Ares Capital (ARCC) Total Debt (2009 - 2026)
Ares Capital's Total Debt came in at $15.77 billion for Q2 2026, up 11.8% from $14.11 billion a year earlier but down 0.5% from the prior quarter.
Powered by 
Analysis
Ares Capital (ARCC) Total Debt (2009 - 2026) Analysis & Trends
At the end of FY2025, Ares Capital's Total Debt was $15.99 billion, up 16.5% from FY2024.
- Total Debt carries a four-year compound annual growth rate of 9.8% (FY2021 to FY2025).
- Going back by year, Total Debt was $13.73 billion in FY2024 (+15.5%), $11.88 billion in FY2023 (-2.7%), $12.21 billion in FY2022 (+10.8%) and $11.02 billion in FY2021.
- The five-year range for quarterly Total Debt is $11.02 billion (Q4 2021) to $15.99 billion (Q4 2025).
- Year-over-year, Total Debt has increased for ten consecutive quarters, with growth averaging 14.8% over the last eight quarters.
- The fastest year-over-year change in Total Debt over five years came in Q1 2025 (growth of 19.0%), and the weakest in Q4 2023 (a decline of 2.7%).
- Business Quant data shows ARCC's Total Debt at $15.85 billion (Q1 2026), $15.99 billion (Q4 2025) and $15.61 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Royalty Pharma | 39.80 Bn | 40.13 Bn | - | 8.59 Bn |
| 2 | Rocket Companies | 38.90 Bn | 27.72 Bn | - | 35.62 Bn |
| 3 | Orix | 38.66 Bn | 9.30 Bn | 13.83 Bn | 38.77 Bn |
| 4 | Federal National Mortgage Association Fannie Mae | 26.46 Bn | -16,107.65 Bn | - | 4,169.25 Bn |
| 5 | Synchrony Financial | 22.47 Bn | -45.15 Bn | - | 8.11 Bn |
| 6 | Affirm Holdings | 22.07 Bn | 15.11 Bn | - | 2.90 Bn |
| 7 | Royal Gold | 21.71 Bn | 20.92 Bn | 402.46 Mn | 146.15 Mn |
| 8 | Ares Capital | 13.84 Bn | 11.59 Bn | - | 13.04 Bn |
| 9 | Annaly Capital Management | 13.83 Bn | 4.86 Bn | - | 38.38 Bn |
| 10 | Federal Home Loan Mortgage | 12.64 Bn | -328.33 Bn | - | 2,989.51 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 13.04 Bn |
| Jun 30, 2026 | 13.87 Bn |
| Mar 31, 2026 | 15.85 Bn |
| Dec 31, 2025 | 17.27 Bn |
| Sep 30, 2025 | 18.02 Bn |
| Jun 30, 2025 | 16.35 Bn |
| Mar 31, 2025 | 15.30 Bn |
| Dec 31, 2024 | 4.73 Bn |
| Sep 30, 2024 | 4.91 Bn |
| Jun 30, 2024 | 4.82 Bn |
| Mar 31, 2024 | 4.81 Bn |
| Dec 31, 2023 | 2.76 Bn |
| Sep 30, 2023 | 12.80 Bn |
| Jun 30, 2023 | 4.99 Bn |
| Mar 31, 2023 | 4.99 Bn |
| Dec 31, 2022 | 2.63 Bn |
| Sep 30, 2022 | 11.82 Bn |
| Jun 30, 2022 | 8.99 Bn |
| Mar 31, 2022 | 8.64 Bn |
| Dec 31, 2021 | 1.92 Bn |
API Access
Ares Capital Total Debt API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=total-debt&ticker=ARCC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-debt", "ticker": "ARCC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=total-debt&ticker=ARCC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();