First Eagle Alternative Capital BDC Inc
Crescent Capital BDC, Inc. is as a business development company is a private equity / buyouts and loan fund. It specializes in directly investing. It specializes in middle market. The fund seeks to invest in United States.
First Eagle Alternative Capital BDC Inc (FCRX) - Net Assets
Latest net assets as of June 2025: $866.69 Million USD
Based on the latest financial reports, First Eagle Alternative Capital BDC Inc (FCRX) has net assets worth $866.69 Million USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.79 Billion) and total liabilities ($924.22 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $866.69 Million |
| % of Total Assets | 48.39% |
| Annual Growth Rate | -0.29% |
| 5-Year Change | 32.26% |
| 10-Year Change | 854.6% |
| Growth Volatility | 213.09 |
First Eagle Alternative Capital BDC Inc - Net Assets Trend (2014–2024)
This chart illustrates how First Eagle Alternative Capital BDC Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for First Eagle Alternative Capital BDC Inc (2014–2024)
The table below shows the annual net assets of First Eagle Alternative Capital BDC Inc from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $740.64 Million | -0.26% |
| 2023-12-31 | $742.59 Million | +21.23% |
| 2022-12-31 | $612.54 Million | -6.09% |
| 2021-12-31 | $652.28 Million | +16.48% |
| 2020-12-31 | $560.00 Million | +37.62% |
| 2019-12-31 | $406.92 Million | -19.49% |
| 2018-12-31 | $505.41 Million | +677.70% |
| 2017-12-31 | $64.99 Million | -71.19% |
| 2016-12-31 | $225.56 Million | +190.72% |
| 2015-12-31 | $77.59 Million | -89.82% |
| 2014-12-31 | $762.49 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to First Eagle Alternative Capital 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 decreased by 21849800000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $37.00K | 0.00% |
| Other Components | $959.10 Million | 129.50% |
| Total Equity | $740.64 Million | 100.00% |
First Eagle Alternative Capital BDC Inc Competitors by Market Cap
The table below lists competitors of First Eagle Alternative Capital BDC Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Blackstone Secured Lending Fund
NYSE:BXSL
|
$238.93K |
|
GAS NATURAL SDG - Dusseldorf Stock Exchang
DU:GAN
|
$239.11K |
|
PhenixFIN Corporation 5.25% Notes due 2028
NASDAQ:PFXNZ
|
$239.13K |
|
APx Acquisition Corp. I Warrant
NASDAQ:APXIW
|
$239.17K |
|
Primary Bank
PINK:PRMY
|
$238.85K |
|
ParcelPal Technology Inc
PINK:PTNYF
|
$238.85K |
|
Oxford Lane Capital Corp. 7.125% Series 2029 Term Preferred Stock
NASDAQ:OXLCN
|
$238.68K |
|
Small Cap Premium & Dividend Income Fund Inc
NYSE:RCC
|
$238.68K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in First Eagle Alternative Capital BDC Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 742,594,000 to 740,637,000, a change of -1,957,000 (-0.3%).
- Net income of 73,649,000 contributed positively to equity growth.
- Dividend payments of 75,235,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $73.65 Million | +9.94% |
| Dividends Paid | $75.23 Million | -10.16% |
| Other Changes | $-371.00K | -0.05% |
| Total Change | $- | -0.26% |
Book Value vs Market Value Analysis
This analysis compares First Eagle Alternative Capital 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: 1.25x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 1.89x to 1.25x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-12-31 | $13.16 | $24.93 | x |
| 2011-12-31 | $13269970.01 | $24.93 | x |
| 2012-12-31 | $13212007.56 | $24.93 | x |
| 2013-12-31 | $14.95 | $24.93 | x |
| 2014-12-31 | $13.08 | $24.93 | x |
| 2015-12-31 | $4.06 | $24.93 | x |
| 2016-12-31 | $43.45 | $24.93 | x |
| 2017-12-31 | $43.61 | $24.93 | x |
| 2018-12-31 | $47.15 | $24.93 | x |
| 2019-12-31 | $23.46 | $24.93 | x |
| 2020-12-31 | $20.23 | $24.93 | x |
| 2021-12-31 | $22.91 | $24.93 | x |
| 2022-12-31 | $19.83 | $24.93 | x |
| 2023-12-31 | $20.67 | $24.93 | x |
| 2024-12-31 | $19.98 | $24.93 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently First Eagle Alternative Capital 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): 9.94%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 37.80%
- • Asset Turnover: 0.12x
- • Equity Multiplier: 2.24x
- Recent ROE (9.94%) is above the historical average (1.28%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | -2.78% | -2.29% | 0.66x | 1.85x | $-9.91 Million |
| 2016 | 7.60% | 20.27% | 0.37x | 1.00x | $-5.41 Million |
| 2017 | -2.40% | -10.03% | 1.21x | 0.20x | $-40.89 Million |
| 2018 | -2.10% | -15.83% | 0.13x | 1.00x | $-61.14 Million |
| 2019 | -6.05% | -46.88% | 0.07x | 1.84x | $-65.30 Million |
| 2020 | -6.54% | -123.13% | 0.03x | 1.88x | $-92.65 Million |
| 2021 | 1.27% | 6.56% | 0.10x | 2.02x | $-56.94 Million |
| 2022 | 2.54% | 13.32% | 0.09x | 2.13x | $-45.71 Million |
| 2023 | 11.29% | 48.55% | 0.11x | 2.19x | $9.58 Million |
| 2024 | 9.94% | 37.80% | 0.12x | 2.24x | $-414.70K |
Industry Comparison
This section compares First Eagle Alternative Capital BDC Inc's net assets metrics with peer companies in the same industry.
Industry Context
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| First Eagle Alternative Capital BDC Inc (FCRX) | $866.69 Million | -2.78% | 1.07x | $238.90K |
| Abcam plc (ABCZF) | $726.90 Million | -1.17% | 0.45x | $5.00 Billion |
| Able View Global Inc. Warrant (ABLVW) | $11.42 Million | 85.41% | 3.81x | $277.93K |
| Above Food Ingredients Inc. Warrants (ABVEW) | $199.86 Million | -2.89% | 0.00x | $6.25 Million |
| Adamas Trust, Inc. (ADAMG) | $2.43 Billion | 7.94% | 1.33x | $2.09 Billion |
| ADS-TEC ENERGY PLC Warrant (ADSEW) | $33.92 Million | -162.39% | 2.67x | $10.06 Million |
| Alliance Entertainment Holding Corporation Warrants (AENTW) | $52.92 Million | 10.13% | 4.23x | $2.29 Million |
| Forafric Global PLC Warrants (AFRIW) | $5.32 Million | -457.58% | 45.29x | $2.67 Million |
| Centurion Acquisition Corp. Warrant (ALFUW) | $282.84 Million | 1.97% | 0.05x | $4.81 Million |
| Alliance Trust PLC (ALITF) | $4.04 Billion | 10.04% | 0.29x | $112.87K |
| Alvotech Warrant (ALVOW) | $-564.42 Million | 0.00% | 0.00x | $35.01 Million |