Main Street Capital Balance Sheet Health
Financial Health criteria checks 2/6
Main Street Capital has a total shareholder equity of $2.7B and total debt of $2.2B, which brings its debt-to-equity ratio to 81.7%. Its total assets and total liabilities are $5.1B and $2.4B respectively. Main Street Capital's EBIT is $468.7M making its interest coverage ratio 4.1. It has cash and short-term investments of $84.4M.
Key information
81.7%
Debt to equity ratio
US$2.20b
Debt
| Interest coverage ratio | 4.1x |
| Cash | US$84.42m |
| Equity | US$2.69b |
| Total liabilities | US$2.40b |
| Total assets | US$5.09b |
Recent financial health updates
No updates
Recent updates
Main Street Capital (NYSE:MAIN) Ticks All The Boxes When It Comes To Earnings Growth
Dec 21
Main Street Vs. Fidus Investment: Both Are Top Class, One Is At Better Price
Dec 09Main Street Capital: A Great BDC That's Not A Buy Right Now
Nov 22Assessing Main Street's Preliminary Earnings For Q3 2024
Nov 07Main Street Capital: More Gains From This High-Yielder
Oct 18Main Street Capital Corporation's (NYSE:MAIN) Business And Shares Still Trailing The Market
Oct 05Main Street Capital: Overpriced 8% BDC Yield
Sep 30Main Street Capital: The Fears Of Premium Are Overblown
Sep 15Hold On To Main Street Capital To Walk Through Interest Rate Changes Safely
Sep 01Does Main Street Capital (NYSE:MAIN) Deserve A Spot On Your Watchlist?
Aug 29Main Street Capital: A Great Business At The Wrong Price
Aug 15Main Street Capital: 2 Reasons Not To Buy Right Now
Jul 26Main Street Capital: 40+ Big-Yield BDCs Compared
Jul 02Main Street Capital: Still Plenty Of Reasons To Own This BDC
Jun 25Little Excitement Around Main Street Capital Corporation's (NYSE:MAIN) Earnings
Jun 15Bad News For Main Street Capital Stock
Jun 04Main Street Capital: High Quality Comes At A High Premium
May 25Main Street Capital Q1 Earnings: Still One Of The Best In The Business
May 15Here's Why Main Street Capital (NYSE:MAIN) Has Caught The Eye Of Investors
May 07Main Street: Too Expensive To Touch, But Bonds Look Delicious
Apr 21Main Street Capital: A Solid 8% Yield, But Unattractive Risk/Reward (Rating Downgrade)
Apr 086.3% Monthly Yield: Why Main Street Capital Is A Great Dividend Growth Stock
Mar 15Main Street Capital: Solid Income Generator For The Long Term
Mar 06Investors Aren't Buying Main Street Capital Corporation's (NYSE:MAIN) Earnings
Feb 27Main Street Capital: Time To Face The Rate Cuts Reality (Downgrade)
Feb 08With EPS Growth And More, Main Street Capital (NYSE:MAIN) Makes An Interesting Case
Jan 23Main Street Capital Vs. CION Investment: Only One Is A Strong Buy
Jan 07Main Street Capital: A Great Income Stock For 2024
Dec 30Main Street Capital: Buy This Blue-Chip BDC Showering Shareholders With Monthly Dividends
Dec 232 Stocks To Help Build Your Dividend Income In 2024
Dec 14Main Street Capital: Well-Deserved Premium For This Leading BDC
Nov 14Main Street Capital: Capture A 7.1% Yield That Has Demonstrated Strong Results Recently (Rating Upgrade)
Oct 14Main Street Capital: Buy This Blue-Chip BDC And Sleep Like A Baby
Sep 29Building A Balanced Portfolio With Main Street Capital
Sep 19Main Street Capital: An Attractive Yield Opportunity
Aug 27Financial Position Analysis
Short Term Liabilities: MAIN's short term assets ($170.8M) exceed its short term liabilities ($100.6M).
Long Term Liabilities: MAIN's short term assets ($170.8M) do not cover its long term liabilities ($2.3B).
Debt to Equity History and Analysis
Debt Level: MAIN's net debt to equity ratio (78.6%) is considered high.
Reducing Debt: MAIN's debt to equity ratio has increased from 69.2% to 81.7% over the past 5 years.
Debt Coverage: MAIN's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: MAIN's interest payments on its debt are well covered by EBIT (4.1x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/30 00:21 |
| End of Day Share Price | 2024/12/30 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Main Street Capital Corporation is covered by 12 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Bryce Rowe | Baird |
| Bryce Rowe | B. Riley Securities, Inc. |
| Christopher Whitbread Nolan | FBR Capital Markets & Co. |