Gladstone Capital Balance Sheet Health
Financial Health criteria checks 3/6
Gladstone Capital has a total shareholder equity of $489.8M and total debt of $279.7M, which brings its debt-to-equity ratio to 57.1%. Its total assets and total liabilities are $776.8M and $287.0M respectively. Gladstone Capital's EBIT is $68.6M making its interest coverage ratio 2.9. It has cash and short-term investments of $2.6M.
Key information
57.10%
Debt to equity ratio
US$279.68m
Debt
| Interest coverage ratio | 2.9x |
| Cash | US$2.64m |
| Equity | US$489.79m |
| Total liabilities | US$286.99m |
| Total assets | US$776.78m |
Recent financial health updates
No updates
Recent updates
Gladstone Capital: Premium Has Come Down But Still Not A Buy
May 13Gladstone Capital: A Reliable Income Powerhouse
Mar 31Gladstone Capital: Rising Non-Accruals And Unjustified Premium Valuation (Rating Downgrade)
Feb 14Gladstone Capital's Dividend Coverage May Be In Trouble
Nov 17Gladstone Capital: 9% Yield, Improving Coverage, 1.12x NAV
Sep 14Gladstone Capital: Just Pause For Now
Aug 28Gladstone Capital: Solid Distribution Coverage But Rising Non-Accruals (Rating Downgrade)
Aug 18Gladstone: Conservative Strategies, Promising 2028 Notes
Jul 23Gladstone Capital: Monthly 8.7% Yielding BDC I Would Buy On A Pullback
Jun 09Gladstone Capital: Diversified BDC Trading At Attractive Valuation
May 14Gladstone Capital: When Defense Pays Off
Apr 12Gladstone Capital: 10% Yield To Build Your Cashflow Brick By Brick
Mar 09Gladstone Capital goes ex-dividend tomorrow
Oct 19Gladstone Capital makes debt investment in ice cream chainlet Salt & Straw
Sep 22Gladstone Capital provides financing for buyout of Sokol & Co.
Sep 01Gladstone Capital reports FQ3 results
Jul 27Gladstone Capital declares $0.0675 dividend
Jul 18Gladstone Capital: A Dividend Gem Now Yielding 8.3%
Jun 22Gladstone Capital: Why This 7.4% Yielder Is Now Attractive
Jan 31Gladstone Capital Corporation: An Average BDC From A Strong Operator
Nov 06Financial Position Analysis
Short Term Liabilities: GLAD's short term assets ($10.5M) exceed its short term liabilities ($6.8M).
Long Term Liabilities: GLAD's short term assets ($10.5M) do not cover its long term liabilities ($280.2M).
Debt to Equity History and Analysis
Debt Level: GLAD's net debt to equity ratio (56.6%) is considered high.
Reducing Debt: GLAD's debt to equity ratio has reduced from 85.2% to 57.1% over the past 5 years.
Debt Coverage: GLAD's debt is well covered by operating cash flow (42.6%).
Interest Coverage: GLAD'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 | 2025/05/19 14:16 |
| End of Day Share Price | 2025/05/19 00:00 |
| Earnings | 2025/03/31 |
| 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 |
| |
| 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.
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 Github.
Analyst Sources
Gladstone Capital Corporation is covered by 18 analysts. 6 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 |
|---|---|
| Vernon Plack | BB&T Capital Markets |
| Bryce Rowe | B. Riley Securities, Inc. |
| Christopher Testa | B. Riley Wealth |