Private Credit Portfolio Analysis | Prospect Capital Corp Reports Q2 2025 Results
- Editor
- Feb 10
- 2 min read
Whats New:
Prospect Capital Corp reported its Q2 2025 financial results, showing a decrease in total assets and net asset value per share compared to the previous quarter. The fund's total assets decreased to $7.23 billion as of December 31, 2024, down from $7.86 billion at the end of June 2024.
Portfolio Dynamics:
Total assets decreased to $7.23 billion as of December 31, 2024, compared to $7.86 billion at the end of June 2024.
Investments owned at fair value decreased to $7.13 billion, down from $7.72 billion at the end of June 2024.
Cash and cash equivalents declined to $59.76 million from $85.87 million at the end of June 2024.
Investment Activty:
Interest receivable decreased to $18.43 million from $26.94 million at the end of June 2024.
Receivables from brokers, dealers, and clearing organizations dropped to $0 from $734,000 at the end of June 2024.
Deferred finance costs, net, decreased slightly to $21.18 million from $22.98 million at the end of June 2024.
Capital Structure:
Line of credit decreased significantly to $301.52 million from $794.80 million at the end of June 2024.
Convertible debt increased slightly to $156.00 million from $155.52 million at the end of June 2024.
Total liabilities decreased to $2.16 billion from $2.56 billion at the end of June 2024.
Performance Profile:
Net asset value per share decreased to $7.84 as of December 31, 2024, compared to $8.74 at the end of June 2024.
Stockholders' equity decreased to $3.44 billion from $3.71 billion at the end of June 2024.
Retained earnings deficit increased to $828.04 million from $497.30 million at the end of June 2024.
Risk & Quality:
Management fee payable decreased to $50.70 million from $58.62 million at the end of June 2024.
Interest payable increased to $23.21 million from $21.29 million at the end of June 2024.
Payables to broker-dealers and clearing organizations decreased to $2.76 million from $10.27 million at the end of June 2024.
The Wrap:
Prospect Capital Corp's Q2 2025 results show a significant decrease in total assets, investments at fair value, and net asset value per share compared to the previous quarter. The fund's line of credit and total liabilities also decreased substantially. These changes indicate a contraction in the fund's portfolio and overall financial position, which may be due to various market factors or strategic decisions made by the fund's management.
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