Ares Capital Balance Sheet Health
Financial Health criteria checks 1/6
Ares Capital has a total shareholder equity of $11.2B and total debt of $12.0B, which brings its debt-to-equity ratio to 106.7%. Its total assets and total liabilities are $23.8B and $12.6B respectively. Ares Capital's EBIT is $1.9B making its interest coverage ratio 3.3. It has cash and short-term investments of $535.0M.
Key information
106.7%
Debt to equity ratio
US$11.95b
Debt
| Interest coverage ratio | 3.3x |
| Cash | US$535.00m |
| Equity | US$11.20b |
| Total liabilities | US$12.60b |
| Total assets | US$23.80b |
Recent financial health updates
No updates
Recent updates
Ares Capital: Attractive For Income Investors Yielding 9.6% Heading Into A Lower Rate Environment
Mar 25Ares Capital's NAV, Valuation, And Dividend Versus 14 BDC Peers - Part 1 (Includes Recommendations As Of 3/8/2024)
Mar 13Looking At Ares Capital's Financials Under Lower Interest Rates
Feb 20Ares Capital: The Only 10% Yielding BDC You Need
Feb 12Ares Capital: Dividend Looks Secure
Jan 30Better Buy: Ares Capital Or Oaktree Specialty Lending? - Big Yields +10%
Oct 17Ares Capital: A More Aggressive Fed Is Good For Its Earnings
Oct 07Where Prospect Capital Clearly Beats Ares Capital
Sep 28Better Buy: Ares Capital's 9.3% Yield Or FS KKR's 12.6%
Sep 16Why We Own Ares Capital Instead Of Owl Rock Capital
Sep 07Better Buy: Ares Capital's 8.8% Yield Or SLR Investment's 11%
Aug 24More Attractive After Quarterly Results: Ares Capital Or Oaktree Specialty Lending?
Aug 09Ares Capital Is Sliding And I Am Buying This 8% Yielding BDC
Aug 01Ares Capital Non-GAAP EPS of $0.46 beats by $0.02, TII of $479M beats by $12.79M
Jul 26Better 9%+ Yield Buy: Owl Rock Vs. Ares Capital
Jul 15Load Up The Truck With 9.3% Yielding Ares Capital
Jun 28Ares Capital: 10% Yield, Benefits From Rising Rates, Analyst Upgrades, 5% Discount
Jun 17Ares Capital Stock: 2 Reasons A Dividend Cut Could Be Coming
Jun 02Ares Capital Stock: Our Top Pick For The Rising Interest Rate Environment
May 12Ares Capital: Bag This 8% Yield And Call It A Day
Apr 28Ares Capital's NAV, Dividend, And Valuation Versus 15 BDC Peers - Part 2 (Includes Q2 + Q3 2022 Dividend Projection)
Mar 28Ares Capital Stock: 3 Reasons Why Dividend Growth Is Set To Continue
Mar 11Ares Capital Corp: The BDC King Retains Its Crown
Feb 20Ares Capital: Best-Of-Breed BDC's 7.4% Yield Is A Buy
Feb 08Ares Capital Yielding 7.7% Hits It Out Of The Park
Jan 23Ares Capital: Dividend Strategy To Help Prepare For The New Market Realities
Jan 14Ares Capital's NAV, Dividend, And Valuation Vs. 14 BDC Peers - Part 2 (Includes Q1 + Q2 2022 Dividend Projection)
Dec 16Ares Capital's NAV, Dividend, And Valuation Vs. 14 BDC Peers - Part 1 (Post Q3 2021 Earnings)
Dec 08Ares Capital: A Smart, Safe, Growing 8% Yielder You Can Count On
Nov 29Ares Capital: 7.6% Yield, Outperforming The Market
Oct 29Ares Capital: Book Value Premium And Growing Credit Risks Exacerbate Downside Risk
Oct 21Why Buy A CD When I Can Buy Ares Capital?
Oct 15Ares Capital's NAV, Dividend, And Valuation Vs. 14 BDC Peers - Part 2 (Includes Q4 2021 Dividend Projection)
Sep 17Ares Capital's NAV, Dividend And Valuation Vs. 14 BDC Peers - Part 1 (Post Q2 2021 Earnings)
Sep 10Ares Capital: 8.2% Yield, Have Your Cake And Eat It Too
Sep 01Ares Capital Scores Big, Again, But ...
Aug 23Ares Capital: A Monster Dividend With Plenty Of Potential
Jul 29Invest In The American Dream With This Blue-Chip BDC: Ares Capital - Yield 8.1%
Jul 06Ares Capital: Despite The Risks, This 8.0% Yield BDC Is Compelling
Jun 14Ares Capital Q1 2021 Earnings Preview
Apr 27Ares Capital's NAV, Dividend, And Valuation Vs. 14 BDC Peers - Part 2 (Includes Q1 2021 Dividend Projection)
Jan 10Ares Capital prices $650M debt offering
Jan 07Ares Capital's NAV, Dividend And Valuation Vs. 14 BDC Peers (Post Q3 2020 Earnings - Remains Attractively Valued)
Dec 29Ares Capital: An Excellent Portfolio Income Booster With 9.4% Yield
Dec 14Ares Capital (ARCC) Investor Presentation - Slideshow
Nov 19Financial Position Analysis
Short Term Liabilities: ARCC's short term assets ($825.0M) do not cover its short term liabilities ($1.9B).
Long Term Liabilities: ARCC's short term assets ($825.0M) do not cover its long term liabilities ($10.7B).
Debt to Equity History and Analysis
Debt Level: ARCC's net debt to equity ratio (101.9%) is considered high.
Reducing Debt: ARCC's debt to equity ratio has increased from 71.5% to 106.7% over the past 5 years.
Debt Coverage: ARCC's debt is not well covered by operating cash flow (4.3%).
Interest Coverage: ARCC's interest payments on its debt are well covered by EBIT (3.3x coverage).