Ares Capital (ARCC) Interest Coverage Ratio (2021 - 2026)
Ares Capital's (ARCC) quarterly Interest Coverage Ratio came in at 1.71 in Q2 2026, down 7.88% year-over-year from 1.86 in Q2 2025, and down 9.58% quarter-over-quarter from 1.9 in Q1 2026.
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Analysis
Ares Capital (ARCC) Interest Coverage Ratio (2021 - 2026) Analysis & Trends
Ares Capital (ARCC) has reported Interest Coverage Ratio for 6 consecutive years, with 1.71 the latest figure, recorded in Q2 2026.
- On a quarterly basis, Interest Coverage Ratio fell 7.88% year-over-year to 1.71 in Q2 2026; TTM through Jun 2026 was 1.78, a 8.2% decrease from a year earlier, with the FY2025 full-year figure at 1.84, down 10.94% from the prior year.
- Interest Coverage Ratio was 1.71 for Q2 2026 at Ares Capital, down from 1.9 in the prior quarter.
- Over five years, Interest Coverage Ratio peaked at 2.64 in Q2 2022 and troughed at 1.67 in Q3 2025.
- A 5-year average of 2.12 and a median of 2.05 in 2023 frame the typical range for Interest Coverage Ratio.
- Across the five-year window, Interest Coverage Ratio grew 25.17% in 2022 and retreated 19.98% in 2023, its largest moves.
- Over 5 years, Interest Coverage Ratio stood at 2.6 in 2022, then retreated by 13.37% to 2.25 in 2023, then retreated by 11.77% to 1.99 in 2024, then dropped by 7.36% to 1.84 in 2025, then declined by 6.94% to 1.71 in 2026.
- The last three Interest Coverage Ratio figures came in at 1.71 (Q2 2026), 1.9 (Q1 2026), and 1.84 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Ares Capital | 14.12 Bn | 13.74 Bn | - | 1.71 |
| 2 | Blackstone Secured Lending Fund | 5.63 Bn | 5.37 Bn | - | 1.76 |
| 3 | Blue Owl Capital | 5.49 Bn | 5.25 Bn | - | 1.44 |
| 4 | Main Street Capital | 5.20 Bn | 5.15 Bn | - | 2.56 |
| 5 | Blue Owl Technology Finance | 4.94 Bn | 4.73 Bn | - | 1.28 |
| 6 | Hercules Capital | 4.66 Bn | 4.61 Bn | - | 2.98 |
| 7 | FS KKR Capital | 3.33 Bn | 3.22 Bn | - | - |
| 8 | Golub Capital Bdc | 3.31 Bn | 3.26 Bn | - | 1.40 |
| 9 | PennantPark Floating Rate Capital | 2.49 Bn | -118.08 Mn | - | 0.23 |
| 10 | MidCap Financial Investment | 2.07 Bn | 2.03 Bn | - | 1.21 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.71 |
| Mar 31, 2026 | 1.90 |
| Dec 31, 2025 | 1.84 |
| Sep 30, 2025 | 1.67 |
| Jun 30, 2025 | 1.86 |
| Mar 31, 2025 | 2.00 |
| Dec 31, 2024 | 1.99 |
| Sep 30, 2024 | 1.91 |
| Jun 30, 2024 | 2.29 |
| Mar 31, 2024 | 2.09 |
| Dec 31, 2023 | 2.25 |
| Sep 30, 2023 | 2.01 |
| Jun 30, 2023 | 2.27 |
| Mar 31, 2023 | 2.30 |
| Dec 31, 2022 | 2.60 |
| Sep 30, 2022 | 2.52 |
| Jun 30, 2022 | 2.64 |
| Mar 31, 2022 | 2.27 |
| Dec 31, 2021 | 2.38 |
| Sep 30, 2021 | 2.01 |