Investcorp Credit Management BDC, Inc. (ICMB) Balance Sheet
ICMB balance sheet, FY2026
June 30, 2026 · U.S. dollars$188.8M assets = $127.5M liabilities + $61.3M equity
Both columns are drawn to the same scale: what ICMB owns equals what it owes plus shareholders’ equity. Hover a block for its value.
ICMB financial health
Descriptive bands, not a rating. Fiscal FY2026.
ICMB balance sheet trends, FY2016–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $320.0MFY2016 | $188.8MFY2026 | −5.7%/yr | |
| Total liabilities | $157.2MFY2016 | $127.5MFY2026 | −2.3%/yr | |
| Shareholders’ equity | $162.7MFY2016 | $61.3MFY2026 | −10.3%/yr | |
| Cash & short-term investments | $18.4MFY2016 | $4.6MFY2026 | −14.3%/yr | |
| Total debt | $231.5MFY2016 | $123.1MFY2026 | −6.8%/yr | |
| Net cash (debt) | −$213.0MFY2016 | −$118.5MFY2026 | +$94.5M | |
| Working capital | −$11.9MFY2016 | $1.6MFY2026 | +$13.5M | |
| Book value per share | $11.90FY2016 | $4.25FY2026 | −10.8%/yr | |
| Current ratio | 0.14FY2016 | 1.51FY2026 | +1.38 | |
| Debt / equity | 1.42FY2016 | 2.01FY2026 | +0.59 | |
| Shares outstanding | 13.7MFY2016 | 14.4MFY2026 | +0.6%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
ICMB assets
ICMB liabilities and equity
ICMB debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
ICMB balance sheet
| FY2026 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $4.6M | $771,483 | $1.1M | $2.6M | $5.8M | $14.9M | $19.7M | $5.6M | $10.6M | $18.4M |
| Cash & equivalents | $4.6M | $771,483 | $1.1M | $2.6M | $5.8M | $14.9M | $19.7M | $5.6M | $10.6M | $18.4M |
| Short-term investments | — | $7.4M | $12.2M | $223.0M | — | — | — | — | — | — |
| Receivables | $0 | $2.4M | $2.2M | $3.1M | $8.4M | $5.5M | $3.9M | $12.0M | $1.6M | $1.9M |
| Inventory | $0 | −$5.7M | $23.4M | $9.7M | $21.5M | $1 | $1 | −$320.2M | −$306.7M | −$338.4M |
| Other current assets | $0 | $17.3M | $0 | $0 | $0 | $0 | $0 | $314.5M | $296.0M | $320.0M |
| Total current assets | $4.6M | $14.7M | $11.7M | $3.1M | $21.8M | $20.4M | $23.6M | $12.0M | $1.6M | $1.9M |
| Property, plant & equipment (net) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $172.7M | $184.6M | $220.1M | $233.7M | $245.9M | $270.6M | $306.4M | $293.8M | $260.7M | $281.2M |
| Other non-current assets | $11.6M | $7.5M | $0 | $9.6M | $0 | $5.8M | $6.9M | $8.7M | $33.7M | $36.9M |
| Total assets | $188.8M | $206.9M | $231.8M | $246.4M | $267.7M | $296.8M | $336.9M | $314.5M | $296.0M | $320.0M |
| Liabilities | ||||||||||
| Accounts payable | $1.9M | $1.5M | $1.8M | $4.0M | $3.0M | $3.5M | $26.4M | $16.3M | $16.1M | $13.8M |
| Short-term debt | — | $65.0M | $200.5M | $211.8M | $230.4M | $233.7M | $200.0M | $117.9M | $101.4M | $131.0M |
| Deferred revenue | — | — | — | −$217.6M | −$227.4M | −$230.2M | −$173.6M | — | — | — |
| Total current liabilities | $3.0M | $7.2M | $8.6M | $4.0M | $5.9M | $3.5M | $26.4M | $16.3M | $16.1M | $13.8M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $156.5M | $100.0M | $101.4M | $100.5M |
| Other long-term liabilities | $124.5M | $122.0M | $135.5M | $146.8M | $165.4M | $182.3M | $9.0M | $43.0M | $24.7M | $56.7M |
| Total liabilities | $127.5M | $129.2M | $144.1M | $152.9M | $171.3M | $188.7M | $193.9M | $143.0M | $126.1M | $157.2M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $14,432 | $14,406 | $14,392 | $14,386 | $13,922 | $13,885 | $13,620 | $13,649 | $13,689 | $13,680 |
| Retained earnings (deficit) | −$141.8M | −$125.9M | −$115.6M | −$110.1M | −$104.3M | −$92.7M | −$55.3M | $3.0M | −$2.3M | −$1.7M |
| Accumulated other comprehensive income | — | — | $0 | $93.5M | $0 | $0 | $0 | −$9.1M | −$29.0M | −$37.0M |
| Total shareholders' equity | $61.3M | $77.6M | $87.7M | $93.5M | $96.4M | $108.1M | $143.1M | $171.5M | $169.9M | $162.7M |
| Key figures | ||||||||||
| Total debt | $123.1M | $122.0M | $135.5M | $146.8M | $165.4M | $182.3M | $356.5M | $217.9M | $202.8M | $231.5M |
| Net cash (debt) | −$118.5M | −$121.3M | −$134.4M | −$144.3M | −$159.6M | −$167.5M | −$336.8M | −$212.3M | −$192.2M | −$213.0M |
| Working capital | $1.6M | $7.5M | $3.1M | −$843,589 | $15.9M | $16.9M | −$2.8M | −$4.3M | −$14.5M | −$11.9M |
| Tangible book value | $61.3M | $77.6M | $87.7M | $93.5M | $96.4M | $108.1M | $143.1M | $171.5M | $169.9M | $162.7M |
| Book value per share | $4.25 | $5.39 | $6.09 | $6.54 | $6.93 | $7.87 | $10.50 | $12.53 | $12.42 | $11.90 |
| Shares outstanding | 14.4M | 14.4M | 14.4M | 14.3M | 13.9M | 13.7M | 13.6M | 13.7M | 13.7M | 13.7M |
| Current ratio | 1.51 | 2.05 | 1.36 | 0.79 | 3.70 | 5.83 | 0.89 | 0.74 | 0.10 | 0.14 |
| Quick ratio | 1.51 | 0.44 | 0.38 | 1.43 | 2.42 | 5.83 | 0.89 | 1.08 | 0.76 | 1.47 |
| Debt / equity | 2.01 | 1.57 | 1.54 | 1.57 | 1.72 | 1.69 | 2.49 | 1.27 | 1.19 | 1.42 |
| Equity / assets | 32.5% | 37.5% | 37.8% | 38.0% | 36.0% | 36.4% | 42.5% | 54.5% | 57.4% | 50.9% |
| 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 | $10.9M | $2.7M | $4.6M | $3.9M | $2.9M | $2.3M | $771,483 | $2.3M | $3.1M | $90,773 | $3.1M | $90,773 |
| Cash & equivalents | $10.9M | $2.7M | $4.6M | $3.9M | $2.9M | $2.3M | $771,483 | $2.3M | $3.1M | $90,773 | $3.1M | $90,773 |
| Short-term investments | — | — | — | — | $3.2M | — | — | — | $7.4M | — | — | — |
| Receivables | $0 | $1.1M | $999,493 | $2.6M | $1.9M | $1.1M | $1.9M | $1.1M | $1.6M | $1.8M | $1.6M | $1.8M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$5.0M | $0 | $0 | $15.9M |
| Other current assets | — | $0 | $0 | $0 | $0 | $11.7M | $0 | $11.7M | $17.2M | $14.4M | $12.2M | $0 |
| Total current assets | — | $2.7M | $4.6M | $3.9M | $2.9M | $15.2M | $771,483 | $15.2M | $16.9M | $16.4M | $16.9M | $16.4M |
| 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 | $0 | $0 |
| Long-term investments | $135.9M | $151.4M | $172.7M | $196.1M | $204.1M | $192.4M | $191.6M | $190.1M | $184.6M | $192.2M | $207.4M | $223.4M |
| Other non-current assets | $25.5M | $10.4M | $11.6M | $10.6M | $17.0M | $0 | $14.5M | $2.3M | $22.8M | $31.2M | $0 | $0 |
| Total assets | $161.4M | $164.6M | $188.8M | $210.6M | $224.1M | $207.6M | $206.9M | $207.6M | $224.3M | $239.8M | $224.3M | $239.8M |
| Liabilities | ||||||||||||
| Accounts payable | $1.0M | $897,826 | $1.9M | $8.0M | $11.4M | $1.5M | $5.1M | $1.5M | $5.5M | $14.8M | $5.5M | $14.8M |
| Short-term debt | — | $65.0M | — | $65.0M | $65.0M | $65.0M | $65.0M | $175.9M | — | $185.6M | $198.9M | $197.8M |
| Deferred revenue | — | $364,353 | — | $517,499 | $594,913 | $674,011 | — | — | — | — | — | — |
| Total current liabilities | — | $2.5M | $3.0M | $9.1M | $12.6M | $9.1M | $6.5M | $9.1M | $11.6M | $23.1M | $11.6M | $23.1M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | — | $109.4M | $124.5M | $128.8M | $135.5M | $120.4M | $122.8M | $120.4M | $133.9M | $132.8M | $133.9M | $132.8M |
| Total liabilities | $111.7M | $111.9M | $127.5M | $137.9M | $148.1M | $129.5M | $129.2M | $129.5M | $145.5M | $155.9M | $145.5M | $155.9M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | — | $14,432 | $14,432 | $14,431 | $14,431 | $14,414 | $14,406 | $14,414 | $14,395 | $14,393 | $14,395 | $14,393 |
| Retained earnings (deficit) | −$153.5M | −$150.4M | −$141.8M | −$130.9M | −$127.6M | −$125.4M | −$125.9M | −$125.4M | −$124.5M | −$119.5M | −$124.5M | −$119.5M |
| Accumulated other comprehensive income | — | — | — | — | — | — | — | — | $0 | $0 | $0 | $0 |
| Total shareholders' equity | $49.7M | $52.7M | $61.3M | $72.7M | $76.0M | $78.1M | $77.6M | $78.1M | $78.8M | $83.9M | $78.8M | $83.9M |
| Key figures | ||||||||||||
| Total debt | — | $108.1M | $123.1M | $127.6M | $134.4M | $119.7M | $122.0M | $119.7M | $133.9M | $132.8M | $133.9M | $132.8M |
| Net cash (debt) | — | −$105.4M | −$118.5M | −$123.7M | −$131.4M | −$117.4M | −$121.3M | −$117.4M | −$130.8M | −$132.7M | −$130.8M | −$132.7M |
| Working capital | — | $263,775 | $1.6M | −$5.3M | −$9.6M | $6.0M | −$5.7M | $6.0M | $5.3M | −$6.8M | $5.3M | −$6.8M |
| Tangible book value | $49.7M | $52.7M | $61.3M | $72.7M | $76.0M | $78.1M | $77.6M | $78.1M | $78.8M | $83.9M | $78.8M | $83.9M |
| Book value per share | $3.44 | $3.65 | $4.25 | $5.04 | $5.27 | $5.42 | $5.39 | $5.42 | $5.48 | $5.82 | $5.48 | $5.83 |
| Shares outstanding | 14.4M | 14.4M | 14.4M | 14.4M | 14.4M | 14.4M | 14.4M | 14.4M | 14.4M | 14.4M | 14.4M | 14.4M |
| Current ratio | — | 1.11 | 1.51 | 0.42 | 0.23 | 1.66 | 0.12 | 1.66 | 1.46 | 0.71 | 1.46 | 0.71 |
| Quick ratio | — | 1.55 | 1.84 | 0.70 | 0.38 | 0.38 | 0.41 | 0.38 | 0.40 | 0.08 | 0.40 | 0.08 |
| Debt / equity | — | 2.05 | 2.01 | 1.75 | 1.77 | 1.53 | 1.57 | 1.53 | 1.70 | 1.58 | 1.70 | 1.58 |
| Equity / assets | 30.8% | 32.0% | 32.5% | 34.5% | 33.9% | 37.6% | 37.5% | 37.6% | 35.1% | 35.0% | 35.1% | 35.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 31, 2026); data from EODHD.
ICMB financial position
At the end of fiscal 2026 (June 30, 2026), Investcorp Credit Management BDC had total assets of $188.8 million (down 8.7% from a year earlier), total liabilities of $127.5 million and shareholders' equity of $61.3 million. It held $4.6 million in cash and short-term investments against $123.1 million of debt, net debt of $118.5 million. Its current ratio was 1.51.
Related: ICMB income statement, ICMB cash flow statement, ICMB key metrics. See the ICMB stock overview for the latest quote and news.
ICMB balance sheet FAQ
What are Investcorp Credit Management BDC's total assets?
Investcorp Credit Management BDC reported total assets of $188.8 million at the end of fiscal 2026 (June 30, 2026), compared with $206.9 million a year earlier.
How much debt does Investcorp Credit Management BDC have?
Investcorp Credit Management BDC had $123.1 million of total debt at the end of fiscal 2026, including short-term borrowings. Its debt-to-equity ratio was 2.01.
How much cash does Investcorp Credit Management BDC have?
Investcorp Credit Management BDC held $4.6 million in cash and short-term investments at the end of fiscal 2026; with $123.1 million of debt that is net debt of $118.5 million.
What is Investcorp Credit Management BDC's book value?
Investcorp Credit Management BDC's shareholders' equity (book value) was $61.3 million at the end of fiscal 2026, or $4.25 per share.
What is Investcorp Credit Management BDC's current ratio?
Investcorp Credit Management BDC had current assets of $4.6 million and current liabilities of $3.0 million, a current ratio of 1.51 (it can cover its short-term obligations).