Golub Capital BDC Inc (GBDC) — Cash Flow Quality Index

Latest as of September 2025: 2.76x

Golub Capital BDC Inc (GBDC) has a Cash Flow Quality Index of 2.76x as of September 2025. Operating cash flow of $266.12 Million exceeds net income of $96.29 Million, indicating high earnings quality where cash backs reported profits. Explore debt repayment capacity of Golub Capital BDC Inc to assess how comfortably operating cash covers total debt obligations.

Cash Flow Quality Index

2.76x
Operating CF / Net Income

Operating Cash Flow

$266.12 Million
USD

Net Income

$96.29 Million
USD

Data as of

Sep 2025
Most recent filing

Golub Capital BDC Inc Cash Flow Quality Index (2007–2025)

Historical Cash Flow Quality Index for Golub Capital BDC Inc across 17 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see Golub Capital BDC Inc cash conversion from operations.

Annual Cash Flow Quality Index for Golub Capital BDC Inc (2007–2025)

Year-by-year earnings quality comparison for Golub Capital BDC Inc.

Year Quality Index Operating CF (USD) Net Income YoY Change
2025 -0.30x $-113.59 Million $376.65 Million ▼ -124.0%
2024 1.26x $343.91 Million $273.79 Million ▲ +66.3%
2023 0.76x $195.37 Million $258.63 Million ▲ +127.8%
2022 -2.71x $-416.46 Million $153.44 Million ▼ -201.8%
2021 -0.90x $-306.05 Million $340.28 Million ▼ -126.3%
2020 3.42x $187.68 Million $54.87 Million ▲ +3406.2%
2018 -0.10x $-8.48 Million $81.97 Million ▼ -113.7%
2017 0.76x $62.20 Million $82.29 Million ▲ +193.3%
2016 -0.81x $-56.08 Million $69.20 Million ▲ +44.4%
2015 -1.46x $-103.25 Million $70.79 Million ▲ +62.7%
2014 -3.91x $-255.57 Million $65.39 Million ▲ +38.9%
2013 -6.40x $-297.61 Million $46.52 Million ▼ -28.4%
2012 -4.98x $-158.27 Million $31.76 Million ▲ +10.0%
2011 -5.54x $-118.13 Million $21.34 Million ▼ -320.4%
2010 2.51x $65.92 Million $26.25 Million ▲ +122.7%
2009 -11.06x $-221.40 Million $20.02 Million ▲ +99.7%
2007 -3420.20x $-201.79 Million $59.00K
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.