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Equus Total Return, Inc. is a business development company (BDC) specializing in leveraged buyouts, management buyouts, corporate partnerships/joint ventures, growth and expansion capital, acquisition financing, roll-up acquisition strategies, operational turnarounds, recapitalizations of existing businesses, special situations, equity and equity-oriented securities issued by privately owned companies, debt securities including subordinate debt, debt convertible into common or preferred stock, or debt combined with warrants and common and preferred stock, and preferred equity financing. It invests in middle market companies and acts as a lead investor. It invests in technology, telecommunication, financial services, natural resource and industrial manufacturing and services. It invests in companies engaged in the alternative energy, real estate, healthcare, education, e-learning, leisure and entertainment, and foreign investment sector in the United States, China, India, and Europe. It investments include common and preferred stock, debt convertible into common or preferred stock, debt combined with warrants and options, and other rights to acquire common or preferred stock. It seeks to invest in companies between $1 million and $25 million with revenues between $5 million and $150 million with EBITDA between $2 million and $50 million. It seeks to take control and non-control equity positions. Equus Total Return, Inc. was founded in 1991 and is based in Houston, Texas with additional office in Vancouver, Canada.
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Equus Total Return, Inc. (NYSE: EQS) is a closed-end management investment company that seeks total return through a diversified portfolio of equities and income-producing securities and is managed by an investment adviser. Long-term growth drivers may include active asset allocation, income generation from dividends and fixed income, and potential NAV appreciation, while the listed structure provides liquidity and access to professional management.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | -14.16M | -18.78M | 12.95M | -1.13M | 2.63M |
| Net income | -14.16M | -18.78M | 12.95M | -2.25M | 2.59M |
| Selling general administrative | 2.87M | 2.65M | 2.31M | 2.05M | 1.79M |
| Selling and marketing expenses | - | - | 1.94M | - | - |
| Gross profit | 1.37M | -14.33M | 17.21M | 2.50M | 6.08M |
| Ebit | -3.69M | - | 8.94M | -3.62M | -3.45M |
| Ebitda | -3.48M | -18.78M | 12.95M | 0.00M | 2.63M |
| Depreciation and amortization | 0.21M | - | 4.01M | 0.00M | - |
| Operating income | -3.69M | -18.78M | 12.95M | - | 2.63M |
| Other operating expenses | 5.06M | 4.59M | 4.28M | 3.63M | 3.45M |
| Interest expense | 0.68M | 0.14M | 0.03M | 0.00M | 0.00M |
| Tax provision | - | 0.00M | 0.00M | 0.00M | 0.04M |
| Interest income | 1.28M | 1.27M | 0.06M | 0.00M | 5.65M |
| Net interest income | 0.60M | 1.14M | 0.05M | -0.00M | -0.00M |
| Income tax expense | - | - | -4.01M | 1.12M | 0.04M |
| Total revenue | 1.37M | -14.19M | 17.23M | 2.50M | 6.08M |
| Total operating expenses | 5.06M | 4.45M | 4.26M | 3.62M | 3.45M |
| Cost of revenue | 0.31M | 0.14M | 0.03M | - | 0.00M |
| Total other income expense net | -10.48M | -0.14M | -0.03M | -1.13M | -0.00M |
| Net income from continuing ops | -14.16M | -18.78M | 10.90M | -1.13M | 2.59M |
| Net income applicable to common shares | - | - | - | -1.13M | 2.59M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 21.34M | 29.94M | 93.55M | 41.66M | 39.72M |
| Other current assets | -2.06M | -1.94M | -6.90M | 0.01M | 2.52M |
| Total liab | 4.77M | 0.43M | 45.26M | 6.43M | 3.35M |
| Total stockholder equity | 16.57M | 29.51M | 48.29M | 35.24M | 36.37M |
| Other current liab | -7.16M | -0.42M | -0.28M | 0.35M | -0.06M |
| Common stock | 0.01M | 0.01M | 0.01M | 0.01M | 0.01M |
| Capital stock | 0.01M | 0.01M | 0.01M | 0.01M | 0.01M |
| Retained earnings | -59.45M | -45.29M | -26.51M | -39.46M | -38.33M |
| Other assets | 11.74M | 29.67M | 52.18M | 41.18M | 0.40M |
| Cash | 0.13M | 0.01M | 6.53M | 19.22M | 23.46M |
| Cash and equivalents | - | - | - | - | 23.46M |
| Total current liabilities | 1.78M | 0.42M | 0.28M | 0.46M | 0.06M |
| Current deferred revenue | 0.01M | - | -44.68M | - | - |
| Net debt | 1.99M | -0.01M | 38.42M | -13.23M | -20.96M |
| Short term debt | 3.01M | - | 44.95M | - | 0.00M |
| Short long term debt total | 2.12M | - | 44.95M | 6.00M | 2.50M |
| Other stockholder equity | 76.01M | 74.78M | 74.78M | 74.69M | 74.69M |
| Total current assets | 0.13M | 0.21M | 6.90M | 0.42M | 23.82M |
| Long term investments | 17.28M | 27.50M | 85.81M | 21.65M | 15.50M |
| Net tangible assets | - | - | - | 35.24M | 36.37M |
| Short term investments | - | - | 44.95M | -19.02M | - |
| Net receivables | 2.06M | 2.15M | 0.36M | 0.35M | 0.35M |
| Long term debt | - | - | - | - | 2.50M |
| Inventory | - | - | 52.30M | -0.14M | - |
| Accounts payable | 1.78M | 0.42M | 0.28M | 0.11M | 0.06M |
| Accumulated other comprehensive income | - | - | 48.29M | - | - |
| Non currrent assets other | 3.93M | -27.45M | 86.65M | -21.59M | -15.50M |
| Non current assets total | 21.20M | 0.05M | 86.65M | 0.06M | 15.50M |
| Long term debt total | - | - | - | - | 2.50M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Change to liabilities | - | - | - | -0.42M | -0.20M |
| Total cashflows from investing activities | 0.20M | -2.25M | -8.25M | - | - |
| Net borrowings | 0.00M | -44.95M | 38.96M | 3.50M | -21.50M |
| Total cash from financing activities | 2.00M | -44.95M | 39.06M | 3.50M | -21.50M |
| Change to operating activities | - | - | - | - | 24.72M |
| Net income | -7.03M | -0.07M | 12.95M | -1.13M | 2.59M |
| Change in cash | -0.13M | -6.72M | -12.30M | -4.21M | -0.39M |
| Begin period cash flow | 0.26M | 6.98M | 19.28M | 23.49M | 23.88M |
| End period cash flow | 0.13M | 0.26M | 6.98M | 19.28M | 23.49M |
| Total cash from operating activities | -2.33M | 38.23M | -51.36M | -7.70M | 21.11M |
| Issuance of capital stock | 2.00M | 0.00M | 0.10M | - | - |
| Depreciation | 0.21M | 0.01M | 0.00M | 0.00M | - |
| Other cashflows from investing activities | 0.04M | 2.25M | - | - | - |
| Change to account receivables | -1.10M | -1.78M | -0.01M | 0.01M | -0.14M |
| Other cashflows from financing activities | 2.00M | - | 39.06M | 17.00M | 2.50M |
| Change to netincome | - | - | - | - | -6.00M |
| Capital expenditures | 0.04M | 0.00M | 0.00M | 0.00M | 0.00M |
| Change in working capital | 0.25M | -1.30M | -0.15M | -0.43M | 3.02M |
| Other non cash items | 4.23M | 39.60M | -64.16M | -6.15M | 15.50M |
| Free cash flow | -2.33M | 38.23M | -51.36M | -7.70M | 21.11M |
Sector: Financial Services Industry: Asset Management
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
|---|---|---|---|---|---|---|---|
| EQS Equus Total Return Closed Fund |
-0.01 2.00% |
0.54 | - | - | 10.24 | 0.81 | 5.09 |
| BLK BlackRock Inc |
2.63 0.21% |
1228.94 | 26.25 | 19.57 | 6.33 | 2.90 | 6.35 |
| BX Blackstone Group Inc |
-1.80 1.48% |
120.20 | 33.20 | 20.12 | 11.05 | 11.56 | 9.14 |
| IVSBF Investor AB ser. B |
0.01 0.01% |
43.59 | 4.67 | 3.83 | 3.78 | 1.13 | 4.15 |
| KKR KKR & Co. Inc. |
-1.70 1.70% |
98.35 | 32.68 | 13.66 | 3.58 | 3.22 | 0.68 |
Equus Total Return, Inc. is a business development company (BDC) specializing in leveraged buyouts, management buyouts, corporate partnerships/joint ventures, growth and expansion capital, acquisition financing, roll-up acquisition strategies, operational turnarounds, recapitalizations of existing businesses, special situations, equity and equity-oriented securities issued by privately owned companies, debt securities including subordinate debt, debt convertible into common or preferred stock, or debt combined with warrants and common and preferred stock, and preferred equity financing. It invests in middle market companies and acts as a lead investor. It invests in technology, telecommunication, financial services, natural resource and industrial manufacturing and services. It invests in companies engaged in the alternative energy, real estate, healthcare, education, e-learning, leisure and entertainment, and foreign investment sector in the United States, China, India, and Europe. It investments include common and preferred stock, debt convertible into common or preferred stock, debt combined with warrants and options, and other rights to acquire common or preferred stock. It seeks to invest in companies between $1 million and $25 million with revenues between $5 million and $150 million with EBITDA between $2 million and $50 million. It seeks to take control and non-control equity positions. Equus Total Return, Inc. was founded in 1991 and is based in Houston, Texas with additional office in Vancouver, Canada.
| Name | Title | Year Born |
|---|---|---|
| Mr. John A. Hardy | CEO & Director | 1952 |
| Ms. L'Sheryl Deirdre Hudson | CFO, Sr. VP & Treasurer | 1965 |
| Mr. Kenneth Ian Denos Esq., J.D. | Chief Compliance Officer, Sec. & Director | 1968 |
| Ms. L'Sheryl Deirdre Hudson | CFO, Senior VP & Treasurer | 1965 |
| Mr. Kenneth Ian Denos Esq., J.D. | Chief Compliance Officer, Secretary & Director | 1968 |
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