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Ares Capital ARCC Secured borrowings

Discontinued — last reported Q4 '24

Secured borrowings at other companies

EFC
Ellington Financial Inc.EFC
$17.1B+19.6%
KKR & Co. logo
KKR & Co.KKR
$3.4B+3.0%
Warner Music Group logo
Warner Music GroupWMG
$302M
Ally Financial logo
Ally FinancialALLY
$11.56B
Jefferies Financial Group logo
Jefferies Financial GroupJEF
$4.99B-16.0%
American Healthcare REIT logo
American Healthcare REITAHR

Other financials

Income statement

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Net income$92.0M-61.8%
EPS (diluted)$0.13-63.9%

Balance sheet

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Cash & equivalents$505.0M-31.9%
Total debt$15.8B+13.8%
Total equity$14.1B+2.9%
Total assets$30.7B+8.3%

Cash flow

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Operating cash flow$184.0M+162%

Valuation

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Market cap$12.95B-14.7%
Enterprise value$28.29B-0.2%
P/E11.3×-0.3×

Returns & leverage

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Return on equity8.3%-2.0pp
Debt / equity1.1×+0.1×

Where this comes from

Reported directly by Ares Capital in its filing.

Tagged under the XBRL concept arcc:SecuredBorrowings.

The official record: Ares Capital’s 10-K, filed February 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ares Capital's secured borrowings?
Ares Capital (ARCC) reported secured borrowings of $32M in Q4 2024.
How has Ares Capital's secured borrowings changed year-over-year?
Ares Capital's secured borrowings decreased by 7.0% year-over-year, from $34.4M to $32M.
What is the long-term trend for Ares Capital's secured borrowings?
Over 3 years (2021 to 2024), Ares Capital's secured borrowings has grown at a 442.9% compound annual growth rate (CAGR), from $200K to $32M.
What does secured borrowings mean?
Debt obligations that are backed by specific company assets.
How do you interpret secured borrowings?
Higher levels indicate increased leverage and potential asset encumbrance, which may limit future financing flexibility.
How does secured borrowings compare across companies?
Standard leverage metric for BDCs and credit-focused investment firms.