Portman Ridge Finance Corp (PTMN) - Net Assets
Based on the latest financial reports, Portman Ridge Finance Corp (PTMN) has net assets worth $231.30 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($567.84 Million) and total liabilities ($336.54 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. Check Portman Ridge Finance Corp liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $231.30 Million |
| % of Total Assets | 40.73% |
| Annual Growth Rate | -1.99% |
| 5-Year Change | -17.47% |
| 10-Year Change | -17.4% |
| Growth Volatility | 16.44 |
Portman Ridge Finance Corp - Net Assets Trend (2006–2024)
This chart illustrates how Portman Ridge Finance Corp's net assets have evolved over time, based on quarterly financial data. Also explore Portman Ridge Finance Corp balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Portman Ridge Finance Corp (2006–2024)
The table below shows the annual net assets of Portman Ridge Finance Corp from 2006 to 2024. For live valuation and market cap data, see Portman Ridge Finance Corp stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $178.49 Million | -16.40% |
| 2023-12-31 | $213.52 Million | -8.02% |
| 2022-12-31 | $232.12 Million | -17.14% |
| 2021-12-31 | $280.12 Million | +29.53% |
| 2020-12-31 | $216.26 Million | +42.09% |
| 2019-12-31 | $152.20 Million | -3.68% |
| 2018-12-31 | $158.02 Million | -13.08% |
| 2017-12-31 | $181.80 Million | -6.73% |
| 2016-12-31 | $194.92 Million | -9.80% |
| 2015-12-31 | $216.10 Million | -15.36% |
| 2014-12-31 | $255.32 Million | +1.98% |
| 2013-12-31 | $250.37 Million | +20.44% |
| 2012-12-31 | $207.88 Million | +15.15% |
| 2011-12-31 | $180.53 Million | -3.42% |
| 2010-12-31 | $186.93 Million | -12.61% |
| 2009-12-31 | $213.90 Million | -14.54% |
| 2008-12-31 | $250.28 Million | -3.39% |
| 2007-12-31 | $259.07 Million | +1.04% |
| 2006-12-31 | $256.40 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Portman 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 128696.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $92.00K | 0.05% |
| Other Components | $714.33 Million | 400.20% |
| Total Equity | $178.49 Million | 100.00% |
Portman Ridge Finance Corp Competitors by Market Cap
The table below lists competitors of Portman Ridge Finance Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Wellcall Holdings Bhd
KLSE:7231
|
$153.77 Million |
|
Freightcar America Inc
NASDAQ:RAIL
|
$153.78 Million |
|
ProQR Therapeutics BV
NASDAQ:PRQR
|
$153.80 Million |
|
Avaco Co. Ltd
KQ:083930
|
$153.81 Million |
|
PBA Holdings Bhd
KLSE:5041
|
$153.74 Million |
|
Wasko S.A.
WAR:WAS
|
$153.65 Million |
|
Service & Quality Technology Co Ltd
TWO:3219
|
$153.64 Million |
|
Black Spade Acquisition II Co
NASDAQ:BSII
|
$153.61 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Portman Ridge Finance Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 213,518,000 to 178,493,000, a change of -35,025,000 (-16.4%).
- Net loss of 5,935,000 reduced equity.
- Dividend payments of 25,258,000 reduced retained earnings.
- Share repurchases of 3,832,000 reduced equity.
- Other comprehensive income decreased equity by 213,518,000.
- Other factors increased equity by 213,518,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-5.93 Million | -3.33% |
| Dividends Paid | $25.26 Million | -14.15% |
| Share Repurchases | $3.83 Million | -2.15% |
| Other Comprehensive Income | $-213.52 Million | -119.62% |
| Other Changes | $213.52 Million | +119.62% |
| Total Change | $- | -16.40% |
Book Value vs Market Value Analysis
This analysis compares Portman 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: 0.61x
- 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 0.08x to 0.61x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | $142.87 | $11.66 | x |
| 2007-12-31 | $144.11 | $11.66 | x |
| 2008-12-31 | $122.36 | $11.66 | x |
| 2009-12-31 | $96.76 | $11.66 | x |
| 2010-12-31 | $82.72 | $11.66 | x |
| 2011-12-31 | $78.90 | $11.66 | x |
| 2012-12-31 | $62.28 | $11.66 | x |
| 2013-12-31 | $77.53 | $11.66 | x |
| 2014-12-31 | $74.52 | $11.66 | x |
| 2015-12-31 | $58.46 | $11.66 | x |
| 2016-12-31 | $52.47 | $11.66 | x |
| 2017-12-31 | $48.83 | $11.66 | x |
| 2018-12-31 | $42.30 | $11.66 | x |
| 2019-12-31 | $40.43 | $11.66 | x |
| 2020-12-31 | $43.26 | $11.66 | x |
| 2021-12-31 | $32.82 | $11.66 | x |
| 2022-12-31 | $24.09 | $11.66 | x |
| 2023-12-31 | $22.45 | $11.66 | x |
| 2024-12-31 | $19.25 | $11.66 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Portman 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): -3.33%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -18.99%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 2.54x
- Recent ROE (-3.33%) is below the historical average (2.18%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 1.82% | 405.46% | 0.00x | 1.10x | $-20.97 Million |
| 2007 | 10.09% | 67.94% | 0.07x | 2.06x | $235.17K |
| 2008 | -3.82% | -19.44% | 0.09x | 2.09x | $-34.60 Million |
| 2009 | 16.08% | 101.49% | 0.08x | 2.05x | $13.01 Million |
| 2010 | -7.64% | -48.68% | 0.10x | 1.50x | $-32.98 Million |
| 2011 | 4.24% | 27.31% | 0.11x | 1.37x | $-10.40 Million |
| 2012 | 12.57% | 77.66% | 0.11x | 1.54x | $5.34 Million |
| 2013 | 6.88% | 63.90% | 0.06x | 1.83x | $-7.81 Million |
| 2014 | 5.89% | 59.35% | 0.05x | 2.00x | $-10.50 Million |
| 2015 | -8.62% | 0.00% | -0.02x | 1.97x | $-40.24 Million |
| 2016 | -0.53% | -13.44% | 0.02x | 1.96x | $-20.53 Million |
| 2017 | 1.86% | 19.82% | 0.05x | 1.76x | $-14.79 Million |
| 2018 | -6.06% | -3144.15% | 0.00x | 1.81x | $-25.37 Million |
| 2019 | -8.21% | -2059.54% | 0.00x | 2.04x | $-27.72 Million |
| 2020 | 14.60% | 84.28% | 0.06x | 2.78x | $9.95 Million |
| 2021 | 9.29% | 67.16% | 0.06x | 2.31x | $-1.99 Million |
| 2022 | -9.05% | -55.78% | 0.06x | 2.67x | $-44.21 Million |
| 2023 | 5.33% | 26.25% | 0.08x | 2.57x | $-9.97 Million |
| 2024 | -3.33% | -18.99% | 0.07x | 2.54x | $-23.78 Million |
Industry Comparison
This section compares Portman 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: $896,093,866
- Average return on equity (ROE) among peers: -12.51%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Portman Ridge Finance Corp (PTMN) | $231.30 Million | 1.82% | 1.45x | $153.76 Million |
| Acadian Asset Management Inc (AAMI) | $-21.60 Million | 0.00% | 0.00x | $1.86 Billion |
| AllianceBernstein Holding L.P. (AB) | $1.79 Billion | 7.51% | 0.00x | $3.59 Billion |
| Associated Capital Group Inc (AC) | $878.25 Million | 1.16% | 0.08x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $304.00 Million | 32.66% | 0.17x | $265.69 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $1.40 Million | -229.54% | 1.40x | $194.14 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $83.45 Million | -7.38% | 0.39x | $359.65 Million |
| Affiliated Managers Group Inc (AMG) | $1.30 Billion | -0.10% | 1.49x | $8.37 Billion |
| Ameriprise Financial Inc (AMP) | $4.73 Billion | 54.05% | 36.05x | $41.87 Billion |
| AMTD IDEA Group (AMTD) | $632.43 Million | 16.58% | 4.38x | $42.91 Million |
| Artisan Partners Asset Management Inc (APAM) | $-736.58 Million | 0.00% | 0.00x | $2.60 Billion |
About Portman Ridge Finance Corp
BCP Investment Corp. is a business development company specializing in investments in unitranche loans (including last out), first lien loans, second lien loans, subordinated debt, equity co-investment, mezzanine, buyout in middle market companies. It also makes acquisitions in businesses complementary to the firm's business. The fund primarily invests in healthcare, cargo transport, manufacturin… Read more