MidCap Financial Investment (MFIC) Balance Sheet: Assets & Liabilities

MidCap Financial Investment (MFIC) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), MidCap Financial Investment reported total assets of $3.32B and total liabilities of $2.02B. Shareholders' equity was $1.31B, down 6.9% from $1.40B a year earlier. Total debt stood at $2.12B against $99.45M in cash and short-term investments, a net debt position of $2.02B. That puts debt-to-equity at 1.62, compared with 1.50 a year earlier.

MidCap Financial Investment Balance Sheet Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for MidCap Financial Investment Corporation (MFIC) - Annual data in billions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2021	FY 2020	FY 2019	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Mar 2022	Dec 2021	Mar 2021	Mar 2020	Mar 2019	Mar 2018
Current Assets
Cash and Cash Equivalents	0.10	0.08	0.12	0.03	0.03	0.03	0.05	0.04	0.02
Cash & Short-Term Investments	0.10	0.08	0.12	0.03	0.05	0.03	0.05	0.04	0.02
Accounts Receivable	0.03	0.08	0.03	0.03	0.02	0.03	0.02	0.03	0.03
Inventory	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00	0.00
Other Current Assets	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Current Assets	0.13	0.15	0.15	0.06	0.07	0.06	0.07	0.07	0.04
Non-Current Assets
Property, Plant & Equipment (Net)	0.00	0.00	0.00	0.00	-	0.00	0.00	0.00	0.00
Long-Term Investments	3.17	3.01	0.00	2.52	2.45	0.00	0.55	0.53	2.25
Other Non-Current Assets	0.03	3.04	2.35	0.01	-	2.54	1.92	2.27	-2.25
Total Non-Current Assets	3.19	3.04	2.35	2.41	-	2.54	2.47	2.80	2.25
Total Assets	3.32	3.19	2.50	2.60	2.67	2.60	2.54	2.87	2.31
Current Liabilities
Accounts Payable	0.01	0.02	0.01	0.03	-	0.03	0.03	0.03	0.08
Short-Term Debt	0.13	0.35	0.00	0.00	-	0.00	0.00	0.00	0.00
Current Portion of Long-Term Debt	-	0.35	-	-	-	-	-	-	-
Accrued Liabilities	0.01	0.01	0.02	0.00	0.05	-	-	-	-
Other Current Liabilities	-0.01	0.00	0.00	0.02	0.02	0.00	0.00	0.00	-0.16
Total Current Liabilities	0.13	0.38	0.01	0.04	0.04	0.03	0.03	0.03	0.08
Non-Current Liabilities
Long-Term Debt	2.00	1.75	1.46	1.55	1.59	1.55	1.47	1.79	0.79
Other Non-Current Liabilities	0.02	0.01	0.02	0.01	0.01	0.02	0.02	0.02	-0.79
Total Non-Current Liabilities	1.89	1.77	1.48	1.49	-	1.57	1.48	1.81	0.79
Total Liabilities	2.02	1.79	1.50	1.60	1.64	1.60	1.51	1.85	0.89
Stockholders' Equity
Common Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Retained Earnings	-1.35	-1.25	-1.10	-1.07	-1.06	-1.07	-1.06	-1.08	-0.01
Additional Paid-in Capital	2.65	2.66	2.10	2.08	-	2.08	2.10	2.10	1.43
Shares Outstanding	0.09	0.09	0.07	0.06	-	0.07	-	-	-
Total Stockholders' Equity	1.31	1.40	1.01	1.00	1.02	1.00	1.04	1.02	1.42
Total Liabilities & Equity	3.32	3.19	2.50	2.60	-	2.60	2.54	2.87	2.31

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About MidCap Financial Investment Balance Sheet

How much debt does MidCap Financial Investment have?

MidCap Financial Investment had total debt of $2.12B as of Dec 31, 2025, against $99.45M in cash and short-term investments. Its debt-to-equity ratio was 1.62. Total debt was $2.10B a year earlier.

What are MidCap Financial Investment's total assets?

MidCap Financial Investment reported total assets of $3.32B as of Dec 31, 2025, up 4.2% from $3.19B a year earlier. Total liabilities were $2.02B.

What is MidCap Financial Investment's shareholders' equity?

MidCap Financial Investment's shareholders' equity was $1.31B as of Dec 31, 2025, or about $14.18 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition