Ares Dynamic Credit Allocation Fund, Inc.

Ares Dynamic Credit Allocation Fund, Inc.verified

ARDC

Price:

$15.27

Market Cap:

$349.91M

Ares Dynamic Credit Allocation Fund, Inc. is a closed-ended fixed income mutual fund launched by Ares Management LLC. The fund is managed by Ares Capital Management II LLC. It invests in the fixed income markets of Europe. The fund primarily invests in debt instruments such as senior loans made primarily to companies whose debt is rated below investment grade, corporate bonds that are primarily high yield issues rated below investment grade, debt securities issued by CLOs, and other fixed-income instruments. It focuses on such factors as the overall macroeconomic environment, financial markets, and company specific research and analysis, to create its portfolio. Ares Dynamic Credit Allocatio...[Read more]

Industry

Asset Management

IPO Date

2012-11-28

Stock Exchange

NYSE

Ticker

ARDC

The Current Ratio as of November 2024 (TTM) for Ares Dynamic Credit Allocation Fund, Inc. (ARDC) is 0

According to Ares Dynamic Credit Allocation Fund, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 0. This represents a change of -100.00% compared to the average of 0.37 of the last 4 quarters.

Ares Dynamic Credit Allocation Fund, Inc. (ARDC) Historical Current Ratio (quarterly & annually)

How has ARDC Current Ratio performed in the past?

The mean historical Current Ratio of Ares Dynamic Credit Allocation Fund, Inc. over the last ten years is 0.66. The current 0 Current Ratio has changed -100.00% with respect to the historical average. Over the past ten years (40 quarters), ARDC's Current Ratio was at its highest in in the June 2022 quarter at 3.10. The Current Ratio was at its lowest in in the December 2023 quarter at 0.

Quarterly (TTM)
Annual

Average

0.66

Median

0.83

Minimum

0

Maximum

1.07

Ares Dynamic Credit Allocation Fund, Inc. (ARDC) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Ares Dynamic Credit Allocation Fund, Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = Infinity%

Maximum Annual Current Ratio = 1.07

Minimum Annual Increase = -100.00%

Minimum Annual Current Ratio = 0

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230-100.00%
20220.8622.85%
20210.70-22.06%
20200.90-16.02%
20191.0735.38%
20180.79-17.71%
20170.96Infinity%

Ares Dynamic Credit Allocation Fund, Inc. (ARDC) Average Current Ratio

How has ARDC Current Ratio performed in the past?

The current Current Ratio of Ares Dynamic Credit Allocation Fund, Inc. (ARDC) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

0.52

5-year avg

0.71

10-year avg

0.66

Ares Dynamic Credit Allocation Fund, Inc. (ARDC) Current Ratio vs. Peers

How is ARDC’s Current Ratio compared to its peers?

Ares Dynamic Credit Allocation Fund, Inc.’s Current Ratio is less than Virtus Convertible & Income 2024 Target Term Fund (0), less than Eaton Vance Floating-Rate Income Trust (2.04), less than NXG NextGen Infrastructure Income Fund (1.03), less than GAMCO Natural Resources, Gold & Income Trust (0), less than MFS Investment Grade Municipal Trust (0), less than Eaton Vance Senior Income Trust (3.11), less than BlackRock Floating Rate Income Strategies Fund, Inc. (0.27), less than Calamos Long/Short Equity & Dynamic Income Term Trust (0.57), less than Eaton Vance Tax-Managed Buy-Write Income Fund (1.24), less than Nuveen Preferred and Income Fund (0.29), less than Calamos Global Dynamic Income Fund (2.30), less than Calamos Global Total Return Fund (0), less than DTF Tax-Free Income 2028 Term Fund Inc. (0), less than The Gabelli Global Small and Mid Cap Value Trust (1.46), less than null (0),

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