MSC Income Fund, Inc. (MSIF) - Net Assets
Based on the latest financial reports, MSC Income Fund, Inc. (MSIF) has net assets worth $734.36 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 ($1.30 Billion) and total liabilities ($563.75 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. Read total liabilities of MSC Income Fund, Inc. for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $734.36 Million |
| % of Total Assets | 56.57% |
| Annual Growth Rate | 0.56% |
| 5-Year Change | 7.81% |
| 10-Year Change | N/A |
| Growth Volatility | 4.29 |
MSC Income Fund, Inc. - Net Assets Trend (2016–2024)
This chart illustrates how MSC Income Fund, Inc.'s net assets have evolved over time, based on quarterly financial data. Also explore MSIF total asset value for the complete picture of this company's asset base.
Annual Net Assets for MSC Income Fund, Inc. (2016–2024)
The table below shows the annual net assets of MSC Income Fund, Inc. from 2016 to 2024. For live valuation and market cap data, see market cap of MSC Income Fund, Inc..
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $624.90 Million | +0.42% |
| 2023-12-31 | $622.31 Million | +2.07% |
| 2022-12-31 | $609.66 Million | -0.57% |
| 2021-12-31 | $613.17 Million | +5.79% |
| 2020-12-31 | $579.62 Million | -4.87% |
| 2019-12-31 | $609.30 Million | -2.57% |
| 2018-12-31 | $625.37 Million | -3.46% |
| 2017-12-31 | $647.79 Million | +8.36% |
| 2016-12-31 | $597.83 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to MSC Income Fund, 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 6471700000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $40.00K | 0.01% |
| Other Components | $689.58 Million | 110.35% |
| Total Equity | $624.90 Million | 100.00% |
MSC Income Fund, Inc. Competitors by Market Cap
The table below lists competitors of MSC Income Fund, Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ningbo Tianlong Electronics Co Ltd
SHG:603266
|
$588.76 Million |
|
Globalworth REIT
LSE:GWI
|
$588.83 Million |
|
Anhui Xinli Finance Co Ltd
SHG:600318
|
$588.97 Million |
|
Cachet Pharmaceutical Co Ltd
SHE:002462
|
$589.07 Million |
|
Surya Roshni Limited
NSE:SURYAROSNI
|
$588.61 Million |
|
Calian Technologies Ltd
TO:CGY
|
$588.57 Million |
|
Gladstone Commercial Corporation
NASDAQ:GOOD
|
$588.44 Million |
|
MH Robot & Automation Co. Ltd.
SHE:301199
|
$588.13 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MSC Income Fund, Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 622,307,000 to 624,903,000, a change of 2,596,000 (0.4%).
- Net income of 56,553,000 contributed positively to equity growth.
- Dividend payments of 39,756,000 reduced retained earnings.
- Share repurchases of 20,724,000 reduced equity.
- New share issuances of 6,996,000 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $56.55 Million | +9.05% |
| Dividends Paid | $39.76 Million | -6.36% |
| Share Repurchases | $20.72 Million | -3.32% |
| Share Issuances | $7.00 Million | +1.12% |
| Other Changes | $-473.00K | -0.08% |
| Total Change | $- | 0.42% |
Book Value vs Market Value Analysis
This analysis compares MSC Income Fund, 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: 0.86x
- 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 |
|---|---|---|---|
| 2016-12-31 | $15.09 | $13.34 | x |
| 2017-12-31 | $16.35 | $13.34 | x |
| 2018-12-31 | $15.78 | $13.34 | x |
| 2019-12-31 | $15.47 | $13.34 | x |
| 2020-12-31 | $14.63 | $13.34 | x |
| 2021-12-31 | $15.35 | $13.34 | x |
| 2022-12-31 | $15.24 | $13.34 | x |
| 2023-12-31 | $15.51 | $13.34 | x |
| 2024-12-31 | $15.55 | $13.34 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MSC Income Fund, 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): 9.05%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 55.58%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 1.96x
- Recent ROE (9.05%) is above the historical average (7.74%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 11.14% | 94.47% | 0.07x | 1.73x | $6.80 Million |
| 2017 | 8.12% | 94.27% | 0.05x | 1.73x | $-12.15 Million |
| 2018 | 6.44% | 97.13% | 0.04x | 1.83x | $-22.26 Million |
| 2019 | 6.50% | 89.07% | 0.04x | 1.75x | $-21.30 Million |
| 2020 | -1.68% | 0.00% | 0.00x | 1.53x | $-67.73 Million |
| 2021 | 12.01% | 89.38% | 0.07x | 1.87x | $12.32 Million |
| 2022 | 7.48% | 88.10% | 0.05x | 1.82x | $-15.38 Million |
| 2023 | 10.64% | 88.47% | 0.07x | 1.83x | $3.98 Million |
| 2024 | 9.05% | 55.58% | 0.08x | 1.96x | $-5.94 Million |
Industry Comparison
This section compares MSC Income Fund, 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 |
|---|---|---|---|---|
| MSC Income Fund, Inc. (MSIF) | $734.36 Million | 11.14% | 0.77x | $588.74 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 MSC Income Fund, Inc.
MSC Income Fund, Inc. is a Business Development Company specializing in middle market debt and debt and equity investments in lower middle market companies. The fund seeks to invest in management buyouts, recapitalizations, growth financings, refinancing and acquisitions of companies. It invests in companies with revenue between $10 million and $150 million.