$MFIC
MidCap Financial Investment Corp

2022 Q4 Form 10-Q Financial Statement

#000095017022021830 Filed on November 03, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2022 Q1
Revenue $63.30M $22.64M $54.74M
YoY Change 15.15% -57.2% 7.76%
Cost Of Revenue $31.70M $33.10M $24.19M
YoY Change 10.45% 17.27% 11.49%
Gross Profit $31.70M $25.80M $30.55M
YoY Change 20.66% 4.61% 4.62%
Gross Profit Margin 50.08% 113.97% 55.8%
Selling, General & Admin $3.900M $3.400M $3.773M
YoY Change 1.27% -3.08% 4.81%
% of Gross Profit 12.3% 13.18% 12.35%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $3.600M $36.59M $3.659M
YoY Change -4.61% 966.26% 4.54%
Operating Profit $28.10M -$10.79M $26.89M
YoY Change 24.9% -150.84% 4.63%
Interest Expense -$26.70M $20.23M -$22.65M
YoY Change 1264.33% 380.43% -234.82%
% of Operating Profit -95.02% -84.24%
Other Income/Expense, Net
YoY Change
Pretax Income $1.300M $16.00M $4.239M
YoY Change -93.67% -37.11% -90.0%
Income Tax
% Of Pretax Income
Net Earnings $1.300M $16.00M $4.239M
YoY Change -93.67% -37.11% -90.0%
Net Earnings / Revenue 2.05% 70.68% 7.74%
Basic Earnings Per Share $0.25 $0.07
Diluted Earnings Per Share $0.02 $0.25 $66.57K
COMMON SHARES
Basic Shares Outstanding 65.45M 64.74M 63.66M
Diluted Shares Outstanding

Balance Sheet

Concept 2022 Q4 2022 Q3 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $84.70M $60.30M $30.03M
YoY Change 278.68% 155.99% -40.17%
Cash & Equivalents $84.71M $60.28M $30.03M
Short-Term Investments
Other Short-Term Assets $1.800M $600.0K $719.0K
YoY Change 93.13% -54.95% -20.11%
Inventory
Prepaid Expenses
Receivables $3.100M $7.700M $7.989M
Other Receivables $4.800M $4.700M $5.083M
Total Short-Term Assets $94.40M $73.30M $43.80M
YoY Change 226.64% 72.47% -22.06%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.398B $2.464B $2.523B
YoY Change -7.58% -5.7% 3.02%
Other Assets $13.40M $14.60M $17.01M
YoY Change -26.32% -23.65% -20.91%
Total Long-Term Assets $2.431B $2.493B $2.556B
YoY Change -7.82% -5.87% 2.73%
TOTAL ASSETS
Total Short-Term Assets $94.40M $73.30M $43.80M
Total Long-Term Assets $2.431B $2.493B $2.556B
Total Assets $2.526B $2.566B $2.600B
YoY Change -5.28% -4.63% 2.19%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $0.00 $0.00
YoY Change -100.0%
Accrued Expenses $14.30M $9.400M $4.232M
YoY Change 46.23% 64.48% 45.93%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $47.60M $43.10M $37.00M
YoY Change 0.42% -5.07% 5.41%
LONG-TERM LIABILITIES
Long-Term Debt $1.483B $1.504B $1.551B
YoY Change -6.55% -5.85% 5.81%
Other Long-Term Liabilities $6.400M $7.500M $7.624M
YoY Change -11.33% -8.89% -0.99%
Total Long-Term Liabilities $1.490B $1.512B $1.558B
YoY Change -6.57% -5.86% 5.78%
TOTAL LIABILITIES
Total Short-Term Liabilities $47.60M $43.10M $37.00M
Total Long-Term Liabilities $1.490B $1.512B $1.558B
Total Liabilities $1.537B $1.555B $1.595B
YoY Change -6.37% -5.84% 5.77%
SHAREHOLDERS EQUITY
Retained Earnings -$1.119B -$1.074B
YoY Change
Common Stock $2.107B $2.107B $2.079B
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $988.1M $1.011B $1.005B
YoY Change
Total Liabilities & Shareholders Equity $2.526B $2.566B $2.600B
YoY Change -5.28% -4.63% 2.19%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2022 Q1
OPERATING ACTIVITIES
Net Income $1.300M $16.00M $4.239M
YoY Change -93.67% -37.11% -90.0%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $71.20M $108.7M $52.40M
YoY Change 32.12% -204.43% -22.03%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid $23.00M
YoY Change
Common Stock Issuance & Retirement, Net $30.00B -$770.0K
YoY Change -508144.03%
Debt Paid & Issued, Net $97.07M
YoY Change
Cash From Financing Activities -45.90M -82.40M -56.15M
YoY Change -2.63% -197.7% -14.92%
NET CHANGE
Cash From Operating Activities 71.20M 108.7M 52.40M
Cash From Investing Activities
Cash From Financing Activities -45.90M -82.40M -56.15M
Net Change In Cash 25.30M 26.30M -3.757M
YoY Change 274.7% -233.21% -413.08%
FREE CASH FLOW
Cash From Operating Activities $71.20M $108.7M $52.40M
Capital Expenditures
Free Cash Flow
YoY Change

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CY2022Q1 us-gaap Assets Net
AssetsNet
1004832000
CY2021Q1 us-gaap Assets Net
AssetsNet
1036330000
CY2022Q3 us-gaap Assets Net
AssetsNet
1011036000
CY2021Q3 us-gaap Assets Net
AssetsNet
1039133000
CY2022Q3 us-gaap Assets Net
AssetsNet
1011036000
CY2021Q3 us-gaap Assets Net
AssetsNet
1039133000
CY2022Q3 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
1932641
us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
1932641
CY2021Q3 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
450953
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
128522
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
596525
CY2022Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
63518718
CY2022Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
63518718
CY2021Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
65113604
CY2021Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
65113604
CY2022Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
63647240
CY2022Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
63647240
CY2021Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
65259176
CY2021Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
65259176
CY2022Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
65451359
CY2022Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
65451359
CY2021Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
64662651
CY2021Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
64662651
CY2022Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
65451359
CY2022Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
65451359
CY2021Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
64662651
CY2021Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
64662651
us-gaap Profit Loss
ProfitLoss
21653000
us-gaap Profit Loss
ProfitLoss
57584000
us-gaap-supplement Realized Gain Loss Investment Derivative And Foreign Currency Transaction Price Change Operating Before Tax
RealizedGainLossInvestmentDerivativeAndForeignCurrencyTransactionPriceChangeOperatingBeforeTax
124000
us-gaap-supplement Realized Gain Loss Investment Derivative And Foreign Currency Transaction Price Change Operating Before Tax
RealizedGainLossInvestmentDerivativeAndForeignCurrencyTransactionPriceChangeOperatingBeforeTax
-64705000
us-gaap-supplement Unrealized Gain Loss Investment Derivative And Foreign Currency Transaction Price Change Operating Before Tax
UnrealizedGainLossInvestmentDerivativeAndForeignCurrencyTransactionPriceChangeOperatingBeforeTax
-24603000
us-gaap-supplement Unrealized Gain Loss Investment Derivative And Foreign Currency Transaction Price Change Operating Before Tax
UnrealizedGainLossInvestmentDerivativeAndForeignCurrencyTransactionPriceChangeOperatingBeforeTax
75715000
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
4249000
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
4623000
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
302000
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
382000
mfic Increase In Gains Losses From Foreign Currency Transactions
IncreaseInGainsLossesFromForeignCurrencyTransactions
272000
mfic Increase In Gains Losses From Foreign Currency Transactions
IncreaseInGainsLossesFromForeignCurrencyTransactions
-2743000
us-gaap-supplement Interest Income Operating Paid In Kind
InterestIncomeOperatingPaidInKind
1405000
us-gaap-supplement Interest Income Operating Paid In Kind
InterestIncomeOperatingPaidInKind
2727000
us-gaap-supplement Payments For Purchase Of Investment Operating Activity
PaymentsForPurchaseOfInvestmentOperatingActivity
340739000
us-gaap-supplement Payments For Purchase Of Investment Operating Activity
PaymentsForPurchaseOfInvestmentOperatingActivity
583325000
us-gaap-supplement Proceeds From Disposition Of Investment Operating Activity
ProceedsFromDispositionOfInvestmentOperatingActivity
373490000
us-gaap-supplement Proceeds From Disposition Of Investment Operating Activity
ProceedsFromDispositionOfInvestmentOperatingActivity
428658000
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-2356000
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-439000
us-gaap Increase Decrease In Dividends Receivable
IncreaseDecreaseInDividendsReceivable
-434000
us-gaap Increase Decrease In Dividends Receivable
IncreaseDecreaseInDividendsReceivable
2707000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-166000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
425000
us-gaap-supplement Increase Decrease In Management And Incentive Fees Payable
IncreaseDecreaseInManagementAndIncentiveFeesPayable
2891000
us-gaap-supplement Increase Decrease In Management And Incentive Fees Payable
IncreaseDecreaseInManagementAndIncentiveFeesPayable
5616000
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
4468000
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
1340000
mfic Increase Decrease In Accrued Administrative Services Expense
IncreaseDecreaseInAccruedAdministrativeServicesExpense
686000
mfic Increase Decrease In Accrued Administrative Services Expense
IncreaseDecreaseInAccruedAdministrativeServicesExpense
1485000
mfic Increase Decrease In Other Liabilities And Accrued Expenses
IncreaseDecreaseInOtherLiabilitiesAndAccruedExpenses
-162000
mfic Increase Decrease In Other Liabilities And Accrued Expenses
IncreaseDecreaseInOtherLiabilitiesAndAccruedExpenses
493000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
87241000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-108965000
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
148000000
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
378005000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
186543000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
241178000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
30000000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1638000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
7931000
us-gaap Payments Of Dividends
PaymentsOfDividends
45780000
us-gaap Payments Of Dividends
PaymentsOfDividends
46934000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-55961000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
81962000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
31280000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-27003000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-142000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-103000
CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
30598000
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
54624000
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
61736000
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
27518000
us-gaap Interest Paid Net
InterestPaidNet
29090000
us-gaap Interest Paid Net
InterestPaidNet
22288000
us-gaap Paid In Kind Interest
PaidInKindInterest
1811000
us-gaap Paid In Kind Interest
PaidInKindInterest
2468000
CY2022Q3 us-gaap Investment Owned At Cost
InvestmentOwnedAtCost
2718826000
CY2022Q3 us-gaap Investment Owned At Fair Value
InvestmentOwnedAtFairValue
2463545000
CY2022Q3 us-gaap Tax Basis Of Investments Gross Unrealized Appreciation
TaxBasisOfInvestmentsGrossUnrealizedAppreciation
58130000
CY2022Q3 us-gaap Tax Basis Of Investments Gross Unrealized Depreciation
TaxBasisOfInvestmentsGrossUnrealizedDepreciation
336156000
CY2022Q3 us-gaap Tax Basis Of Investments Unrealized Appreciation Depreciation Net
TaxBasisOfInvestmentsUnrealizedAppreciationDepreciationNet
278026000
CY2022Q3 us-gaap Tax Basis Of Investments Cost For Income Tax Purposes
TaxBasisOfInvestmentsCostForIncomeTaxPurposes
2801852000
CY2022Q3 mfic Percentage Of Non Qualifying Assets Representing Company Total Assets
PercentageOfNonQualifyingAssetsRepresentingCompanyTotalAssets
0.0670
CY2022Q3 us-gaap Investment Company Financial Support To Investee Contractually Required Amount
InvestmentCompanyFinancialSupportToInvesteeContractuallyRequiredAmount
669485000
CY2022Q3 mfic Drawn Commitments
DrawnCommitments
262813000
CY2022Q3 us-gaap Restricted Investments At Fair Value
RestrictedInvestmentsAtFairValue
200756000
CY2022Q3 us-gaap Restricted Investments Percent Of Net Assets
RestrictedInvestmentsPercentOfNetAssets
0.20
CY2022Q3 us-gaap Investment Owned At Cost
InvestmentOwnedAtCost
2718826000
CY2022Q3 us-gaap Investment Owned At Fair Value
InvestmentOwnedAtFairValue
2463545000
CY2022Q3 us-gaap Investment Owned Percent Of Net Assets
InvestmentOwnedPercentOfNetAssets
2.4367
CY2022Q3 us-gaap Investment Owned Percent Of Net Assets
InvestmentOwnedPercentOfNetAssets
2.4367
CY2022Q3 mfic Percentage Of Total Investments At Fair Value
PercentageOfTotalInvestmentsAtFairValue
1.000
CY2022Q1 us-gaap Investment Owned At Cost
InvestmentOwnedAtCost
2745829000
CY2022Q1 us-gaap Investment Owned At Fair Value
InvestmentOwnedAtFairValue
2523173000
CY2022Q1 us-gaap Tax Basis Of Investments Gross Unrealized Appreciation
TaxBasisOfInvestmentsGrossUnrealizedAppreciation
58579000
CY2022Q1 us-gaap Tax Basis Of Investments Gross Unrealized Depreciation
TaxBasisOfInvestmentsGrossUnrealizedDepreciation
303980000
CY2022Q1 us-gaap Tax Basis Of Investments Unrealized Appreciation Depreciation Net
TaxBasisOfInvestmentsUnrealizedAppreciationDepreciationNet
245401000
CY2022Q1 us-gaap Tax Basis Of Investments Cost For Income Tax Purposes
TaxBasisOfInvestmentsCostForIncomeTaxPurposes
2798608000
CY2022Q1 mfic Percentage Of Non Qualifying Assets Representing Company Total Assets
PercentageOfNonQualifyingAssetsRepresentingCompanyTotalAssets
0.1100
CY2022Q1 us-gaap Investment Company Financial Support To Investee Contractually Required Amount
InvestmentCompanyFinancialSupportToInvesteeContractuallyRequiredAmount
871829000
CY2022Q1 mfic Drawn Commitments
DrawnCommitments
385209000
CY2022Q1 us-gaap Restricted Investments At Fair Value
RestrictedInvestmentsAtFairValue
135545000
CY2022Q1 us-gaap Restricted Investments Percent Of Net Assets
RestrictedInvestmentsPercentOfNetAssets
0.1350
CY2022Q1 us-gaap Investment Owned At Cost
InvestmentOwnedAtCost
2745829000
CY2022Q1 us-gaap Investment Owned At Fair Value
InvestmentOwnedAtFairValue
2523173000
CY2022Q1 us-gaap Investment Owned Percent Of Net Assets
InvestmentOwnedPercentOfNetAssets
2.510
CY2022Q1 us-gaap Investment Owned Percent Of Net Assets
InvestmentOwnedPercentOfNetAssets
2.510
CY2022Q1 mfic Percentage Of Total Investments At Fair Value
PercentageOfTotalInvestmentsAtFairValue
1.000
CY2004Q2 us-gaap Operations Commenced Date1
OperationsCommencedDate1
2004-04-08
CY2004Q2 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
870000000
CY2004Q2 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
62000000
CY2004Q2 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
15.00
CY2004Q2 us-gaap Stock Issued During Period Shares Reverse Stock Splits
StockIssuedDuringPeriodSharesReverseStockSplits
20700000
CY2004Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
45.00
CY2018Q4 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
0.03
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
2240067000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
245810000
CY2022Q3 mfic Maximum Aggregate Tranche Size Of Debt Investments
MaximumAggregateTrancheSizeOfDebtInvestments
250000000
CY2021Q3 mfic Paid In Kind Income Earned
PaidInKindIncomeEarned
933000
mfic Paid In Kind Income Earned
PaidInKindIncomeEarned
2468000
us-gaap Use Of Estimates
UseOfEstimates
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;line-height:1.38;font-family:Times New Roman;margin-bottom:10.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;">Use of Estimates</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;line-height:1.38;font-family:Times New Roman;margin-bottom:10.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amount of assets and liabilities at the date of the financial statements and the reported amounts of income, expenses, gains and losses during the reported periods. Changes in the economic environment, financial markets, credit worthiness of our portfolio companies, the global outbreak of a novel coronavirus (COVID-19) which began in 2020 and still persists and any other parameters used in determining these estimates could cause actual results to differ materially.</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"> </span></p>
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
60281000
CY2022Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
30033000
CY2022Q3 us-gaap Derivative Number Of Instruments Held
DerivativeNumberOfInstrumentsHeld
0
CY2022Q1 us-gaap Derivative Number Of Instruments Held
DerivativeNumberOfInstrumentsHeld
0
CY2022Q3 us-gaap Derivative Number Of Instruments Held
DerivativeNumberOfInstrumentsHeld
0
CY2022Q1 us-gaap Derivative Number Of Instruments Held
DerivativeNumberOfInstrumentsHeld
0
CY2022Q3 us-gaap Derivative Number Of Instruments Held
DerivativeNumberOfInstrumentsHeld
0
CY2022Q1 us-gaap Derivative Number Of Instruments Held
DerivativeNumberOfInstrumentsHeld
0
us-gaap Revenue Recognition Interest
RevenueRecognitionInterest
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;line-height:1.38;font-family:Times New Roman;margin-bottom:10.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;">Investment Income Recognition</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;line-height:1.38;font-family:Times New Roman;margin-bottom:10.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">The Company records interest and dividend income, adjusted for amortization of premium and accretion of discount, on an accrual basis. Some of our loans and other investments, including certain preferred equity investments, may have contractual payment-in-kind (“PIK”) interest or dividends. PIK income computed at the contractual rate is accrued into income and reflected as receivable up to the capitalization date. PIK investments offer issuers the option at each payment date of making payments in cash or in additional securities. When additional securities are received, they typically have the same terms, including maturity dates and interest rates as the original securities issued. On these payment dates, the Company capitalizes the accrued interest or dividends receivable (reflecting such amounts as the basis in the additional securities received). PIK generally becomes due at maturity of the investment or upon the investment being called by the issuer. At the point the Company believes PIK is not fully expected to be realized, the PIK investment will be placed on non-accrual status. When a PIK investment is placed on non-accrual status, the accrued, uncapitalized interest or dividends are reversed from the related receivable through interest or dividend income, respectively. The Company does not reverse previously capitalized PIK interest or dividends. Upon capitalization, PIK is subject to the fair value estimates associated with their related investments. PIK investments on non-accrual status are restored to accrual status if the Company believes that PIK is expected to be realized.</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;line-height:1.38;font-family:Times New Roman;margin-bottom:10.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Investments that are expected to pay regularly scheduled interest and/or dividends in cash are generally placed on non-accrual status when principal or interest/dividend cash payments are past due 30 days or more and/or when it is no longer probable that principal or interest/dividend cash payments will be collected. Such non-accrual investments are restored to accrual status if past due principal and interest or dividends are paid in cash, and in management’s judgment, are likely to continue timely payment of their remaining interest or dividend obligations. Interest or dividend cash payments received on non-accrual designated investments may be recognized as income or applied to principal depending upon management’s judgment.</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;line-height:1.38;font-family:Times New Roman;margin-bottom:10.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">Loan origination fees, original issue discount (“OID”), and market discounts are capitalized and accreted into interest income over the respective terms of the applicable loans using the effective interest method or straight-line, as applicable. Upon the prepayment of a loan, prepayment premiums, any unamortized loan origination fees, OID, or market discounts are recorded as interest income. Other income generally includes amendment fees, bridge fees, and structuring fees which are recorded when earned.</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="white-space:pre-wrap;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;"/> </p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;line-height:1.38;font-family:Times New Roman;margin-bottom:10.0pt;text-align:justify;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">The Company records as dividend income the accretable yield from its beneficial interests in structured products such as CLOs based upon a number of cash flow assumptions that are subject to uncertainties and contingencies. Such assumptions include the rate and timing of principal and interest receipts (which may be subject to prepayments and defaults) of the underlying pool of assets. These assumptions are updated on at least a quarterly basis to reflect changes related to a particular security, actual historical data, and market changes. A structured product investment typically has an underlying pool of assets. Payments on structured product investments are and will be payable solely from the cash flows from such assets. As such, any unforeseen event in these underlying pools of assets might impact the expected recovery of principal and future accrual of income.</span></p>
CY2018Q4 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
The Company’s Board of Directors approved a one-for-three reverse stock split of the Company’s common stock on October 30, 2018, which was effective as of close of business as of November 30, 2018 (the “Reverse Stock Split”).
CY2018Q4 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
StockholdersEquityNoteStockSplitConversionRatio1
3
mfic Minimum Capital Gain Distribution Percentage
MinimumCapitalGainDistributionPercentage
0.982
mfic Percentage Of Federal Excise Tax On Income Where Distribution Requirements Not Met
PercentageOfFederalExciseTaxOnIncomeWhereDistributionRequirementsNotMet
0.04
mfic Minimum Ordinary Income Distribution Percentage
MinimumOrdinaryIncomeDistributionPercentage
0.98
mfic Minimum Capital Gain Distribution Percentage
MinimumCapitalGainDistributionPercentage
0.982
CY2022Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2022Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0
CY2022Q3 us-gaap Investment Company Net Assets From Operations Increase Decrease
InvestmentCompanyNetAssetsFromOperationsIncreaseDecrease
15993000
CY2021Q3 us-gaap Investment Company Net Assets From Operations Increase Decrease
InvestmentCompanyNetAssetsFromOperationsIncreaseDecrease
25441000
us-gaap Investment Company Net Assets From Operations Increase Decrease
InvestmentCompanyNetAssetsFromOperationsIncreaseDecrease
21653000
us-gaap Investment Company Net Assets From Operations Increase Decrease
InvestmentCompanyNetAssetsFromOperationsIncreaseDecrease
57584000
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
64737122
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
65031131
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
64150905
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
65115530
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.25
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.39
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.34
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.88
CY2022Q3 us-gaap Investment Owned At Cost
InvestmentOwnedAtCost
2718826000
CY2022Q3 us-gaap Investment Owned At Fair Value
InvestmentOwnedAtFairValue
2463545000
CY2022Q1 us-gaap Investment Owned At Cost
InvestmentOwnedAtCost
2745829000
CY2022Q1 us-gaap Investment Owned At Fair Value
InvestmentOwnedAtFairValue
2523173000
CY2022Q3 mfic Fair Value Assets Liabilities Transfer Between Levels1 To Level2
FairValueAssetsLiabilitiesTransferBetweenLevels1ToLevel2
0
mfic Fair Value Assets Liabilities Transfer Between Levels1 To Level2
FairValueAssetsLiabilitiesTransferBetweenLevels1ToLevel2
0
CY2022Q3 us-gaap Fair Value Investments Entities That Calculate Net Asset Value Per Share Unfunded Committments
FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareUnfundedCommittments
4563000
CY2021Q3 mfic Fair Value Assets Liabilities Transfer Between Levels1 To Level2
FairValueAssetsLiabilitiesTransferBetweenLevels1ToLevel2
0
mfic Fair Value Assets Liabilities Transfer Between Levels1 To Level2
FairValueAssetsLiabilitiesTransferBetweenLevels1ToLevel2
0
CY2021Q3 us-gaap Fair Value Investments Entities That Calculate Net Asset Value Per Share Unfunded Committments
FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareUnfundedCommittments
4933000
CY2022Q3 mfic Purchases Of Investments On Trade Date Basis
PurchasesOfInvestmentsOnTradeDateBasis
113314000
mfic Purchases Of Investments On Trade Date Basis
PurchasesOfInvestmentsOnTradeDateBasis
340736000
CY2021Q3 mfic Purchases Of Investments On Trade Date Basis
PurchasesOfInvestmentsOnTradeDateBasis
290095000
mfic Purchases Of Investments On Trade Date Basis
PurchasesOfInvestmentsOnTradeDateBasis
585308000
CY2022Q3 mfic Sales And Repayment Of Investments On Trade Date Basis
SalesAndRepaymentOfInvestmentsOnTradeDateBasis
195952000
mfic Sales And Repayment Of Investments On Trade Date Basis
SalesAndRepaymentOfInvestmentsOnTradeDateBasis
379955000
CY2021Q3 mfic Sales And Repayment Of Investments On Trade Date Basis
SalesAndRepaymentOfInvestmentsOnTradeDateBasis
176280000
mfic Sales And Repayment Of Investments On Trade Date Basis
SalesAndRepaymentOfInvestmentsOnTradeDateBasis
442387000
CY2022Q3 mfic Paid In Kind Income Earned
PaidInKindIncomeEarned
856000
mfic Paid In Kind Income Earned
PaidInKindIncomeEarned
1811000
CY2022Q2 mfic Paid In Kind Balance
PaidInKindBalance
39835000
CY2021Q2 mfic Paid In Kind Balance
PaidInKindBalance
43733000
CY2022Q1 mfic Paid In Kind Balance
PaidInKindBalance
39228000
CY2021Q1 mfic Paid In Kind Balance
PaidInKindBalance
41947000
CY2022Q3 mfic Paid In Kind Income Capitalized
PaidInKindIncomeCapitalized
674000
CY2021Q3 mfic Paid In Kind Income Capitalized
PaidInKindIncomeCapitalized
941000
mfic Paid In Kind Income Capitalized
PaidInKindIncomeCapitalized
1405000
mfic Paid In Kind Income Capitalized
PaidInKindIncomeCapitalized
2727000
CY2022Q3 mfic Adjustments Due To Investments Exited Or Written Off
AdjustmentsDueToInvestmentsExitedOrWrittenOff
-12095000
CY2021Q3 mfic Adjustments Due To Investments Exited Or Written Off
AdjustmentsDueToInvestmentsExitedOrWrittenOff
-7037000
mfic Adjustments Due To Investments Exited Or Written Off
AdjustmentsDueToInvestmentsExitedOrWrittenOff
-12219000
mfic Adjustments Due To Investments Exited Or Written Off
AdjustmentsDueToInvestmentsExitedOrWrittenOff
-7037000
CY2022Q3 mfic Paid In Kind Balance
PaidInKindBalance
28414000
CY2021Q3 mfic Paid In Kind Balance
PaidInKindBalance
37637000
CY2022Q3 mfic Paid In Kind Balance
PaidInKindBalance
28414000
CY2021Q3 mfic Paid In Kind Balance
PaidInKindBalance
37637000
CY2022Q3 mfic Percentage Of Investments Reported At Amortized Cost
PercentageOfInvestmentsReportedAtAmortizedCost
0.018
CY2022Q3 mfic Percentage Of Investments At Fair Value
PercentageOfInvestmentsAtFairValue
0.010
CY2022Q1 mfic Percentage Of Investments Reported At Amortized Cost
PercentageOfInvestmentsReportedAtAmortizedCost
0.013
CY2022Q1 mfic Percentage Of Investments At Fair Value
PercentageOfInvestmentsAtFairValue
0.006
CY2022Q3 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
2285000000
CY2022Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1508760000
CY2022Q3 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
1469836000.00
CY2022Q3 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
4360000
CY2022Q3 us-gaap Long Term Debt
LongTermDebt
1504400000
CY2022Q1 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
2285000000
CY2022Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1555468000
CY2022Q1 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
1548554000
CY2022Q1 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
4860000
CY2022Q1 us-gaap Long Term Debt
LongTermDebt
1550608000
CY2022Q3 us-gaap Long Term Debt Average Amount Outstanding
LongTermDebtAverageAmountOutstanding
1539332000
CY2021Q3 us-gaap Long Term Debt Average Amount Outstanding
LongTermDebtAverageAmountOutstanding
1539062000
us-gaap Long Term Debt Average Amount Outstanding
LongTermDebtAverageAmountOutstanding
1579696000
us-gaap Long Term Debt Average Amount Outstanding
LongTermDebtAverageAmountOutstanding
1499635000
CY2022Q3 mfic Maximum Amount Of Debt Outstanding
MaximumAmountOfDebtOutstanding
1597794000
CY2021Q3 mfic Maximum Amount Of Debt Outstanding
MaximumAmountOfDebtOutstanding
1608285000
mfic Maximum Amount Of Debt Outstanding
MaximumAmountOfDebtOutstanding
1669385000
mfic Maximum Amount Of Debt Outstanding
MaximumAmountOfDebtOutstanding
1608285000
CY2022Q3 us-gaap Long Term Debt Weighted Average Interest Rate Over Time
LongTermDebtWeightedAverageInterestRateOverTime
0.0479
CY2021Q3 us-gaap Long Term Debt Weighted Average Interest Rate Over Time
LongTermDebtWeightedAverageInterestRateOverTime
0.0320
us-gaap Long Term Debt Weighted Average Interest Rate Over Time
LongTermDebtWeightedAverageInterestRateOverTime
0.0421
us-gaap Long Term Debt Weighted Average Interest Rate Over Time
LongTermDebtWeightedAverageInterestRateOverTime
0.0314
CY2022Q3 mfic Annualized Amortized Debt Issuance Cost During Period
AnnualizedAmortizedDebtIssuanceCostDuringPeriod
0.0038
CY2021Q3 mfic Annualized Amortized Debt Issuance Cost During Period
AnnualizedAmortizedDebtIssuanceCostDuringPeriod
0.0040
mfic Annualized Amortized Debt Issuance Cost During Period
AnnualizedAmortizedDebtIssuanceCostDuringPeriod
0.0037
mfic Annualized Amortized Debt Issuance Cost During Period
AnnualizedAmortizedDebtIssuanceCostDuringPeriod
0.0040
CY2022Q3 us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.0517
CY2021Q3 us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.0360
us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.0458
us-gaap Debt Instrument Interest Rate During Period
DebtInstrumentInterestRateDuringPeriod
0.0354
CY2022Q3 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
30000000
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0
CY2015Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
50000000
CY2015Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
50000000
CY2015Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
50000000
CY2015Q4 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
50000000
CY2016Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
50000000
CY2016Q3 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
50000000
CY2018Q4 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
50000000
CY2018Q4 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
50000000
CY2019Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
50000000
CY2019Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
45809000
CY2019Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
4191000
CY2022Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
25000000
CY2022Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
25000000
CY2022Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
275000000
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
245809000
CY2022Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
29191000
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
128522
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
12.74
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
1638000
mfic Discount Rate Of Average Net Asset Value Per Share
DiscountRateOfAverageNetAssetValuePerShare
0.1824
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
596525
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
13.30
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
7931000
mfic Discount Rate Of Average Net Asset Value Per Share
DiscountRateOfAverageNetAssetValuePerShare
0.1685
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
15395036
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
15.97
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
245809000
CY2019Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
400000000
CY2019Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
130000000
CY2022Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2022Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
1932641
CY2022Q3 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
15.52
CY2022Q3 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
30000000000
CY2022Q3 mfic Lock Up Period
LockUpPeriod
P2Y
CY2022Q3 mfic Offering Cost
OfferingCost
300000000
CY2022Q3 us-gaap Investment Company Financial Commitment To Investee Future Amount
InvestmentCompanyFinancialCommitmentToInvesteeFutureAmount
406672000
CY2022Q1 us-gaap Investment Company Financial Commitment To Investee Future Amount
InvestmentCompanyFinancialCommitmentToInvesteeFutureAmount
486620000
CY2022Q1 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
15.79
CY2021Q1 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
15.88
us-gaap Investment Company Investment Income Loss Per Share
InvestmentCompanyInvestmentIncomeLossPerShare
0.72
us-gaap Investment Company Investment Income Loss Per Share
InvestmentCompanyInvestmentIncomeLossPerShare
0.72
us-gaap Investment Company Gain Loss On Investment Per Share
InvestmentCompanyGainLossOnInvestmentPerShare
-0.38
us-gaap Investment Company Gain Loss On Investment Per Share
InvestmentCompanyGainLossOnInvestmentPerShare
0.17
us-gaap Investment Company Investment Income Loss From Operations Per Share
InvestmentCompanyInvestmentIncomeLossFromOperationsPerShare
0.34
us-gaap Investment Company Investment Income Loss From Operations Per Share
InvestmentCompanyInvestmentIncomeLossFromOperationsPerShare
0.88
us-gaap Investment Company Distribution To Shareholders Per Share
InvestmentCompanyDistributionToShareholdersPerShare
0.68
us-gaap Investment Company Distribution To Shareholders Per Share
InvestmentCompanyDistributionToShareholdersPerShare
0.72
us-gaap Investment Company Tax Return Of Capital Distribution Per Share
InvestmentCompanyTaxReturnOfCapitalDistributionPerShare
0
us-gaap Investment Company Tax Return Of Capital Distribution Per Share
InvestmentCompanyTaxReturnOfCapitalDistributionPerShare
0
us-gaap-supplement Investment Company Repurchase Of Shares Per Share
InvestmentCompanyRepurchaseOfSharesPerShare
0.01
us-gaap-supplement Investment Company Repurchase Of Shares Per Share
InvestmentCompanyRepurchaseOfSharesPerShare
0.02
CY2022Q3 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
15.45
CY2021Q3 us-gaap Net Asset Value Per Share
NetAssetValuePerShare
16.07
CY2022Q3 us-gaap-supplement Investment Company Market Value Per Share
InvestmentCompanyMarketValuePerShare
10.22
CY2021Q3 us-gaap-supplement Investment Company Market Value Per Share
InvestmentCompanyMarketValuePerShare
12.97
us-gaap Investment Company Total Return
InvestmentCompanyTotalReturn
-0.1779
us-gaap Investment Company Total Return
InvestmentCompanyTotalReturn
-0.0037
CY2022Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
65451359
CY2021Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
64662651
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
64150905
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
65115530
CY2022Q3 us-gaap Assets Net
AssetsNet
1011000000.0
CY2021Q3 us-gaap Assets Net
AssetsNet
1039100000
mfic Investment Company Annualized Ratio Of Operating Expenses To Average Net Assets
InvestmentCompanyAnnualizedRatioOfOperatingExpensesToAverageNetAssets
0.0596
mfic Investment Company Annualized Ratio Of Operating Expenses To Average Net Assets
InvestmentCompanyAnnualizedRatioOfOperatingExpensesToAverageNetAssets
0.0581
mfic Investment Company Annualized Ratio Of Interest And Other Debt Expenses To Average Net Assets
InvestmentCompanyAnnualizedRatioOfInterestAndOtherDebtExpensesToAverageNetAssets
0.0723
mfic Investment Company Annualized Ratio Of Interest And Other Debt Expenses To Average Net Assets
InvestmentCompanyAnnualizedRatioOfInterestAndOtherDebtExpensesToAverageNetAssets
0.0510
us-gaap Investment Company Expense Ratio Including Incentive Fee
InvestmentCompanyExpenseRatioIncludingIncentiveFee
0.1319
us-gaap Investment Company Expense Ratio Including Incentive Fee
InvestmentCompanyExpenseRatioIncludingIncentiveFee
0.1091
us-gaap Investment Company Investment Income Loss Ratio
InvestmentCompanyInvestmentIncomeLossRatio
0.0920
us-gaap Investment Company Investment Income Loss Ratio
InvestmentCompanyInvestmentIncomeLossRatio
0.0894
us-gaap Long Term Debt Average Amount Outstanding
LongTermDebtAverageAmountOutstanding
1499600000
mfic Investment Company Average Debt Per Share
InvestmentCompanyAverageDebtPerShare
24.63
mfic Investment Company Average Debt Per Share
InvestmentCompanyAverageDebtPerShare
23.03
us-gaap-supplement Investment Company Portfolio Turnover
InvestmentCompanyPortfolioTurnover
0.2705
us-gaap-supplement Investment Company Portfolio Turnover
InvestmentCompanyPortfolioTurnover
0.3504
mfic Investment Company Asset Coverage Per Unit
InvestmentCompanyAssetCoveragePerUnit
1655000
mfic Investment Company Asset Coverage Per Unit
InvestmentCompanyAssetCoveragePerUnit
1648000
mfic Investment Company Annualized Ratio Of Operating Expenses To Average Net Assets Excluding Voluntary Fee Waivers
InvestmentCompanyAnnualizedRatioOfOperatingExpensesToAverageNetAssetsExcludingVoluntaryFeeWaivers
0.0602
mfic Investment Company Annualized Ratio Of Total Expenses To Average Net Assets Excluding Voluntary Fee Waivers
InvestmentCompanyAnnualizedRatioOfTotalExpensesToAverageNetAssetsExcludingVoluntaryFeeWaivers
0.1332
mfic Investment Company Annualized Ratio Of Operating Expenses To Average Net Assets Excluding Voluntary Fee Waivers
InvestmentCompanyAnnualizedRatioOfOperatingExpensesToAverageNetAssetsExcludingVoluntaryFeeWaivers
0.0586
mfic Investment Company Annualized Ratio Of Total Expenses To Average Net Assets Excluding Voluntary Fee Waivers
InvestmentCompanyAnnualizedRatioOfTotalExpensesToAverageNetAssetsExcludingVoluntaryFeeWaivers
0.1097

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