Barings Participation Investors (MPV) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q4'25 | Q2'25 | Q4'24 | Q2'24 | Q4'23 | Q2'23 | Q4'22 | Q2'22 | Q4'21 | Q2'21 | Q4'20 | Q2'20 | Q4'19 | Q2'19 | Q4'17 | Q2'17 | Q4'16 | Q2'16 | Q4'15 | Q2'15 |
|---|
| Total Current Assets | 16.69M | 6.92M | 12.11M | 10.86M | 9.67M | 0 | 7.51M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.07M | 8.12M | 6.1M | 14.8M | 8.3M | 7.26M |
| Cash & Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cash Only | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Sales Outstanding | - | 40.03 | 43.84 | 39.9 | 24.82 | 23.34 | 26.43 | 29.15 | 24.65 | 23.16 | 15.55 | 17.07 | 18.31 | 17.94 | 19.65 | 22.2 | 22.69 | 22.75 | 25.58 | 21.92 |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | -2.4M | 0 | -1.96M | -1.96M | -1.69M | -1.12M | -1.25M | -1.08M | -1.45M | 0 | 5.81K | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 191.65M | 186.62M | 184.1M | 173.33M | 180.8M | 0 | 178.61M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 159.33M | 153.48M | 149.72M | 141.42M | 146.42M | 152.32M |
| Property, Plant & Equipment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Fixed Asset Turnover | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 191.2M | 8.13M | 8.71M | 0 | 1.51M | 175.93M | 178.35M | 175.25M | 173.1M | 158.13M | 148.48M | 140.47M | 150.63M | 146.86M | 36.3M | 34.17M | 36.73M | 25.38M | 33.11M | 39.58M |
| Other Non-Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Assets | 208.34M | 193.54M | 196.21M | 184.19M | 190.48M | 187.19M | 186.12M | 183.13M | 186.98M | 170.59M | 163.21M | 153.58M | 164.83M | 161.96M | 166.39M | 161.6M | 155.82M | 156.22M | 154.71M | 159.59M |
| Asset Turnover | 0.04x | 0.05x | 0.06x | 0.05x | 0.05x | 0.05x | 0.04x | 0.03x | 0.04x | 0.03x | 0.04x | 0.04x | 0.04x | 0.04x | 0.04x | 0.05x | 0.04x | 0.04x | 0.04x | 0.04x |
| Asset Growth % | 6.18% | 5.07% | 3.01% | -1.6% | 2.34% | 2.21% | -0.46% | 7.36% | 14.56% | 11.07% | -0.98% | -5.18% | - | - | 6.78% | 3.44% | 0.72% | -2.11% | -1.94% | 2.01% |
| Total Current Liabilities | 0 | 143.4K | 6.61M | 47.06K | 3.94M | 0 | 2.59M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.14M | 534.94K | 3.8M | 1.26M | 3.86M | 875.01K |
| Accounts Payable | 0 | 143.4K | 6.61M | 47.06K | 3.94M | 44.95K | 2.59M | 35.1K | 3.06M | 745.73K | 3.58M | 218.01K | 2.89M | 27.27K | 0 | 0 | 0 | 657.6K | 0 | 0 |
| Days Payables Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | -415.72K | 0 | -393.23K | -4.6M | -1.09M | -4.02M | -528.03K | -3.63M | -356.75K | 4.64M | 0 | 3.31M | 0 | 3.26M | 306.51K |
| Current Ratio | - | 48.25x | 1.83x | 230.82x | 2.46x | - | 2.89x | - | - | - | - | - | - | - | 1.37x | 15.19x | 1.60x | 11.73x | 2.15x | 8.30x |
| Quick Ratio | - | 48.25x | 1.83x | 230.82x | 2.46x | - | 2.89x | - | - | - | - | - | - | - | 1.37x | 15.19x | 1.60x | 11.73x | 2.15x | 8.30x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 44.52M | 25.28M | 24.48M | 15.79M | 23.17M | 0 | 24.6M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15.77M | 15.53M | 15.42M | 15.58M | 15.51M | 15.61M |
| Long-Term Debt | 37.33M | 24.59M | 23.36M | 15M | 21.57M | 0 | 23.5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15M | 15M | 15M | 15M | 15M | 15M |
| Capital Lease Obligations | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | 44.52M | 25.42M | 31.09M | 15.84M | 27.11M | 22.4M | 27.2M | 23.97M | 25.9M | 16.15M | 19.03M | 15.79M | 18.74M | 15.53M | 20.91M | 16.06M | 19.22M | 16.84M | 19.36M | 16.48M |
| Total Debt | 37.33M | 24.59M | 23.36M | 15M | 21.57M | 0 | 23.5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15M | 15M | 15M | 15M | 15M | 15M |
| Net Debt | 23.54M | 20.37M | 16.36M | 9.68M | 15.09M | -8.59M | 18.62M | -5.73M | -11.62M | -10M | -12.64M | -11.84M | -13.12M | -13.64M | 9.23M | 8.52M | 10.8M | 1.64M | 8.32M | 9.42M |
| Debt / Equity | 0.23x | 0.15x | 0.14x | 0.09x | 0.13x | - | 0.15x | - | - | - | - | - | - | - | 0.10x | 0.10x | 0.11x | 0.11x | 0.11x | 0.10x |
| Debt / EBITDA | 2.43x | - | - | - | 2.07x | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | 1.53x | - | - | - | 1.45x | -0.91x | - | - | - | -0.79x | - | - | - | -1.30x | - | - | - | - | - | - |
| Interest Coverage | 9.77x | 8.96x | 13.54x | - | 16.37x | 14.11x | 11.81x | 11.23x | 17.66x | 14.59x | 19.97x | 16.68x | 17.21x | 19.27x | 18.49x | 20.45x | 19.04x | 16.59x | 15.44x | 18.36x |
| Total Equity | 163.82M | 168.12M | 165.12M | 168.36M | 163.37M | 164.79M | 158.92M | 159.17M | 161.08M | 154.44M | 144.18M | 137.79M | 146.08M | 146.44M | 145.48M | 145.54M | 136.61M | 139.38M | 135.35M | 143.11M |
| Equity Growth % | -0.79% | -0.14% | 1.07% | 2.17% | 2.8% | 3.53% | -1.34% | 3.06% | 11.72% | 12.09% | -1.3% | -5.91% | - | - | 6.5% | 4.42% | 0.93% | -2.6% | -1.61% | 2.44% |
| Book Value per Share | 15.23 | 15.68 | 15.40 | 15.82 | 15.41 | 15.54 | 14.99 | 15.01 | 15.19 | 14.57 | 13.60 | 13.00 | 13.76 | 13.87 | 13.84 | 13.98 | 13.12 | 13.46 | 13.09 | 13.87 |
| Total Shareholders' Equity | 163.82M | 168.12M | 165.12M | 168.36M | 163.37M | 164.79M | 158.92M | 159.17M | 161.08M | 154.44M | 144.18M | 137.79M | 146.08M | 146.44M | 145.48M | 145.54M | 136.61M | 139.38M | 135.35M | 143.11M |
| Common Stock | 107.56K | 107.22K | 106.8K | 106.41K | 106.02K | 106.02K | 106.02K | 106.02K | 106.02K | 106.02K | 106.02K | 106.02K | 105.87K | 105.58K | 104.58K | 104.22K | 103.86K | 103.56K | 103.28K | 103.15K |
| Retained Earnings | 18.2M | 22.82M | 20.54M | 23.46M | 19.09M | 20.07M | 14.21M | 14.05M | 15.96M | 12.23M | 1.96M | -4.57M | 3.95M | 4.4M | 50.89M | 50.02M | 41.59M | 43.65M | 39.99M | 45.1M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |