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LIEN (Chicago Atlantic BDC) Return-on-Tangible-Asset : 9.77% (As of Mar. 2025)


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What is Chicago Atlantic BDC Return-on-Tangible-Asset?

Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Chicago Atlantic BDC's annualized Net Income for the quarter that ended in Mar. 2025 was $30.46 Mil. Chicago Atlantic BDC's average total tangible assets for the quarter that ended in Mar. 2025 was $311.63 Mil. Therefore, Chicago Atlantic BDC's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2025 was 9.77%.

The historical rank and industry rank for Chicago Atlantic BDC's Return-on-Tangible-Asset or its related term are showing as below:

LIEN' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -1.32   Med: 4.83   Max: 9.36
Current: 9.36

During the past 4 years, Chicago Atlantic BDC's highest Return-on-Tangible-Asset was 9.36%. The lowest was -1.32%. And the median was 4.83%.

LIEN's Return-on-Tangible-Asset is ranked better than
70.95% of 1680 companies
in the Asset Management industry
Industry Median: 4.23 vs LIEN: 9.36

Chicago Atlantic BDC Return-on-Tangible-Asset Historical Data

The historical data trend for Chicago Atlantic BDC's Return-on-Tangible-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.

* Premium members only.

Chicago Atlantic BDC Return-on-Tangible-Asset Chart

Chicago Atlantic BDC Annual Data
Trend Mar21 Mar22 Dec23 Dec24
Return-on-Tangible-Asset
- -1.32 8.46 4.83

Chicago Atlantic BDC Quarterly Data
Mar21 Jun21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Return-on-Tangible-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.32 5.73 -0.74 16.00 9.77

Competitive Comparison of Chicago Atlantic BDC's Return-on-Tangible-Asset

For the Asset Management subindustry, Chicago Atlantic BDC's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.


Chicago Atlantic BDC's Return-on-Tangible-Asset Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Chicago Atlantic BDC's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Chicago Atlantic BDC's Return-on-Tangible-Asset falls into.


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Chicago Atlantic BDC Return-on-Tangible-Asset Calculation

Chicago Atlantic BDC's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2024 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2024 )  (A: Dec. 2023 )(A: Dec. 2024 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2024 )  (A: Dec. 2023 )(A: Dec. 2024 )
=9.623/( (88.576+309.561)/ 2 )
=9.623/199.0685
=4.83 %

Chicago Atlantic BDC's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2025 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Mar. 2025 )  (Q: Dec. 2024 )(Q: Mar. 2025 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Mar. 2025 )  (Q: Dec. 2024 )(Q: Mar. 2025 )
=30.456/( (309.561+313.699)/ 2 )
=30.456/311.63
=9.77 %

* 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.

In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is four times the quarterly (Mar. 2025) net income data.


Chicago Atlantic BDC  (NAS:LIEN) Return-on-Tangible-Asset Explanation

Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.


Be Aware

Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the company’s earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a company’s tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).

Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.


Chicago Atlantic BDC Return-on-Tangible-Asset Related Terms

Thank you for viewing the detailed overview of Chicago Atlantic BDC's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Chicago Atlantic BDC Business Description

Traded in Other Exchanges
Address
600 Madison Avenue, Suite 1800, New York, NY, USA, 10022
Chicago Atlantic BDC Inc is a specialty finance company. The company is an externally managed, closed-end, non-diversified management investment company with an investment objective to maximize risk-adjusted returns on equity for its stockholders by investing in direct loans to privately held middle-market companies, with a focus on cannabis companies.
Executives
Umesh Mahajan officer: Chief Financial Officer 600 MADISON AVENUE, SUITE 1800, NEW YORK NY 10022
Scott Gordon director, 10 percent owner, officer: Chief Executive Officer 1114 6TH AVE, 41ST FLOOR, NEW YORK NY 10036
Gregory M. Gentile 10 percent owner, officer: CFO, CCO & Sec. 1114 6TH AVE, 41ST FLOOR, NEW YORK NY 10036
Silver Spike Capital, Llc 10 percent owner 600 MADISON AVE, SUITE 1800, NEW YORK NY 10022
Warson Tracey Brophy director 1350 AVENUE OF THE AMERICAS, NEW YORK NY 10019
Silver Spike Holdings, Lp 10 percent owner 600 MADISON AVENUE, SUITE 1800, NEW YORK NY 10022
Michael William Chorske director 660 MADISON AVENUE, SUITE 1600, NEW YORK NY 10065
Vivek Bunty Bohra director 660 MADISON AVENUE, SUITE 1600, NEW YORK NY 10065
Silver Spike Holdings Gp, Llc 10 percent owner 660 MADISON AVENUE, SUITE 1600, NEW YORK NY 10065
Da Corte Americo director 660 MADISON AVENUE, SUITE 1600, NEW YORK NY 10065