Capital Southwest Corporation (CSWC) - Net Assets
Based on the latest financial reports, Capital Southwest Corporation (CSWC) has net assets worth $1.01 Billion USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.18 Billion) and total liabilities ($1.17 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 Capital Southwest Corporation tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.01 Billion |
| % of Total Assets | 46.43% |
| Annual Growth Rate | 5.75% |
| 5-Year Change | 140.22% |
| 10-Year Change | 254.64% |
| Growth Volatility | 25.61 |
Capital Southwest Corporation - Net Assets Trend (1996–2026)
This chart illustrates how Capital Southwest Corporation's net assets have evolved over time, based on quarterly financial data. See CSWC defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Capital Southwest Corporation (1996–2026)
The table below shows the annual net assets of Capital Southwest Corporation from 1996 to 2026. For live valuation and market cap data, see Capital Southwest Corporation (CSWC) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | $1.01 Billion | +14.41% |
| 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 236.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2026)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $15.14 Million | 1.50% |
| Other Components | $1.07 Billion | 106.32% |
| Total Equity | $1.01 Billion | 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 |
|---|---|
|
Zhejiang Shibao Co Ltd
SHE:002703
|
$1.42 Billion |
|
Harbin Electric Coporation Jiamusi Electric Machine Co Ltd
SHE:000922
|
$1.42 Billion |
|
Hunan Corun New Energy Co Ltd
SHG:600478
|
$1.42 Billion |
|
Shinkong Synthetic Fiber Corp
TW:1409
|
$1.42 Billion |
|
RHI Magnesita NV
VI:RHIM
|
$1.42 Billion |
|
BW Energy Ltd
OL:BWE
|
$1.42 Billion |
|
Guangdong Xinbao Electrical Appliances Holdings Co Ltd
SHE:002705
|
$1.42 Billion |
|
HIAG Immobilien Holding AG
SW:HIAG
|
$1.42 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 2025 to 2026, total equity changed from 883,633,000 to 1,010,992,000, a change of 127,359,000 (14.4%).
- Net income of 112,995,000 contributed positively to equity growth.
- Dividend payments of 147,228,000 reduced retained earnings.
- New share issuances of 157,819,000 increased equity.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $113.00 Million | +11.18% |
| Dividends Paid | $147.23 Million | -14.56% |
| Share Issuances | $157.82 Million | +15.61% |
| Other Changes | $3.77 Million | +0.37% |
| Total Change | $- | 14.41% |
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: 1.49x
- 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 1.82x to 1.49x 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 | $22.84 | x |
| 1997-03-31 | $14.53 | $22.84 | x |
| 1998-03-31 | $19.54 | $22.84 | x |
| 1999-03-31 | $16.79 | $22.84 | x |
| 2000-03-31 | $15.52 | $22.84 | x |
| 2001-03-31 | $14.85 | $22.84 | x |
| 2002-03-31 | $16.35 | $22.84 | x |
| 2003-03-31 | $13.46 | $22.84 | x |
| 2004-03-31 | $18.84 | $22.84 | x |
| 2005-03-31 | $19.61 | $22.84 | x |
| 2006-03-31 | $25.69 | $22.84 | x |
| 2007-03-31 | $46.69 | $22.84 | x |
| 2008-03-31 | $37.52 | $22.84 | x |
| 2009-03-31 | $27.75 | $22.84 | x |
| 2010-03-31 | $32.53 | $22.84 | x |
| 2011-03-31 | $35.91 | $22.84 | x |
| 2012-03-31 | $41.24 | $22.84 | x |
| 2013-03-31 | $42.89 | $22.84 | x |
| 2014-03-31 | $50.36 | $22.84 | x |
| 2015-03-31 | $49.41 | $22.84 | x |
| 2016-03-31 | $17.34 | $22.84 | x |
| 2017-03-31 | $17.95 | $22.84 | x |
| 2018-03-31 | $19.10 | $22.84 | x |
| 2019-03-31 | $19.48 | $22.84 | x |
| 2020-03-31 | $15.65 | $22.84 | x |
| 2021-03-31 | $17.64 | $22.84 | x |
| 2022-03-31 | $18.43 | $22.84 | x |
| 2023-03-31 | $19.67 | $22.84 | x |
| 2024-03-31 | $18.55 | $22.84 | x |
| 2025-03-31 | $17.26 | $22.84 | x |
| 2026-03-31 | $15.36 | $22.84 | 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): 11.18%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 45.95%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 2.15x
- Recent ROE (11.18%) is above the historical average (7.02%), 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 | -7.94% | -143.28% | 0.03x | 2.08x | $-50.52 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 |
| 2026 | 11.18% | 45.95% | 0.11x | 2.15x | $11.90 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: $1,622,810,822
- Average return on equity (ROE) among peers: 19.99%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Capital Southwest Corporation (CSWC) | $1.01 Billion | 27.92% | 1.15x | $1.42 Billion |
| Acadian Asset Management Inc (AAMI) | $2.43 Billion | 0.12% | 2.51x | $1.86 Billion |
| AllianceBernstein Holding L.P. (AB) | $1.26 Billion | 17.77% | 0.01x | $3.29 Billion |
| Associated Capital Group Inc (AC) | $916.05 Million | -6.34% | 0.04x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $160.40 Million | 149.15% | 0.14x | $265.69 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $-40.08K | 0.00% | 0.00x | $194.14 Million |
| Alpha Compute Corp (ALP) | $-214.26K | 0.00% | 0.00x | $5.62 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $75.99 Million | 5.18% | 0.76x | $307.39 Million |
| Affiliated Managers Group Inc (AMG) | $795.07 Million | 9.70% | 1.43x | $9.37 Billion |
| Ameriprise Financial Inc (AMP) | $9.71 Billion | 10.60% | 12.87x | $40.38 Billion |
| AMTD IDEA Group (AMTD) | $876.30 Million | 13.74% | 0.21x | $42.49 Million |
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