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Ares Capital Corporation (ARCC-0.36%) has submitted its Form 10-K filing for the fiscal year ended December 31, 2024.
The filing reports total investment income of $2,990 million for 2024, compared to $2,614 million in 2023, primarily due to an increase in interest income from investments and capital structuring service fees.
Net investment income before taxes was $1,476 million, up from $1,286 million in the prior year, reflecting higher investment income.
Net realized losses on investments were $55 million in 2024, an improvement from $179 million in 2023, while net unrealized gains on investments were $188 million, down from $435 million.
The company reported a net increase in stockholders’ equity resulting from operations of $1,522 million, consistent with the prior year.
Ares Capital's portfolio at fair value increased to $26.7 billion as of December 31, 2024, compared to $22.9 billion in 2023, with first lien senior secured loans making up the largest portion.
The company maintained a weighted average yield of 11.2% on its portfolio at amortized cost.
Ares Capital's asset coverage ratio was 196% as of December 31, 2024, with $13.8 billion in total debt outstanding.
The company continues to be managed by Ares Capital Management LLC and focuses on generating both current income and capital appreciation through its investments in middle-market companies.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the Ares Capital Corporation annual 10-K report dated February 5, 2025. To report an error, please email earnings@qz.com.