Non-accrual
A loan is on non-accrual when the lender stops recording interest income on it because collecting the interest or principal is no longer reasonably assured, typically after payments have fallen well behind. For a BDC, the share of the portfolio on non-accrual, at cost and at fair value, is one of the clearest public signs of credit stress. A loan returns to accrual when the borrower is current again and full repayment is expected.
In DFX data
Placements on non-accrual and returns to accrual are read from each BDC's own schedule footnotes, by BDC and quarter, and never inferred from a mark.