12-13 | $0.48 | December 13, 24 |
| 2024-09-13 | $0.48 | September 13, 24 |
| 2024-06-14 | $0.48 | June 14, 24 |
| 2024-03-14 | $0.48 | March 14, 24 |
| 2023-12-14 | $0.48 | December 14, 23 |
| 2023-09-14 | $0.48 | September 14, 23 |
| 2023-06-14 | $0.48 | June 14, 23 |
| 2023-03-14 | $0.48 | March 14, 23 |
Ares Capital Dividends
Explore Ares Capital's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
1.88%
Dividend Payout Ratio
18.32%
Dividend Paid & Capex Coverage Ratio
-8.28x
Ares Capital Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0 | $0 | June 13, 2025 | |||
| $0.48 | $0.48 | March 14, 2025 | March 14, 2025 | March 31, 2025 | February 05, 2025 |
| $0.48 | $0.48 | December 13, 2024 | December 13, 2024 | December 30, 2024 | October 30, 2024 |
| $0.48 | $0.48 | September 13, 2024 | September 13, 2024 | September 30, 2024 | July 30, 2024 |
| $0.48 | $0.48 | June 14, 2024 | June 14, 2024 | June 28, 2024 | May 01, 2024 |
| $0.48 | $0.48 | March 14, 2024 | March 15, 2024 | March 29, 2024 | February 07, 2024 |
| $0.48 | $0.48 | December 14, 2023 | December 15, 2023 | December 28, 2023 | October 24, 2023 |
| $0.48 | $0.48 | September 14, 2023 | September 15, 2023 | September 29, 2023 | July 25, 2023 |
| $0.48 | $0.48 | June 14, 2023 | June 15, 2023 | June 30, 2023 | April 25, 2023 |
| $0.48 | $0.48 | March 14, 2023 | March 15, 2023 | March 31, 2023 | February 07, 2023 |
| $0.48 | $0.51 | December 14, 2022 | December 15, 2022 | December 29, 2022 | February 09, 2022 |
| $0.46 | $0.46 | September 14, 2022 | September 15, 2022 | September 30, 2022 | February 09, 2022 |
| $0.45 | $0.45 | June 14, 2022 | June 15, 2022 | June 30, 2022 | February 09, 2022 |
| $0.45 | $0.45 | March 14, 2022 | March 15, 2022 | March 31, 2022 | February 09, 2022 |
| $0.41 | $0.41 | December 14, 2021 | December 15, 2021 | December 30, 2021 | October 26, 2021 |
| $0.41 | $0.41 | September 14, 2021 | September 15, 2021 | September 30, 2021 | July 28, 2021 |
| $0.4 | $0.4 | June 14, 2021 | June 15, 2021 | June 30, 2021 | April 28, 2021 |
| $0.4 | $0.4 | March 12, 2021 | March 15, 2021 | March 31, 2021 | February 10, 2021 |
| $0.4 | $0.4 | December 14, 2020 | December 15, 2020 | December 30, 2020 | October 27, 2020 |
| $0.4 | $0.4 | September 14, 2020 | September 15, 2020 | September 30, 2020 | August 04, 2020 |
Ares Capital News
Read the latest news about Ares Capital, including recent articles, headlines, and updates.
Ares Capital (ARCC) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
Although the revenue and EPS for Ares Capital (ARCC) give a sense of how its business performed in the quarter ended March 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Ares Capital Corporation Announces March 31, 2025 Financial Results and Declares Second Quarter 2025 Dividend of $0.48 Per Share
NEW YORK--(BUSINESS WIRE)--Ares Capital Corporation (“Ares Capital”) (NASDAQ: ARCC) announced that its Board of Directors has declared a second quarter 2025 dividend of $0.48 per share. The second quarter 2025 dividend is payable on June 30, 2025 to stockholders of record as of June 13, 2025. MARCH 31, 2025 FINANCIAL RESULTS Ares Capital also announced financial results for its first quarter ended March 31, 2025. OPERATING RESULTS Q1-25(3) Q1-24(3) (dollar amounts in millions, except pe.
My 10 Must-Own Dividend Stocks For Your Retirement Portfolio (One Yields 9.65%)
I present 10 must-own dividend stocks for your retirement portfolio to help you blend dividend income, growth and capital appreciation, designed to anchor a well-diversified dividend portfolio. Allianz, BlackRock, Microsoft and Visa offer strong potential for dividend growth and capital appreciation when investing over the long term. Chevron, Realty Income, and Ares Capital provide attractive Dividend Yields, aligning well with income-focused investment strategies for long term retirement planning.
Wall Street Bulls Look Optimistic About Ares Capital (ARCC): Should You Buy?
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
These Assets Helped Me Achieve $3000 In Monthly Dividend Income
I transitioned from traditional S&P 500 index funds to high-yield dividend assets to build a more secure income stream. I eventually crossed an average above $3K per month. Business Development Companies like Ares Capital and Blackstone Secured Lending offer high dividend yields, making them attractive for income-focused portfolios. Option ETFs, such as JPMorgan Equity Premium Income ETF, provide substantial income but may underperform traditional indexes in total return.
3 High-Yielding BDCs For 2025
Despite expected volatility and potential recession, Ares Capital, Blackstone Secured Lending, and Morgan Stanley Direct Lending are likely to maintain their current dividends in 2025. Ares Capital's conservative fiscal strategy, solid dividend coverage, and investment-grade credit ratings position it well for the year ahead. Blackstone Secured Lending's defensively-positioned portfolio and robust liquidity make it a strong contender, despite lower interest rates potentially impacting the sector.
Ares Capital Q1 Preview: Beware Of Warning Signs In Credit Markets
There are warning signs in the private credit. Ares Capital faces risks due to high exposure to vulnerable sectors like healthcare and software, rising interest receivables. Refinancing challenges in a higher-for-longer rates environment and mixed recession signals further exacerbate concerns. In the upcoming Q1 FY25 earnings report, portfolio quality metrics and commentary on default risks, as well as implications in a recession, are key monitorables.
Economic Uncertainty Covered By Income Certainty
It's easy to tune out the worries of the world when your life is surrounded by cash flowing in from the market. We examine two strong income opportunities with over 2 decades of paying history. High yields can greatly reduce the stress caused by price movements.
A Rare Buying Opportunity: 11%+ Yields The Market Got Completely Wrong
One has grown its dividend for 48 consecutive quarters and just authorized a buyback of 7.5% of its outstanding shares. The other trades at a 17% discount to NAV and is backed by a legendary billionaire investor. Both yields are comfortably covered by cash flow and supported by strong balance sheets.
Gear Up for Ares Capital (ARCC) Q1 Earnings: Wall Street Estimates for Key Metrics
Besides Wall Street's top -and-bottom-line estimates for Ares Capital (ARCC), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended March 2025.
Focusing On Lower Risk Shares (And Updated Charts For High-Yield Stocks)
Market volatility has increased, making it challenging to predict future Treasury rates and impacting the frequency of my article publications. Price-to-book ratios reveal bargains. Preferred shares offer lower risk and high yields; recent trades in DX-C and EFC-B have been profitable.
High-Yield Investors Rejoice: 2 Growth-Oriented BDCs Attractive On The Price Drop
Market volatility offers dividend investors a chance to buy high-quality BDCs like Blackstone Secured Lending and Morgan Stanley Direct Lending at attractive prices. Despite recession fears, BXSL and MSDL's strong fundamentals, low non-performing loans, and robust liquidity make them appealing investment opportunities. BXSL's $28 price and MSDL's discount to NAV present attractive entry points, backed by well-known asset managers and growth-focused strategies.
BDC Weekly Review: Consequences Of The Trade War For BDCs
We take a look at the action in business development companies through the second week of April and highlight some of the key themes we are watching. BDCs experienced a 3% decline this week, with volatility at its highest since COVID; traded volumes matched COVID levels. The trade war and market meltdown are causing growth slowdowns and inflation, potentially leading to Fed rate cuts.
My Dividend Stock Portfolio: New All-Time Dividend Record In March - 100 Holdings With 15 Buys
March investments totaled around $1,200, mainly in BDCs like Blue Owl Capital and Ares Capital, boosting annual dividend income by $100. Dividend income hit a new all-time record of $1,404, up 17% Y/Y driven by substantial purchases over the last twelve months. Focus remains firmly on maintaining rising BDC dividends and achieving a monthly increase of at least $100 in dividend income.
BDCs Offer The First Good Buying Opportunity After The Tariff Shock
The market tanked after Trump's reciprocal tariff announcement, with the S&P 500 and Nasdaq experiencing significant declines due to recession fears and trade war concerns, which spiked credit spreads. Rising credit spreads hurt BDCs, which are sensitive to default risk and borrowing costs, leading to sharp declines in their share prices. Credit spreads are still below 2022 highs and may decline if Trump rolls back tariffs to avoid inflation and pressure the Fed to cut rates.
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