Ares Capital annual debt-to-equity ratio
2021
2022
2023
2024
2025
Ares Capital Debt-to-Equity Ratio Growth & History (ARCC)
Ares Capital's debt-to-equity ratio was 1.12 for fiscal 2025.
View full Ares Capital company overviewAres Capital annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 1.12 | 0.09 | +8.66% |
| 2024 | 2024-12-31 | 1.03 | −0.03 | −3.26% |
| 2023 | 2023-12-31 | 1.06 | −0.22 | −17.06% |
| 2022 | 2022-12-31 | 1.28 | 0.03 | +2.69% |
| 2021 | 2021-12-31 | 1.25 | — | — |
Ares Capital quarterly debt-to-equity ratio
Q4.21
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 1.14 | 0.13 | +12.94% |
| Q1 2026 | 2026-03-31 | 1.13 | 0.11 | +10.65% |
| Q4 2025 | 2025-12-31 | 1.12 | 0.09 | +8.66% |
| Q3 2025 | 2025-09-30 | 1.09 | 0.03 | +2.99% |
| Q2 2025 | 2025-06-30 | 1.01 | −0.04 | −4.19% |
| Q1 2025 | 2025-03-31 | 1.02 | 0.03 | +3.24% |
| Q4 2024 | 2024-12-31 | 1.03 | −0.03 | −3.26% |
| Q3 2024 | 2024-09-30 | 1.06 | −0.01 | −0.83% |
| Q2 2024 | 2024-06-30 | 1.05 | −0.05 | −4.65% |
| Q1 2024 | 2024-03-31 | 0.99 | −0.13 | −11.44% |
| Q4 2023 | 2023-12-31 | 1.06 | −0.22 | −17.06% |
| Q3 2023 | 2023-09-30 | 1.07 | −0.19 | −15.05% |
| Q2 2023 | 2023-06-30 | 1.10 | — | — |
| Q1 2023 | 2023-03-31 | 1.11 | — | — |
| Q4 2022 | 2022-12-31 | 1.28 | 0.03 | +2.69% |
| Q3 2022 | 2022-09-30 | 1.26 | — | — |
| Q4 2021 | 2021-12-31 | 1.25 | — | — |
Ares Capital debt-to-equity ratio trends
Between the periods ended 2021-12-31 and 2025-12-31, Ares Capital's debt-to-equity ratio decreased from 1.25 to 1.12, a change of −0.13. The latest reported quarter, Q2 2026, shows 1.14.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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