The balance sheet is contracting, with total assets down 26.7% from a $1.5B peak to $1.1B as of 2026Q2, while a substantial equity-to-assets ratio of 0.73 has absorbed significant mark-to-market losses without threatening solvency.
Eagle Point Credit Company Inc. (ECC) balance sheet — 12-year assets, liabilities & shareholders' equity history
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 |
|---|
| Cash & Short Term Investments | 175.11M | 47.41M | 42.22M | 46.45M | 56.83M | 13.92M | 4.76M | 32.87M | 1.52M | 14.05M | 26.25M | 21.94M | 63.73M |
| Cash & Due from Banks | 59.54M | 47.41M | 42.22M | 46.45M | 56.83M | 13.92M | 4.76M | 32.87M | 1.52M | 14.05M | 26.25M | 21.94M | 63.73M |
| Short Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 1.01B | 113.59K | 4.19M | 8.23K | 667.16M | 730.72M | 0 | 0 | 0 | 0 | 410.74M | 234.28M | 216.99M |
| Investments Growth % | 1435.36% | -97.29% | 50762.12% | -100% | -8.7% | - | - | - | - | -100% | 75.32% | 7.97% | - |
| Long-Term Investments | 4.81B | 113.59K | 4.19M | 8.23K | 667.16M | 730.72M | 0 | 0 | 0 | 0 | 410.74M | 234.28M | 216.99M |
| Accounts Receivables | 70.24M | 0 | 54.81M | 35.94M | 35.92M | 23.06M | 23.89M | 12.73M | 18.3M | 18.17M | 456.53K | 12.19M | 19.04M |
| Goodwill & Intangibles | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PP&E (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 297.66K | 1.35B | 1.4B | 871.45M | 667.16M | 730.72M | 483.51M | 428.74M | 456.38M | 479.91M | -448.38M | 0 | 0 |
| Total Current Assets | 129.79M | 47.6M | 97.37M | 83.03M | 92.99M | 37.32M | 29.08M | 46.02M | 20.34M | 33.06M | 37.64M | 34.68M | 82.85M |
| Total Non-Current Assets | 1.01B | 1.35B | 1.41B | 871.46M | 667.16M | 730.72M | 483.51M | 428.74M | 456.38M | 479.91M | 410.74M | 234.28M | 216.99M |
| Total Assets | 1.14B | 1.39B | 1.51B | 954.49M | 760.15M | 768.04M | 512.59M | 474.76M | 476.71M | 512.97M | 448.38M | 268.96M | 299.84M |
| Asset Growth % | -34.11% | -7.34% | 57.72% | 25.57% | -1.03% | 49.84% | 7.97% | -0.41% | -7.07% | 14.41% | 66.71% | -10.3% | - |
| Return on Assets (ROA) | -12.79% | -9.27% | 6.53% | 13.85% | -13.32% | 20.59% | 12.33% | -1.83% | -11.08% | 6.48% | 25.36% | -14.4% | 2.78% |
| Accounts Payable | 20.29M | 5.5M | 43.93M | 836.41K | 27.43M | 18.61M | 6.38M | 0 | 0 | 16.15M | 124.31K | 0 | 27.49M |
| Total Debt | 269.97M | 276.27M | 271.96M | 157.71M | 150.77M | 140.69M | 92.8M | 99.75M | 95.01M | 88.61M | 145.26M | 67.28M | 0 |
| Net Debt | 210.42M | 228.87M | 229.74M | 111.27M | 93.94M | 126.78M | 88.04M | 66.88M | 93.5M | 74.56M | 119M | 45.34M | -63.73M |
| Long-Term Debt | 269.97M | 276.27M | 271.96M | 157.71M | 150.77M | 140.69M | 92.8M | 99.75M | 95.01M | 88.61M | 145.26M | 67.28M | 0 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 34.81M | 347.71M | 252.69M | 60.17M | 82.69M | 82.54M | 51.75M | 71.74M | 94.57M | 92.95M | 0 | 0 | 0 |
| Total Current Liabilities | 36.54M | 19.97M | 43.93M | 836.41K | 27.43M | 18.61M | 6.38M | 0 | 0 | 16.15M | 15.07M | 12.07M | 36.28M |
| Total Non-Current Liabilities | 306.51M | 623.98M | 524.65M | 217.88M | 233.46M | 223.24M | 144.55M | 171.49M | 189.59M | 181.56M | 145.26M | 67.28M | 0 |
| Total Liabilities | 306.51M | 643.95M | 568.58M | 218.72M | 260.89M | 241.85M | 150.93M | 171.49M | 189.59M | 197.71M | 160.33M | 79.35M | 36.28M |
| Total Equity | 833.6M | 750.94M | 936.87M | 735.78M | 499.27M | 526.19M | 361.66M | 303.27M | 287.13M | 315.26M | 567.38M | 189.61M | 263.56M |
| Equity Growth % | -41.13% | -19.85% | 27.33% | 47.37% | -5.12% | 45.49% | 19.25% | 5.62% | -8.92% | -44.44% | 199.24% | -28.06% | - |
| Equity / Assets (Capital Ratio) | 73.12% | 53.83% | 62.23% | 77.09% | 65.68% | 68.51% | 70.56% | 63.88% | 60.23% | 61.46% | 126.54% | 70.5% | 87.9% |
| Return on Equity (ROE) | -17.91% | -15.93% | 9.6% | 19.23% | -19.86% | 29.7% | 18.31% | -2.94% | -18.21% | 7.05% | 24.03% | -18.08% | 3.17% |
| Book Value per Share | 6.27 | 5.87 | 10.03 | 10.95 | 10.65 | 15.74 | 11.18 | 10.59 | 11.88 | 17.82 | 35.01 | 13.72 | 32.32 |
| Tangible BV per Share | 6.27 | 5.87 | 10.03 | 10.95 | 10.65 | 15.74 | 11.18 | 10.59 | 11.88 | 17.82 | 35.01 | 13.72 | 32.32 |
| Common Stock | 1.28B | 1.27B | 1.26B | 931.13M | 719.7M | 517.54M | 452.14M | 452.76M | 435.71M | 358.11M | 0 | 270.31M | 270.15M |
| Additional Paid-in Capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | -673.21M | -515.47M | -312.69M | -221.44M | -224.95M | -13.01M | -90.99M | -148.42M | -150.05M | -29.74M | 288.05M | -80.7M | -6.59M |
| Accumulated OCI | -6.47M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 288.05M | 0 | 531.01K |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 234.12M | 0 | 124.97M | 27.43M | 26.14M | 23.89M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Quick answers to the most common questions about buying ECC stock.
As of 2025, Eagle Point Credit Company Inc. (ECC) had total assets of $1.39B including $47.6M in current assets.
Eagle Point Credit Company Inc. (ECC) carries total debt of $276.3M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Eagle Point Credit Company Inc. (ECC) has total shareholders' equity (book value) of $750.9M ($5.87 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Eagle Point Credit Company Inc. (ECC) reported a current ratio of 2.38x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.
Key Metrics
Top Statement Risk
Unrealized losses driving volatility
Metrics are mathematically derived from official filings.
Asset Contraction Driven by Portfolio Runoff
ECC's total assets have contracted by 26.7% from a peak of $1.5B in 2025Q2 to $1.1B in 2026Q2, a decline driven by a significant reduction in investment securities, which suggests a deliberate strategy to de-risk the balance sheet.
The asset base has shrunk materially over the last four quarters, with investment securities falling from $1.4B to $1.0B. This contraction appears to be a managed runoff of the CLO portfolio rather than organic loan growth, as the company has been a consistent net seller of securities. The shrinking asset base is compressing net interest income, which has fallen for four consecutive quarters, indicating the balance sheet is in a defensive posture focused on liquidity preservation over growth.
Equity Buffer Absorbs Mark-to-Market Losses
ECC's equity-to-assets ratio has fluctuated between 0.69 and 0.76 over the past ten quarters, ending at 0.73 in 2026Q2, indicating a substantial equity cushion that has absorbed significant unrealized losses without threatening solvency.
The equity base has proven resilient despite severe earnings volatility, including a -16.8% ROE in 2026Q1 and a -10.5% ROE in 2025Q4. The company's leverage, as measured by total liabilities to equity, has improved from 0.43x in 2025Q1 to 0.37x in 2026Q2, suggesting a strengthening capital position. This robust equity buffer is critical for a CLO-focused entity, as it provides the necessary absorption capacity for the episodic credit and market value losses inherent in its portfolio.
Episodic Provisions Signal CLO Credit Stress
Loan loss provisions have been highly volatile, swinging from zero in multiple quarters to $5.5M in 2025Q1 and $4.6M in 2025Q4, suggesting episodic credit deterioration within the underlying CLO equity and debt tranches.
The pattern of provisions indicates that credit losses are not recurring but are triggered by specific events or mark-to-market adjustments within the CLO portfolio. The $6.9M negative provision in 2025Q3, coinciding with a large unrealized gain, further underscores that these charges are tied to portfolio valuation movements rather than a steady deterioration in loan performance. Investors should monitor the trajectory of these provisions as a leading indicator of stress in the broader leveraged loan market.
Cash Position Volatile Amid Portfolio Management
ECC's cash and bank balances have been erratic, ranging from $11.4M to $85.9M over the past ten quarters, indicating that liquidity is actively managed and can be temporarily strained during periods of portfolio adjustment.
The sharp drop to $11.4M in 2026Q1, followed by a recovery to $59.5M in 2026Q2, suggests that the company's liquidity position is a function of the timing of investment sales and dividend payments. Given that the company has been a net seller of securities to fund operations and dividends, the cash balance serves as a short-term buffer rather than a strategic reserve. This volatility warrants monitoring, as it could signal periods where the company is reliant on the timely liquidation of assets to meet obligations.
AOCI Volatility Obscures Economic Reality
The single most non-obvious risk is the profound impact of unrealized gains and losses on ECC's reported equity and earnings, which can swing by hundreds of millions of dollars quarterly and mask the true economic performance of the underlying CLO portfolio.
The balance sheet's equity figure is heavily influenced by mark-to-market movements on CLO positions, as evidenced by the -16.8% ROE in 2026Q1 followed by an 8.7% ROE in 2026Q2. This volatility means that book value is a moving target and may not reflect the long-term cash flow potential of the assets. The risk is that a sustained period of unrealized losses could erode the equity buffer, potentially triggering forced asset sales at unfavorable prices and creating a negative feedback loop that is not apparent from a static view of the balance sheet.