Crescent Capital BDC, Inc. (CCAP) Balance Sheet
CCAP balance sheet, 2025
December 31, 2025 · U.S. dollars$1.62B assets = $916.1M liabilities + $706.0M equity
Both columns are drawn to the same scale: what CCAP owns equals what it owes plus shareholders’ equity. Hover a block for its value.
CCAP financial health
Descriptive bands, not a rating. Fiscal 2025.
CCAP balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $225.6M2016 | $1.62B2025 | +24.5%/yr | |
| Total liabilities | $6,3772016 | $916.1M2025 | +274.1%/yr | |
| Shareholders’ equity | $225.6M2016 | $706.0M2025 | +13.5%/yr | |
| Cash & short-term investments | $5.1M2016 | $31.5M2025 | +22.4%/yr | |
| Total debt | $52,7532016 | $873.8M2025 | +194.3%/yr | |
| Net cash (debt) | $5.1M2016 | −$842.3M2025 | −$847.3M | |
| Working capital | $3.8M2016 | $70.5M2025 | +$66.6M | |
| Book value per share | $5.752017 | $19.062025 | +16.2%/yr | |
| Current ratio | 1.992016 | 2.942025 | +0.94 | |
| Debt / equity | 0.002016 | 1.242025 | +1.24 | |
| Shares outstanding | 30.0M2017 | 37.0M2025 | +2.7%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CCAP assets
CCAP liabilities and equity
CCAP debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
CCAP balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $31.5M | $10.1M | $7.8M | $6.4M | $10.1M | $1.9M | $4.6M | $9.8M | $8.8M | $5.1M |
| Cash & equivalents | $31.5M | $10.1M | $7.8M | $6.4M | $10.1M | $1.9M | $4.6M | $10.4M | $9.3M | $5.1M |
| Short-term investments | — | — | $5.1M | $5,000 | $14.9M | — | — | $559,011 | −$479,134 | — |
| Receivables | $17.4M | $12.2M | $14.3M | $9.9M | $21.6M | $3.9M | $3.0M | $1.4M | $1.3M | $2.5M |
| Inventory | $0 | $0 | $1 | $27.0M | $1 | $18.7M | $1 | $1 | $10.12T | −$225.5M |
| Other current assets | $58.0M | $34.1M | $0 | $0 | $15.6M | $0 | $0 | $0 | $329.8M | $225.6M |
| Total current assets | $106.9M | $56.4M | $22.0M | $16.3M | $47.3M | $19.0M | $7.6M | $11.2M | $10.13T | $7.6M |
| Property, plant & equipment (net) | $0 | $0 | −$1.59B | −$91,000 | −$42,000 | −$630,000 | −$420,492 | −$505.7M | $0 | $0 |
| Goodwill & intangible assets | $0 | $0 | $114,000 | $91,000 | $42,000 | $630,000 | $420,492 | $299,474 | $0 | $0 |
| Long-term investments | $1.57B | $1.60B | $1.59B | $1.27B | $1.27B | $1.03B | $728.0M | $493.9M | $319.6M | $217.9M |
| Other non-current assets | $0 | $0 | $1.61B | $15.4M | $0 | $909,000 | $11.6M | $505.4M | $0 | $0 |
| Total assets | $1.62B | $1.66B | $1.63B | $1.30B | $1.32B | $1.05B | $747.2M | $505.1M | $329.8M | $225.6M |
| Liabilities | ||||||||||
| Accounts payable | $27.9M | $26.0M | $26.1M | $21.6M | $18.2M | $15.5M | $12.1M | $7.5M | $3.7M | $521,870 |
| Short-term debt | — | — | $844.8M | $654.5M | $631.0M | $471.9M | $322.0M | — | — | — |
| Deferred revenue | — | — | −$818.7M | −$632.8M | −$612.9M | −$456.5M | −$309.9M | −$235.7M | −$85.9M | −$187.9M |
| Total current liabilities | $36.4M | $39.1M | $26.1M | $21.6M | $32.9M | $20.0M | $12.1M | $10.1M | $6.2M | $3.8M |
| Long-term debt | $0 | $0 | $0 | $654.5M | $0 | $0 | $322.0M | $235.7M | $150.8M | $93.7M |
| Other long-term liabilities | $916.1M | $876.6M | $844.8M | $0 | $632.6M | $474.2M | $4 | $0 | $0 | $0 |
| Total liabilities | $916.1M | $915.6M | $884.8M | $690.3M | $665.5M | $494.2M | $340.3M | $245.5M | $157.0M | $6,377 |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $37,000 | $37,000 | $37,000 | $31,000 | $31,000 | $28,000 | $20,862 | $13,358 | $8,597 | $6,377 |
| Retained earnings (deficit) | −$251.0M | −$218.5M | −$223.3M | −$62.5M | −$13.9M | −$34.7M | −$7.4M | −$6.5M | $2.0M | $128.1M |
| Accumulated other comprehensive income | — | $0 | $0 | $0 | $0 | $0 | $0 | $259.6M | $172.8M | $128.1M |
| Total shareholders' equity | $706.0M | $740.6M | $742.6M | $612.5M | $652.3M | $560.0M | $406.9M | $259.6M | $172.8M | $225.6M |
| Key figures | ||||||||||
| Total debt | $873.8M | $875.8M | $844.8M | $654.5M | $631.0M | $471.9M | $644.0M | $235.7M | $150.8M | $52,753 |
| Net cash (debt) | −$842.3M | −$865.7M | −$837.0M | −$648.1M | −$621.0M | −$470.0M | −$639.4M | −$225.9M | −$142.1M | $5.1M |
| Working capital | $70.5M | $17.4M | −$4.1M | −$5.3M | $14.4M | −$1.0M | −$4.5M | $1.0M | $10.13T | $3.8M |
| Tangible book value | $706.0M | $740.6M | $742.5M | $612.5M | $652.2M | $559.4M | $406.5M | $259.3M | $172.8M | $225.6M |
| Book value per share | $19.06 | $19.98 | $20.67 | $19.83 | $22.91 | $20.23 | $23.46 | $8.64 | $5.75 | — |
| Shares outstanding | 37.0M | 37.1M | 35.9M | 30.9M | 28.5M | 27.7M | 17.3M | 30.0M | 30.0M | — |
| Current ratio | 2.94 | 1.44 | 0.84 | 0.76 | 1.44 | 0.95 | 0.63 | 1.10 | 1,641,210.62 | 1.99 |
| Quick ratio | 1.34 | 0.57 | 0.84 | 0.76 | 0.96 | 0.29 | 0.63 | 1.10 | 1.64 | 1.98 |
| Debt / equity | 1.24 | 1.18 | 1.14 | 1.07 | 0.97 | 0.84 | 1.58 | 0.91 | 0.87 | 0.00 |
| Equity / assets | 43.5% | 44.7% | 45.6% | 47.0% | 49.5% | 53.1% | 54.5% | 51.4% | 52.4% | 100.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $15.6M | $54.2M | $31.5M | $5.8M | $9.7M | $12.0M | $10.1M | $17.1M | $11.0M | $6.7M | $7.8M | $6.0M |
| Cash & equivalents | $15.6M | $26.6M | $31.5M | $5.8M | $9.7M | $12.0M | $10.1M | $17.1M | $11.0M | $6.7M | $7.8M | $6.0M |
| Short-term investments | — | $27.6M | — | — | — | — | — | — | −$25.1M | — | — | $16.8M |
| Receivables | $8.2M | $23.4M | $17.4M | $15.2M | $24.3M | $8.5M | $12.2M | $10.8M | $18.6M | $17.6M | $14.3M | $26.0M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1 | $38.7M | $0 |
| Other current assets | $0 | $0 | $58.0M | $0 | $17.8M | $18.3M | $34.1M | $20.6M | $27.9M | $29.9M | $0 | $25.6M |
| Total current assets | $23.8M | $77.6M | $106.9M | $21.0M | $51.9M | $38.8M | $56.4M | $48.5M | $57.5M | $54.2M | $22.0M | $57.6M |
| Property, plant & equipment (net) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $114,000 | $0 |
| Long-term investments | $1.57B | $1.56B | $1.57B | $1.58B | $1.60B | $1.62B | $1.60B | $1.59B | $1.61B | $1.57B | $1.59B | $1.57B |
| Other non-current assets | $23.1M | $0 | $0 | $23.9M | $432,000 | $2.7M | $0 | $3.7M | $1.3M | $0 | $18.0M | $0 |
| Total assets | $1.62B | $1.62B | $1.62B | $1.63B | $1.65B | $1.67B | $1.66B | $1.65B | $1.67B | $1.62B | $1.63B | $1.62B |
| Liabilities | ||||||||||||
| Accounts payable | $24.9M | $23.9M | $27.9M | $23.5M | $28.0M | $24.7M | $26.0M | $24.7M | $26.6M | $23.9M | $26.1M | $22.8M |
| Total current liabilities | $20.3M | — | $36.4M | $23.5M | $39.6M | $24.7M | $39.1M | $38.4M | $39.1M | $36.3M | $26.1M | $36.2M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $923.2M | $943.6M | $916.1M | $890.1M | $890.1M | $914.7M | $876.6M | $857.8M | $880.9M | $832.4M | $844.8M | $858.0M |
| Total liabilities | $962.4M | $943.6M | $916.1M | $913.6M | $929.7M | $939.4M | $915.6M | $896.2M | $920.0M | $868.7M | $884.8M | $894.2M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $37,000 | $37,000 | $37,000 | $37,000 | $37,000 | $37,000 | $37,000 | $37,000 | $37,000 | $37,000 | $37,000 | $37,000 |
| Retained earnings (deficit) | −$298.9M | −$282.0M | −$251.0M | −$244.7M | −$234.4M | −$232.0M | −$218.5M | −$217.1M | −$213.5M | −$214.2M | −$223.3M | −$58.1M |
| Accumulated other comprehensive income | — | — | — | $0 | $0 | $0 | $0 | — | $0 | $0 | $0 | $0 |
| Total shareholders' equity | $656.5M | $674.0M | $706.0M | $714.1M | $724.7M | $727.1M | $740.6M | $748.8M | $752.4M | $751.7M | $742.6M | $730.3M |
| Key figures | ||||||||||||
| Total debt | $922.9M | $907.1M | $873.8M | $875.3M | $887.3M | $903.0M | $875.8M | $857.2M | $879.9M | $831.4M | $844.8M | $856.7M |
| Net cash (debt) | −$907.3M | −$852.9M | −$842.3M | −$869.5M | −$877.6M | −$890.9M | −$865.7M | −$840.1M | −$868.9M | −$824.7M | −$837.0M | −$850.7M |
| Working capital | $3.5M | — | $70.5M | −$2.5M | $12.3M | $14.1M | $17.4M | $10.1M | $18.4M | $17.9M | −$4.1M | $21.4M |
| Tangible book value | $656.5M | $674.0M | $706.0M | $714.1M | $724.7M | $727.1M | $740.6M | $748.8M | $752.4M | $751.7M | $742.5M | $730.3M |
| Book value per share | $17.81 | $18.25 | $19.06 | $19.27 | $19.55 | $19.62 | $19.98 | $20.20 | $20.30 | $20.28 | $19.97 | $19.70 |
| Shares outstanding | 36.9M | 36.9M | 37.0M | 37.1M | 37.1M | 37.1M | 37.1M | 37.1M | 37.1M | 37.1M | 37.2M | 37.1M |
| Current ratio | 1.17 | — | 2.94 | 0.89 | 1.31 | 1.57 | 1.44 | 1.26 | 1.47 | 1.49 | 0.84 | 1.59 |
| Quick ratio | 1.17 | — | 1.34 | 0.89 | 0.86 | 0.83 | 0.57 | 0.72 | 0.76 | 0.67 | 0.84 | 0.88 |
| Debt / equity | 1.41 | 1.35 | 1.24 | 1.23 | 1.22 | 1.24 | 1.18 | 1.14 | 1.17 | 1.11 | 1.14 | 1.17 |
| Equity / assets | 40.5% | 41.7% | 43.5% | 43.9% | 43.8% | 43.6% | 44.7% | 45.5% | 45.0% | 46.4% | 45.6% | 45.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 25, 2026); data from EODHD.
CCAP financial position
At the end of fiscal 2025 (December 31, 2025), Crescent Capital BDC had total assets of $1.6 billion (down 2.1% from a year earlier), total liabilities of $916.1 million and shareholders' equity of $706.0 million. It held $31.5 million in cash and short-term investments against $873.8 million of debt, net debt of $842.3 million. Its current ratio was 2.94. In the latest quarter (ended June 30, 2026) total assets were $1.6 billion and equity $656.5 million.
Related: CCAP income statement, CCAP cash flow statement, CCAP key metrics. See the CCAP stock overview for the latest quote and news.
CCAP balance sheet FAQ
What are Crescent Capital BDC's total assets?
Crescent Capital BDC reported total assets of $1.6 billion at the end of fiscal 2025 (December 31, 2025), compared with $1.7 billion a year earlier.
How much debt does Crescent Capital BDC have?
Crescent Capital BDC had $873.8 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 1.24.
How much cash does Crescent Capital BDC have?
Crescent Capital BDC held $31.5 million in cash and short-term investments at the end of fiscal 2025; with $873.8 million of debt that is net debt of $842.3 million.
What is Crescent Capital BDC's book value?
Crescent Capital BDC's shareholders' equity (book value) was $706.0 million at the end of fiscal 2025, or $19.06 per share.
What is Crescent Capital BDC's current ratio?
Crescent Capital BDC had current assets of $106.9 million and current liabilities of $36.4 million, a current ratio of 2.94 (it can cover its short-term obligations).