First Eagle Alternative Capital BDC Inc (FCRX) - Net Assets
Based on the latest financial reports, First Eagle Alternative Capital BDC Inc (FCRX) has net assets worth $706.04 Million USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.62 Billion) and total liabilities ($916.10 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. See First Eagle Alternative Capital BDC Inc balance sheet quality to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $706.04 Million |
| % of Total Assets | 43.53% |
| Annual Growth Rate | -0.7% |
| 5-Year Change | 8.24% |
| 10-Year Change | 451.35% |
| Growth Volatility | 65.77 |
First Eagle Alternative Capital BDC Inc - Net Assets Trend (2014–2025)
This chart illustrates how First Eagle Alternative Capital BDC Inc's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see FCRX company net worth.
Annual Net Assets for First Eagle Alternative Capital BDC Inc (2014–2025)
The table below shows the annual net assets of First Eagle Alternative Capital BDC Inc from 2014 to 2025. Also explore FCRX net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $706.04 Million | -4.67% |
| 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 | +192.48% |
| 2017-12-31 | $172.80 Million | +34.94% |
| 2016-12-31 | $128.06 Million | +65.05% |
| 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 25102900000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $37.00K | 0.01% |
| Other Components | $957.03 Million | 135.55% |
| Total Equity | $706.04 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 |
|---|---|
|
TARGA EXPLORATION CORP.
F:V6Y
|
$237.86K |
|
Murray & Roberts Holdings Ltd
JSE:MUR
|
$238.01K |
|
ProPhase Labs Inc
NASDAQ:PRPH
|
$238.57K |
|
Veg of Lund AB
ST:VOLAB
|
$239.80K |
|
Develop North PLC
LSE:DVNO
|
$235.91K |
|
Dianomi PLC
LSE:DNM
|
$235.65K |
|
Kazera Global PLC
LSE:KZG
|
$233.45K |
|
Leyden SAIC y F
BA:LEID
|
$232.05K |
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 2024 to 2025, total equity changed from 740,637,000 to 706,038,000, a change of -34,599,000 (-4.7%).
- Net income of 34,509,000 contributed positively to equity growth.
- Dividend payments of 67,813,000 reduced retained earnings.
- Share repurchases of 1,333,000 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $34.51 Million | +4.89% |
| Dividends Paid | $67.81 Million | -9.6% |
| Share Repurchases | $1.33 Million | -0.19% |
| Other Changes | $38.00K | +0.01% |
| Total Change | $- | -4.67% |
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: 1.32x
- 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 1.91x to 1.32x 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 | $25.17 | x |
| 2011-12-31 | $13269970.01 | $25.17 | x |
| 2012-12-31 | $13212007.56 | $25.17 | x |
| 2013-12-31 | $14.95 | $25.17 | x |
| 2014-12-31 | $13.08 | $25.17 | x |
| 2015-12-31 | $4.06 | $25.17 | x |
| 2016-12-31 | $24.67 | $25.17 | x |
| 2017-12-31 | $22.85 | $25.17 | x |
| 2018-12-31 | $47.15 | $25.17 | x |
| 2019-12-31 | $23.46 | $25.17 | x |
| 2020-12-31 | $20.23 | $25.17 | x |
| 2021-12-31 | $22.91 | $25.17 | x |
| 2022-12-31 | $19.83 | $25.17 | x |
| 2023-12-31 | $20.67 | $25.17 | x |
| 2024-12-31 | $19.98 | $25.17 | x |
| 2025-12-31 | $19.06 | $25.17 | 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): 4.89%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 22.09%
- • Asset Turnover: 0.10x
- • Equity Multiplier: 2.30x
- Recent ROE (4.89%) is above the historical average (2.98%), 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 | 13.39% | 20.27% | 0.37x | 1.76x | $4.34 Million |
| 2017 | -4.57% | -10.03% | 0.24x | 1.91x | $-25.18 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 | 12.82% | 88.98% | 0.07x | 2.02x | $18.40 Million |
| 2022 | 2.54% | 13.32% | 0.09x | 2.13x | $-45.71 Million |
| 2023 | 11.29% | 45.53% | 0.11x | 2.19x | $9.58 Million |
| 2024 | 9.94% | 37.32% | 0.12x | 2.24x | $-414.70K |
| 2025 | 4.89% | 22.09% | 0.10x | 2.30x | $-36.09 Million |
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) | $706.04 Million | -2.78% | 1.30x | $236.32K |
| Advent Technologies Holdings Inc (ADNWW) | $130.20 Million | -15.76% | 0.25x | $26.45 |
| AmpliTech Group Inc (AMPGW) | $915.30K | 35.94% | 0.54x | $700.45 |
| Arko Corp (ARKOW) | $224.17 Million | 4.89% | 3.81x | $23.93 |
| Aris Mining Corporation (ARMN) | $117.65 Million | -111.49% | 2.06x | $3.93 Billion |
| Aberdeen Standard Global Infrastructure Income Fund (ASGI) | $167.65 Million | -10.39% | 0.01x | $472.62 Million |
| Atlas Corp (ATCOL) | $3.81 Billion | 10.50% | 1.77x | $244.80K |
| Auddia Inc (AUUDW) | $420.42K | -2094.93% | 9.47x | $384.70 |
| BriaCell Therapeutics Corp (BCTXW) | $-3.29 Million | 0.00% | 0.00x | $8.61 |
| Blaize Holdings, Inc. Warrants (BZAIW) | $39.00 Million | -530.52% | 1.62x | $1.96 Million |
| Churchill Capital Corp IX Warrant (CCIXW) | $6.04K | -313.77% | 9.82x | $14.04 Million |
About 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.