Kayne Anderson BDC Inc Financials
Financial Health Signals
Kayne Anderson BDC Inc passes 2 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).
For every $1 of reported earnings, Kayne Anderson BDC Inc generates $-4.13 in operating cash flow (-$544.5M OCF vs $131.9M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Kayne Anderson BDC Inc earns $-1.4 in operating income for every $1 of interest expense (-$83.8M vs $61.5M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
This page shows Kayne Anderson BDC Inc (KBDC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Kayne Anderson BDC Inc reported $131.9M in net income in fiscal year 2024. This represents an increase of 71.2% from the prior year.
Kayne Anderson BDC Inc earned $2.03 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 6.0% from the prior year.
Kayne Anderson BDC Inc held $22.4M in cash against $0 in long-term debt as of fiscal year 2024.
Kayne Anderson BDC Inc paid $1.70 per share in dividends in fiscal year 2024. This represents a decrease of 17.5% from the prior year.
Kayne Anderson BDC Inc had 71M shares outstanding in fiscal year 2024. This represents an increase of 70.8% from the prior year.
Kayne Anderson BDC Inc's ROE was 11.1% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 0.2 percentage points from the prior year.
Kayne Anderson BDC Inc spent $1.5M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
KBDC Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | -$31.3M-9.6% | -$28.6M-7.9% | -$26.5M-27.6% | -$20.8M-15.0% | -$18.1M+20.4% | -$22.7M | N/A | -$19.8M |
| Interest Expense | $20.2M+9.9% | $18.4M+7.4% | $17.1M+6.6% | $16.1M+21.4% | $13.2M-15.4% | $15.7M | N/A | $13.9M |
| Income Tax | $428K+34.6% | $318K-45.3% | $581K | N/A | N/A | N/A | N/A | N/A |
| Net Income | $24.6M-1.2% | $24.9M+12.1% | $22.2M-40.8% | $37.6M+20.4% | $31.2M+12.3% | $27.8M | N/A | $13.9M |
| EPS (Diluted) | $0.43+7.5% | $0.400.0% | $0.40-23.1% | $0.52+2.0% | $0.51-1.9% | $0.52 | N/A | $0.53 |
KBDC Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.3B+3.6% | $2.3B+1.1% | $2.2B+7.1% | $2.1B+9.0% | $1.9B+3.5% | $1.8B+29.6% | $1.4B+7.8% | $1.3B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $16.4M+17.0% | $14.0M-19.4% | $17.4M-22.4% | $22.4M+10.4% | $20.3M-39.3% | $33.4M-1.9% | $34.1M+175.1% | $12.4M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $1.2B+9.0% | $1.1B+4.2% | $1.1B+17.6% | $896.3M+22.5% | $731.7M-29.2% | $1.0B+39.5% | $740.6M+15.7% | $639.9M |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $1.1B-1.5% | $1.2B-1.6% | $1.2B-0.8% | $1.2B+0.7% | $1.2B+45.2% | $811.6M+18.8% | $683.1M+0.3% | $680.7M |
| Retained Earnings | $6.7M-33.2% | $10.0M-51.1% | $20.4M-39.6% | $33.9M+41.2% | $24.0M+12.9% | $21.3M+63.3% | $13.0M+6.9% | $12.2M |
KBDC Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$53.7M-2306.1% | $2.4M+101.9% | -$127.2M-159.3% | -$49.1M+82.9% | -$286.8M-215.0% | -$91.0M-69.4% | -$53.8M-351.8% | $21.3M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | $56.1M+1065.5% | -$5.8M-104.8% | $122.2M+277.6% | $32.4M-88.2% | $273.6M+202.7% | $90.4M+19.8% | $75.4M+444.8% | -$21.9M |
| Dividends Paid | N/A | N/A | $31.5M | N/A | N/A | $20.5M | N/A | N/A |
| Share Buybacks | N/A | N/A | $384K-8.1% | $418K | N/A | N/A | N/A | N/A |
KBDC Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | 2.2%+0.0pp | 2.1%+0.3pp | 1.9%-1.3pp | 3.2%+0.5pp | 2.6%-0.8pp | 3.4% | N/A | 2.0% |
| Return on Assets | 1.1%-0.0pp | 1.1%+0.1pp | 1.0%-0.8pp | 1.8%+0.2pp | 1.6%+0.1pp | 1.5% | N/A | 1.1% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 1.05+0.1 | 0.95+0.1 | 0.90+0.1 | 0.76+0.1 | 0.62-0.7 | 1.27+0.2 | 1.08+0.1 | 0.94 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
Is Kayne Anderson BDC Inc profitable?
Yes, Kayne Anderson BDC Inc (KBDC) reported a net income of $131.9M in fiscal year 2024.
What is Kayne Anderson BDC Inc's earnings per share (EPS)?
Kayne Anderson BDC Inc (KBDC) reported diluted earnings per share of $2.03 for fiscal year 2024. This represents a -6.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
Does Kayne Anderson BDC Inc pay dividends?
Yes, Kayne Anderson BDC Inc (KBDC) paid $1.70 per share in dividends during fiscal year 2024.
What is Kayne Anderson BDC Inc's return on equity (ROE)?
Kayne Anderson BDC Inc (KBDC) has a return on equity of 11.1% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Kayne Anderson BDC Inc's operating cash flow?
Kayne Anderson BDC Inc (KBDC) generated -$544.5M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Kayne Anderson BDC Inc's total assets?
Kayne Anderson BDC Inc (KBDC) had $2.1B in total assets as of fiscal year 2024, including both current and long-term assets.
Does Kayne Anderson BDC Inc buy back shares?
Yes, Kayne Anderson BDC Inc (KBDC) spent $1.5M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Kayne Anderson BDC Inc have outstanding?
Kayne Anderson BDC Inc (KBDC) had 71M shares outstanding as of fiscal year 2024.
What is Kayne Anderson BDC Inc's debt-to-equity ratio?
Kayne Anderson BDC Inc (KBDC) had a debt-to-equity ratio of 0.76 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Kayne Anderson BDC Inc's return on assets (ROA)?
Kayne Anderson BDC Inc (KBDC) had a return on assets of 6.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Kayne Anderson BDC Inc's cash runway?
Based on fiscal year 2024 data, Kayne Anderson BDC Inc (KBDC) had $22.4M in cash against an annual operating cash burn of $544.5M. This gives an estimated cash runway of approximately 0 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Kayne Anderson BDC Inc's Piotroski F-Score?
Kayne Anderson BDC Inc (KBDC) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Kayne Anderson BDC Inc's earnings high quality?
Kayne Anderson BDC Inc (KBDC) has an earnings quality ratio of -4.13x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Kayne Anderson BDC Inc cover its interest payments?
Kayne Anderson BDC Inc (KBDC) has an interest coverage ratio of -1.4x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.