Private Credit Portfolio Analysis | NexPoint Capital Reports FY 2024 Results
- Editor
- 4 days ago
- 2 min read
Whats New:
NexPoint Capital, Inc. reported its fiscal year 2024 financial results, showing a decrease in total assets and investments at fair value compared to the previous year. The fund's total assets decreased to $46.58 million as of December 31, 2024, down from $51.28 million at the end of 2023. Net asset value per share also declined to $5.21 from $5.35 at the end of the previous year.
Portfolio Dynamics:
Total assets decreased to $46.58 million as of December 31, 2024, compared to $51.28 million at the end of 2023.
Investments owned at fair value decreased to $44.53 million, down from $49.41 million at the end of 2023.
Cash and cash equivalents increased to $1.67 million from $1.40 million at the end of 2023.
Investment Activity:
Dividend and interest receivable decreased to $171,456 from $299,110 at the end of 2023.
The fund reported $22,137 in other receivables, compared to zero at the end of 2023.
Deferred tax assets increased to $33,582 from $13,020 at the end of 2023.
Capital Structure:
Total liabilities decreased to $1.30 million from $1.47 million at the end of 2023.
Stockholders' equity decreased to $45.28 million from $49.81 million at the end of 2023.
The fund's common stock value decreased to $8,696 from $9,309 at the end of 2023.
Performance Profile:
Net asset value per share decreased to $5.21 as of December 31, 2024, compared to $5.35 at the end of 2023.
Retained earnings deficit improved to $31.92 million from $33.42 million at the end of 2023.
Additional paid-in capital decreased to $77.18 million from $83.22 million at the end of 2023.
Risk & Quality:
The fund reported deferred income tax liabilities of $68,277, up from zero at the end of 2023.
Accrued liabilities and other liabilities decreased to $135,720 from $293,462 at the end of 2023.
Dividends payable decreased to $782,608 from $837,846 at the end of 2023.
The Wrap:
NexPoint Capital, Inc. experienced a challenging fiscal year 2024, with decreases in total assets, investments at fair value, and net asset value per share. While the fund saw some improvements in cash and cash equivalents and a reduction in the retained earnings deficit, overall stockholders' equity declined. The fund's performance reflects a contraction in its investment portfolio and capital base compared to the previous year.
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