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Capital Southwest Corporation (CSWC-1.31%) has submitted its 10-Q filing for the quarterly period ended December 31, 2024.
The filing includes financial statements for the quarter, detailing the company's portfolio of investments, which are primarily in first lien loans, second lien loans, and equity investments. The total fair value of investments was $1,701,286,000.
The company's investment portfolio is diversified across various industries, with significant allocations in healthcare services, media and marketing, and consumer products. Healthcare services accounted for 12.7% of the portfolio's fair value.
Capital Southwest Corporation reported a net investment income of $30,316,000 for the quarter, with total investment income amounting to $51,973,000. Interest income from non-control/non-affiliate investments was a major contributor.
Operating expenses for the quarter totaled $21,290,000, with interest expenses comprising the largest portion at $14,717,000.
The company recorded net unrealized depreciation on investments of $847,000, reflecting changes in the fair value of its investment portfolio.
Capital Southwest Corporation's net assets increased to $830,442,000 as of December 31, 2024, compared to $755,676,000 as of March 31, 2024.
Cash and cash equivalents at the end of the period were $36,013,000, with net cash provided by financing activities amounting to $163,540,000.
The company continues to focus on investing in middle market companies with histories of generating revenues and positive cash flow, maintaining its strategy of targeting senior debt and equity investments.
Capital Southwest Corporation remains committed to qualifying as a regulated investment company under Subchapter M of the U.S. Internal Revenue Code, which allows it to avoid paying federal income tax on distributed income.
The filing also includes a detailed schedule of investments, highlighting the company's diversified portfolio across various sectors and geographic regions.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the Capital Southwest Corporation quarterly 10-Q report dated February 4, 2025. To report an error, please email earnings@qz.com.