Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Ares Dynamic Credit Allocation Fund's share price for the quarter that ended in Dec. 2023 was $13.75. Ares Dynamic Credit Allocation Fund's Shares Outstanding (EOP) for the quarter that ended in Dec. 2023 was 22.92 Mil. Therefore, Ares Dynamic Credit Allocation Fund's market cap for the quarter that ended in Dec. 2023 was $315.08 Mil.
Ares Dynamic Credit Allocation Fund's quarterly market cap
increased
from Dec. 2022 ($265.58 Mil) to Jun. 2023 ($282.54 Mil) and
increased
from Jun. 2023 ($282.54 Mil) to Dec. 2023 ($315.08 Mil).
Ares Dynamic Credit Allocation Fund's annual market cap
declined
from Dec. 2021 ($374.20 Mil) to Dec. 2022 ($265.58 Mil) but then
increased
from Dec. 2022 ($265.58 Mil) to Dec. 2023 ($315.08 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Ares Dynamic Credit Allocation Fund's Enterprise Value for Today is $370.98 Mil.
Ares Dynamic Credit Allocation Fund Market Cap Historical Data
The historical data trend for Ares Dynamic Credit Allocation Fund's Market Cap can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Asset Management subindustry, Ares Dynamic Credit Allocation Fund's Market Cap, along with its competitors' market caps and Market Cap data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Ares Dynamic Credit Allocation Fund Market Cap Distribution
For the Asset Management industry and Financial Services sector, Ares Dynamic Credit Allocation Fund's Market Cap distribution charts can be found below:
* The bar in red indicates where Ares Dynamic Credit Allocation Fund's Market Cap falls into.
Ares Dynamic Credit Allocation Fund Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Ares Dynamic Credit Allocation Fund's Market Cap for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Ares Dynamic Credit Allocation Fund (NYSE:ARDC) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Ares Dynamic Credit Allocation Fund Market Cap Related Terms
Thank you for viewing the detailed overview of Ares Dynamic Credit Allocation Fund's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Ares Dynamic Credit Allocation Fund (Ares Dynamic Credit Allocation Fund) Business Description
Ares Dynamic Credit Allocation Fund Inc is a closed-end, diversified management investment company. The fund's investment objective is to provide an attractive level of total return, through current income and, secondarily, through capital appreciation. The Fund invests in a broad, dynamically managed portfolio of senior secured loans (Senior Loans) made to companies whose debt is rated below investment grade; corporate bonds (Corporate Bonds) that are high yield issues rated below investment grade; other fixed-income instruments of a similar nature that may be represented by derivatives; and securities of collateralized loan obligations (CLOs).
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