Barings BDC, Inc. (BBDC) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 132.79M | 164.18M | 206.19M | 101.88M | 131.52M | 134.19M | 119.98M | 132.1M | 97.83M | 126.99M | 153.22M | 156.27M | 108.02M | 203.2M | 245.51M | 390.38M | 382.48M | 340.99M | 129.61M | 213.46M |
| Cash & Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cash Only | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Sales Outstanding | 67.39 | 164.1 | 125.15 | 94.79 | 77.51 | 104.09 | 114.85 | 113.12 | 63.05 | 93.47 | 114.01 | 76.29 | 76.74 | 122.99 | 233.18 | 330.51 | 492.37 | 667.38 | 494.61 | 285.63 |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 332K | 55.01M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 2.47B | 2.47B | 2.62B | 2.69B | 2.66B | 2.56B | 2.49B | 2.47B | 2.6B | 2.55B | 2.59B | 2.57B | 2.62B | 2.51B | 2.4B | 2.44B | 2.47B | 1.82B | 1.67B | 1.59B |
| Property, Plant & Equipment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Fixed Asset Turnover | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 2.44B | 2.46B | 58.09M | 54.56M | 71.51M | 88.27M | 58.76M | 54.9M | 56.46M | 57.8M | 62.44M | 63.29M | 59.93M | 54.59M | 65.39M | 46.04M | 59.4M | 16.34M | 14.3M | 14.3M |
| Other Non-Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Assets | 2.6B | 2.64B | 2.82B | 2.79B | 2.79B | 2.7B | 2.61B | 2.6B | 2.7B | 2.68B | 2.74B | 2.73B | 2.73B | 2.71B | 2.65B | 2.83B | 2.85B | 2.16B | 1.8B | 1.81B |
| Asset Turnover | 0.02x | 0.02x | 0.03x | 0.02x | 0.02x | 0.02x | 0.02x | 0.02x | 0.03x | 0.03x | 0.03x | 0.03x | 0.02x | 0.02x | 0.02x | 0.02x | 0.02x | 0.01x | 0.01x | 0.02x |
| Asset Growth % | -6.85% | -2.2% | 8.32% | 7.28% | 3.43% | 0.68% | -4.98% | -4.64% | -1.04% | -1.2% | 3.58% | -3.5% | -4.3% | 25.41% | 47.09% | 56.64% | 64.98% | 28.85% | 47.19% | 69.59% |
| Total Current Liabilities | 0 | 41.98M | 19.53M | 23.56M | 65.96M | 29.19M | 16.66M | 22.28M | 14.94M | 12.51M | 13.49M | 10.18M | 12.4M | 44.17M | 37.47M | 33.63M | 42.09M | 34.83M | 7.09M | 9.82M |
| Accounts Payable | 0 | 7.38M | 19.53M | 23.56M | 65.96M | 29.19M | 16.66M | 22.28M | 14.94M | 12.51M | 13.49M | 10.18M | 12.4M | 44.17M | 37.47M | 33.63M | 42.09M | 34.83M | 7.09M | 9.82M |
| Days Payables Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Liabilities | 0 | 183K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Current Ratio | - | 3.91x | 10.56x | 4.32x | 1.99x | 4.60x | 7.20x | 5.93x | 6.55x | 10.15x | 11.36x | 15.34x | 8.71x | 4.60x | 6.55x | 11.61x | 9.09x | 9.79x | 18.29x | 21.74x |
| Quick Ratio | - | 3.91x | 10.56x | 4.32x | 1.99x | 4.60x | 7.20x | 5.93x | 6.55x | 10.15x | 11.36x | 15.34x | 8.71x | 4.60x | 6.55x | 11.61x | 9.09x | 9.79x | 18.29x | 21.74x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 1.45B | 1.43B | 1.64B | 1.59B | 1.54B | 1.48B | 1.39B | 1.38B | 1.47B | 1.47B | 1.53B | 1.51B | 1.51B | 1.47B | 1.38B | 1.54B | 1.49B | 1.38B | 1.05B | 1.05B |
| Long-Term Debt | 1.41B | 1.43B | 1.62B | 1.57B | 1.52B | 1.45B | 1.37B | 1.36B | 1.45B | 1.44B | 1.52B | 1.49B | 1.49B | 1.45B | 1.37B | 1.53B | 1.48B | 1.37B | 1.04B | 1.04B |
| Capital Lease Obligations | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | 1.45B | 1.48B | 1.66B | 1.62B | 1.6B | 1.51B | 1.41B | 1.4B | 1.49B | 1.48B | 1.54B | 1.52B | 1.52B | 1.52B | 1.42B | 1.58B | 1.53B | 1.42B | 1.05B | 1.06B |
| Total Debt | 1.41B | 1.43B | 1.62B | 1.57B | 1.52B | 1.45B | 1.37B | 1.36B | 1.45B | 1.44B | 1.52B | 1.49B | 1.49B | 1.45B | 1.37B | 1.53B | 1.48B | 1.37B | 1.04B | 1.04B |
| Net Debt | 1.32B | 1.36B | 1.55B | 1.52B | 1.42B | 1.37B | 1.31B | 1.29B | 1.4B | 1.37B | 1.47B | 1.41B | 1.43B | 1.31B | 1.23B | 1.33B | 1.32B | 1.29B | 995.54M | 1.01B |
| Debt / Equity | 1.23x | 1.23x | 1.39x | 1.33x | 1.27x | 1.22x | 1.15x | 1.13x | 1.20x | 1.20x | 1.27x | 1.24x | 1.24x | 1.21x | 1.12x | 1.22x | 1.12x | 1.85x | 1.39x | 1.40x |
| Debt / EBITDA | 35.97x | 53.82x | 34.91x | 73.40x | 45.96x | 54.33x | 59.38x | 68.84x | 28.63x | 25.13x | 27.30x | 27.31x | 31.66x | 26.69x | 31.66x | 34.10x | 48.09x | 119.59x | 71.83x | 35.57x |
| Net Debt / EBITDA | 33.53x | 51.31x | 33.39x | 71.32x | 43.13x | 51.42x | 56.66x | 65.33x | 27.63x | 23.90x | 26.40x | 25.84x | 30.48x | 24.12x | 28.49x | 29.70x | 43.05x | 112.25x | 68.96x | 34.53x |
| Interest Coverage | 2.08x | 1.25x | 2.16x | 0.96x | 1.63x | 1.27x | 1.02x | 0.95x | 2.40x | 2.52x | 2.54x | 2.63x | 2.43x | 3.25x | 2.82x | 3.41x | 2.63x | 1.19x | 1.78x | 3.67x |
| Total Equity | 1.15B | 1.16B | 1.17B | 1.18B | 1.19B | 1.19B | 1.19B | 1.2B | 1.21B | 1.2B | 1.2B | 1.21B | 1.21B | 1.19B | 1.23B | 1.25B | 1.32B | 741.93M | 744.82M | 744.13M |
| Equity Growth % | -2.97% | -2.49% | -2.31% | -2.17% | -1.9% | -0.52% | -0.32% | -0.47% | 0.57% | 0.35% | -2.43% | -3.61% | -8.54% | 60.71% | 64.88% | 68.37% | 81.01% | 3.36% | 41.61% | 51.72% |
| Book Value per Share | 11.02 | 11.04 | 11.10 | 11.17 | 11.28 | 11.28 | 11.30 | 11.35 | 11.43 | 11.25 | 11.25 | 11.25 | 11.17 | 10.98 | 11.24 | 11.31 | 15.94 | 11.36 | 11.40 | 11.39 |
| Total Shareholders' Equity | 1.15B | 1.16B | 1.17B | 1.18B | 1.19B | 1.19B | 1.19B | 1.2B | 1.21B | 1.2B | 1.2B | 1.21B | 1.21B | 1.19B | 1.23B | 1.25B | 1.32B | 741.93M | 744.82M | 744.13M |
| Common Stock | 104K | 104K | 105K | 105K | 105K | 105K | 106K | 106K | 106K | 106K | 107K | 107K | 108K | 108K | 109K | 110K | 111K | 65K | 65.32K | 65.32K |
| Retained Earnings | -709.49M | -702.26M | -677.95M | -668.9M | -656.83M | -656.73M | -655.15M | -649.67M | -641.58M | -658M | -647M | -637.63M | -651.08M | -663.75M | -347.62M | -331.31M | -279.81M | -285.82M | -282.95M | -283.64M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |