$Barings BDC (BBDC.US)$Revenue sharply declined in the first...
$Barings BDC (BBDC.US)$Revenue sharply declined in the first three years, and increased significantly in the past two years. Revenue is mainly driven by interest income, with net income fluctuating greatly over the past five years. After turning losses in 2019, it has been consistently profitable, with an average profit of 0.037 billion in the past four years and only 8.7 million in the past five years.
The asset-liability ratio has increased from 51.8% to 56% over the past five years. Assets are mainly composed of investments totaling 2.45 billion, while liabilities mainly consist of long-term borrowings of 1.45 billion, accounting for 53% of total assets. Net assets are 1.2 times 1.19 billion.
Currently, the PE ratio is 158, the PB ratio is 0.7, and the market cap is 0.85 billion. This type of company can be considered a leveraged investment company, with a leverage ratio of 120%. This means that without considering interest income, a 15% decline in the investment's symbol price would start eroding net assets. A 40% decline would bring net assets down to zero, indicating considerable risk.
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