Barings Corporate Investors (MCI) Balance Sheet
MCI balance sheet, 2025
December 31, 2025 · U.S. dollars$431.2M assets = $89.9M liabilities + $341.3M equity
Both columns are drawn to the same scale: what MCI owns equals what it owes plus shareholders’ equity. Hover a block for its value.
MCI financial health
Descriptive bands, not a rating. Fiscal 2025.
MCI balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $321.9M2016 | $431.2M2025 | +3.3%/yr | |
| Total liabilities | $40.4M2016 | $89.9M2025 | +9.3%/yr | |
| Shareholders’ equity | $281.6M2016 | $341.3M2025 | +2.2%/yr | |
| Cash & short-term investments | $14.3M2016 | $32.1M2025 | +9.4%/yr | |
| Total debt | $30.0M2016 | $74.7M2025 | +10.7%/yr | |
| Net cash (debt) | −$15.7M2016 | −$42.6M2025 | −$26.9M | |
| Working capital | $8.6M2016 | $17.4M2025 | +$8.8M | |
| Book value per share | $14.232016 | $16.672025 | +1.8%/yr | |
| Current ratio | 1.922016 | 2.192025 | +0.26 | |
| Debt / equity | 0.112016 | 0.222025 | +0.11 | |
| Shares outstanding | 19.8M2016 | 20.5M2025 | +0.4%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
MCI assets
MCI liabilities and equity
MCI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
MCI balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $32.1M | $17.2M | $14.9M | $13.2M | $21.2M | $29.9M | $24.1M | $27.1M | $7.2M | $14.3M |
| Cash & equivalents | $32.1M | $17.2M | $14.9M | $13.2M | $21.2M | $29.9M | $24.1M | $27.1M | $7.2M | $14.3M |
| Receivables | $0 | $10.1M | $5.9M | $5.5M | $3.9M | $2.5M | $2.1M | $2.4M | $2.9M | $3.7M |
| Inventory | $0 | $0 | $1 | $0 | $0 | −$1 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $595,323 | $0 | $0 | $1 | $0 | $0 | $0 | $0 |
| Total current assets | $32.1M | $27.3M | $21.4M | $18.7M | $25.1M | $32.3M | $26.2M | $29.6M | $10.2M | $18.0M |
| 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 | $392.9M | $378.7M | $372.2M | $367.1M | $361.6M | $309.3M | $320.6M | $300.7M | $336.5M | $46.2M |
| Other non-current assets | $6.2M | $260,664 | $330,431 | $228,368 | $425,662 | $2.4M | $2,612 | $2,567 | $25,816 | $257.7M |
| Total assets | $431.2M | $406.2M | $393.9M | $386.1M | $387.1M | $344.0M | $346.8M | $330.3M | $346.7M | $321.9M |
| Liabilities | ||||||||||
| Accounts payable | $12.9M | $13.7M | $7.9M | $5.9M | $6.8M | $2.9M | $186,229 | $6.2M | $6.1M | — |
| Total current liabilities | $14.7M | $13.7M | $7.9M | $5.9M | $6.8M | $7.9M | $6.4M | $6.2M | $11.6M | $9.4M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $30.0M | $30.0M | $30.0M | $30.0M |
| Other long-term liabilities | $75.2M | $48.9M | $42.3M | $48.6M | $42.2M | $30.0M | $0 | $0 | $1.5M | $1.0M |
| Total liabilities | $89.9M | $62.7M | $54.1M | $54.4M | $49.1M | $39.3M | $38.5M | $39.0M | $43.2M | $40.4M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $20.5M | $20.4M | $20.3M | $20.3M | $20.3M | $20.3M | $20.2M | $20.1M | $19.9M | $19.8M |
| Retained earnings (deficit) | $40.7M | $44.7M | $42.6M | $33.5M | $39.1M | $11.9M | $15.9M | $427,476 | $173.9M | $150.7M |
| Accumulated other comprehensive income | — | $0 | $0 | $0 | $0 | $0 | — | $0 | $0 | $90 |
| Total shareholders' equity | $341.3M | $343.6M | $339.8M | $331.6M | $338.0M | $304.7M | $308.2M | $291.2M | $303.5M | $281.6M |
| Key figures | ||||||||||
| Total debt | $74.7M | $45.9M | $42.3M | $46.0M | $38.0M | $30.0M | $30.0M | $30.0M | $30.0M | $30.0M |
| Net cash (debt) | −$42.6M | −$28.6M | −$27.4M | −$32.8M | −$16.8M | −$148,376 | −$5.9M | −$2.9M | −$22.8M | −$15.7M |
| Working capital | $17.4M | $13.6M | $13.5M | $12.8M | $18.2M | $24.4M | $19.8M | $23.4M | −$1.5M | $8.6M |
| Tangible book value | $341.3M | $343.6M | $339.8M | $331.6M | $338.0M | $304.7M | $308.2M | $291.2M | $303.5M | $281.6M |
| Book value per share | $16.67 | $16.90 | $16.73 | $16.51 | $16.64 | $15.10 | $15.25 | $14.58 | $15.25 | $14.23 |
| Shares outstanding | 20.5M | 20.3M | 20.3M | 20.1M | 20.3M | 20.2M | 20.2M | 20.0M | 19.9M | 19.8M |
| Current ratio | 2.19 | 1.99 | 2.71 | 3.19 | 3.68 | 4.09 | 4.10 | 4.80 | 0.87 | 1.92 |
| Quick ratio | 2.19 | 1.99 | 2.63 | 3.19 | 3.68 | 4.09 | 4.10 | 4.80 | 0.87 | 1.92 |
| Debt / equity | 0.22 | 0.13 | 0.12 | 0.14 | 0.11 | 0.10 | 0.10 | 0.10 | 0.10 | 0.11 |
| Equity / assets | 79.1% | 84.6% | 86.3% | 85.9% | 87.3% | 88.6% | 88.9% | 88.2% | 87.5% | 87.5% |
| 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 | $12.3M | $12.3M | $32.1M | $32.1M | $11.8M | $11.8M | $17.2M | $17.2M | $11.9M | $11.9M | $14.9M | $9.7M |
| Cash & equivalents | $12.3M | $12.3M | $32.1M | $32.1M | $11.8M | $11.8M | $17.2M | $17.2M | $11.9M | $11.9M | $14.9M | $9.7M |
| Receivables | $6.4M | $6.4M | $0 | $5.8M | $5.2M | $5.2M | $10.1M | $10.1M | $10.5M | $10.5M | $5.9M | $6.2M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $595,323 | $0 |
| Total current assets | $18.7M | $18.7M | $32.1M | $38.0M | $17.0M | $17.0M | $27.3M | $27.3M | $22.4M | $22.4M | $21.4M | $15.9M |
| 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 | $0 | $0 | $392.9M | $0 | $383.1M | $0 | $378.7M | $0 | $359.6M | $0 | $372.2M | $0 |
| Other non-current assets | $414.7M | $414.7M | $6.2M | $393.3M | $424,932 | $383.6M | $261,404 | $379.0M | $537,058 | $360.1M | $330,431 | $372.3M |
| Total assets | $433.4M | $433.4M | $431.2M | $431.2M | $400.5M | $400.5M | $406.2M | $406.2M | $382.5M | $382.5M | $393.9M | $388.2M |
| Liabilities | ||||||||||||
| Accounts payable | $1.3M | $1.3M | $12.9M | $4.3M | $320,954 | — | $13.7M | $3.2M | $132,375 | — | $7.9M | — |
| Total current liabilities | $3.1M | $3.1M | $14.7M | $15.0M | $320,954 | $1.7M | $16.4M | $16.4M | $1.5M | $1.5M | $7.9M | $1.5M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $74.7M | $74.7M | $75.2M | $74.9M | $50.2M | $48.8M | $46.3M | $46.3M | $30.9M | $30.9M | $42.3M | $40.8M |
| Total liabilities | $77.9M | $77.9M | $89.9M | $89.9M | $50.5M | $50.5M | $62.7M | $62.7M | $32.4M | $32.4M | $54.1M | $42.2M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $20.6M | $20.6M | $20.5M | $20.5M | $20.5M | $20.5M | $20.4M | $20.4M | $20.3M | $20.3M | $20.3M | $20.3M |
| Retained earnings (deficit) | $53.8M | $53.8M | $40.7M | $40.7M | $49.8M | $49.8M | $44.7M | $44.7M | $51.6M | $51.6M | $42.6M | $47.8M |
| Accumulated other comprehensive income | — | — | — | — | — | — | $0 | $0 | $0 | $0 | $0 | $0 |
| Total shareholders' equity | $355.5M | $355.5M | $341.3M | $341.3M | $350.0M | $350.0M | $343.6M | $343.6M | $350.1M | $350.1M | $339.8M | $345.9M |
| Key figures | ||||||||||||
| Total debt | $74.7M | $74.7M | $74.7M | $74.7M | $48.4M | $48.4M | $45.9M | $45.9M | $30.0M | $30.0M | $42.3M | $40.0M |
| Net cash (debt) | −$62.5M | −$62.5M | −$42.6M | −$42.6M | −$36.6M | −$36.6M | −$28.6M | −$28.6M | −$18.1M | −$18.1M | −$27.4M | −$30.3M |
| Working capital | $15.6M | $15.6M | $17.4M | $22.9M | $16.7M | $15.3M | $10.9M | $10.9M | $20.9M | $20.9M | $13.5M | $14.4M |
| Tangible book value | $355.5M | $355.5M | $341.3M | $341.3M | $350.0M | $350.0M | $343.6M | $343.6M | $350.1M | $350.1M | $339.8M | $345.9M |
| Book value per share | $17.27 | $17.27 | $16.63 | $16.63 | $17.10 | $17.10 | $16.84 | $16.84 | $17.22 | $17.22 | $16.77 | $17.07 |
| Shares outstanding | 20.6M | 20.6M | 20.5M | 20.5M | 20.5M | 20.5M | 20.4M | 20.4M | 20.3M | 20.3M | 20.3M | 20.3M |
| Current ratio | 5.97 | 5.97 | 2.19 | 2.52 | 52.90 | 10.04 | 1.67 | 1.67 | 15.27 | 15.27 | 2.71 | 10.68 |
| Quick ratio | 5.97 | 5.97 | 2.19 | 2.52 | 52.90 | 10.04 | 1.67 | 1.67 | 15.27 | 15.27 | 2.63 | 10.68 |
| Debt / equity | 0.21 | 0.21 | 0.22 | 0.22 | 0.14 | 0.14 | 0.13 | 0.13 | 0.09 | 0.09 | 0.12 | 0.12 |
| Equity / assets | 82.0% | 82.0% | 79.1% | 79.1% | 87.4% | 87.4% | 84.6% | 84.6% | 91.5% | 91.5% | 86.3% | 89.1% |
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.
MCI financial position
At the end of fiscal 2025 (December 31, 2025), Barings Corporate Investors had total assets of $431.2 million (up 6.1% from a year earlier), total liabilities of $89.9 million and shareholders' equity of $341.3 million. It held $32.1 million in cash and short-term investments against $74.7 million of debt, net debt of $42.6 million. Its current ratio was 2.19. In the latest quarter (ended June 30, 2026) total assets were $433.4 million and equity $355.5 million.
Related: MCI income statement, MCI cash flow statement, MCI key metrics. See the MCI stock overview for the latest quote and news.
MCI balance sheet FAQ
What are Barings Corporate Investors's total assets?
Barings Corporate Investors reported total assets of $431.2 million at the end of fiscal 2025 (December 31, 2025), compared with $406.2 million a year earlier.
How much debt does Barings Corporate Investors have?
Barings Corporate Investors had $74.7 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.22.
How much cash does Barings Corporate Investors have?
Barings Corporate Investors held $32.1 million in cash and short-term investments at the end of fiscal 2025; with $74.7 million of debt that is net debt of $42.6 million.
What is Barings Corporate Investors's book value?
Barings Corporate Investors's shareholders' equity (book value) was $341.3 million at the end of fiscal 2025, or $16.67 per share.
What is Barings Corporate Investors's current ratio?
Barings Corporate Investors had current assets of $32.1 million and current liabilities of $14.7 million, a current ratio of 2.19 (it can cover its short-term obligations).