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Also traded in: Germany

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 0.05
ARCC's Cash-to-Debt is ranked lower than
95% of the 1516 Companies
in the Global Asset Management industry.

( Industry Median: 9999.00 vs. ARCC: 0.05 )
Ranked among companies with meaningful Cash-to-Debt only.
ARCC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02  Med: 0.07 Max: No Debt
Current: 0.05
Equity-to-Asset 0.59
ARCC's Equity-to-Asset is ranked lower than
76% of the 1407 Companies
in the Global Asset Management industry.

( Industry Median: 0.84 vs. ARCC: 0.59 )
Ranked among companies with meaningful Equity-to-Asset only.
ARCC' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.52  Med: 0.6 Max: 0.96
Current: 0.59
0.52
0.96
Interest Coverage 2.58
ARCC's Interest Coverage is ranked lower than
89% of the 1341 Companies
in the Global Asset Management industry.

( Industry Median: 1018.62 vs. ARCC: 2.58 )
Ranked among companies with meaningful Interest Coverage only.
ARCC' s Interest Coverage Range Over the Past 10 Years
Min: 2.11  Med: 2.57 Max: 5.52
Current: 2.58
2.11
5.52
Piotroski F-Score: 3
Altman Z-Score: 1.13
Beneish M-Score: -1.46
WACC vs ROIC
6.13%
5.00%
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 % 47.46
ARCC's Operating Margin % is ranked higher than
50% of the 1424 Companies
in the Global Asset Management industry.

( Industry Median: 49.57 vs. ARCC: 47.46 )
Ranked among companies with meaningful Operating Margin % only.
ARCC' s Operating Margin % Range Over the Past 10 Years
Min: 45.69  Med: 50.12 Max: 54.63
Current: 47.46
45.69
54.63
Net Margin % 44.32
ARCC's Net Margin % is ranked higher than
52% of the 1426 Companies
in the Global Asset Management industry.

( Industry Median: 41.12 vs. ARCC: 44.32 )
Ranked among companies with meaningful Net Margin % only.
ARCC' s Net Margin % Range Over the Past 10 Years
Min: -57.99  Med: 52.88 Max: 143.12
Current: 44.32
-57.99
143.12
ROE % 8.28
ARCC's ROE % is ranked higher than
62% of the 1518 Companies
in the Global Asset Management industry.

( Industry Median: 5.44 vs. ARCC: 8.28 )
Ranked among companies with meaningful ROE % only.
ARCC' s ROE % Range Over the Past 10 Years
Min: -12.57  Med: 10.65 Max: 32.12
Current: 8.28
-12.57
32.12
ROA % 4.70
ARCC's ROA % is ranked higher than
60% of the 1548 Companies
in the Global Asset Management industry.

( Industry Median: 2.89 vs. ARCC: 4.70 )
Ranked among companies with meaningful ROA % only.
ARCC' s ROA % Range Over the Past 10 Years
Min: -7.11  Med: 6.56 Max: 20.12
Current: 4.7
-7.11
20.12
3-Year Revenue Growth Rate -0.80
ARCC's 3-Year Revenue Growth Rate is ranked lower than
53% of the 1012 Companies
in the Global Asset Management industry.

( Industry Median: 1.10 vs. ARCC: -0.80 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
ARCC' 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
ARCC's 3-Year EBITDA Growth Rate is ranked lower than
61% of the 849 Companies
in the Global Asset Management industry.

( Industry Median: 2.30 vs. ARCC: -4.90 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
ARCC' 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
ARCC's 3-Year EPS without NRI Growth Rate is ranked lower than
60% of the 766 Companies
in the Global Asset Management industry.

( Industry Median: 3.80 vs. ARCC: -6.20 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
ARCC' 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 $ARCC.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» ARCC's 30-Y Financials

Financials (Next Earnings Date: 2017-08-03 Est.)


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

» Details

Guru Trades

Q2 2016

ARCC Guru Trades in Q2 2016

Paul Tudor Jones 160,235 sh (New)
Jeremy Grantham 479,538 sh (+94.22%)
NWQ Managers 694,403 sh (-0.67%)
Scott Black 147,872 sh (-2.84%)
Murray Stahl 10,162 sh (-12.10%)
Manning & Napier Advisors, Inc 32,302 sh (-12.37%)
Pioneer Investments 155,382 sh (-57.20%)
» More
Q3 2016

ARCC Guru Trades in Q3 2016

Columbia Wanger 1,592,150 sh (New)
David Dreman 15,670 sh (New)
Pioneer Investments 1,947,495 sh (+1153.36%)
NWQ Managers 1,116,673 sh (+60.81%)
Manning & Napier Advisors, Inc 32,302 sh (unchged)
Murray Stahl Sold Out
Scott Black 145,048 sh (-1.91%)
Paul Tudor Jones 154,308 sh (-3.70%)
Jeremy Grantham 21,159 sh (-95.59%)
» More
Q4 2016

ARCC Guru Trades in Q4 2016

Paul Singer 700,000 sh (New)
Pioneer Investments 2,145,836 sh (+10.18%)
David Dreman 15,670 sh (unchged)
Scott Black 144,614 sh (-0.30%)
NWQ Managers 1,100,193 sh (-1.48%)
Manning & Napier Advisors, Inc 31,212 sh (-3.37%)
Jeremy Grantham 20,179 sh (-4.63%)
Columbia Wanger 1,422,639 sh (-10.65%)
Paul Tudor Jones 16,383 sh (-89.38%)
» More
Q1 2017

ARCC Guru Trades in Q1 2017

Murray Stahl 11,985 sh (New)
John Paulson 1 sh (New)
George Soros 16,600 sh (New)
Paul Tudor Jones 33,217 sh (+102.75%)
Columbia Wanger 2,267,080 sh (+59.36%)
David Dreman 15,670 sh (unchged)
Manning & Napier Advisors, Inc 31,212 sh (unchged)
Paul Singer Sold Out
Jeremy Grantham Sold Out
Scott Black 144,100 sh (-0.36%)
NWQ Managers 1,051,768 sh (-4.40%)
Pioneer Investments 358,633 sh (-83.29%)
» More
» Details

Insider Trades

Latest Guru Trades with ARCC

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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Business Description

Industry: Asset Management » Asset Management    NAICS: 523999    SIC: 6799
Compare:OTCPK:IGIFF, NYSE:OAK, NYSE:VOYA, NAS:SEIC, NAS:CG, OTCPK:HRGLF, NYSE:KKR, NYSE:AMG, NYSE:EV, OTCPK:CIFAF, OTCPK:ABDNY, OTCPK:EUZOF, NYSE:ARES, OTCPK:CEVIF, NYSE:LM, OTCPK:TGOPY, NYSE:APO, OTCPK:HNDGF, OTCPK:MNGPY, OTCPK:FPAFY » details
Traded in other countries:9A2.Germany,
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.

Organized as a business development company, Ares Capital specializes in investing in middle-market companies through debt and equity instruments. The fund is externally managed by Ares Capital Management. At the close of 2008, its investments at fair value amounted to $2.0 billion.

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Ratios

vs
industry
vs
history
PE Ratio 12.28
ARCC's PE Ratio is ranked higher than
55% of the 1112 Companies
in the Global Asset Management industry.

( Industry Median: 12.73 vs. ARCC: 12.28 )
Ranked among companies with meaningful PE Ratio only.
ARCC' s PE Ratio Range Over the Past 10 Years
Min: 3.47  Med: 9.35 Max: 107.64
Current: 12.28
3.47
107.64
Forward PE Ratio 10.44
ARCC's Forward PE Ratio is ranked higher than
86% of the 208 Companies
in the Global Asset Management industry.

( Industry Median: 13.14 vs. ARCC: 10.44 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PE Ratio without NRI 12.28
ARCC's PE Ratio without NRI is ranked higher than
56% of the 1121 Companies
in the Global Asset Management industry.

( Industry Median: 12.98 vs. ARCC: 12.28 )
Ranked among companies with meaningful PE Ratio without NRI only.
ARCC' s PE Ratio without NRI Range Over the Past 10 Years
Min: 3.47  Med: 9.35 Max: 107.64
Current: 12.28
3.47
107.64
PB Ratio 1.01
ARCC's PB Ratio is ranked lower than
59% of the 1500 Companies
in the Global Asset Management industry.

( Industry Median: 1.00 vs. ARCC: 1.01 )
Ranked among companies with meaningful PB Ratio only.
ARCC' s PB Ratio Range Over the Past 10 Years
Min: 0.3  Med: 1.03 Max: 1.38
Current: 1.01
0.3
1.38
PS Ratio 5.41
ARCC's PS Ratio is ranked higher than
55% of the 1199 Companies
in the Global Asset Management industry.

( Industry Median: 6.49 vs. ARCC: 5.41 )
Ranked among companies with meaningful PS Ratio only.
ARCC' s PS Ratio Range Over the Past 10 Years
Min: 1.31  Med: 5.2 Max: 7.9
Current: 5.41
1.31
7.9
EV-to-EBIT 17.23
ARCC's EV-to-EBIT is ranked lower than
63% of the 1295 Companies
in the Global Asset Management industry.

( Industry Median: 11.90 vs. ARCC: 17.23 )
Ranked among companies with meaningful EV-to-EBIT only.
ARCC' s EV-to-EBIT Range Over the Past 10 Years
Min: -70.7  Med: 10.9 Max: 72.4
Current: 17.23
-70.7
72.4
EV-to-EBITDA 17.21
ARCC's EV-to-EBITDA is ranked lower than
65% of the 1333 Companies
in the Global Asset Management industry.

( Industry Median: 11.65 vs. ARCC: 17.21 )
Ranked among companies with meaningful EV-to-EBITDA only.
ARCC' s EV-to-EBITDA Range Over the Past 10 Years
Min: -71.8  Med: 10.9 Max: 71.3
Current: 17.21
-71.8
71.3
Shiller PE Ratio 10.03
ARCC's Shiller PE Ratio is ranked higher than
86% of the 389 Companies
in the Global Asset Management industry.

( Industry Median: 19.75 vs. ARCC: 10.03 )
Ranked among companies with meaningful Shiller PE Ratio only.
ARCC' s Shiller PE Ratio Range Over the Past 10 Years
Min: 7.54  Med: 8.99 Max: 10.46
Current: 10.03
7.54
10.46
Current Ratio 1.22
ARCC's Current Ratio is ranked lower than
69% of the 956 Companies
in the Global Asset Management industry.

( Industry Median: 4.32 vs. ARCC: 1.22 )
Ranked among companies with meaningful Current Ratio only.
ARCC' s Current Ratio Range Over the Past 10 Years
Min: 0.36  Med: 1.3 Max: 4.13
Current: 1.22
0.36
4.13
Quick Ratio 1.22
ARCC's Quick Ratio is ranked lower than
68% of the 956 Companies
in the Global Asset Management industry.

( Industry Median: 4.24 vs. ARCC: 1.22 )
Ranked among companies with meaningful Quick Ratio only.
ARCC' s Quick Ratio Range Over the Past 10 Years
Min: 0.36  Med: 1.3 Max: 4.13
Current: 1.22
0.36
4.13
Days Sales Outstanding 71.32
ARCC's Days Sales Outstanding is ranked lower than
57% of the 486 Companies
in the Global Asset Management industry.

( Industry Median: 40.24 vs. ARCC: 71.32 )
Ranked among companies with meaningful Days Sales Outstanding only.
ARCC' s Days Sales Outstanding Range Over the Past 10 Years
Min: 26.64  Med: 52.05 Max: 104.55
Current: 71.32
26.64
104.55
Days Payable 492.23
ARCC's Days Payable is ranked higher than
80% of the 230 Companies
in the Global Asset Management industry.

( Industry Median: 58.96 vs. ARCC: 492.23 )
Ranked among companies with meaningful Days Payable only.
ARCC' s Days Payable Range Over the Past 10 Years
Min: 42.79  Med: 129.38 Max: 492.23
Current: 492.23
42.79
492.23

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield % 9.04
ARCC's Dividend Yield % is ranked higher than
88% of the 1488 Companies
in the Global Asset Management industry.

( Industry Median: 4.04 vs. ARCC: 9.04 )
Ranked among companies with meaningful Dividend Yield % only.
ARCC' s Dividend Yield % Range Over the Past 10 Years
Min: 7.56  Med: 9.22 Max: 49.85
Current: 9.04
7.56
49.85
Dividend Payout Ratio 1.11
ARCC's Dividend Payout Ratio is ranked lower than
73% of the 900 Companies
in the Global Asset Management industry.

( Industry Median: 0.55 vs. ARCC: 1.11 )
Ranked among companies with meaningful Dividend Payout Ratio only.
ARCC' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.36  Med: 0.83 Max: 1.27
Current: 1.11
0.36
1.27
Forward Dividend Yield % 9.07
ARCC's Forward Dividend Yield % is ranked higher than
87% of the 1408 Companies
in the Global Asset Management industry.

( Industry Median: 4.36 vs. ARCC: 9.07 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 9.62
ARCC's 5-Year Yield-on-Cost % is ranked higher than
82% of the 1743 Companies
in the Global Asset Management industry.

( Industry Median: 6.87 vs. ARCC: 9.62 )
Ranked among companies with meaningful 5-Year Yield-on-Cost % only.
ARCC' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 8.02  Med: 9.79 Max: 52.91
Current: 9.62
8.02
52.91
3-Year Average Share Buyback Ratio -1.80
ARCC's 3-Year Average Share Buyback Ratio is ranked lower than
52% of the 868 Companies
in the Global Asset Management industry.

( Industry Median: -1.30 vs. ARCC: -1.80 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
ARCC' 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 1.02
ARCC's Price-to-Tangible-Book is ranked lower than
58% of the 1434 Companies
in the Global Asset Management industry.

( Industry Median: 1.01 vs. ARCC: 1.02 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
ARCC' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.43  Med: 1.06 Max: 1.26
Current: 1.02
0.43
1.26
Price-to-Median-PS-Value 1.05
ARCC's Price-to-Median-PS-Value is ranked lower than
54% of the 819 Companies
in the Global Asset Management industry.

( Industry Median: 1.01 vs. ARCC: 1.05 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
ARCC' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.36  Med: 1 Max: 2.3
Current: 1.05
0.36
2.3
Price-to-Graham-Number 0.74
ARCC's Price-to-Graham-Number is ranked higher than
56% of the 947 Companies
in the Global Asset Management industry.

( Industry Median: 0.82 vs. ARCC: 0.74 )
Ranked among companies with meaningful Price-to-Graham-Number only.
ARCC' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.37  Med: 0.66 Max: 2.1
Current: 0.74
0.37
2.1
Earnings Yield (Greenblatt) % 5.84
ARCC's Earnings Yield (Greenblatt) % is ranked higher than
55% of the 1804 Companies
in the Global Asset Management industry.

( Industry Median: 5.13 vs. ARCC: 5.84 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
ARCC' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: 1.4  Med: 9 Max: 18.7
Current: 5.84
1.4
18.7
Forward Rate of Return (Yacktman) % -16.71
ARCC's Forward Rate of Return (Yacktman) % is ranked lower than
80% of the 495 Companies
in the Global Asset Management industry.

( Industry Median: 5.09 vs. ARCC: -16.71 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only.
ARCC' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -22.9  Med: -16.1 Max: 7.2
Current: -16.71
-22.9
7.2

More Statistics

Revenue (TTM) (Mil) $1,039
EPS (TTM) $ 1.37
Beta0.81
Short Percentage of Float1.11%
52-Week Range $13.85 - 17.87
Shares Outstanding (Mil)425.94

Analyst Estimate

Dec17 Dec18
Revenue (Mil $) 1,157 1,278
EPS ($) 1.61 1.71
EPS without NRI ($) 1.61 1.71
EPS Growth Rate
(Future 3Y To 5Y Estimate)
3.00%
Dividends per Share ($) 1.54 1.58
» More Articles for ARCC

Headlines

Articles On GuruFocus.com
7 Cheap Stocks Based on Price-Sales Jan 24 2017 
7 Cheap Stocks Based on Price-Sales Jan 18 2017 
David Dreman Gains, Increases Multiple Positions in 3rd Quarter Dec 21 2016 
Insider Buys at Ares Capital Corporation Aug 26 2015 
Prospect Capital Looking – Solid Into Earnings Release Sep 10 2014 
Prospect Capital Continues To Build On Its Strengths Sep 10 2014 
Prospect Capital - Looking Solid Into Earnings Release Jul 22 2014 
Sector Watch: US Asset Management Stocks, High-Yield ARCC and BKCC Oct 28 2013 
4 Biggest High-Yield Shares Close to Heaven - Breaking 52-Week Highs and 11 Additional to Observe Sep 18 2013 
My 3 Favorites from the 20 Most Recommended Financial Dividend Shares Jan 15 2013 

More From Other Websites
Ares Capital Corporation to Attend the Deutsche Bank Global Financial Services Conference May 23 2017
BDC Boards: All Hat, No Cattle May 17 2017
Edited Transcript of ARCC earnings conference call or presentation 3-May-17 4:00pm GMT May 12 2017
Ares Capital Corporation Highlights First Quarter 2017 Financing Commitments May 04 2017
BDCs Get Hit as Ares Capital Disappoints May 03 2017
Ares Capital misses Street 1Q forecasts May 03 2017
Investor Network: Ares Capital Corporation to Host Earnings Call May 03 2017
Ares Capital Corporation Declares Second Quarter 2017 Dividend of $0.38 Per Share and Announces... May 03 2017
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Post Earnings Coverage as Ares Capital's GAAP EPS Surged 26% Mar 10 2017
Why Shares of Ares Management Dropped Today Mar 02 2017
Ares Capital’s Analyst Ratings Suggest Stable Earnings in 2017 Mar 01 2017
Ares Capital Valuations at a Premium on Relative Outperformance Mar 01 2017

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