Ares Dynamic Credit Allocation Fund, Inc. (ARDC) Income Statement Analysis

See more : EMIMEN CO LTD (9237.T) Income Statement Analysis – Financial Results

Complete financial analysis of Ares Dynamic Credit Allocation Fund, Inc. (ARDC) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Ares Dynamic Credit Allocation Fund, Inc., a leading company in the Asset Management industry within the Financial Services sector.

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Ares Dynamic Credit Allocation Fund, Inc. (ARDC)

Industry: Asset Management

Sector: Financial Services

Website: https://www.arespublicfunds.com/funds/ardc/overview/

About Ares Dynamic Credit Allocation Fund, Inc.

Ares Dynamic Credit Allocation Fund, Inc. is a closed-ended fixed income mutual fund launched by Ares Management LLC. The fund is managed by Ares Capital Management II LLC. It invests in the fixed income markets of Europe. The fund primarily invests in debt instruments such as senior loans made primarily to companies whose debt is rated below investment grade, corporate bonds that are primarily high yield issues rated below investment grade, debt securities issued by CLOs, and other fixed-income instruments. It focuses on such factors as the overall macroeconomic environment, financial markets, and company specific research and analysis, to create its portfolio. Ares Dynamic Credit Allocation Fund, Inc. was formed on November 27, 2012 and is domiciled in the United States.

Metric	2023	2022	2021	2020	2019	2018	2017	2016
Revenue	59.70M	-43.42M	39.77M	9.90M	19.27M	20.56M	53.21M	6.96M
Cost of Revenue	33.63M	6.45M	6.85M	6.25M	6.75M	7.16M	7.18M	7.21M
Gross Profit	26.08M	-49.88M	32.92M	3.64M	12.51M	13.40M	46.03M	-255.55K
Gross Profit Ratio	43.68%	114.86%	82.77%	36.83%	64.95%	65.18%	86.51%	-3.67%
Research & Development	0.00	-1.90	0.83	1.32	0.13	0.00	0.00	0.00
General & Administrative	2.83M	2.41M	2.04M	2.00M	416.70K	1.95M	2.11M	0.00
Selling & Marketing	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	2.83M	2.41M	2.04M	2.00M	416.70K	1.95M	2.11M	0.00
Other Expenses	56.88M	272.00K	592.00K	522.33K	109.02K	537.02K	583.74K	31.10M
Operating Expenses	59.70M	2.68M	2.63M	2.52M	525.72K	2.48M	2.70M	31.10M
Cost & Expenses	59.70M	2.68M	2.63M	2.52M	525.72K	2.48M	2.70M	-21.47M
Interest Income	50.44M	43.91M	39.55M	36.86M	6.07M	44.07M	42.38M	0.00
Interest Expense	7.73M	5.70M	2.80M	2.33M	707.79K	4.76M	3.27M	0.00
Depreciation & Amortization	0.00	228.49K	236.56K	206.30K	171.86K	161.14K	52.52K	0.00
EBITDA	64.91M	-40.41M	37.14M	11.31M	31.61M	17.19M	53.78M	30.84M
EBITDA Ratio	108.72%	93.06%	93.38%	74.55%	97.27%	111.09%	101.08%	443.22%
Operating Income	64.91M	-40.41M	37.14M	7.38M	18.74M	22.84M	53.78M	30.84M
Operating Income Ratio	108.72%	93.06%	93.38%	74.55%	97.27%	111.09%	101.08%	443.22%
Total Other Income/Expenses	-8.03M	-5.43M	250.00K	-4.75M	-7.35M	6.59M	2.25M	-581.24K
Income Before Tax	56.88M	-46.11M	37.14M	7.38M	18.74M	18.08M	50.51M	30.26M
Income Before Tax Ratio	95.27%	106.18%	93.38%	74.55%	97.27%	87.92%	94.93%	434.86%
Income Tax Expense	524.00K	272.00K	250.00K	190.00K	70.00K	-161.14K	75.13K	0.00
Net Income	56.35M	-46.11M	37.14M	7.38M	18.74M	18.08M	50.51M	30.26M
Net Income Ratio	94.39%	106.18%	93.38%	74.55%	97.27%	87.92%	94.93%	434.86%
EPS	2.46	-2.01	1.62	0.32	0.20	0.79	2.20	1.32
EPS Diluted	2.46	-2.01	1.62	0.32	0.20	0.79	2.20	1.32
Weighted Avg Shares Out	22.92M	22.92M	22.92M	22.91M	22.91M	22.88M	22.96M	22.99M
Weighted Avg Shares Out (Dil)	22.92M	22.92M	22.92M	22.91M	22.91M	22.88M	22.96M	22.99M

Month-End Portfolio Data Now Available for Ares Dynamic Credit Allocation Fund, Inc.

November 25, 2024accesswire.com

NEW YORK, NY / ACCESSWIRE / November 25, 2024 / Ares Capital Management II LLC today announced that monthly fund composition and performance data for Ares Dynamic Credit Allocation Fund, Inc. (NYSE:ARDC) as of October 31, 2024 is now available...

Ares Dynamic Credit Allocation Fund Declares A Monthly Distribution of $0.1175 per Share

November 11, 2024accesswire.com

NEW YORK CITY, NY / ACCESSWIRE / November 11, 2024 / Ares Dynamic Credit Allocation Fund, Inc. (the "Fund") (NYSE:ARDC) announced today the declaration of its distribution for the month of November 2024 of $0.1175 per common share, payable as...

Eleven High-Yield Closed End Funds: Five To Watch And Six To Buy

October 28, 2024seekingalpha.com

As a retired income investor, I focus on high-yield CEFs for reliable monthly distributions and potential capital gains from NAV discounts. Five CEFs to avoid currently: GOF, VVR, ARDC, WDI, IGR, due to high relative premiums or unfavorable market conditions....

ARDC: Dynamic Approach To A High Yield

October 26, 2024seekingalpha.com

Ares Dynamic Credit Allocation Fund (ARDC) has continued to see strong performance, but it continues to be helped out by pushing further into a richer valuation. ARDC's dynamic investment approach makes it somewhat unique and the fund also offers a...

ARDC: 9% Yield, Industry Outperformer

October 25, 2024seekingalpha.com

ARDC, a CEF specializing in high-yield debt, offers a 9.40% yield with monthly distributions and has NII/distribution coverage of 1.08X. The fund's portfolio includes senior loans, high-yield corporate bonds, and CLOs, using leverage to enhance returns. ARDC has outperformed its...