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Crescent Capital BDC (Crescent Capital BDC) ROE % : 16.76% (As of Dec. 2023)


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What is Crescent Capital BDC ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Crescent Capital BDC's annualized net income for the quarter that ended in Dec. 2023 was $123.43 Mil. Crescent Capital BDC's average Total Stockholders Equity over the quarter that ended in Dec. 2023 was $736.43 Mil. Therefore, Crescent Capital BDC's annualized ROE % for the quarter that ended in Dec. 2023 was 16.76%.

The historical rank and industry rank for Crescent Capital BDC's ROE % or its related term are showing as below:

CCAP' s ROE % Range Over the Past 10 Years
Min: 2.46   Med: 8.79   Max: 13.8
Current: 11.88

During the past 8 years, Crescent Capital BDC's highest ROE % was 13.80%. The lowest was 2.46%. And the median was 8.79%.

CCAP's ROE % is ranked better than
75.66% of 1697 companies
in the Asset Management industry
Industry Median: 4.06 vs CCAP: 11.88

Crescent Capital BDC ROE % Historical Data

The historical data trend for Crescent Capital BDC's ROE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Crescent Capital BDC ROE % Chart

Crescent Capital BDC Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROE %
Get a 7-Day Free Trial 8.79 11.31 13.80 2.46 12.37

Crescent Capital BDC Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.69 4.67 12.51 12.43 16.76

Competitive Comparison of Crescent Capital BDC's ROE %

For the Asset Management subindustry, Crescent Capital BDC's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Crescent Capital BDC's ROE % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Crescent Capital BDC's ROE % distribution charts can be found below:

* The bar in red indicates where Crescent Capital BDC's ROE % falls into.



Crescent Capital BDC ROE % Calculation

Crescent Capital BDC's annualized ROE % for the fiscal year that ended in Dec. 2023 is calculated as

ROE %=Net Income (A: Dec. 2023 )/( (Total Stockholders Equity (A: Dec. 2022 )+Total Stockholders Equity (A: Dec. 2023 ))/ count )
=83.837/( (612.541+742.594)/ 2 )
=83.837/677.5675
=12.37 %

Crescent Capital BDC's annualized ROE % for the quarter that ended in Dec. 2023 is calculated as

ROE %=Net Income (Q: Dec. 2023 )/( (Total Stockholders Equity (Q: Sep. 2023 )+Total Stockholders Equity (Q: Dec. 2023 ))/ count )
=123.432/( (730.266+742.594)/ 2 )
=123.432/736.43
=16.76 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Dec. 2023) net income data. ROE % is displayed in the 30-year financial page.


Crescent Capital BDC  (NAS:CCAP) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=123.432/736.43
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(123.432 / 132.136)*(132.136 / 1625.933)*(1625.933 / 736.43)
=Net Margin %*Asset Turnover*Equity Multiplier
=93.41 %*0.0813*2.2079
=ROA %*Equity Multiplier
=7.59 %*2.2079
=16.76 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=123.432/736.43
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (123.432 / 123.888) * (123.888 / 132.136) * (132.136 / 1625.933) * (1625.933 / 736.43)
= Tax Burden * Pretax Margin % * Asset Turnover * Equity Multiplier
= 0.9963 * 93.76 % * 0.0813 * 2.2079
=16.76 %

Note: The net income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Crescent Capital BDC ROE % Related Terms

Thank you for viewing the detailed overview of Crescent Capital BDC's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


Crescent Capital BDC (Crescent Capital BDC) Business Description

Traded in Other Exchanges
Address
11100 Santa Monica Boulevard, Suite 2000, Los Angeles, CA, USA, 90025
Crescent Capital BDC Inc is a business development company structured as an externally managed, closed-end, non-diversified management investment company. The company's primary investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation through debt and related equity investments. It will seek to achieve its investment objectives by investing in secured debt (including senior secured, unitranche, and second lien debt) and unsecured debt (including senior unsecured, mezzanine, and subordinated debt), as well as related equity securities of private U.S. middle-market companies.
Executives
Michael Scott Segal director C/O CRESCENT CAPITAL BDC, INC., 11100 SANTA MONICA BLVD., SUITE 2000, LOS ANGELES CA 90025
Steven F. Strandberg director C/O CRESCENT CAPITAL BDC, INC., 11100 SANTA MONICA BLVD., SUITE 2000, LOS ANGELES CA 90025
Strong George G. Jr. director C/O CRESCENT CAPITAL BDC, INC., 11100 SANTA MONICA BLVD., SUITE 2000, LOS ANGELES CA 90025
Susan Y Lee director 11100 SANTA MONICA BLVD, SUITE 2000, LOS ANGELES CA 90025
George Hawley officer: Secretary C/O CRESCENT CAPITAL GROUP LP, 11100 SANTA MONICA BLVD., SUITE 2000, LOS ANGELES CA 90025
Gerhard Lombard officer: Chief Financial Officer 600 FIFTH AVENUE, 19TH FLOOR, NEW YORK NY 10020
Erik G Barrios officer: Senior Vice President C/O CRESCENT CAPITAL GROUP, 299 PARK AVENUE, NEW YORK NY 10171
Kirill Bouek officer: Controller 10 HUDSON YARDS, 41ST FLOOR, NEW YORK NY 10001
Joseph Hanlon officer: Chief Compliance Officer C/O CRESCENT CAPITAL BDC, INC., 11100 SANTA MONICA BLVD., SUITE 2000, LOS ANGELES CA 90025
Jason Breaux officer: Chief Executive Officer C/O CRESCENT CAPITAL BDC, INC., 11100 SANTA MONICA BLVD., SUITE 2000, LOS ANGELES CA 90025
Raymond Barrios officer: Senior Vice President 11100 SANTA MONICA BLVD, SUITE 2000, LOS ANGELES CA 90025
Watsa V Prem Et Al 10 percent owner 95 WELLINGTON STREET WEST, SUITE 800, TORONTO A6 M5J 2N7
Elizabeth Ko director 11100 SANTA MONICA BLVD, SUITE 2000, LOS ANGELES CA 90025
Allied World Assurance Co Holdings, Gmbh 10 percent owner PARK TOWER, 15TH FLOOR, GUBELSTRASSE 24, ZUG V8 6300
Kathleen S Briscoe director GRIFFIN CAPITAL PLAZA, 1520 EAST GRAND AVENUE, EL SEGUNDO CA 90245

Crescent Capital BDC (Crescent Capital BDC) Headlines

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