MidCap Financial Investment Corporation (MFIC) - Net Assets
Based on the latest financial reports, MidCap Financial Investment Corporation (MFIC) has net assets worth $1.18 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 ($3.07 Billion) and total liabilities ($1.89 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 MFIC intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.18 Billion |
| % of Total Assets | 38.32% |
| Annual Growth Rate | 1.83% |
| 5-Year Change | 30.1% |
| 10-Year Change | -11.78% |
| Growth Volatility | 20.1 |
MidCap Financial Investment Corporation - Net Assets Trend (2004–2025)
This chart illustrates how MidCap Financial Investment Corporation's net assets have evolved over time, based on quarterly financial data. See how many days can MidCap Financial Investment Corporation fund operations to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for MidCap Financial Investment Corporation (2004–2025)
The table below shows the annual net assets of MidCap Financial Investment Corporation from 2004 to 2025. For live valuation and market cap data, see MidCap Financial Investment Corporation stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $1.31 Billion | -6.93% |
| 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 134151000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $92.00K | 0.01% |
| Other Components | $2.65 Billion | 202.94% |
| Total Equity | $1.31 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 |
|---|---|
|
PROSEGUR CASH UNSP.ADR/5
F:PQD0
|
$816.56 Million |
|
Changzhou Kaidi Electrical Inc
SHG:605288
|
$816.89 Million |
|
Cresud SA
BA:CRES
|
$817.07 Million |
|
Thungela Resources Limited
JSE:TGA
|
$817.15 Million |
|
Bichamp Cutting Technology Hunan Co Ltd
SHE:002843
|
$815.57 Million |
|
Shanghai Orient-Chip Technology Co. Ltd. A
SHG:688061
|
$815.55 Million |
|
Cromwell Property Group
AU:CMW
|
$815.33 Million |
|
Chutian Dragon Co Ltd
SHE:003040
|
$815.14 Million |
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 2024 to 2025, total equity changed from 1,404,646,000 to 1,307,261,000, a change of -97,385,000 (-6.9%).
- Net income of 63,169,000 contributed positively to equity growth.
- Dividend payments of 141,585,000 reduced retained earnings.
- Share repurchases of 18,969,000 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $63.17 Million | +4.83% |
| Dividends Paid | $141.59 Million | -10.83% |
| Share Repurchases | $18.97 Million | -1.45% |
| Total Change | $- | -6.93% |
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: 0.71x
- 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 0.23x to 0.71x 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 | $9.91 | x |
| 2005-12-31 | $58.13 | $9.91 | x |
| 2006-12-31 | $64.68 | $9.91 | x |
| 2007-12-31 | $50.81 | $9.91 | x |
| 2008-12-31 | $30.03 | $9.91 | x |
| 2009-12-31 | $33.37 | $9.91 | x |
| 2010-12-31 | $30.04 | $9.91 | x |
| 2011-12-31 | $23.95 | $9.91 | x |
| 2012-12-31 | $23.14 | $9.91 | x |
| 2013-12-31 | $25.93 | $9.91 | x |
| 2014-12-31 | $24.55 | $9.91 | x |
| 2015-12-31 | $21.23 | $9.91 | x |
| 2016-12-31 | $19.99 | $9.91 | x |
| 2017-12-31 | $19.46 | $9.91 | x |
| 2018-12-31 | $18.58 | $9.91 | x |
| 2019-12-31 | $15.24 | $9.91 | x |
| 2020-12-31 | $15.88 | $9.91 | x |
| 2021-12-31 | $15.57 | $9.91 | x |
| 2022-12-31 | $15.30 | $9.91 | x |
| 2023-12-31 | $15.39 | $9.91 | x |
| 2024-12-31 | $18.02 | $9.91 | x |
| 2025-12-31 | $14.02 | $9.91 | 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): 4.83%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 23.02%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 2.54x
- Recent ROE (4.83%) is above the historical average (3.31%), 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 |
| 2025 | 4.83% | 23.02% | 0.08x | 2.54x | $-67.56 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: $1,622,810,822
- Average return on equity (ROE) among peers: 19.99%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MidCap Financial Investment Corporation (MFIC) | $1.18 Billion | 4.94% | 1.61x | $816.31 Million |
| 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 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