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Page: Company Financials

Ares Dynamic Credit Allocation Fund, Inc.

Ticker: ARDC | Industry: Asset Management | Sector: Financial Services
$13.50 -0.04 (-0.30%)
As of: 2026-01-23

Master Data Export

Enterprise Value

Metric MRQ MRQ-1 2024 2023 2022 2021 2020 2019 2018
Stock Price 14.22 15.11 15.02 13.04 11.90 16.25 13.11 15.01 15.67
Market Capitalization 339.47M 355.72M 348.81M 298.81M 272.57M 372.37M 300.41M 343.95M 359.71M
(-) Cash & Equivalents 6.29M 5.40M 6.16M 6.36M 9.80M 1.68M 1.99M 4.06M 7.71M
(+) Total Debt 207.73M 206.33M 197.61M 130.73M 80.21M 136.13M 143.04M 168.53M 171.08M
Enterprise Value 540.91M 556.65M 540.26M 423.18M 342.98M 506.82M 441.46M 508.42M 523.08M

Income Statement

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-10-31 2017-10-31 2016-10-31
Revenue 81M 61M 41M 32M 24M 45M 6M 19M 21M 53M 7M
Cost of Revenue 13M 13M 5M 8M 6M 7M 6M 7M 7M 7M 7M
Gross Profit 67M 48M 36M 25M 18M 38M -1M 13M 13M 46M 0M
Gross Profit Margin 83.4% 79.3% 86.8% 76.0% 73.2% 84.9% -9.1% 65.0% 65.2% 86.5% -3.7%
R&D Expenses 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
SG&A Expenses 13M 0M 2M 3M 2M 2M 2M 0M 2M 2M 0M
Operating Expenses -9M 42M 3M 3M 3M 3M 3M 1M 2M 3M 31M
Operating Income (EBIT) 76M 6M 33M 21M 15M 36M -3M 12M 11M 43M -31M
Operating Income Margin 94.4% 9.8% 79.0% 65.7% 62.1% 79.0% -53.1% 62.2% 53.1% 81.4% -450.6%
Interest Income 0M 13M 50M 50M 44M 40M 37M 6M 44M 42M 0M
Interest Expense 4M 9M 10M 8M 6M 3M 2M 1M 5M 3M 0M
Net Interest Income -4M 4M 40M 43M 38M 37M 35M 5M 39M 39M 0M
Unusual Items 11M 21M -34M -7M -99M -35M -24M 1M -32M -32M 62M
EBT Excluding Unusual Items 72M 10M 73M 64M 53M 73M 31M 17M 50M 82M -31M
Pre-Tax Income 83M 30M 39M 57M -46M 37M 8M 19M 18M 51M 30M
Pre-Tax Margin 103.2% 49.8% 94.4% 176.3% -190.2% 82.6% 132.1% 97.3% 87.9% 94.9% 434.9%
Income Tax Expense 1M 0M 1M 1M 0M 0M 0M 0M 0M 0M 0M
Net Income 82M 76M 38M 56M -46M 37M 7M 19M 18M 51M 30M
Net Income Margin 101.4% 124.2% 92.2% 174.7% -191.4% 82.1% 128.8% 97.3% 87.9% 94.9% 434.9%
Depreciation & Amortization 32M -9M 0M 0M 0M 0M 0M 0M 0M 0M 0M
EBITDA 108M -3M 32M 21M 15M 36M -3M 12M 11M 43M -31M
EBITDA Margin 134.1% -5.0% 77.9% 65.7% 63.0% 79.6% -49.5% 63.1% 53.9% 81.5% -450.6%
NOPAT 75M 6M 32M 21M 12M 36M -3M 12M 11M 43M -31M
NOPAT Margin 92.7% 9.6% 77.2% 65.1% 49.0% 78.5% -51.8% 62.2% 53.6% 81.3% -450.6%
Owner's Earnings 114M 67M 38M 56M -46M 37M 8M 19M 18M 51M 30M
Owner's Earnings Margin 141.1% 109.4% 91.1% 174.7% -190.4% 82.6% 132.4% 98.2% 88.7% 95.0% 434.9%
EPS (Basic) 3.53 3.31 1.61 2.46 -2.01 1.62 0.32 0.20 0.79 2.20 1.32
EPS (Diluted) 3.52 3.31 1.61 2.46 -2.01 1.62 0.32 0.82 0.79 2.20 1.32
Shares (Basic) 23M 23M 24M 23M 23M 23M 23M 23M 23M 23M 23M
Shares (Diluted) 23M 23M 24M 23M 23M 23M 23M 23M 23M 23M 23M

Balance Sheet

Metric MRQ MRQ-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-10-31 2017-10-31 2016-10-31
Cash & Cash Equivalents 6.29M 5.40M 5.40M 9.41M 7.20M 2.78M 8.81M 4.25M 6.46M 6.13M 8.65M
Short-Term Investments 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Cash & Short-Term Investments 6.29M 5.40M 5.40M 9.41M 7.20M 2.78M 8.81M 4.25M 6.46M 6.13M 8.65M
Net Receivables 10.02M 17.45M 17.45M 7.68M 13.08M 19.54M 17.66M 15.22M 12.15M 16.47M 12.57M
Inventory 0.00M 0.00M 0.00M 0.00M 0.00M 25.83M 0.00M 0.00M 19.20M 22.76M 0.00M
Other Current Assets -16.31M 0.00M 0.00M 0.00M 0.00M -25.83M 0.00M 0.00M -19.20M -22.76M -21.22M
Total Current Assets 0.00M 22.85M 22.85M 17.09M 20.29M 22.32M 26.46M 19.48M 18.60M 22.61M 0.00M
Property, Plant & Equipment 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Goodwill 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Intangible Assets 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Long-Term Investments 0.00M 0.00M 0.00M 507.48M 0.00M 610.09M 0.00M 0.00M 572.09M 585.86M 0.00M
Tax Assets 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Non-Current Assets 0.00M 554.36M 554.36M 0.03M 478.40M 0.00M 529.66M 553.23M -572.09M -585.86M 0.00M
Other Assets 573.39M 0.00M 0.00M 0.00M 0.00M 0.10M 0.00M 0.00M 0.00M 0.07M 594.09M
Total Non-Current Assets 573.39M 554.36M 554.36M 507.50M 478.40M 610.20M 529.66M 553.23M 0.00M 0.07M 594.09M
Total Assets 573.39M 577.21M 577.21M 524.59M 498.68M 632.51M 556.12M 572.70M 18.60M 22.67M 594.09M
Accounts Payable 0.00M 22.17M 22.17M 27.56M 22.65M 31.87M 22.59M 18.14M 22.72M 23.54M 0.00M
Short-Term Debt 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 170.16M 0.00M
Tax Payables 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Deferred Revenue 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -146.62M 0.00M
Other Current Liabilities 0.00M 0.00M 0.00M 0.00M 0.00M -1.72M 0.00M 0.00M -23.28M -24.23M 0.00M
Total Current Liabilities 0.00M 22.17M 22.17M 27.56M 22.65M 30.15M 22.59M 18.14M -0.56M 22.85M 0.00M
Long-Term Debt 207.73M 106.93M 106.93M 162.70M 68.76M 118.87M 162.59M 163.32M 165.20M 0.00M 168.03M
Capital Lease Obligations 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Deferred Tax Liabilities 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Non-Current Liabilities -207.73M 101.08M 101.08M 0.00M 100.46M 0.00M 0.96M 1.14M -165.20M 0.00M 34.28M
Total Non-Current Liabilities 0.00M 208.01M 208.01M 162.70M 169.22M 118.87M 163.56M 164.46M 0.00M 0.00M 202.30M
Total Liabilities 0.00M 230.18M 230.18M 190.26M 191.87M 149.03M 186.15M 182.61M -0.56M 22.85M 202.30M
Preferred Stock 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock 453.17M 448.03M 448.03M 439.77M 440.54M 441.05M 441.38M 444.10M 444.86M 444.91M 445.07M
Retained Earnings -105.06M -101.00M -101.00M -107.66M -133.72M -60.75M -71.40M -54.01M -42.91M 1.97M -0.22M
Accumulated OCI 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 1.97M -53.06M
Minority Interest 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Shareholders’ Equity 348.11M 347.03M 347.03M 332.12M 306.81M 380.30M 369.98M 390.10M 401.96M 448.85M 391.79M
Total Equity 348.11M 347.03M 347.03M 332.12M 306.81M 380.30M 369.98M 390.10M 401.96M 448.85M 391.79M
Total Liabilities & Equity 348.11M 577.21M 577.21M 522.38M 498.68M 529.33M 556.12M 572.70M 401.40M 471.70M 594.09M
Tangible Assets 573.39M 577.21M 577.21M 524.59M 498.68M 632.51M 556.12M 572.70M 18.60M 22.67M 594.09M
Tangible Equity 348.11M 347.03M 347.03M 332.12M 306.81M 380.30M 369.98M 390.10M 401.96M 448.85M 391.79M
Tangible Book Value 348.11M 347.03M 347.03M 332.12M 306.81M 380.30M 369.98M 390.10M 401.96M 448.85M 391.79M
Total Investments 0.00M 0.00M 0.00M 507.48M 0.00M 610.09M 0.00M 0.00M 572.09M 585.86M 0.00M
Net Debt 201.44M 101.53M 101.53M 153.29M 61.56M 116.09M 153.79M 159.07M 158.75M 164.03M 159.38M

Capital Metrics

Metric MRQ MRQ-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-10-31 2017-10-31 2016-10-31
Working Capital 0.0M 0.7M 0.7M -11.2M -2.4M -9.5M 3.9M 1.3M -4.9M -0.9M 0.0M
Total Capital 555.8M 454.0M 454.0M 494.8M 375.6M 499.2M 532.6M 553.4M 567.2M 583.5M 559.8M
Capital Employed 573.4M 555.0M 555.0M 496.3M 476.0M 600.6M 533.5M 554.6M 567.2M 585.0M 594.1M
Invested Capital 549.5M 448.6M 448.6M 485.4M 368.4M 496.4M 523.8M 549.2M 560.7M 577.4M 551.2M

Cash Flow Statement

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-10-31 2017-10-31 2016-10-31
Net Income 81.98M -9.69M 37.98M 56.35M -46.11M 37.14M 7.38M 18.74M 18.08M 50.51M 30.26M
Depreciation & Amortization 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Deferred Income Tax 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Stock-Based Compensation 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Change in Working Capital -9.21M -5.78M -16.14M 11.02M -4.04M 9.27M 1.88M -1.67M 2.87M -13.14M 1.07M
Accounts Receivable 4.45M 9.99M -9.57M 5.40M 6.45M -1.88M -2.43M -2.60M 4.33M -3.90M 1.01M
Inventory 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 4.19M 0.00M 0.00M 0.00M
Accounts Payable -13.77M -16.65M -4.58M 3.33M -11.38M 10.58M 4.59M -3.38M -0.80M -10.21M -0.02M
Other Working Capital 0.12M 0.88M -2.00M 2.28M 0.88M 0.57M -0.28M 0.12M -0.65M 0.97M 0.08M
Other Non-Cash Items -18.34M 79.63M -46.36M -21.12M 125.67M -78.16M 24.64M -6.11M 13.57M -12.44M -2.32M
Net Cash from Operating Activities 54.43M 57.50M -24.53M 46.25M 75.53M -31.75M 33.90M 10.96M 34.52M 24.93M 29.99M
Capital Expenditures (PPE) 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Acquisitions (Net) 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Purchases of Investments -620.45M -660.28M -374.24M -257.13M -266.04M -506.39M -610.60M -441.05M -488.75M -583.92M -551.28M
Sales / Maturities of Investments 609.42M 612.02M 333.93M 249.67M 315.33M 435.60M 614.06M 434.24M 487.68M 591.11M 561.87M
Other Investing Activities 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Cash from Investing Activities -11.04M -48.26M -40.31M -7.46M 49.29M -70.79M 3.47M -6.81M -1.07M 7.19M 10.59M
Net Debt Issuance 9.93M 0.00M 43.92M -5.53M -47.24M -42.81M -1.84M -6.19M -4.25M 2.68M -0.96M
Long-Term Debt Issuance 9.93M 0.00M 43.92M -5.53M -47.24M -42.81M -2.03M -6.19M -4.03M 2.68M -0.96M
Short-Term Debt Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.19M 0.00M -0.22M 0.00M 0.00M
Net Stock Issuance 8.44M 0.00M 8.44M 0.00M 0.00M 100.00M 0.00M -0.67M 0.00M -0.44M -6.36M
Common Stock Issuance 8.44M 0.00M 8.44M 0.00M 0.00M 0.00M 0.00M 0.67M 0.00M 0.00M -6.36M
Common Stock Repurchased 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -0.67M 0.00M -0.44M 0.00M
Preferred Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 100.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Dividends Paid -63.20M -55.91M -31.84M -31.05M -27.38M -26.81M -27.50M -29.57M -29.51M -28.48M -30.15M
Common Dividends Paid -63.20M -55.91M -31.84M -31.05M -27.38M -26.81M -27.50M -4.93M -29.51M -28.48M -30.15M
Preferred Dividends Paid 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M -24.64M 0.00M 0.00M 0.00M
Other Financing Activities 4.41M 47.22M 0.00M 0.00M 0.00M -1.14M 0.00M 25.31M 0.00M 0.00M 0.00M
Net Cash from Financing Activities -40.43M -8.70M 20.52M -36.58M -74.62M 29.24M -29.34M -11.12M -33.75M -26.24M -37.47M
Effect of FX on Cash 0.00M 0.00M 0.00M 0.00M -49.29M 70.79M -3.47M 6.81M 0.00M -1.05M 0.00M
Net Change in Cash 2.97M 0.55M -4.01M 2.21M 0.91M -2.51M 4.56M -0.16M 0.77M -2.36M 3.11M
Cash at Beginning of Period 25.04M 30.76M 9.41M 7.20M 6.30M 8.81M 4.25M 4.41M 6.28M 8.65M 5.54M
Cash at End of Period 28.02M 31.31M 5.40M 9.41M 7.20M 6.30M 8.81M 4.25M 7.05M 6.28M 8.65M
Operating Cash Flow 54.43M 57.50M -24.53M 46.25M 75.53M -31.75M 33.90M 10.96M 34.52M 24.93M 29.99M
Capital Expenditure 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Free Cash Flow 54.43M 57.50M -24.53M 46.25M 75.53M -31.75M 33.90M 10.96M 34.52M 24.93M 29.99M

Free Cash Flow

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-10-31 2017-10-31 2016-10-31
EBITDA 86.51M 39.40M 33.02M 21.70M 15.46M 36.58M -2.31M 12.27M 11.62M 43.97M -0.26M
(-) Tax Adjustment 1.51M 0.51M 0.78M 0.20M 0.00M 0.24M -0.06M 0.00M 0.00M 0.07M 0.00M
(-) Change In Working Capital -9.21M -5.78M -16.14M 11.02M -4.04M 9.27M 1.88M -1.67M 2.87M -13.14M 1.07M
(-) Capital Expenditure 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Unlevered Free Cash Flow 94.20M 44.67M 48.39M 10.49M 19.50M 27.07M -4.13M 13.94M 8.74M 57.05M -1.32M
(-) Net Interest Income After Taxes -3.89M 3.90M 39.05M 42.32M 38.21M 36.51M 33.67M 5.36M 39.31M 39.05M 0.00M
Net Debt Issuance 9.93M 0.00M 43.92M -5.53M -47.24M -42.81M -1.84M -6.19M -4.25M 2.68M -0.96M
Levered Free Cash Flow 108.03M 40.76M 53.27M -37.36M -65.95M -52.25M -39.64M 2.38M -34.81M 20.67M -2.28M