BlackRock TCP Capital Corp (TCPC) - Net Assets
Based on the latest financial reports, BlackRock TCP Capital Corp (TCPC) has net assets worth $740.02 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 ($1.81 Billion) and total liabilities ($1.07 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 BlackRock TCP Capital Corp (TCPC) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $740.02 Million |
| % of Total Assets | 40.87% |
| Annual Growth Rate | 5.2% |
| 5-Year Change | 2.63% |
| 10-Year Change | 8.75% |
| Growth Volatility | 24.62 |
BlackRock TCP Capital Corp - Net Assets Trend (2009–2024)
This chart illustrates how BlackRock TCP Capital Corp's net assets have evolved over time, based on quarterly financial data. Also explore TCPC asset base for the complete picture of this company's asset base.
Annual Net Assets for BlackRock TCP Capital Corp (2009–2024)
The table below shows the annual net assets of BlackRock TCP Capital Corp from 2009 to 2024. For live valuation and market cap data, see market value of BlackRock TCP Capital Corp.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $785.12 Million | +14.18% |
| 2023-12-31 | $687.60 Million | -7.92% |
| 2022-12-31 | $746.75 Million | -9.97% |
| 2021-12-31 | $829.46 Million | +8.43% |
| 2020-12-31 | $764.99 Million | -1.46% |
| 2019-12-31 | $776.32 Million | -6.52% |
| 2018-12-31 | $830.47 Million | -4.62% |
| 2017-12-31 | $870.73 Million | +10.09% |
| 2016-12-31 | $790.94 Million | +9.55% |
| 2015-12-31 | $721.98 Million | -1.25% |
| 2014-12-31 | $731.13 Million | +33.03% |
| 2013-12-31 | $549.61 Million | +73.93% |
| 2012-12-31 | $315.99 Million | +32.84% |
| 2011-12-31 | $237.87 Million | -40.32% |
| 2010-12-31 | $398.59 Million | +8.53% |
| 2009-12-31 | $367.27 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to BlackRock TCP Capital 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 81413353600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $85.08K | 0.01% |
| Other Components | $1.73 Billion | 220.48% |
| Total Equity | $785.12 Million | 100.00% |
BlackRock TCP Capital Corp Competitors by Market Cap
The table below lists competitors of BlackRock TCP Capital Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ashiana Housing Limited
NSE:ASHIANA
|
$372.51 Million |
|
Curexo Inc
KQ:060280
|
$372.54 Million |
|
Xuancheng Valin Precision Technology Co Ltd
SHG:603356
|
$372.68 Million |
|
Bafang Yunji Intl Co Ltd
TW:2753
|
$372.69 Million |
|
Shenzhen Wenke Landscape Co Ltd
SHE:002775
|
$372.43 Million |
|
Guangdong Jialong Food Co Ltd
SHE:002495
|
$372.40 Million |
|
Anhui Chaoyue Environmental Protection Technology Co. Ltd.
SHE:301049
|
$372.39 Million |
|
Zhejiang Giuseppe Garment Co Ltd
SHE:002687
|
$372.28 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in BlackRock TCP Capital Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 687,601,546 to 785,123,667, a change of 97,522,121 (14.2%).
- Net loss of 63,137,172 reduced equity.
- Dividend payments of 122,538,000 reduced retained earnings.
- Share repurchases of 4,525,000 reduced equity.
- Other comprehensive income decreased equity by 687,601,546.
- Other factors increased equity by 975,323,839.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-63.14 Million | -8.04% |
| Dividends Paid | $122.54 Million | -15.61% |
| Share Repurchases | $4.53 Million | -0.58% |
| Other Comprehensive Income | $-687.60 Million | -87.58% |
| Other Changes | $975.32 Million | +124.23% |
| Total Change | $- | 14.18% |
Book Value vs Market Value Analysis
This analysis compares BlackRock TCP Capital 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: 0.45x
- 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 |
|---|---|---|---|
| 2009-12-31 | $8.77 | $4.39 | x |
| 2010-12-31 | $18.56 | $4.39 | x |
| 2011-12-31 | $11.08 | $4.39 | x |
| 2012-12-31 | $14.71 | $4.39 | x |
| 2013-12-31 | $21.24 | $4.39 | x |
| 2014-12-31 | $18.56 | $4.39 | x |
| 2015-12-31 | $14.78 | $4.39 | x |
| 2016-12-31 | $15.52 | $4.39 | x |
| 2017-12-31 | $15.28 | $4.39 | x |
| 2018-12-31 | $14.12 | $4.39 | x |
| 2019-12-31 | $13.21 | $4.39 | x |
| 2020-12-31 | $13.19 | $4.39 | x |
| 2021-12-31 | $14.36 | $4.39 | x |
| 2022-12-31 | $12.93 | $4.39 | x |
| 2023-12-31 | $11.90 | $4.39 | x |
| 2024-12-31 | $9.85 | $4.39 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently BlackRock TCP Capital 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): -8.04%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -304.06%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 2.45x
- Recent ROE (-8.04%) is below the historical average (7.75%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 14.72% | 0.00% | -0.08x | 1.26x | $17.35 Million |
| 2010 | 17.69% | 97.10% | 0.15x | 1.19x | $30.67 Million |
| 2011 | 2.83% | 12.34% | 0.14x | 1.70x | $-17.06 Million |
| 2012 | 8.71% | 84.73% | 0.06x | 1.74x | $-4.06 Million |
| 2013 | 11.51% | 90.76% | 0.09x | 1.46x | $8.32 Million |
| 2014 | 6.84% | 76.17% | 0.05x | 1.65x | $-23.12 Million |
| 2015 | 8.05% | 39.59% | 0.12x | 1.72x | $-14.05 Million |
| 2016 | 12.06% | 73.69% | 0.09x | 1.75x | $16.27 Million |
| 2017 | 10.41% | 68.84% | 0.08x | 1.87x | $3.54 Million |
| 2018 | 5.48% | 83.30% | 0.03x | 2.00x | $-37.57 Million |
| 2019 | 3.94% | 69.41% | 0.03x | 2.22x | $-47.05 Million |
| 2020 | 9.33% | 81.96% | 0.05x | 2.19x | $-5.12 Million |
| 2021 | 16.13% | 87.22% | 0.08x | 2.28x | $50.85 Million |
| 2022 | -1.24% | -5.10% | 0.11x | 2.30x | $-83.90 Million |
| 2023 | 5.60% | 18.38% | 0.12x | 2.47x | $-30.29 Million |
| 2024 | -8.04% | -304.06% | 0.01x | 2.45x | $-141.65 Million |
Industry Comparison
This section compares BlackRock TCP Capital Corp's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $1,450,737,970
- Average return on equity (ROE) among peers: 9.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| BlackRock TCP Capital Corp (TCPC) | $740.02 Million | 14.72% | 1.45x | $372.45 Million |
| Acadian Asset Management Inc (AAMI) | $49.50 Million | 132.93% | 11.35x | $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) | $93.70 Million | 49.33% | 0.08x | $265.69 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $2.99 Million | -170.94% | 0.46x | $194.14 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $17.85 Million | -32.96% | 4.15x | $368.87 Million |
| Affiliated Managers Group Inc (AMG) | $3.52 Billion | 4.94% | 0.76x | $8.19 Billion |
| Ameriprise Financial Inc (AMP) | $5.99 Billion | 24.73% | 23.64x | $41.87 Billion |
| AMTD IDEA Group (AMTD) | $1.70 Billion | 3.00% | 0.22x | $44.19 Million |
| Artisan Partners Asset Management Inc (APAM) | $117.70 Million | 62.05% | 6.95x | $2.65 Billion |
About BlackRock TCP Capital Corp
BlackRock TCP Capital Corp. is a business development company specializing in direct equity and debt investments in middle-market, small businesses, debt securities, senior secured loans, junior loans, originated loans, mezzanine, senior debt instruments, bonds, and secondary-market investments. It typically invests in communication services, public relations services, television, wireless teleco… Read more