Ares Capital Balance Sheet Health
Financial Health criteria checks 1/6
Ares Capital has a total shareholder equity of $11.9B and total debt of $11.8B, which brings its debt-to-equity ratio to 99.1%. Its total assets and total liabilities are $24.3B and $12.4B respectively. Ares Capital's EBIT is $1.9B making its interest coverage ratio 3.2. It has cash and short-term investments of $510.0M.
Key information
99.1%
Debt to equity ratio
US$11.76b
Debt
Interest coverage ratio | 3.2x |
Cash | US$510.00m |
Equity | US$11.87b |
Total liabilities | US$12.38b |
Total assets | US$24.26b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0HHP's short term assets ($1.0B) do not cover its short term liabilities ($2.0B).
Long Term Liabilities: 0HHP's short term assets ($1.0B) do not cover its long term liabilities ($10.4B).
Debt to Equity History and Analysis
Debt Level: 0HHP's net debt to equity ratio (94.8%) is considered high.
Reducing Debt: 0HHP's debt to equity ratio has increased from 84.5% to 99.1% over the past 5 years.
Debt Coverage: 0HHP's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 0HHP's interest payments on its debt are well covered by EBIT (3.2x coverage).