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KBDC (Kayne Anderson BDC) Debt-to-Equity : 0.66 (As of Sep. 2024)


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What is Kayne Anderson BDC Debt-to-Equity?

Kayne Anderson BDC's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.0 Mil. Kayne Anderson BDC's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $779.5 Mil. Kayne Anderson BDC's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $1,186.2 Mil. Kayne Anderson BDC's debt to equity for the quarter that ended in Sep. 2024 was 0.66.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Kayne Anderson BDC's Debt-to-Equity or its related term are showing as below:

KBDC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.52   Med: 0.86   Max: 1.01
Current: 0.66

During the past 3 years, the highest Debt-to-Equity Ratio of Kayne Anderson BDC was 1.01. The lowest was 0.52. And the median was 0.86.

KBDC's Debt-to-Equity is ranked worse than
79.67% of 974 companies
in the Asset Management industry
Industry Median: 0.2 vs KBDC: 0.66

Kayne Anderson BDC Debt-to-Equity Historical Data

The historical data trend for Kayne Anderson BDC's Debt-to-Equity 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.

* Premium members only.

Kayne Anderson BDC Debt-to-Equity Chart

Kayne Anderson BDC Annual Data
Trend Dec21 Dec22 Dec23
Debt-to-Equity
0.85 0.97 1.01

Kayne Anderson BDC Quarterly Data
Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.87 1.01 0.81 0.52 0.66

Competitive Comparison of Kayne Anderson BDC's Debt-to-Equity

For the Asset Management subindustry, Kayne Anderson BDC's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.

Kayne Anderson BDC's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Kayne Anderson BDC's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Kayne Anderson BDC's Debt-to-Equity falls into.


Kayne Anderson BDC Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kayne Anderson BDC's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity=Total Debt / Total Stockholders Equity
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Stockholders Equity
=(0 + 689.319) / 683.056
=1.01

Kayne Anderson BDC's Debt to Equity Ratio for the quarter that ended in Sep. 2024 is calculated as

Debt to Equity=Total Debt / Total Stockholders Equity
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Stockholders Equity
=(0 + 779.489) / 1186.205
=0.66

* 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.

Kayne Anderson BDC  (NYSE:KBDC) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Kayne Anderson BDC Debt-to-Equity Related Terms

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Kayne Anderson BDC Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Kayne Anderson BDC Inc (NYSE:KBDC) » Definitions » Debt-to-Equity
Comparable Companies
Traded in Other Exchanges
N/A
Address
717 Texas Avenue, Suite 2200, Houston, TX, USA, 77002
Website
https://www.kaynebdc.com
Kayne Anderson BDC Inc is a business development company that invests primarily in first-lien senior secured loans, with a secondary focus on unitranche and split-lien loans to middle-market companies. Its investment objective is to generate current income and, to a lesser extent, capital appreciation primarily through debt investments in middle-market companies.