Golub Capital BDC Balance Sheet Health
Financial Health criteria checks 1/6
Golub Capital BDC has a total shareholder equity of $4.0B and total debt of $4.6B, which brings its debt-to-equity ratio to 114.6%. Its total assets and total liabilities are $8.7B and $4.7B respectively. Golub Capital BDC's EBIT is $596.0M making its interest coverage ratio 2.9. It has cash and short-term investments of $131.2M.
Key information
114.6%
Debt to equity ratio
US$4.60b
Debt
| Interest coverage ratio | 2.9x |
| Cash | US$131.16m |
| Equity | US$4.01b |
| Total liabilities | US$4.69b |
| Total assets | US$8.71b |
Recent financial health updates
No updates
Recent updates
Golub Capital's NAV, Valuation, And Dividend Vs. 14 BDC Peers - Part 2 (Includes Updated Dividend Projections)
Dec 18Golub Capital's NAV, Valuation, And Dividend Vs. 14 BDC Peers - Part 1 (Includes Recommendations As Of 11/29/2024)
Dec 04Golub Capital: 10% Yield, Special Dividends, No NAV Premium
Nov 27Golub Capital: High-Yield Play With Caveats
Nov 14Golub Capital: A Good Blend Of Yield, Quality, And Income In An Expensive Sector
Oct 31Golub Capital: Healthy And Well-Covered 11% Dividend
Oct 13Golub Capital BDC: A Solid Quarter But Worse Under The Hood
Sep 16Golub Capital BDC: A Strong 12% BDC Yield Trading Below NAV
Sep 10Golub Capital: 11% Yield And Cheap (Upgrade)
Aug 19Golub Capital: Price Drop Brings This Into Buy Zone (Rating Upgrade)
Aug 03Golub Capital: Buy The Dip On This 10% Yield
Jul 21Golub Capital: A 10% Yielding BDC That Remains An Attractive Income Play
Jun 13Golub Capital: 11% Yield And Merger Catalyst
May 24Golub Capital: Outperformance In Q2 Made This BDC Too Expensive (Downgrade)
May 07Golub Capital: Add To Your Cashflow With This 9.4% Yield
Apr 04Golub Capital: A BDC To Consider Whether Or Not Rates Remain Higher
Feb 24Golub Capital: Q1 Earnings Show Additional Supplemental Distributions Likely
Feb 06Golub Capital BDC originates $176.7M commitments in fiscal Q4; fair value declines
Oct 11Golub Capital BDC goes ex-dividend tomorrow
Aug 31Golub Capital: I Am Buying This 8.6% Yielding BDC Hand Over Fist
Aug 21Golub Capital BDC originates $449.6M in fiscal Q3; fair value estimated to rise
Jul 12Golub Capital: This Is A Doubling Down Opportunity
Jun 23Golub Capital: Initiating A Position In This 8.5%-Yielding BDC
May 26Golub Capital: Collect A Covered 7.8% Yield From This BDC
Apr 14Golub Capital: 7.6% Yield, Get Paid To Own This Stalwart BDC
Feb 21Golub Capital BDC: Q3 Update - Income Tailwinds Drive Dividend Increase
Dec 09Conservative Portfolio Safely Paying Investors 7.3%: Golub Capital
Oct 17Golub Capital BDC: A BDC With A Margin Of Safety
Oct 04Golub Capital: This Stalwart Pays You A 7.6% Yield
Sep 21Golub Capital records record deal activity in Q4
Jan 11Golub Capital BDC: Short-Term Pain, Long-Term Gain
Dec 06Golub Capital BDC NII beats by $0.01, misses on total investment income
Nov 30Financial Position Analysis
Short Term Liabilities: GBDC's short term assets ($466.0M) exceed its short term liabilities ($89.0M).
Long Term Liabilities: GBDC's short term assets ($466.0M) do not cover its long term liabilities ($4.6B).
Debt to Equity History and Analysis
Debt Level: GBDC's net debt to equity ratio (111.3%) is considered high.
Reducing Debt: GBDC's debt to equity ratio has increased from 95.3% to 114.6% over the past 5 years.
Debt Coverage: GBDC's debt is not well covered by operating cash flow (7.5%).
Interest Coverage: GBDC's interest payments on its debt are not well covered by EBIT (2.9x coverage).
Balance Sheet
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 23:55 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/09/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Golub Capital BDC, Inc. is covered by 12 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Derek Hewett | BofA Global Research |
| Christopher Testa | B. Riley Wealth |
| David Chiaverini | Cantor Fitzgerald & Co. |