MidCap Financial Investment Corporation (MFIC) - Net Assets
Based on the latest financial reports, MidCap Financial Investment Corporation (MFIC) has net assets worth $1.37 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 ($3.31 Billion) and total liabilities ($1.94 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 how resilient are MidCap Financial Investment Corporation's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.37 Billion |
| % of Total Assets | 41.33% |
| Annual Growth Rate | 2.29% |
| 5-Year Change | 35.54% |
| 10-Year Change | -14.64% |
| Growth Volatility | 20.45 |
MidCap Financial Investment Corporation - Net Assets Trend (2004–2024)
This chart illustrates how MidCap Financial Investment Corporation's net assets have evolved over time, based on quarterly financial data. Also explore MidCap Financial Investment Corporation assets under control for the complete picture of this company's asset base.
Annual Net Assets for MidCap Financial Investment Corporation (2004–2024)
The table below shows the annual net assets of MidCap Financial Investment Corporation from 2004 to 2024. For live valuation and market cap data, see MidCap Financial Investment Corporation stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.40 Billion | +39.72% |
| 2023-12-31 | $1.01 Billion | +1.74% |
| 2022-12-31 | $988.11 Million | -1.66% |
| 2021-12-31 | $1.00 Billion | -3.04% |
| 2020-12-31 | $1.04 Billion | +1.17% |
| 2019-12-31 | $1.02 Billion | -21.96% |
| 2018-12-31 | $1.31 Billion | -7.44% |
| 2017-12-31 | $1.42 Billion | -4.30% |
| 2016-12-31 | $1.48 Billion | -9.95% |
| 2015-12-31 | $1.65 Billion | -15.07% |
| 2014-12-31 | $1.94 Billion | -5.56% |
| 2013-12-31 | $2.05 Billion | +22.31% |
| 2012-12-31 | $1.68 Billion | -0.47% |
| 2011-12-31 | $1.69 Billion | -14.06% |
| 2010-12-31 | $1.96 Billion | +10.62% |
| 2009-12-31 | $1.77 Billion | +26.98% |
| 2008-12-31 | $1.40 Billion | -26.44% |
| 2007-12-31 | $1.90 Billion | +2.60% |
| 2006-12-31 | $1.85 Billion | +50.40% |
| 2005-12-31 | $1.23 Billion | +37.74% |
| 2004-12-31 | $892.89 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to MidCap Financial Investment 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 124932600000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $94.00K | 0.01% |
| Other Components | $2.66 Billion | 189.24% |
| Total Equity | $1.40 Billion | 100.00% |
MidCap Financial Investment Corporation Competitors by Market Cap
The table below lists competitors of MidCap Financial Investment Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zhejiang Yongjin Metal Technology Co Ltd
SHG:603995
|
$1.04 Billion |
|
GuangDong Leary New Material Technology Co. Ltd. A
SHG:688683
|
$1.04 Billion |
|
JC Finance & Tax Interconnect Holdings Ltd
SHE:002530
|
$1.04 Billion |
|
MYT Netherlands Parent BV
NYSE:MYTE
|
$1.04 Billion |
|
Zhejiang Taitan Co Ltd
SHE:003036
|
$1.04 Billion |
|
Xeris Pharmaceuticals Inc
NASDAQ:XERS
|
$1.04 Billion |
|
Dazhong Transportation Group Co Ltd A
SHG:600611
|
$1.04 Billion |
|
Turk Tuborg Bira ve Malt Sanayi AS
IS:TBORG
|
$1.04 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MidCap Financial Investment Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,005,310,000 to 1,404,646,000, a change of 399,336,000 (39.7%).
- Net income of 98,819,000 contributed positively to equity growth.
- Dividend payments of 139,623,000 reduced retained earnings.
- Other factors increased equity by 440,140,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $98.82 Million | +7.04% |
| Dividends Paid | $139.62 Million | -9.94% |
| Other Changes | $440.14 Million | +31.33% |
| Total Change | $- | 39.72% |
Book Value vs Market Value Analysis
This analysis compares MidCap Financial Investment 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: 0.66x
- 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 0.28x to 0.66x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | $43.14 | $11.94 | x |
| 2005-12-31 | $58.13 | $11.94 | x |
| 2006-12-31 | $64.68 | $11.94 | x |
| 2007-12-31 | $50.81 | $11.94 | x |
| 2008-12-31 | $30.03 | $11.94 | x |
| 2009-12-31 | $33.37 | $11.94 | x |
| 2010-12-31 | $30.04 | $11.94 | x |
| 2011-12-31 | $23.95 | $11.94 | x |
| 2012-12-31 | $23.14 | $11.94 | x |
| 2013-12-31 | $25.93 | $11.94 | x |
| 2014-12-31 | $24.55 | $11.94 | x |
| 2015-12-31 | $21.23 | $11.94 | x |
| 2016-12-31 | $19.99 | $11.94 | x |
| 2017-12-31 | $19.46 | $11.94 | x |
| 2018-12-31 | $18.58 | $11.94 | x |
| 2019-12-31 | $15.24 | $11.94 | x |
| 2020-12-31 | $15.88 | $11.94 | x |
| 2021-12-31 | $15.57 | $11.94 | x |
| 2022-12-31 | $15.30 | $11.94 | x |
| 2023-12-31 | $15.39 | $11.94 | x |
| 2024-12-31 | $18.02 | $11.94 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MidCap Financial Investment 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): 7.04%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 43.67%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 2.27x
- Recent ROE (7.04%) is above the historical average (3.24%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 4.94% | 92.29% | 0.03x | 1.94x | $-45.14 Million |
| 2005 | 9.79% | 95.98% | 0.05x | 2.04x | $-2.60 Million |
| 2006 | 16.88% | 97.52% | 0.09x | 1.90x | $127.19 Million |
| 2007 | -1.76% | -9.34% | 0.10x | 1.96x | $-223.23 Million |
| 2008 | -43.83% | -242.52% | 0.10x | 1.83x | $-751.49 Million |
| 2009 | 14.85% | 95.49% | 0.08x | 1.95x | $86.01 Million |
| 2010 | 9.20% | 93.78% | 0.06x | 1.61x | $-15.69 Million |
| 2011 | -5.12% | -517.51% | 0.01x | 1.65x | $-254.79 Million |
| 2012 | 6.23% | 89.42% | 0.04x | 1.76x | $-63.27 Million |
| 2013 | 13.20% | 99.37% | 0.07x | 1.78x | $65.71 Million |
| 2014 | 3.89% | 100.61% | 0.02x | 1.84x | $-118.34 Million |
| 2015 | -2.71% | 0.00% | -0.02x | 1.88x | $-209.08 Million |
| 2016 | 1.24% | 104.89% | 0.01x | 1.63x | $-129.81 Million |
| 2017 | 6.14% | 97.75% | 0.04x | 1.63x | $-54.78 Million |
| 2018 | 5.48% | 85.62% | 0.03x | 1.90x | $-59.32 Million |
| 2019 | -11.33% | 0.00% | -0.03x | 2.80x | $-218.50 Million |
| 2020 | 10.79% | 88.26% | 0.05x | 2.46x | $8.23 Million |
| 2021 | 8.20% | 85.16% | 0.04x | 2.59x | $-18.12 Million |
| 2022 | 3.10% | 21.62% | 0.06x | 2.56x | $-68.22 Million |
| 2023 | 11.81% | 50.04% | 0.09x | 2.49x | $18.23 Million |
| 2024 | 7.04% | 43.67% | 0.07x | 2.27x | $-41.65 Million |
Industry Comparison
This section compares MidCap Financial Investment 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 |
|---|---|---|---|---|
| MidCap Financial Investment Corporation (MFIC) | $1.37 Billion | 4.94% | 1.42x | $1.04 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 MidCap Financial Investment Corporation
MidCap Financial Investment Corporation (Former name Apollo Investment Corporation) is business development company and a closed-end, externally managed, non-diversified management investment company. It is elected to be treated as a business development company ("BDC") under the Investment Company Act of 1940 (the "1940 Act") specializing in private equity investments in leveraged buyouts, acqui… Read more