← Barings BDC, Inc.
| Annual Trend | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Interest and fees receivable | — | $42.7m | $51.6m | $39.9m | $41.4m | |
| Prepaid expenses and other assets | $3.4m | $1.1m | $3.6m | $1.7m | $981k | |
| Receivable from unsettled transactions | — | $20.0m | $1.3m | $16.4m | $56.0m | |
| Cash And Cash Equivalents | — | $139.4m | $70.5m | $77.8m | $53.8m | |
| Cash Equivalents | $34.3m | $43.3m | $13.3m | $17.0m | — | |
| Prepaid Assets | $3.4m | $1.1m | $3.6m | — | — | |
| Receivables | — | $62.7m | $52.9m | $56.3m | $97.4m | |
| Additional Financial Items | ||||||
| Cash (restricted cash of $12,933 and $13,493 as of December 31, 2025 and 2024, respectively) | — | $96.2m | $57.2m | $74.4m | $51.9m | |
| Foreign currencies (cost of $14,922 and $17,343 as of December 31, 2025 and 2024, respectively) | — | $43.3m | $13.3m | $17.0m | $14.9m | |
| Derivative asset | $16.3m | $54.6m | $57.8m | $88.3m | $64.0m | |
| Deferred financing fees | $3.0m | $3.2m | $3.9m | $8.7m | $8.7m | |
| Interest payable | $5.7m | $7.6m | $8.4m | $16.2m | $18.5m | |
| Administrative fees payable | $750k | $677k | $536k | $540k | $381k | |
| Base management fees payable | $5.4m | $8.0m | $8.3m | $7.9m | $8.6m | |
| Incentive management fees payable | — | $0 | $7.7m | $7.9m | $7.0m | |
| Derivative liabilities | $1.2m | $16.7m | $11.3m | $9.4m | $3.6m | |
| Payable from unsettled transactions | — | $35.6m | $1.1m | $7.4m | $183k | |
| Borrowings under credit facility | $655.2m | $729.1m | $719.9m | $438.6m | $226.8m | |
| Notes payable (net of deferred financing fees) | $717.6m | $719.0m | $720.6m | $1.0b | $1.2b | |
| Cash Financial | — | $139.4m | $70.5m | $77.8m | $53.8m | |
| Derivative Product Liabilities | — | $16.7m | $11.3m | $9.4m | $3.6m | |
| Invested Capital | — | $2.6b | $2.6b | $2.6b | $2.6b | |
| Investmentin Financial Assets | — | $2.5b | $2.5b | $2.5b | $2.5b | |
| Investments And Advances | — | $2.5b | $2.5b | $2.5b | $2.5b | |
| Net Debt | — | $1.3b | $1.4b | $1.4b | $1.4b | |
| Net Tangible Assets | — | $1.2b | $1.2b | $1.2b | $1.2b | |
| Ordinary Shares Number | — | $107.9m | $106.1m | $105.4m | $104.7m | |
| Other Payable | — | $8.7m | $16.6m | $16.3m | $16.0m | |
| Share Issued | — | $107.9m | $106.1m | $105.4m | $104.7m | |
| Tangible Book Value | — | $1.2b | $1.2b | $1.2b | $1.2b | |
| Total investments at fair value | $1.8b | $2.4b | $2.5b | $2.4b | $2.4b | |
| Total distributable earnings (loss) | ($285.8m) | ($663.8m) | ($658.0m) | ($656.7m) | ($702.3m) | |
| Total net assets | $741.9m | $1.2b | $1.2b | $1.2b | $1.2b | |
| Financial Assets Designatedas Fair Value Through Profitor Loss Total | — | $2.4b | $2.5b | $2.4b | $2.4b | |
| Total Capitalization | — | $2.6b | $2.6b | $2.6b | $2.6b | |
| Total Debt | — | $1.4b | $1.4b | $1.5b | $1.4b | |
| Assets | $2.2b | $2.7b | $2.7b | $2.7b | $2.6b | |
| LIABILITIES AND EQUITY | ||||||
| Accounts payable and accrued liabilities | $2.3m | $971k | $3.0m | $5.6m | $7.4m | |
| Accounts Payable | — | $44.2m | $12.5m | $29.2m | $26.0m | |
| Long-term Debt | $717.6m | $719.0m | $720.6m | $1.0b | $1.2b | |
| Long Term Debt And Capital Lease Obligation | — | $1.4b | $1.4b | $1.5b | $1.4b | |
| Liabilities | $1.4b | $1.5b | $1.5b | $1.5b | $1.5b | |
| Stockholders’ equity: | ||||||
| Common Stock, Value, Issued | $65k | $108k | $106k | $105k | $104k | |
| Additional Paid in Capital | $1.0b | $1.9b | $1.9b | $1.8b | $1.9b | |
| Retained Earnings (Accumulated Deficit) | ($285.8m) | ($663.8m) | ($658.0m) | ($656.7m) | ($702.3m) | |
| Common stock, $0.001 par value per share (150,000,000 shares authorized, 105,558,938 and 106,067,070 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively) | 11 | 11 | 11 | 11 | 11 | |
| Capital Stock | — | $108k | $106k | $105k | $104k | |
| Stockholders' Equity Attributable to Parent | $741.9m | $1.2b | $1.2b | $1.2b | $1.2b | |
| Total Equity Gross Minority Interest | — | $1.2b | $1.2b | $1.2b | $1.2b | |
| Liabilities and Equity | $2.2b | $2.7b | $2.7b | $2.7b | $2.6b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.