Logan Ridge Finance Corp
Logan Ridge Finance Corporation, formerly known as, Capitala Finance Corp. is a Business Development Company specializing in senior subordinated debt and unitranche debt, unitranche loan, first-lien and second-lien loans, lower middle market and middle market, equity co-investment in sponsored companies. The fund targets companies in the Aerospace, defense, business services, education, food and … Read more
Logan Ridge Finance Corp (LRFC) - Net Assets
Latest net assets as of March 2025: $78.78 Million USD
Based on the latest financial reports, Logan Ridge Finance Corp (LRFC) has net assets worth $78.78 Million USD as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($180.66 Million) and total liabilities ($101.89 Million). 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 | $78.78 Million |
| % of Total Assets | 43.6% |
| Annual Growth Rate | -4.2% |
| 5-Year Change | -21.89% |
| 10-Year Change | -68.34% |
| Growth Volatility | 28.63 |
Logan Ridge Finance Corp - Net Assets Trend (2012–2024)
This chart illustrates how Logan Ridge Finance Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Logan Ridge Finance Corp (2012–2024)
The table below shows the annual net assets of Logan Ridge Finance Corp from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $85.10 Million | -4.57% |
| 2023-12-31 | $89.17 Million | -6.14% |
| 2022-12-31 | $95.00 Million | -11.23% |
| 2021-12-31 | $107.03 Million | -1.76% |
| 2020-12-31 | $108.95 Million | -26.44% |
| 2019-12-31 | $148.11 Million | -22.31% |
| 2018-12-31 | $190.64 Million | -14.08% |
| 2017-12-31 | $221.89 Million | -11.45% |
| 2016-12-31 | $250.58 Million | -6.78% |
| 2015-12-31 | $268.80 Million | +11.61% |
| 2014-12-31 | $240.84 Million | -10.36% |
| 2013-12-31 | $268.67 Million | +88.63% |
| 2012-12-31 | $142.43 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Logan Ridge Finance Corp'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 1312.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $27.00K | 0.03% |
| Other Components | $188.86 Million | 221.93% |
| Total Equity | $85.10 Million | 100.00% |
Logan Ridge Finance Corp Competitors by Market Cap
The table below lists competitors of Logan Ridge Finance Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Samhwa Crown & Closure Co. Ltd.
KQ:004450
|
$173.49K |
|
BTML11
SA:BTML11
|
$173.57K |
|
BGNO39
SA:BGNO39
|
$173.62K |
|
Jubilant Agri and Consumer Products Limited
NSE:JUBLCPL
|
$173.62K |
|
MIKRON HLDG N
MU:MH4N
|
$173.16K |
|
ENVIROMETAL TECHN. O.N.
F:7N20
|
$173.12K |
|
SEALAND CAP. GA. LS-0001
F:7KM
|
$173.10K |
|
Earths Energy Limited
F:3290
|
$173.03K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Logan Ridge Finance Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 89,175,000 to 85,099,000, a change of -4,076,000 (-4.6%).
- Net loss of 29,000 reduced equity.
- Dividend payments of 3,571,000 reduced retained earnings.
- Share repurchases of 972,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-29.00K | -0.03% |
| Dividends Paid | $3.57 Million | -4.2% |
| Share Repurchases | $972.00K | -1.14% |
| Other Changes | $496.00K | +0.58% |
| Total Change | $- | -4.57% |
Book Value vs Market Value Analysis
This analysis compares Logan Ridge Finance Corp'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: 0.60x
- 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.
- The price-to-book ratio has increased from 0.29x to 0.60x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | $65.87 | $19.08 | x |
| 2013-12-31 | $124.25 | $19.08 | x |
| 2014-12-31 | $111.37 | $19.08 | x |
| 2015-12-31 | $106.03 | $19.08 | x |
| 2016-12-31 | $95.04 | $19.08 | x |
| 2017-12-31 | $83.71 | $19.08 | x |
| 2018-12-31 | $71.52 | $19.08 | x |
| 2019-12-31 | $55.14 | $19.08 | x |
| 2020-12-31 | $40.21 | $19.08 | x |
| 2021-12-31 | $39.48 | $19.08 | x |
| 2022-12-31 | $35.04 | $19.08 | x |
| 2023-12-31 | $33.09 | $19.08 | x |
| 2024-12-31 | $31.83 | $19.08 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Logan Ridge Finance Corp 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): -0.03%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.55%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 2.26x
- Recent ROE (-0.03%) is above the historical average (-2.08%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 34.80% | 100.06% | 0.15x | 2.26x | $35.33 Million |
| 2013 | 10.74% | 96.73% | 0.06x | 1.77x | $1.99 Million |
| 2014 | -1.43% | -554.84% | 0.00x | 2.28x | $-27.52 Million |
| 2015 | 5.15% | 82.23% | 0.03x | 2.35x | $-13.03 Million |
| 2016 | 3.65% | 81.11% | 0.02x | 2.33x | $-15.91 Million |
| 2017 | -3.15% | -25.96% | 0.05x | 2.41x | $-29.17 Million |
| 2018 | -8.41% | -128.32% | 0.03x | 2.59x | $-35.09 Million |
| 2019 | -18.67% | 0.00% | -0.05x | 2.89x | $-42.46 Million |
| 2020 | -32.54% | 0.00% | -0.09x | 3.01x | $-46.34 Million |
| 2021 | -1.79% | -47.49% | 0.02x | 2.26x | $-12.62 Million |
| 2022 | -12.66% | -87.98% | 0.06x | 2.26x | $-21.52 Million |
| 2023 | -2.78% | -65.59% | 0.02x | 2.21x | $-11.40 Million |
| 2024 | -0.03% | -0.55% | 0.03x | 2.26x | $-8.54 Million |
Industry Comparison
This section compares Logan Ridge Finance Corp's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $310,488,743
- Average return on equity (ROE) among peers: -23.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Logan Ridge Finance Corp (LRFC) | $78.78 Million | 34.80% | 1.29x | $173.25K |
| Aberdeen International Inc (AABVF) | $136.31 Million | 25.56% | 0.23x | $2.78 Million |
| Acadian Asset Management Inc (AAMI) | $-17.60 Million | 0.00% | 0.00x | $1.39 Billion |
| AllianceBernstein Holding L.P. (AB) | $402.30 Million | 32.07% | 0.95x | $3.43 Billion |
| VIVO Cannabis Inc (ABCCF) | $164.13 Million | 16.36% | 0.09x | $148.26 Million |
| Associated Capital Group Inc (AC) | $502.13 Million | 5.33% | 0.17x | $42.54 Million |
| Adrian Resources Ltd (ADLRF) | $605.01 Million | 3.35% | 0.58x | $609.82 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $85.10 Million | -65.65% | 0.01x | $77.20K |
| AGF Management Limited (AGFMF) | $1.12 Billion | 10.14% | 3.56x | $298.43 Million |
| Agronomics Limited (AGNMF) | $100.03 Million | 1.02% | 0.02x | $57.14 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $6.11 Million | -266.31% | 0.76x | $2.71 Million |