Ares Capital Stock Q4: A 10%-Yielding Piggy Bank -LSB

Garima
9 Min Read


Piggy Bank, 3D Render

Sezeryadigar

Ares Capital (NASDAQ:ARCCShares of ) gained more than 1% after BDC reported better than expected results for the December quarter. Ares Capital’s portfolio is performing well, net investment income is growing by double digits and BDC has seen an expansion

Q4’22

Q1’23

Q2’23

Q3’23

Q4’23

Gross commitments

2519 dollars

766 dollars

1218 dollars

1598 dollars

2384 dollars

Outputs of pledges

($2,333)

($1884)

($1138)

($1280)

($1427)

Net commitments

186 dollars

($1118)

80 dollars

318 dollars

957 dollars

Portfolio, Non-Accrual Trend

Q4’22

Q1’23

Q2’23

Q3’23

Q4’23

Portfolio value, fair value

21 780 dollars

$21,148

$21,496

$21,929

$22,874

Non-accrual amount (cost, $M)

372 dollars

496 dollars

444 dollars

266 dollars

295 dollars

In percentage

1.7%

2.3%

2.1%

1.2%

1.3%

Non-accrual amount (FV, $M)

241 dollars

277 dollars

239 dollars

136 dollars

136 dollars

In percentage

1.1%

1.3%

1.1%

0.6%

0.6%

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