Ares Capital (Ares Capital) LT-Debt-to-Total-Asset : 0.50 (As of Dec. 2023)

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What is Ares Capital LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Ares Capital's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.50.

Ares Capital's long-term debt to total assets ratio declined from Dec. 2022 (0.55) to Dec. 2023 (0.50). It may suggest that Ares Capital is progressively becoming less dependent on debt to grow their business.

Ares Capital LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ares Capital's LT-Debt-to-Total-Asset 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.

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Ares Capital LT-Debt-to-Total-Asset Chart

Ares Capital Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.48

0.53

0.55

0.50

Ares Capital Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.55	0.52	0.51	0.51	0.50

Ares Capital LT-Debt-to-Total-Asset Calculation

Ares Capital's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	11935	/	23800
	=	0.50

Ares Capital's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	11935	/	23800
	=	0.50

Ares Capital (NAS:ARCC) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Ares Capital LT-Debt-to-Total-Asset Related Terms

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Ares Capital (Ares Capital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Ares Capital Corp (NAS:ARCC) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

9A2:Germany 9A2:Germany 9A2:Germany

Address

245 Park Avenue, 44th Floor, New York, NY, USA, 10167

Website

https://www.arescapitalcorp.com

Ares Capital Corp is a United States-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 that are diversified by industry and sector. The company may invest in preferred and common equity investments to a lesser proportion. Its revenue mainly consists of interest and dividend income received from the investment made.

Executives

Michael Kort Schnabel	officer: Co-President	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Penelope F Roll	officer: Chief Financial Officer
Jana Markowicz	officer: Chief Operating Officer	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Mary Beth Henson	director	130 EAST 75TH STREET, APT 7C, NEW YORK NY 10021
Steven B. Mckeever	director	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Michael J Arougheti	officer: President	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Michael Lewis Smith	officer: Executive Vice President	245 PARK AVENUE, 44TH FLOOR, NEW YORK NY 10167
Joshua M Bloomstein	officer: Gen. Counsel, VP & Asst. Secr.	C/O ARES MANAGEMENT LLC, 280 PARK AVENUE, 22ND FL EAST, NEW YORK NY 10017
R. Kipp Deveer	officer: President	245 PARK AVENUE, 44TH FLOOR, NEW YORK NY 10167
Eric B Siegel	director	123 W MILLS, EL PASO TX 79901
Michael K Parks	director	123 W MILLS, EL PASO TX 79901
Robert L Rosen	director	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Steve Bartlett	director	7711 CARONDELET AVE, SUITE 800, ST LOUIS MO 63105
Kelly Daniel G Jr	director	2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Bates Ann Torre	director	300 CONTINENTAL DRIVE, NEWARK DE 19713