Private Credit Portfolio Analysis | OFS Capital Reports Q1 2025 Results
- Editor
- 4 days ago
- 2 min read
Whats New:
OFS Capital Corporation reported its Q1 2025 financial results, showing a decrease in total assets and stockholders' equity compared to the previous quarter. The fund's total assets decreased to $411.96 million as of March 31, 2025, down from $428.12 million at the end of 2024. Net asset value per share also declined to $11.97 from $12.85 at the end of the previous quarter.
Portfolio Dynamics:
Total assets decreased to $411.96 million as of March 31, 2025, compared to $428.12 million at the end of 2024.
Investments owned at fair value decreased to $403.07 million, down from $409.67 million at the end of 2024.
Cash and cash equivalents declined to $4.05 million from $6.07 million at the end of 2024.
Investment Activty:
Receivable from investment sales decreased significantly to $2.10 million from $9.25 million at the end of 2024.
The fund reported $1.44 million in dividend and interest receivables, down from $1.77 million at the end of 2024.
Prepaid expenses and other assets decreased slightly to $1.30 million from $1.37 million at the end of 2024.
Capital Structure:
Long-term debt decreased to $246.61 million from $246.66 million at the end of 2024.
Stockholders' equity declined to $160.38 million from $172.23 million at the end of 2024.
The fund maintained its common stock value at $134,000.
Performance Profile:
Net asset value per share decreased to $11.97 as of March 31, 2025, compared to $12.85 at the end of 2024.
Retained earnings deficit increased to $24.66 million from $12.82 million at the end of 2024.
Additional paid-in capital remained unchanged at $184.91 million.
Risk & Quality:
The fund reported a decrease in interest payable to $1.69 million from $3.20 million at the end of 2024.
Payable for investment purchases decreased to $0 from $1.80 million at the end of 2024.
Total liabilities decreased to $251.58 million from $255.90 million at the end of 2024.
The Wrap:
OFS Capital Corporation experienced a decline in its financial position in Q1 2025, with decreases in total assets, investments at fair value, and stockholders' equity. The fund's net asset value per share also decreased, reflecting a challenging quarter. However, the fund managed to slightly reduce its long-term debt and overall liabilities, which could potentially improve its financial stability in the long run.
Yorumlar