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Also traded in: Germany, USA

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 4/10

vs
industry
vs
history
Cash-to-Debt 0.07
AFC's Cash-to-Debt is ranked lower than
92% of the 1565 Companies
in the Global Asset Management industry.

( Industry Median: 9999.00 vs. AFC: 0.07 )
Ranked among companies with meaningful Cash-to-Debt only.
AFC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02  Med: 0.07 Max: No Debt
Current: 0.07
Equity-to-Asset 0.58
AFC's Equity-to-Asset is ranked lower than
75% of the 1449 Companies
in the Global Asset Management industry.

( Industry Median: 0.85 vs. AFC: 0.58 )
Ranked among companies with meaningful Equity-to-Asset only.
AFC' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.52  Med: 0.6 Max: 0.96
Current: 0.58
0.52
0.96
Debt-to-Equity 0.66
AFC's Debt-to-Equity is ranked lower than
78% of the 697 Companies
in the Global Asset Management industry.

( Industry Median: 0.20 vs. AFC: 0.66 )
Ranked among companies with meaningful Debt-to-Equity only.
AFC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.23  Med: 0.64 Max: 0.83
Current: 0.66
0.23
0.83
Debt-to-EBITDA 6.23
AFC's Debt-to-EBITDA is ranked lower than
78% of the 694 Companies
in the Global Asset Management industry.

( Industry Median: 1.84 vs. AFC: 6.23 )
Ranked among companies with meaningful Debt-to-EBITDA only.
AFC' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -8.89  Med: 4.52 Max: 6.58
Current: 6.23
-8.89
6.58
Interest Coverage 2.49
AFC's Interest Coverage is ranked lower than
89% of the 1445 Companies
in the Global Asset Management industry.

( Industry Median: 399.93 vs. AFC: 2.49 )
Ranked among companies with meaningful Interest Coverage only.
AFC' s Interest Coverage Range Over the Past 10 Years
Min: 2.11  Med: 2.57 Max: 5.52
Current: 2.49
2.11
5.52
Piotroski F-Score: 3
Altman Z-Score: 1.13
Beneish M-Score: -1.76
WACC vs ROIC
5.95%
4.89%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 6/10

vs
industry
vs
history
Operating Margin % 47.71
AFC's Operating Margin % is ranked lower than
51% of the 1479 Companies
in the Global Asset Management industry.

( Industry Median: 49.37 vs. AFC: 47.71 )
Ranked among companies with meaningful Operating Margin % only.
AFC' s Operating Margin % Range Over the Past 10 Years
Min: 45.69  Med: 50.12 Max: 54.63
Current: 47.71
45.69
54.63
Net Margin % 45.82
AFC's Net Margin % is ranked higher than
50% of the 1480 Companies
in the Global Asset Management industry.

( Industry Median: 44.88 vs. AFC: 45.82 )
Ranked among companies with meaningful Net Margin % only.
AFC' s Net Margin % Range Over the Past 10 Years
Min: -57.99  Med: 52.88 Max: 143.12
Current: 45.82
-57.99
143.12
ROE % 8.10
AFC's ROE % is ranked higher than
53% of the 1571 Companies
in the Global Asset Management industry.

( Industry Median: 7.29 vs. AFC: 8.10 )
Ranked among companies with meaningful ROE % only.
AFC' s ROE % Range Over the Past 10 Years
Min: -12.57  Med: 10.65 Max: 32.12
Current: 8.1
-12.57
32.12
ROA % 4.66
AFC's ROA % is ranked higher than
52% of the 1602 Companies
in the Global Asset Management industry.

( Industry Median: 4.08 vs. AFC: 4.66 )
Ranked among companies with meaningful ROA % only.
AFC' s ROA % Range Over the Past 10 Years
Min: -7.11  Med: 6.56 Max: 20.12
Current: 4.66
-7.11
20.12
3-Year Revenue Growth Rate -0.80
AFC's 3-Year Revenue Growth Rate is ranked lower than
57% of the 1125 Companies
in the Global Asset Management industry.

( Industry Median: 3.20 vs. AFC: -0.80 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
AFC' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: -4.6  Med: 3.2 Max: 91.7
Current: -0.8
-4.6
91.7
3-Year EBITDA Growth Rate -4.90
AFC's 3-Year EBITDA Growth Rate is ranked lower than
61% of the 1015 Companies
in the Global Asset Management industry.

( Industry Median: 2.90 vs. AFC: -4.90 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
AFC' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: -16.9  Med: 7.95 Max: 97.3
Current: -4.9
-16.9
97.3
3-Year EPS without NRI Growth Rate -6.20
AFC's 3-Year EPS without NRI Growth Rate is ranked lower than
61% of the 965 Companies
in the Global Asset Management industry.

( Industry Median: 3.50 vs. AFC: -6.20 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
AFC' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -22.4  Med: 5.45 Max: 66.6
Current: -6.2
-22.4
66.6
GuruFocus has detected 8 Warning Signs with Ares Capital Corp AFC.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» AFC's 30-Y Financials

Financials (Next Earnings Date: 2018-02-22)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

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Business Description

Industry: Asset Management » Asset Management    NAICS: 523999    SIC: 6799
Compare:NYSE:JHG, NYSE:VOYA, NYSE:OAK, NAS:CG, XPAR:RF, ASX:CGF, XPAR:MF, BOG:GRUPOSURA, NYSE:EV, TSX:CIX, LSE:SMT, XBRU:ACKB, BSP:BPAC3, ASX:AFI, OSTO:LATO B, OSTO:MELK, TSX:IGM, XBRU:SOF, BOM:500490, JSE:REM » details
Traded in other countries:9A2.Germany, ARCC.USA,
Headquarter Location:USA
Ares Capital Corp is a specialty finance company that is a closed-end, non-diversified management investment company. Its investment objective is to generate both current income and capital appreciation through debt and equity investments.

Ares Capital Corp is a US-based closed-ended specialty finance company. Its investment objective is to generate both current income and capital appreciation through debt and equity investments. The company focuses on investing primarily in U.S. middle-market companies with investment opportunities as well as in larger companies. Its portfolio comprises of first lien senior secured loans, second lien senior secured loans and mezzanine debt (subordinated unsecured loan) which may include equity components which are diversified by industry and sector. The company may invest in preferred and common equity investments to the lesser proportion. Its revenue mainly consists of interest and dividend income received from the investment made.

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Ratios

vs
industry
vs
history
PE Ratio 12.91
AFC's PE Ratio is ranked lower than
54% of the 1198 Companies
in the Global Asset Management industry.

( Industry Median: 11.52 vs. AFC: 12.91 )
Ranked among companies with meaningful PE Ratio only.
AFC' s PE Ratio Range Over the Past 10 Years
Min: 3.47  Med: 9.35 Max: 107.64
Current: 12.91
3.47
107.64
Forward PE Ratio 11.00
AFC's Forward PE Ratio is ranked higher than
72% of the 120 Companies
in the Global Asset Management industry.

( Industry Median: 13.70 vs. AFC: 11.00 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PE Ratio without NRI 12.91
AFC's PE Ratio without NRI is ranked lower than
53% of the 1201 Companies
in the Global Asset Management industry.

( Industry Median: 11.76 vs. AFC: 12.91 )
Ranked among companies with meaningful PE Ratio without NRI only.
AFC' s PE Ratio without NRI Range Over the Past 10 Years
Min: 3.47  Med: 9.35 Max: 107.64
Current: 12.91
3.47
107.64
PB Ratio 0.99
AFC's PB Ratio is ranked higher than
50% of the 1557 Companies
in the Global Asset Management industry.

( Industry Median: 0.99 vs. AFC: 0.99 )
Ranked among companies with meaningful PB Ratio only.
AFC' s PB Ratio Range Over the Past 10 Years
Min: 0.3  Med: 1.01 Max: 1.38
Current: 0.99
0.3
1.38
PS Ratio 5.78
AFC's PS Ratio is ranked higher than
52% of the 1312 Companies
in the Global Asset Management industry.

( Industry Median: 5.77 vs. AFC: 5.78 )
Ranked among companies with meaningful PS Ratio only.
AFC' s PS Ratio Range Over the Past 10 Years
Min: 1.31  Med: 5.2 Max: 7.37
Current: 5.78
1.31
7.37
EV-to-EBIT 15.15
AFC's EV-to-EBIT is ranked lower than
67% of the 1145 Companies
in the Global Asset Management industry.

( Industry Median: 9.97 vs. AFC: 15.15 )
Ranked among companies with meaningful EV-to-EBIT only.
AFC' s EV-to-EBIT Range Over the Past 10 Years
Min: -70.7  Med: 10.9 Max: 72.4
Current: 15.15
-70.7
72.4
EV-to-EBITDA 15.15
AFC's EV-to-EBITDA is ranked lower than
68% of the 1169 Companies
in the Global Asset Management industry.

( Industry Median: 9.23 vs. AFC: 15.15 )
Ranked among companies with meaningful EV-to-EBITDA only.
AFC' s EV-to-EBITDA Range Over the Past 10 Years
Min: -71.8  Med: 10.9 Max: 71.3
Current: 15.15
-71.8
71.3
EV-to-Revenue 10.14
AFC's EV-to-Revenue is ranked lower than
68% of the 1289 Companies
in the Global Asset Management industry.

( Industry Median: 5.55 vs. AFC: 10.14 )
Ranked among companies with meaningful EV-to-Revenue only.
AFC' s EV-to-Revenue Range Over the Past 10 Years
Min: 4.8  Med: 8.6 Max: 12.4
Current: 10.14
4.8
12.4
Shiller PE Ratio 9.73
AFC's Shiller PE Ratio is ranked higher than
86% of the 436 Companies
in the Global Asset Management industry.

( Industry Median: 20.29 vs. AFC: 9.73 )
Ranked among companies with meaningful Shiller PE Ratio only.
AFC' s Shiller PE Ratio Range Over the Past 10 Years
Min: 7.54  Med: 9.3 Max: 10.63
Current: 9.73
7.54
10.63
Current Ratio 1.29
AFC's Current Ratio is ranked lower than
73% of the 1015 Companies
in the Global Asset Management industry.

( Industry Median: 4.24 vs. AFC: 1.29 )
Ranked among companies with meaningful Current Ratio only.
AFC' s Current Ratio Range Over the Past 10 Years
Min: 0.36  Med: 1.3 Max: 4.13
Current: 1.29
0.36
4.13
Quick Ratio 1.29
AFC's Quick Ratio is ranked lower than
71% of the 1015 Companies
in the Global Asset Management industry.

( Industry Median: 4.04 vs. AFC: 1.29 )
Ranked among companies with meaningful Quick Ratio only.
AFC' s Quick Ratio Range Over the Past 10 Years
Min: 0.36  Med: 1.3 Max: 4.13
Current: 1.29
0.36
4.13
Days Sales Outstanding 45.58
AFC's Days Sales Outstanding is ranked lower than
53% of the 548 Companies
in the Global Asset Management industry.

( Industry Median: 43.12 vs. AFC: 45.58 )
Ranked among companies with meaningful Days Sales Outstanding only.
AFC' s Days Sales Outstanding Range Over the Past 10 Years
Min: 26.64  Med: 52.05 Max: 104.55
Current: 45.58
26.64
104.55
Days Payable 451.15
AFC's Days Payable is ranked higher than
91% of the 254 Companies
in the Global Asset Management industry.

( Industry Median: 69.20 vs. AFC: 451.15 )
Ranked among companies with meaningful Days Payable only.
AFC' s Days Payable Range Over the Past 10 Years
Min: 42.79  Med: 129.38 Max: 451.15
Current: 451.15
42.79
451.15

Buy Back

vs
industry
vs
history
3-Year Average Share Buyback Ratio -1.80
AFC's 3-Year Average Share Buyback Ratio is ranked lower than
54% of the 991 Companies
in the Global Asset Management industry.

( Industry Median: -1.00 vs. AFC: -1.80 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
AFC' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -87.3  Med: -28.3 Max: -1.8
Current: -1.8
-87.3
-1.8

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 0.99
AFC's Price-to-Tangible-Book is ranked higher than
51% of the 1490 Companies
in the Global Asset Management industry.

( Industry Median: 0.99 vs. AFC: 0.99 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
AFC' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.43  Med: 1.05 Max: 1.35
Current: 0.99
0.43
1.35
Price-to-Intrinsic-Value-Projected-FCF 17.63
AFC's Price-to-Intrinsic-Value-Projected-FCF is ranked lower than
100% of the 394 Companies
in the Global Asset Management industry.

( Industry Median: 1.14 vs. AFC: 17.63 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
AFC' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 2.99  Med: 17.47 Max: 1638
Current: 17.63
2.99
1638
Price-to-Median-PS-Value 1.11
AFC's Price-to-Median-PS-Value is ranked lower than
55% of the 883 Companies
in the Global Asset Management industry.

( Industry Median: 1.02 vs. AFC: 1.11 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
AFC' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.36  Med: 1.01 Max: 1.8
Current: 1.11
0.36
1.8
Earnings Yield (Greenblatt) % 6.60
AFC's Earnings Yield (Greenblatt) % is ranked higher than
52% of the 1614 Companies
in the Global Asset Management industry.

( Industry Median: 5.40 vs. AFC: 6.60 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
AFC' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: -14.1  Med: 8.5 Max: 18.7
Current: 6.6
-14.1
18.7
Forward Rate of Return (Yacktman) % -18.11
AFC's Forward Rate of Return (Yacktman) % is ranked lower than
87% of the 469 Companies
in the Global Asset Management industry.

( Industry Median: 8.10 vs. AFC: -18.11 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only.
AFC' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -22.6  Med: -16.5 Max: 7.2
Current: -18.11
-22.6
7.2

More Statistics

Short Percentage of Float0.00%

Piotroski F-Score Details

Piotroski F-Score: 33
Positive ROAY
Positive CFROAN
Higher ROA yoyY
CFROA > ROAN
Lower Leverage yoyN
Higher Current Ratio yoyN
Less Shares Outstanding yoyN
Higher Gross Margin yoyN
Higher Asset Turnover yoyY

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