FS Credit Opportunities Corp. (FSCO) Balance Sheet
FSCO balance sheet, 2025
December 31, 2025 · U.S. dollars$2.16B assets = $720.9M liabilities + $1.44B equity
Both columns are drawn to the same scale: what FSCO owns equals what it owes plus shareholders’ equity. Hover a block for its value.
FSCO financial health
Descriptive bands, not a rating. Fiscal 2025.
FSCO balance sheet trends, 2022–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $2.01B2022 | $2.16B2025 | +2.3%/yr | |
| Total liabilities | $758.0M2022 | $720.9M2025 | −1.7%/yr | |
| Shareholders’ equity | $1.26B2022 | $1.44B2025 | +4.6%/yr | |
| Cash & short-term investments | $85.7M2022 | $398.9M2025 | +67.0%/yr | |
| Total debt | $285.0M2022 | $285.0M2025 | 0.0%/yr | |
| Net cash (debt) | −$199.3M2022 | $113.9M2025 | +$313.3M | |
| Working capital | $120.4M2022 | $369.7M2025 | +$249.3M | |
| Book value per share | $6.372022 | $7.302025 | +4.6%/yr | |
| Debt / equity | 0.232022 | 0.202025 | −0.03 | |
| Shares outstanding | 197.1M2022 | 197.0M2025 | −0.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
FSCO assets
FSCO liabilities and equity
FSCO debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
FSCO balance sheet
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Assets | ||||
| Cash & short-term investments | $398.9M | $189.3M | $106.2M | $85.7M |
| Cash & equivalents | $398.9M | $189.3M | $106.2M | $85.7M |
| Receivables | $0 | $76.7M | $45.2M | $41.6M |
| Inventory | $0 | $0 | $45.2M | $0 |
| Other current assets | $0 | $0 | $0 | $0 |
| Total current assets | $398.9M | $189.3M | $151.4M | $127.2M |
| Property, plant & equipment (net) | $0 | $0 | $0 | $0 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 |
| Long-term investments | $1.71B | $2.05B | $1.93B | $1.83B |
| Other non-current assets | $50.5M | $83.3M | $2.5M | $57.0M |
| Total assets | $2.16B | $2.33B | $2.09B | $2.01B |
| Liabilities | ||||
| Accounts payable | $17.0M | $32.4M | $6.7M | $6.9M |
| Total current liabilities | $29.2M | $32.4M | $6.7M | $6.9M |
| Long-term debt | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $691.7M | $875.5M | $707.3M | $751.2M |
| Total liabilities | $720.9M | $907.9M | $714.0M | $758.0M |
| Shareholders' equity | ||||
| Common stock & paid-in capital | $202,000 | $198,000 | $198,000 | $198,000 |
| Retained earnings (deficit) | −$229.0M | −$232.6M | −$287.6M | −$410.8M |
| Total shareholders' equity | $1.44B | $1.42B | $1.37B | $1.26B |
| Key figures | ||||
| Total debt | $285.0M | $453.0M | $390.0M | $285.0M |
| Net cash (debt) | $113.9M | −$263.7M | −$283.8M | −$199.3M |
| Working capital | $369.7M | $156.9M | $144.7M | $120.4M |
| Tangible book value | $1.44B | $1.42B | $1.37B | $1.26B |
| Book value per share | $7.30 | $7.18 | $6.95 | $6.37 |
| Shares outstanding | 197.0M | 197.5M | 197.5M | 197.1M |
| Current ratio | 13.64 | 5.84 | 22.58 | 18.54 |
| Quick ratio | 13.64 | 8.20 | 22.58 | 18.54 |
| Debt / equity | 0.20 | 0.32 | 0.28 | 0.23 |
| Equity / assets | 66.6% | 61.0% | 65.8% | 62.4% |
| Jun '26 | Dec '25 | Jun '25 | Dec '24 | Jun '24 | Dec '23 | Jun '23 | |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Cash & short-term investments | $332.6M | $398.9M | $253.1M | $189.3M | $103.0M | $106.2M | $186.7M |
| Cash & equivalents | $332.6M | $398.9M | $253.1M | $189.3M | $103.0M | $106.2M | $186.7M |
| Receivables | $0 | $0 | $34.9M | $76.7M | $29.3M | $45.2M | $54.2M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $45.2M | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $332.6M | $398.9M | $288.0M | $189.3M | $132.3M | $151.4M | $240.9M |
| Property, plant & equipment (net) | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $1.84B | $1.71B | $1.87B | $2.05B | $2.01B | $1.93B | $1.82B |
| Other non-current assets | $46.1M | $50.5M | $3.0M | $83.3M | $3.2M | $2.5M | $55.6M |
| Total assets | $2.22B | $2.16B | $2.16B | $2.33B | $2.14B | $2.09B | $2.12B |
| Liabilities | |||||||
| Accounts payable | $60.9M | $17.0M | $5.9M | $32.4M | $23.5M | $6.7M | $42.3M |
| Total current liabilities | $75.0M | $29.2M | $5.9M | $32.4M | $23.5M | $6.7M | $42.3M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $704.7M | $691.7M | $704.1M | $875.5M | $701.3M | $707.3M | $285.0M |
| Total liabilities | $779.7M | $720.9M | $710.0M | $907.9M | $724.7M | $714.0M | $792.9M |
| Shareholders' equity | |||||||
| Common stock & paid-in capital | $202,000 | $202,000 | $198,000 | $198,000 | $198,000 | $198,000 | $198,000 |
| Retained earnings (deficit) | −$224.3M | −$229.0M | −$203.3M | −$232.6M | −$241.1M | −$287.6M | −$341.9M |
| Total shareholders' equity | $1.44B | $1.44B | $1.45B | $1.42B | $1.42B | $1.37B | $1.33B |
| Key figures | |||||||
| Total debt | $300.0M | $285.0M | $285.0M | $453.0M | $285.0M | $390.0M | $285.0M |
| Net cash (debt) | $32.6M | $113.9M | −$31.9M | −$263.7M | −$182.0M | −$283.8M | −$98.3M |
| Working capital | $257.6M | $369.7M | $282.1M | $156.9M | $108.9M | $144.7M | $198.6M |
| Tangible book value | $1.44B | $1.44B | $1.45B | $1.42B | $1.42B | $1.37B | $1.33B |
| Book value per share | $7.13 | $7.11 | $7.30 | $7.15 | $7.15 | $6.92 | $6.68 |
| Shares outstanding | 202.3M | 202.3M | 198.4M | 198.4M | 198.4M | 198.4M | 198.4M |
| Current ratio | 4.44 | 13.64 | 48.68 | 5.84 | 5.64 | 22.58 | 5.70 |
| Quick ratio | 4.44 | 13.64 | 48.68 | 8.20 | 5.64 | 22.58 | 5.70 |
| Debt / equity | 0.21 | 0.20 | 0.20 | 0.32 | 0.20 | 0.28 | 0.22 |
| Equity / assets | 64.9% | 66.6% | 67.1% | 61.0% | 66.2% | 65.8% | 62.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed December 31, 2025); data from EODHD.
FSCO financial position
At the end of fiscal 2025 (December 31, 2025), FS Credit Opportunities had total assets of $2.2 billion (down 7.2% from a year earlier), total liabilities of $720.9 million and shareholders' equity of $1.4 billion. It held $398.9 million in cash and short-term investments against $285.0 million of debt, a net cash position of $113.9 million. Its current ratio was 13.64. In the latest quarter (ended June 30, 2026) total assets were $2.2 billion and equity $1.4 billion.
Related: FSCO income statement, FSCO cash flow statement, FSCO key metrics. See the FSCO stock overview for the latest quote and news.
FSCO balance sheet FAQ
What are FS Credit Opportunities's total assets?
FS Credit Opportunities reported total assets of $2.2 billion at the end of fiscal 2025 (December 31, 2025), compared with $2.3 billion a year earlier.
How much debt does FS Credit Opportunities have?
FS Credit Opportunities had $285.0 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.20.
How much cash does FS Credit Opportunities have?
FS Credit Opportunities held $398.9 million in cash and short-term investments at the end of fiscal 2025; with $285.0 million of debt that is net cash of $113.9 million.
What is FS Credit Opportunities's book value?
FS Credit Opportunities's shareholders' equity (book value) was $1.4 billion at the end of fiscal 2025, or $7.30 per share.
What is FS Credit Opportunities's current ratio?
FS Credit Opportunities had current assets of $398.9 million and current liabilities of $29.2 million, a current ratio of 13.64 (it can cover its short-term obligations).