Barings BDC Inc (BBDC) - Net Assets
Based on the latest financial reports, Barings BDC Inc (BBDC) has net assets worth $1.16 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.64 Billion) and total liabilities ($1.48 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 Barings BDC Inc asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.16 Billion |
| % of Total Assets | 44.03% |
| Annual Growth Rate | 21.69% |
| 5-Year Change | 56.44% |
| 10-Year Change | 89.92% |
| Growth Volatility | 89.18 |
Barings BDC Inc - Net Assets Trend (2004–2025)
This chart illustrates how Barings BDC Inc's net assets have evolved over time, based on quarterly financial data. Also explore Barings BDC Inc asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Barings BDC Inc (2004–2025)
The table below shows the annual net assets of Barings BDC Inc from 2004 to 2025. For live valuation and market cap data, see Barings BDC Inc (BBDC) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $1.16 Billion | -2.49% |
| 2024-12-31 | $1.19 Billion | -0.52% |
| 2023-12-31 | $1.20 Billion | +0.35% |
| 2022-12-31 | $1.19 Billion | +60.71% |
| 2021-12-31 | $741.93 Million | +3.36% |
| 2020-12-31 | $717.80 Million | +25.74% |
| 2019-12-31 | $570.87 Million | +1.40% |
| 2018-12-31 | $562.97 Million | -12.21% |
| 2017-12-31 | $641.28 Million | +4.93% |
| 2016-12-31 | $611.16 Million | +20.22% |
| 2015-12-31 | $508.37 Million | -4.23% |
| 2014-12-31 | $530.83 Million | +19.07% |
| 2013-12-31 | $445.79 Million | +6.82% |
| 2012-12-31 | $417.34 Million | +24.84% |
| 2011-12-31 | $334.29 Million | +85.22% |
| 2010-12-31 | $180.48 Million | +39.80% |
| 2009-12-31 | $129.10 Million | +41.21% |
| 2008-12-31 | $91.43 Million | -2.19% |
| 2007-12-31 | $93.47 Million | +271.56% |
| 2006-12-31 | $25.16 Million | -68.54% |
| 2005-12-31 | $79.97 Million | +325.01% |
| 2004-12-31 | $18.82 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Barings BDC Inc'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 grown by 243377500.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $104.00K | 0.01% |
| Other Components | $1.16 Billion | 99.99% |
| Total Equity | $1.16 Billion | 100.00% |
Barings BDC Inc Competitors by Market Cap
The table below lists competitors of Barings BDC Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AXWAY SOFTWARE EO 2
F:1XV
|
$965.69 Million |
|
Sichuan Zigong Conveying Machine Group Co Ltd
SHE:001288
|
$966.15 Million |
|
Appian Corp
NASDAQ:APPN
|
$966.34 Million |
|
Shanghai Zhongyida Co Ltd A
SHG:600610
|
$966.43 Million |
|
Palvella Therapeutics, Inc
NASDAQ:PVLA
|
$965.15 Million |
|
Xinke Material
SHG:600255
|
$964.68 Million |
|
Mengtian Home Group Inc.
SHG:603216
|
$964.56 Million |
|
Huarong Chemical Co. Ltd.
SHE:301256
|
$964.38 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Barings BDC Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,190,354,000 to 1,160,682,000, a change of -29,672,000 (-2.5%).
- Net income of 117,843,000 contributed positively to equity growth.
- Dividend payments of 24,527,000 reduced retained earnings.
- Other factors decreased equity by 122,988,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $117.84 Million | +10.15% |
| Dividends Paid | $24.53 Million | -2.11% |
| Other Changes | $-122.99 Million | -10.6% |
| Total Change | $- | -2.49% |
Book Value vs Market Value Analysis
This analysis compares Barings BDC Inc'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: 0.82x
- 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 decreased from 3.28x to 0.82x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | $2.81 | $9.23 | x |
| 2005-12-31 | $11.96 | $9.23 | x |
| 2006-12-31 | $3.76 | $9.23 | x |
| 2007-12-31 | $13.89 | $9.23 | x |
| 2008-12-31 | $13.29 | $9.23 | x |
| 2009-12-31 | $15.02 | $9.23 | x |
| 2010-12-31 | $14.14 | $9.23 | x |
| 2011-12-31 | $17.09 | $9.23 | x |
| 2012-12-31 | $15.61 | $9.23 | x |
| 2013-12-31 | $16.17 | $9.23 | x |
| 2014-12-31 | $17.83 | $9.23 | x |
| 2015-12-31 | $15.30 | $9.23 | x |
| 2016-12-31 | $16.79 | $9.23 | x |
| 2017-12-31 | $13.79 | $9.23 | x |
| 2018-12-31 | $11.28 | $9.23 | x |
| 2019-12-31 | $11.38 | $9.23 | x |
| 2020-12-31 | $14.78 | $9.23 | x |
| 2021-12-31 | $11.36 | $9.23 | x |
| 2022-12-31 | $11.59 | $9.23 | x |
| 2023-12-31 | $11.18 | $9.23 | x |
| 2024-12-31 | $11.26 | $9.23 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Barings BDC Inc 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): 10.15%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 61.87%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 2.27x
- Recent ROE (10.15%) is above the historical average (5.90%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | -6.71% | -63.49% | 0.05x | 1.98x | $-3.14 Million |
| 2005 | 3.97% | 64.83% | 0.04x | 1.41x | $-4.82 Million |
| 2006 | 0.00% | 0.00% | 0.11x | 2.34x | $-2.52 Million |
| 2007 | 9.43% | 67.25% | 0.10x | 1.46x | $-534.14K |
| 2008 | 8.35% | 44.59% | 0.08x | 2.34x | $-1.50 Million |
| 2009 | 3.13% | 19.35% | 0.08x | 2.02x | $-8.87 Million |
| 2010 | 14.07% | 88.67% | 0.07x | 2.15x | $7.34 Million |
| 2011 | 16.98% | 80.42% | 0.12x | 1.74x | $23.34 Million |
| 2012 | 14.39% | 66.47% | 0.11x | 1.90x | $18.33 Million |
| 2013 | 18.22% | 80.39% | 0.12x | 1.83x | $36.63 Million |
| 2014 | 5.34% | 27.14% | 0.11x | 1.84x | $-24.72 Million |
| 2015 | 9.41% | 39.46% | 0.12x | 2.04x | $-2.98 Million |
| 2016 | 5.61% | 30.13% | 0.10x | 1.90x | $-26.86 Million |
| 2017 | -4.47% | -23.29% | 0.10x | 1.91x | $-92.78 Million |
| 2018 | -20.30% | -142.45% | 0.07x | 2.07x | $-170.58 Million |
| 2019 | 10.19% | 88.55% | 0.05x | 2.19x | $1.10 Million |
| 2020 | 1.14% | 47.65% | 0.01x | 2.34x | $-63.60 Million |
| 2021 | 10.47% | 89.51% | 0.04x | 2.91x | $3.49 Million |
| 2022 | 0.39% | 29.25% | 0.01x | 2.27x | $-114.55 Million |
| 2023 | 10.70% | 44.26% | 0.11x | 2.24x | $8.34 Million |
| 2024 | 9.27% | 52.74% | 0.08x | 2.26x | $-8.75 Million |
| 2025 | 10.15% | 61.87% | 0.07x | 2.27x | $1.77 Million |
Industry Comparison
This section compares Barings BDC Inc'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 |
|---|---|---|---|---|
| Barings BDC Inc (BBDC) | $1.16 Billion | -6.71% | 1.27x | $965.36 Million |
| 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 Barings BDC Inc
Barings BDC, Inc. is a publicly traded, externally managed investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. It seeks to invest primarily in senior secured loans, first lien debt, unitranche, second lien debt, subordinated debt, equity co-investments and senior secured private debt investments in private middle-market com… Read more