Private Credit Portfolio Analysis | Monroe Capital Corp Reports FY 2024 Results
- Editor
- Feb 28
- 2 min read
Whats New:
Monroe Capital Corp has reported its financial results for the fiscal year 2024. The fund's total assets decreased to $490.67 million as of December 31, 2024, compared to $513.19 million at the end of 2023. The net asset value per share declined to $8.85 from $9.40 at the end of the previous year. Long-term debt decreased to $291.98 million from $300.87 million at the end of 2023.
Portfolio Dynamics:
Total assets decreased to $490.67 million as of December 31, 2024, from $513.19 million at the end of 2023.
Investments owned at fair value declined to $457.05 million, down from $488.39 million at the end of 2023.
Cash and cash equivalents increased to $9.04 million from $4.96 million at the end of 2023.
Investment Activty:
Dividend and interest receivable increased to $23.51 million from $19.35 million at the end of 2023.
Other assets grew to $1.07 million from $0.49 million at the end of 2023.
The fund reported net realized gains of $1.43 million on unaffiliated investments for the year 2024.
Capital Structure:
Long-term debt decreased to $291.98 million from $300.87 million at the end of 2023.
Total liabilities decreased to $298.91 million from $309.46 million at the end of 2023.
Stockholders' equity declined to $191.76 million from $203.72 million at the end of 2023.
Performance Profile:
Net asset value per share decreased to $8.85 as of December 31, 2024, from $9.40 at the end of 2023.
The fund reported net income of $9.70 million for the year 2024.
Total investment income and net realized and unrealized gains/losses data for 2024 were not provided in the given financial statements.
Risk & Quality:
The fund reported net unrealized losses of $16.26 million on investments for the year 2024.
Management fee payable decreased to $1.97 million from $2.10 million at the end of 2023.
Incentive fee payable decreased to $0 from $1.32 million at the end of 2023.
The Wrap:
Monroe Capital Corp's fiscal year 2024 results show a decrease in total assets and net asset value per share compared to the previous year. While the fund experienced a reduction in long-term debt and total liabilities, it also saw a decline in stockholders' equity. The fund reported net income for the year, but faced significant net unrealized losses on investments. Cash and cash equivalents increased, potentially improving liquidity, but overall investment portfolio value decreased.
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