Stellus Capital Investment Corporation (SCM) Balance Sheet
SCM balance sheet, 2025
December 31, 2025 · U.S. dollars$1.04B assets = $670.1M liabilities + $371.2M equity
Both columns are drawn to the same scale: what SCM owns equals what it owes plus shareholders’ equity. Hover a block for its value.
SCM financial health
Descriptive bands, not a rating. Fiscal 2025.
SCM balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $379.9M2016 | $1.04B2025 | +11.9%/yr | |
| Total liabilities | $209.0M2016 | $670.1M2025 | +13.8%/yr | |
| Shareholders’ equity | $170.9M2016 | $371.2M2025 | +9.0%/yr | |
| Cash & short-term investments | $9.2M2016 | $25.1M2025 | +11.8%/yr | |
| Total debt | $24.57T2016 | $651.8M2025 | −69.0%/yr | |
| Net cash (debt) | −$24.57T2016 | −$626.8M2025 | +$24.6T | |
| Working capital | −$106.8M2016 | $9.3M2025 | +$116.1M | |
| Book value per share | $13.692016 | $13.092025 | −0.5%/yr | |
| Current ratio | 0.122016 | 1.542025 | +1.42 | |
| Debt / equity | 143,760.752016 | 1.762025 | −143759.00 | |
| Shares outstanding | 12.5M2016 | 28.4M2025 | +9.6%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
SCM assets
SCM liabilities and equity
SCM debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
SCM balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $25.1M | $20.1M | $26.1M | $892.8M | $44.2M | $18.5M | $16.1M | $17.5M | $25.1M | $9.2M |
| Cash & equivalents | $25.1M | $20.1M | $26.1M | $48.0M | $44.2M | $18.5M | $16.1M | $17.5M | $25.1M | $9.2M |
| Short-term investments | $184.2M | — | $26.10B | $844.7M | $536,105 | — | — | $1.67T | $3.39T | $3.40T |
| Receivables | $1.4M | $5.4M | $5.3M | $4.7M | $3.5M | $2.4M | $3.1M | $4.0M | $2.9M | $4.6M |
| Inventory | $0 | $0 | −$42,995 | $52.0M | $0 | $0 | $1 | $0 | $0 | $1 |
| Other current assets | $150,843 | $666,866 | $649,669 | $0 | $0 | $0 | $0 | $0 | $361,270 | $456,218 |
| Total current assets | $26.6M | $26.1M | $32.0M | $896.8M | $47.7M | $20.9M | $19.2M | $21.4M | $28.4M | $14.3M |
| Property, plant & equipment (net) | $0 | $0 | $0 | $0 | −$151,278 | $0 | $0 | $0 | −$1.2M | $0 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $1.01B | $953.5M | $874.5M | $844.7M | $772.9M | $653.4M | $628.9M | $504.5M | $371.8M | $365.6M |
| Other non-current assets | $7.0M | $1.3M | $1.6M | $0 | $829,658 | $577,188 | $368,221 | $363,294 | $1.2M | $0 |
| Total assets | $1.04B | $980.9M | $908.1M | $898.2M | $821.3M | $674.9M | $648.5M | $526.3M | $400.3M | $379.9M |
| Liabilities | ||||||||||
| Accounts payable | $10.0M | $8.9M | $5.2M | $4.6M | $4.9M | $2.1M | $4.5M | $3.7M | $2.8M | $2.4M |
| Short-term debt | $122.67B | $99.44B | $99.00B | $98.5M | $98.10B | $48.31B | $47.97T | $47.64T | $47.31T | $24.57T |
| Deferred revenue | $582.0M | $548.6M | $397.7M | $320,675 | $529.7M | $523.4M | $559.77B | $410.59B | $139,304 | $19,955 |
| Total current liabilities | $17.3M | $8.9M | $5.2M | $100.0M | $4.9M | $2.1M | $4.5M | $8.7M | $44.9M | $121.1M |
| Long-term debt | $651.8M | $593.0M | $575.8M | $604.1M | $518.2M | $393.2M | $366.0M | $292.3M | $174.5M | $203.1M |
| Other long-term liabilities | $954,303 | $9.0M | $7.1M | $0 | $2 | $0 | $0 | $478,542 | $132.57T | $184.41T |
| Total liabilities | $670.1M | $611.0M | $588.1M | $622.4M | $536.2M | $401.5M | $377.9M | $301.4M | $180.0M | $209.0M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $28,947 | $27,481 | $24,125 | $19,667 | $19,518 | $19,486 | $19,132 | $15,954 | $15,946 | $12,480 |
| Retained earnings (deficit) | −$26.7M | −$9.7M | −$16.0M | $642,226 | $10.5M | −$2.7M | −$1.6M | $5.8M | −$435,794 | −$435,794 |
| Accumulated other comprehensive income | — | — | $0 | $0 | $0 | $0 | $0 | $1.7M | −$10.8M | −$13.1M |
| Total shareholders' equity | $371.2M | $369.9M | $319.9M | $275.8M | $285.1M | $273.4M | $270.6M | $224.8M | $220.2M | $170.9M |
| Key figures | ||||||||||
| Total debt | $651.8M | $593.0M | $575.8M | $702.7M | $98.62B | $48.70B | $47.97T | $47.64T | $47.31T | $24.57T |
| Net cash (debt) | −$626.8M | −$573.0M | −$549.7M | $190.1M | −$98.58B | −$48.68B | −$47.97T | −$47.64T | −$47.31T | −$24.57T |
| Working capital | $9.3M | $17.2M | $26.8M | $796.7M | $42.8M | $18.8M | $14.7M | $12.7M | −$16.5M | −$106.8M |
| Tangible book value | $371.2M | $369.9M | $319.9M | $275.8M | $285.1M | $273.4M | $270.6M | $224.8M | $220.2M | $170.9M |
| Book value per share | $13.09 | $14.45 | $14.54 | $14.10 | $14.63 | $14.04 | $14.80 | $14.09 | $14.81 | $13.69 |
| Shares outstanding | 28.4M | 25.6M | 22.0M | 19.6M | 19.5M | 19.5M | 18.3M | 16.0M | 14.9M | 12.5M |
| Current ratio | 1.54 | 2.92 | 6.11 | 8.96 | 9.81 | 9.75 | 4.28 | 2.47 | 0.63 | 0.12 |
| Quick ratio | 1.53 | 2.84 | 6.00 | 8.97 | 9.81 | 9.75 | 4.28 | 2.47 | 0.63 | 0.11 |
| Debt / equity | 1.76 | 1.60 | 1.80 | 2.55 | 345.90 | 178.16 | 177,308.50 | 211,888.58 | 214,788.90 | 143,760.75 |
| Equity / assets | 35.6% | 37.7% | 35.2% | 30.7% | 34.7% | 40.5% | 41.7% | 42.7% | 55.0% | 45.0% |
| 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 | $5.1M | $3.4M | $25.1M | $9.0M | $40.0M | $10.9M | $20.1M | $38.6M | $35.9M | $48.8M | $26.1M | $19.21T |
| Cash & equivalents | $5.1M | $3.4M | $25.1M | $9.0M | $40.0M | $10.9M | $20.1M | $38.6M | $35.9M | $48.8M | $26.1M | $19.2M |
| Short-term investments | — | $155.6M | — | $197.2M | $156.6M | — | — | $38.58T | — | — | — | $19.21T |
| Receivables | $8.2M | $6.8M | $1.4M | $7.6M | $6.3M | $6.8M | $5.4M | $6.34T | $8.4M | $7.3M | $5.3M | $6.3M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$44.92T | $0 | $1 | $33.0M | $5.66T |
| Other current assets | $532,821 | $0 | $150,843 | $281,634 | $447,891 | $576,553 | $666,866 | $38.58T | $412,737 | $585,417 | $0 | $0 |
| Total current assets | $13.9M | $4.0M | $26.6M | $16.9M | $46.7M | $18.2M | $26.1M | $44.9M | $44.7M | $56.7M | $32.0M | $24.87T |
| 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 | $968.2M | $990.0M | $1.01B | $1.01B | $985.9M | $991.1M | $953.5M | $908.7M | $899.7M | $875.9M | $874.5M | $886.3M |
| Other non-current assets | $0 | $7.3M | $7.0M | $1.5M | $2.2M | $2.4M | $1.3M | $3.4M | $2.2M | $2.7M | $1.6M | $0 |
| Total assets | $982.1M | $1.00B | $1.04B | $1.03B | $1.03B | $1.01B | $980.9M | $957.1M | $946.5M | $935.2M | $908.1M | $912.0M |
| Liabilities | ||||||||||||
| Accounts payable | $8.8M | $9.0M | $10.0M | $9.8M | $10.3M | $5.2M | $8.9M | $4.9M | $8.7M | $4.7M | $5.2M | $4.5M |
| Short-term debt | — | $122.76T | $122.67B | $172.52T | $172.31T | $99.55T | $0 | $99.33T | $99.22T | $99.11T | $4.8M | $98.88T |
| Deferred revenue | $496,577 | $539.63B | $582.0M | $640.64B | $676.29B | $620.80B | — | $550.35B | $572.24B | $412,314 | $397,725 | $343.21B |
| Total current liabilities | $14.7M | $18.8M | $17.3M | $9.8M | $10.3M | $5.2M | $8.9M | $99.9M | $8.7M | $4.7M | $5.2M | $100.34T |
| Long-term debt | $0 | $0 | $651.8M | $632.3M | $638.3M | $623.8M | $593.0M | $575.0M | $0 | $0 | $0 | $580.0M |
| Other long-term liabilities | $600.5M | $619.5M | $954,303 | $8.8M | $10.8M | $9.9M | $9.0M | $0 | $590.6M | $607.1M | $582.9M | $493.48T |
| Total liabilities | $615.2M | $638.3M | $670.1M | $650.9M | $659.4M | $639.0M | $611.0M | $590.8M | $599.3M | $611.8M | $588.1M | $593.8M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $28,673 | $28,947 | $28,947 | $28,947 | $28,416 | $28,137 | $27,481 | $27,039 | $25,981 | $24,125 | $24,125 | $24,125 |
| Retained earnings (deficit) | −$28.5M | −$34.9M | −$26.7M | −$21.7M | −$17.0M | −$15.7M | −$9.7M | −$9.2M | −$14.0M | −$12.5M | −$16.0M | −$19.2M |
| Accumulated other comprehensive income | — | — | — | — | $0 | — | — | — | $0 | $0 | $0 | $0 |
| Total shareholders' equity | $367.0M | $363.0M | $371.2M | $377.7M | $375.4M | $372.8M | $369.9M | $366.3M | $347.2M | $323.4M | $319.9M | $318.1M |
| Key figures | ||||||||||||
| Total debt | $599.4M | $618.2M | $651.8M | $632.3M | $638.3M | $623.8M | $593.0M | $420.4M | $586.4M | $601.0M | $575.8M | $98.88T |
| Net cash (debt) | −$594.3M | −$614.8M | −$626.8M | −$623.3M | −$598.3M | −$612.9M | −$573.0M | −$381.8M | −$550.6M | −$552.3M | −$549.7M | −$79.67T |
| Working capital | −$797,731 | −$14.9M | $9.3M | $7.1M | $36.4M | $13.0M | $17.2M | −$55.0M | $35.9M | $51.9M | $26.8M | −$75.47T |
| Tangible book value | $367.0M | $363.0M | $371.2M | $377.7M | $375.4M | $372.8M | $369.9M | $366.3M | $347.2M | $323.4M | $319.9M | $318.1M |
| Book value per share | $12.71 | $12.54 | $13.09 | $13.26 | $13.21 | $13.50 | $14.45 | $13.91 | $14.04 | $13.41 | $13.26 | $13.94 |
| Shares outstanding | 28.9M | 28.9M | 28.4M | 28.5M | 28.4M | 27.6M | 25.6M | 26.3M | 24.7M | 24.1M | 24.1M | 22.8M |
| Current ratio | 0.95 | 0.21 | 1.54 | 1.73 | 4.53 | 3.48 | 2.92 | 0.45 | 5.13 | 12.03 | 6.11 | 0.25 |
| Quick ratio | 0.91 | 0.54 | 1.53 | 1.70 | 4.49 | 3.37 | 2.84 | 63,477.11 | 5.08 | 11.91 | 6.00 | 0.19 |
| Debt / equity | 1.63 | 1.70 | 1.76 | 1.67 | 1.70 | 1.67 | 1.60 | 1.15 | 1.69 | 1.86 | 1.80 | 310,834.27 |
| Equity / assets | 37.4% | 36.3% | 35.6% | 36.7% | 36.3% | 36.8% | 37.7% | 38.3% | 36.7% | 34.6% | 35.2% | 34.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 11, 2026); data from EODHD.
SCM financial position
At the end of fiscal 2025 (December 31, 2025), Stellus Capital Investment had total assets of $1.0 billion (up 6.2% from a year earlier), total liabilities of $670.1 million and shareholders' equity of $371.2 million. It held $25.1 million in cash and short-term investments against $651.8 million of debt, net debt of $626.8 million. Its current ratio was 1.54. In the latest quarter (ended June 30, 2026) total assets were $982.1 million and equity $367.0 million.
Related: SCM income statement, SCM cash flow statement, SCM key metrics. See the SCM stock overview for the latest quote and news.
SCM balance sheet FAQ
What are Stellus Capital Investment's total assets?
Stellus Capital Investment reported total assets of $1.0 billion at the end of fiscal 2025 (December 31, 2025), compared with $980.9 million a year earlier.
How much debt does Stellus Capital Investment have?
Stellus Capital Investment had $651.8 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 1.76.
How much cash does Stellus Capital Investment have?
Stellus Capital Investment held $25.1 million in cash and short-term investments at the end of fiscal 2025; with $651.8 million of debt that is net debt of $626.8 million.
What is Stellus Capital Investment's book value?
Stellus Capital Investment's shareholders' equity (book value) was $371.2 million at the end of fiscal 2025, or $13.09 per share.
What is Stellus Capital Investment's current ratio?
Stellus Capital Investment had current assets of $26.6 million and current liabilities of $17.3 million, a current ratio of 1.54 (it can cover its short-term obligations).