Barings Private Credit Corp
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Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | |
|---|---|---|---|---|
| Revenue | — | — | — | — |
| Operating income | — | — | — | — |
| Net income | $222.1M | $197.0M | $151.8M | $79.9M |
| Total assets | $5.13B | $3.33B | $2.60B | $2.29B |
| Total liabilities | $2.29B | $1.35B | $1.29B | $1.20B |
| Equity | $2.84B | $1.98B | $1.31B | $1.09B |
| EPS (diluted) | $0.53 | $0.57 | $2.49 | $2.01 |
| Shares out. | 102.0M | 68.7M | 53.3M | 52.9M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- —
- Net margin
- —
- Return on equity
- 7.8%
- Return on assets
- 4.3%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 44.7%
- Debt / equity
- 0.81×
- Book value / share
- $27.87
- Revenue growth (YoY)
- —
- Net income growth (YoY)
- 12.8%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Accruals / assets
- 33.1%high accruals
- Piotroski F-Score
- 1/6weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 2 warning● 1 good- Negative operating cash flow
- High accruals — earnings-quality risk
- Conservative leverage (liabilities < 50% of assets)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Material events
SEC Form 8-K · most recent- Entered a material agreement · New financial obligationMay 27, 2026
- Unregistered equity sale · Regulation FD disclosure · Other material eventMay 21, 2026
- Unregistered equity sale · Regulation FD disclosure · Other material eventApr 20, 2026
- Unregistered equity sale · Regulation FD disclosure · Other material eventMar 23, 2026
- Entered a material agreement · New financial obligationFeb 6, 2026
- Other material eventFeb 2, 2026
- Unregistered equity sale · Regulation FD disclosure · Other material eventJan 21, 2026
- Entered a material agreement · New financial obligationDec 30, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗Event-driven situations (1)
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