Chicago Atlantic BDC, Inc.
Silver Spike Investment Corp., is a a business development company. It is a specialty finance company, focuses on investing across the cannabis ecosystem through investments in the form of direct loans to, and equity ownership of, privately held cannabis companies. It intends to partner with private equity firms, entrepreneurs, business owners, and management teams to provide credit and equity fi… Read more
Chicago Atlantic BDC, Inc. (LIEN) - Net Assets
Latest net assets as of September 2025: $302.92 Billion USD
Based on the latest financial reports, Chicago Atlantic BDC, Inc. (LIEN) has net assets worth $302.92 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($327.25 Billion) and total liabilities ($24.33 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $302.92 Billion |
| % of Total Assets | 92.56% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 118.53 |
Chicago Atlantic BDC, Inc. - Net Assets Trend (2020–2024)
This chart illustrates how Chicago Atlantic BDC, Inc.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Chicago Atlantic BDC, Inc. (2020–2024)
The table below shows the annual net assets of Chicago Atlantic BDC, Inc. from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $301.16 Million | +252.02% |
| 2023-12-31 | $85.55 Million | -1.07% |
| 2022-12-31 | $86.48 Million | +2.28% |
| 2021-12-31 | $84.55 Million | +53039.35% |
| 2020-12-31 | $-159.72K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Chicago Atlantic BDC, Inc.'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 217794500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $228.20K | 0.08% |
| Other Components | $303.27 Million | 100.70% |
| Total Equity | $301.16 Million | 100.00% |
Chicago Atlantic BDC, Inc. Competitors by Market Cap
The table below lists competitors of Chicago Atlantic BDC, Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
3billion
KQ:394800
|
$98.93K |
|
Canoe EIT Income Fund
PINK:ENDTF
|
$98.99K |
|
COZX
BATS:COZX
|
$99.01K |
|
Invesco Pennsylvania Value Municipal Income Trust
NYSE:VPV
|
$99.01K |
|
DP Cap Acquisition Corp I Warrants
NASDAQ:DPCSW
|
$98.89K |
|
ORVR3F
SA:ORVR3F
|
$98.87K |
|
DRAX GROUP - Dusseldorf Stock Exchang
DU:D9F2
|
$98.84K |
|
BlackRock Virginia MBT
NYSE:BHV
|
$98.82K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Chicago Atlantic BDC, Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 85,552,618 to 301,162,578, a change of 215,609,960 (252.0%).
- Net income of 9,622,538 contributed positively to equity growth.
- Dividend payments of 12,419,330 reduced retained earnings.
- New share issuances of 9,049,462 increased equity.
- Other factors increased equity by 209,357,290.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $9.62 Million | +3.2% |
| Dividends Paid | $12.42 Million | -4.12% |
| Share Issuances | $9.05 Million | +3.0% |
| Other Changes | $209.36 Million | +69.52% |
| Total Change | $- | 252.02% |
Book Value vs Market Value Analysis
This analysis compares Chicago Atlantic BDC, Inc.'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: 0.34x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | $-0.18 | $9.90 | x |
| 2021-12-31 | $96.37 | $9.90 | x |
| 2022-12-31 | $15.58 | $9.90 | x |
| 2023-12-31 | $13.77 | $9.90 | x |
| 2024-12-31 | $29.12 | $9.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Chicago Atlantic BDC, Inc. 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): 3.20%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 53.54%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 1.03x
- Recent ROE (3.20%) is above the historical average (2.62%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 0.00% | 0.00% | 0.00x | 0.00x | $-942.32K |
| 2021 | -0.67% | -5592.82% | 0.00x | 1.01x | $-9.02 Million |
| 2022 | 1.98% | 42.21% | 0.05x | 1.01x | $-6.94 Million |
| 2023 | 8.58% | 73.17% | 0.11x | 1.04x | $-1.22 Million |
| 2024 | 3.20% | 53.54% | 0.06x | 1.03x | $-20.49 Million |
Industry Comparison
This section compares Chicago Atlantic BDC, Inc.'s net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $351,111,792
- Average return on equity (ROE) among peers: 0.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Chicago Atlantic BDC, Inc. (LIEN) | $302.92 Billion | 0.00% | 0.08x | $98.91K |
| Aberdeen International Inc (AABVF) | $214.75K | -122.83% | 0.39x | $2.78 Million |
| Acadian Asset Management Inc (AAMI) | $-21.60 Million | 0.00% | 0.00x | $1.37 Billion |
| AllianceBernstein Holding L.P. (AB) | $402.30 Million | 32.07% | 0.95x | $3.38 Billion |
| VIVO Cannabis Inc (ABCCF) | $164.13 Million | 16.36% | 0.09x | $148.26 Million |
| Associated Capital Group Inc (AC) | $913.08 Million | 4.10% | 0.03x | $42.54 Million |
| Adrian Resources Ltd (ADLRF) | $788.86 Million | 18.29% | 0.62x | $609.82 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $190.80 Million | 139.32% | 0.02x | $73.68K |
| AGF Management Limited (AGFMF) | $908.07 Million | 4.67% | 0.50x | $298.43 Million |
| Agronomics Limited (AGNMF) | $157.27 Million | -6.99% | 0.00x | $57.14 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $8.00 Million | -83.04% | 0.47x | $2.71 Million |