See more : Worry Free Holdings Company (WYCC) 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 |
The 'High-High-Low' Closed-End Fund Report, March 2023
ARDC: This 10.8%-Yielding Credit CEF Remains A Buy
Our 8-10% Yielding Picks And Pans In The CLO Sector
ARDC: An Excellent High-Yield CEF For The Current Environment
Weekly Closed-End Fund Roundup: February 19, 2023
The 8% Income Portfolio: 2022 Year-End Review
The 'High-High-Low' Closed-End Fund Report, December 2022
ARDC: This Fixed Income Fund Trades At A Wide Discount And Yields 10.5%
ARDC: Shrinking NAV And Distributions Over Time
'High-High-Low' Closed-End Fund Report, November 2022
Source: https://incomestatements.info
Category: Stock Reports