Capital Southwest Corporation (CSWC) - Net Assets
Based on the latest financial reports, Capital Southwest Corporation (CSWC) has net assets worth $995.63 Million USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.12 Billion) and total liabilities ($1.12 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check CSWC asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $995.63 Million |
| % of Total Assets | 47.05% |
| Annual Growth Rate | 5.46% |
| 5-Year Change | 162.79% |
| 10-Year Change | 224.11% |
| Growth Volatility | 26.03 |
Capital Southwest Corporation - Net Assets Trend (1996–2025)
This chart illustrates how Capital Southwest Corporation's net assets have evolved over time, based on quarterly financial data. Also explore CSWC total assets for the complete picture of this company's asset base.
Annual Net Assets for Capital Southwest Corporation (1996–2025)
The table below shows the annual net assets of Capital Southwest Corporation from 1996 to 2025. For live valuation and market cap data, see Capital Southwest Corporation (CSWC) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | $883.63 Million | +16.93% |
| 2024-03-31 | $755.68 Million | +27.99% |
| 2023-03-31 | $590.41 Million | +40.28% |
| 2022-03-31 | $420.87 Million | +25.16% |
| 2021-03-31 | $336.25 Million | +19.38% |
| 2020-03-31 | $281.66 Million | -13.59% |
| 2019-03-31 | $325.96 Million | +5.73% |
| 2018-03-31 | $308.29 Million | +8.14% |
| 2017-03-31 | $285.07 Million | +4.56% |
| 2016-03-31 | $272.63 Million | -64.47% |
| 2015-03-31 | $767.42 Million | -0.39% |
| 2014-03-31 | $770.39 Million | +16.76% |
| 2013-03-31 | $659.78 Million | +4.94% |
| 2012-03-31 | $628.71 Million | +16.59% |
| 2011-03-31 | $539.23 Million | +10.74% |
| 2010-03-31 | $486.93 Million | +17.26% |
| 2009-03-31 | $415.26 Million | -28.86% |
| 2008-03-31 | $583.70 Million | -19.57% |
| 2007-03-31 | $725.73 Million | +82.98% |
| 2006-03-31 | $396.62 Million | +31.10% |
| 2005-03-31 | $302.53 Million | +4.10% |
| 2004-03-31 | $290.62 Million | +40.76% |
| 2003-03-31 | $206.47 Million | -17.58% |
| 2002-03-31 | $250.49 Million | +10.54% |
| 2001-03-31 | $226.61 Million | -4.33% |
| 2000-03-31 | $236.88 Million | -7.55% |
| 1999-03-31 | $256.23 Million | -13.44% |
| 1998-03-31 | $296.02 Million | +35.19% |
| 1997-03-31 | $218.97 Million | +15.83% |
| 1996-03-31 | $189.05 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Capital Southwest Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 253.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $13.23 Million | 1.50% |
| Other Components | $959.12 Million | 108.54% |
| Total Equity | $883.63 Million | 100.00% |
Capital Southwest Corporation Competitors by Market Cap
The table below lists competitors of Capital Southwest Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Goldsun Building Materials Co Ltd
TW:2504
|
$1.31 Billion |
|
Maze Therapeutics, Inc. Common Stock
NASDAQ:MAZE
|
$1.31 Billion |
|
Jiangsu Evergreen New Material Technology Inc. Co. A
SHG:603125
|
$1.31 Billion |
|
Shenzhen Cotran New Material Co Ltd Class A
SHE:300731
|
$1.31 Billion |
|
SP Setia Bhd
KLSE:8664
|
$1.31 Billion |
|
China Yuchai International Limited
F:CYD
|
$1.31 Billion |
|
Alphamin Res
V:AFM
|
$1.30 Billion |
|
Central Plaza Hotel Public Company Limited
BK:CENTEL
|
$1.30 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Capital Southwest Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 755,676,000 to 883,633,000, a change of 127,957,000 (16.9%).
- Net income of 70,548,000 contributed positively to equity growth.
- Dividend payments of 125,267,000 reduced retained earnings.
- New share issuances of 178,493,000 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $70.55 Million | +7.98% |
| Dividends Paid | $125.27 Million | -14.18% |
| Share Issuances | $178.49 Million | +20.2% |
| Other Changes | $4.18 Million | +0.47% |
| Total Change | $- | 16.93% |
Book Value vs Market Value Analysis
This analysis compares Capital Southwest Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.38x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 1.90x to 1.38x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1996-03-31 | $12.55 | $23.88 | x |
| 1997-03-31 | $14.53 | $23.88 | x |
| 1998-03-31 | $19.54 | $23.88 | x |
| 1999-03-31 | $16.79 | $23.88 | x |
| 2000-03-31 | $15.52 | $23.88 | x |
| 2001-03-31 | $14.85 | $23.88 | x |
| 2002-03-31 | $16.35 | $23.88 | x |
| 2003-03-31 | $13.46 | $23.88 | x |
| 2004-03-31 | $18.84 | $23.88 | x |
| 2005-03-31 | $19.61 | $23.88 | x |
| 2006-03-31 | $25.69 | $23.88 | x |
| 2007-03-31 | $46.69 | $23.88 | x |
| 2008-03-31 | $37.52 | $23.88 | x |
| 2009-03-31 | $27.75 | $23.88 | x |
| 2010-03-31 | $32.53 | $23.88 | x |
| 2011-03-31 | $35.91 | $23.88 | x |
| 2012-03-31 | $41.24 | $23.88 | x |
| 2013-03-31 | $42.89 | $23.88 | x |
| 2014-03-31 | $50.36 | $23.88 | x |
| 2015-03-31 | $49.41 | $23.88 | x |
| 2016-03-31 | $17.34 | $23.88 | x |
| 2017-03-31 | $17.95 | $23.88 | x |
| 2018-03-31 | $19.10 | $23.88 | x |
| 2019-03-31 | $19.48 | $23.88 | x |
| 2020-03-31 | $15.12 | $23.88 | x |
| 2021-03-31 | $17.64 | $23.88 | x |
| 2022-03-31 | $18.43 | $23.88 | x |
| 2023-03-31 | $19.67 | $23.88 | x |
| 2024-03-31 | $18.55 | $23.88 | x |
| 2025-03-31 | $17.26 | $23.88 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Capital Southwest Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.98%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 43.07%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 2.13x
- Recent ROE (7.98%) is above the historical average (6.88%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | 27.92% | 2614.79% | 0.01x | 1.73x | $33.87 Million |
| 1997 | 14.70% | 2346.15% | 0.00x | 1.42x | $10.29 Million |
| 1998 | 26.55% | 3881.38% | 0.00x | 1.76x | $49.00 Million |
| 1999 | -15.02% | -2942.33% | 0.00x | 1.41x | $-64.10 Million |
| 2000 | -7.21% | -1930.32% | 0.00x | 1.66x | $-40.75 Million |
| 2001 | -3.52% | -198.05% | 0.01x | 1.42x | $-30.64 Million |
| 2002 | 10.25% | 619.27% | 0.01x | 1.43x | $629.21K |
| 2003 | -20.21% | 0.00% | -0.13x | 1.45x | $-62.37 Million |
| 2004 | 29.41% | 97.58% | 0.21x | 1.46x | $56.41 Million |
| 2005 | 4.70% | 85.32% | 0.04x | 1.44x | $-16.03 Million |
| 2006 | 24.25% | 1987.80% | 0.01x | 1.44x | $56.53 Million |
| 2007 | 22.99% | 2393.44% | 0.01x | 1.01x | $94.31 Million |
| 2008 | -23.82% | -2045.93% | 0.01x | 1.01x | $-197.38 Million |
| 2009 | -33.31% | -988.96% | 0.03x | 1.01x | $-179.83 Million |
| 2010 | 15.10% | 93.83% | 0.16x | 1.01x | $24.85 Million |
| 2011 | 9.96% | 90.30% | 0.11x | 1.01x | $-235.30K |
| 2012 | 14.79% | 93.20% | 0.16x | 1.01x | $30.14 Million |
| 2013 | 16.34% | 92.33% | 0.17x | 1.01x | $41.85 Million |
| 2014 | 14.54% | 93.07% | 0.15x | 1.01x | $34.97 Million |
| 2015 | 6.96% | 80.83% | 0.09x | 1.01x | $-23.30 Million |
| 2016 | -1.98% | -37.12% | 0.05x | 1.04x | $-32.66 Million |
| 2017 | 8.23% | 59.60% | 0.12x | 1.14x | $-5.03 Million |
| 2018 | 12.75% | 73.90% | 0.13x | 1.35x | $8.48 Million |
| 2019 | 10.14% | 54.15% | 0.11x | 1.69x | $461.70K |
| 2020 | -8.21% | -143.28% | 0.03x | 2.15x | $-49.57 Million |
| 2021 | 15.13% | 70.11% | 0.10x | 2.19x | $17.26 Million |
| 2022 | 10.17% | 41.60% | 0.11x | 2.31x | $728.30K |
| 2023 | 5.61% | 36.64% | 0.07x | 2.13x | $-25.95 Million |
| 2024 | 11.04% | 54.81% | 0.10x | 2.06x | $7.82 Million |
| 2025 | 7.98% | 43.07% | 0.09x | 2.13x | $-17.82 Million |
Industry Comparison
This section compares Capital Southwest Corporation's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $1,222,611,667
- Average return on equity (ROE) among peers: 5.00%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Capital Southwest Corporation (CSWC) | $995.63 Million | 27.92% | 1.13x | $1.31 Billion |
| Acadian Asset Management Inc (AAMI) | $84.00 Million | 95.24% | 7.06x | $1.86 Billion |
| AllianceBernstein Holding L.P. (AB) | $2.07 Billion | 13.23% | 0.00x | $3.60 Billion |
| Associated Capital Group Inc (AC) | $948.70 Million | 4.12% | 0.07x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $79.50 Million | 27.37% | 0.59x | $265.69 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $2.99 Million | -170.94% | 0.46x | $194.14 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $782.49 Million | -21.16% | 0.62x | $368.87 Million |
| Affiliated Managers Group Inc (AMG) | $962.54 Million | 12.37% | 1.41x | $8.19 Billion |
| Ameriprise Financial Inc (AMP) | $6.55 Billion | 54.41% | 28.15x | $41.87 Billion |
| AMTD IDEA Group (AMTD) | $611.58 Million | 16.58% | 4.02x | $44.19 Million |
| Artisan Partners Asset Management Inc (APAM) | $132.30 Million | 18.75% | 3.39x | $2.65 Billion |
About Capital Southwest Corporation
Capital Southwest Corporation is a business development company. The firm specializes in credit and private equity and venture capital investments in lower middle market companies, mezzanine, later stage, mature, late venture, emerging growth, buyouts, industry consolidation, recapitalizations and growth capital investments. The firm does not invest in startups, publicly traded companies, real es… Read more