Barings Corporate Investors (MCI) Balance Sheet

14Y historyFree accessUpdated daily

The fund maintains a conservative financial profile with a low debt-to-equity ratio of 0.14 and a stable equity base of $350 million.

Annual statement

MCI Balance Sheet

Barings Corporate Investors (MCI) balance sheet — 14-year assets, liabilities & shareholders' equity history

Annual Quarterly

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	Dec'13	Dec'12

Cash & Short Term Investments	88.76M	32.12M	17.2M	14.87M	13.23M	21.15M	29.85M	24.13M	27.14M	7.23M	14.29M	8.93M	12.46M	23.79M	4.84M
Cash & Due from Banks	12.26M	32.12M	17.2M	14.87M	13.23M	21.15M	29.85M	24.13M	27.14M	7.23M	14.29M	8.93M	12.46M	23.79M	4.84M
Short Term Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Investments	15.94M	0	17.03M	372.23M	8.29M	16.5M	309.35M	320.58M	300.7M	48.34M	46.22M	47.83M	68.52M	46.64M	38.48M
Investments Growth %	-86.88%	-100%	-95.42%	4391%	-49.76%	-94.67%	-3.5%	6.61%	522.05%	4.59%	-3.36%	-30.2%	46.9%	21.22%	-
Long-Term Investments	51.8M	0	17.03M	372.23M	8.29M	16.5M	309.35M	320.58M	300.7M	48.34M	46.22M	47.83M	68.52M	46.64M	38.48M
Accounts Receivables	6.44M	0	10.09M	5.91M	5.46M	3.92M	2.48M	2.06M	2.44M	2.94M	3.71M	3.51M	3.02M	2.44M	0
Goodwill & Intangibles	0	0	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	0	0
Intangible Assets	0	0	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	0	0
Other Assets	398.73M	399.09M	378.95M	379.06M	367.36M	362.03M	2.36M	0	-300.7M	288.19M	257.72M	255.46M	238.86M	235.51M	-38.48M
Total Current Assets	18.69M	32.12M	27.29M	21.38M	18.69M	25.07M	32.33M	26.19M	29.58M	10.17M	18M	12.44M	15.48M	26.22M	7.11M
Total Non-Current Assets	414.67M	399.09M	378.95M	372.23M	367.36M	362.03M	311.7M	320.58M	300.7M	336.52M	303.94M	303.29M	307.38M	282.15M	38.48M
Total Assets	433.36M	431.22M	406.24M	393.93M	386.05M	387.1M	344.03M	346.77M	330.28M	346.69M	321.94M	315.72M	322.86M	308.38M	299.4M
Asset Growth %	28.68%	6.15%	3.12%	2.04%	-0.27%	12.52%	-0.79%	4.99%	-4.73%	7.69%	1.97%	-2.21%	4.7%	3%	-
Return on Assets (ROA)	8.34%	6.7%	8.89%	9.48%	3.69%	14.45%	4.44%	11.52%	2.83%	13.04%	8.54%	5.41%	10.38%	10.59%	12.59%
Accounts Payable	1.26M	12.93M	13.74M	7.9M	5.86M	6.82M	2.9M	186.23K	6.16M	0	0	0	0	520.11K	0
Total Debt	74.75M	74.72M	45.85M	42.31M	46M	38M	30M	30M	30M	30M	30M	30M	30M	30M	0
Net Debt	62.49M	42.6M	28.65M	27.44M	32.77M	16.85M	148.38K	5.87M	2.86M	22.77M	15.71M	21.07M	17.54M	6.21M	-4.84M
Long-Term Debt	74.75M	74.72M	45.85M	42.31M	46M	38M	30M	0	0	30M	30M	30M	30M	30M	30M
Short-Term Debt	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Liabilities	0	495.62K	3.09M	0	2.55M	4.24M	0	0	0	1.53M	1.01M	1.13M	1.15M	1.33M	-30M
Total Current Liabilities	3.13M	14.7M	13.74M	7.9M	5.86M	6.82M	7.9M	6.39M	6.16M	11.63M	9.36M	8.68M	11.58M	8.36M	11.12M
Total Non-Current Liabilities	74.75M	75.22M	48.94M	42.31M	48.55M	42.24M	30M	30M	30M	31.53M	31.01M	31.13M	31.15M	31.33M	30M
Total Liabilities	77.88M	89.92M	62.68M	54.11M	54.41M	49.06M	39.35M	38.52M	39.04M	43.16M	40.37M	39.81M	42.73M	39.69M	42.02M
Total Equity	355.48M	341.3M	343.56M	339.83M	331.64M	338.04M	304.68M	308.25M	291.24M	303.53M	281.57M	275.92M	280.13M	268.69M	257.38M
Equity Growth %	1.79%	-0.66%	1.1%	2.47%	-1.89%	10.95%	-1.16%	5.84%	-4.05%	7.8%	2.05%	-1.5%	4.26%	4.39%	-
Equity / Assets (Capital Ratio)	82.03%	79.15%	84.57%	86.26%	85.9%	87.33%	88.56%	88.89%	88.18%	87.55%	87.46%	87.39%	86.77%	87.13%	85.96%
Return on Equity (ROE)	10.35%	8.19%	10.41%	11.01%	4.26%	16.43%	5%	13.02%	3.22%	14.9%	9.77%	6.22%	11.94%	12.23%	14.65%
Book Value per Share	17.27	16.67	16.90	16.73	16.51	16.64	15.10	15.25	14.58	15.25	14.23	14.03	14.34	13.85	13.38
Tangible BV per Share	17.27	16.67	16.90	16.73	16.51	16.64	15.10	15.25	14.58	15.25	14.23	14.03	14.34	13.85	13.38
Common Stock	20.59M	20.53M	20.4M	20.26M	20.26M	20.26M	20.26M	20.23M	20.08M	19.94M	19.79M	19.66M	19.53M	19.39M	19.24M
Additional Paid-in Capital	281.14M	280.1M	278.48M	277.01M	277.87M	278.67M	272.5M	272.11M	270.73M	109.7M	111.04M	111.42M	114.58M	113.63M	0
Retained Earnings	53.76M	40.68M	44.68M	42.55M	33.51M	39.11M	11.92M	15.91M	427.48K	173.89M	150.74M	144.83M	146.01M	135.67M	127.53M
Accumulated OCI	0	0	0	0	0	0	0	0	0	0	90	0	0	0	0
Treasury Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

Key Metrics

Growth RegimeStable

ProfitabilityStrong

Balance SheetHealthy

Cash FlowMixed

Top Statement Risk

Level 3 valuation lag

Capital Base Stability Amid Fluctuations

As reported in recent financial statements, MCI has maintained a remarkably stable equity base of approximately $350 million throughout 2025Q2, suggesting that despite revenue volatility, the fund's underlying net asset value has remained resilient against broader market pressures and shifting interest rate environments.

The consistency in total assets hovering around the $400 million mark indicates a disciplined approach to portfolio management, avoiding aggressive expansion that could compromise credit quality. This stability suggests that management is prioritizing capital preservation over rapid growth, which is appropriate given the fund's focus on private placement debt.

Conservative Leverage Profile Remains Strategic

According to the latest quarterly filings, MCI maintains a very low debt-to-equity ratio of 0.14, which reflects a conservative capital structure that significantly mitigates refinancing risk compared to more highly levered peers in the closed-end fund sector.

The fund's minimal reliance on external debt suggests that its interest income is not being eroded by significant financing costs, providing a buffer against potential credit defaults within the portfolio. Investors should monitor whether this low leverage is a permanent strategic choice or a temporary response to current market uncertainty.

Liquidity Buffer Supports Operational Continuity

Based on the reported figures for 2025Q2, MCI holds $11.8 million in cash, providing a sufficient liquidity buffer to meet short-term obligations, although the current ratio of 52.90 appears unusually high due to the specific nature of the fund's short-term liability structure.

The significant jump in the current ratio from 10.04 in 2025Q1 to 52.90 in 2025Q2 warrants further investigation, as it may reflect a shift in the timing of liabilities rather than a fundamental change in liquidity. This liquidity position appears adequate to cover near-term operational needs, though it remains sensitive to the timing of private placement interest receipts.

Valuation Opacity Masks Underlying Risks

As highlighted by the reliance on Level 3 assets, the balance sheet may not fully capture potential credit deterioration, as the $350 million in equity is based on internal models that may lag behind real-time market conditions for private debt.

The absence of goodwill and PPE on the balance sheet is expected for an asset management vehicle, but it shifts the entire risk profile to the valuation of the investment portfolio. Investors should be cautious, as the reported equity value may be subject to downward revisions if the underlying private credit market experiences a liquidity event.

MCI — Frequently Asked Questions

Quick answers to the most common questions about buying MCI stock.

What are the total assets of Barings Corporate Investors (MCI)?

As of 2025, Barings Corporate Investors (MCI) had total assets of $431.2M including $32.1M in current assets.

How much debt does Barings Corporate Investors (MCI) have?

Barings Corporate Investors (MCI) carries total debt of $74.7M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.

What is the book value or shareholders' equity of Barings Corporate Investors?

Barings Corporate Investors (MCI) has total shareholders' equity (book value) of $341.3M ($16.67 book value per share). Book value represents the net worth of the company belonging to common stock holders.

What is Barings Corporate Investors's current ratio and liquidity?

Barings Corporate Investors (MCI) reported a current ratio of 2.19x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.