Gladstone Capital Corporation (GLAD) — Cash Flow Quality Index
Gladstone Capital Corporation (GLAD) has a Cash Flow Quality Index of -1.58x as of June 2026. Operating cash flow of $-54.12 Million is below net income of $34.18 Million, suggesting accrual-heavy earnings not yet converted to cash. Explore how well can Gladstone Capital Corporation service its debt to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Gladstone Capital Corporation Cash Flow Quality Index (2002–2025)
Historical Cash Flow Quality Index for Gladstone Capital Corporation across 20 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see GLAD operating cash flow.
Annual Cash Flow Quality Index for Gladstone Capital Corporation (2002–2025)
Year-by-year earnings quality comparison for Gladstone Capital Corporation.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 0.75x | $43.63 Million | $58.11 Million | ▲ +2089.8% |
| 2024 | 0.03x | $3.24 Million | $94.51 Million | ▲ +113.5% |
| 2023 | -0.25x | $-10.86 Million | $42.67 Million | ▲ +93.4% |
| 2022 | -3.84x | $-76.40 Million | $19.91 Million | ▼ -2199.9% |
| 2021 | -0.17x | $-14.06 Million | $84.30 Million | ▼ -135.8% |
| 2019 | 0.47x | $9.26 Million | $19.87 Million | ▲ +148.8% |
| 2018 | -0.95x | $-17.80 Million | $18.65 Million | ▼ -27.3% |
| 2017 | -0.75x | $-12.88 Million | $17.18 Million | ▼ -114.2% |
| 2016 | 5.28x | $60.02 Million | $11.37 Million | ▲ +160.2% |
| 2015 | -8.78x | $-74.48 Million | $8.48 Million | ▼ -20948.2% |
| 2014 | 0.04x | $473.00K | $11.23 Million | ▼ -95.8% |
| 2013 | 1.00x | $32.14 Million | $32.22 Million | ▼ -81.1% |
| 2010 | 5.28x | $86.50 Million | $16.39 Million | ▼ -79.1% |
| 2009 | 25.25x | $95.52 Million | $3.78 Million | ▲ +422.7% |
| 2007 | -7.82x | $-116.98 Million | $14.95 Million | ▼ -2741.5% |
| 2006 | 0.30x | $7.24 Million | $24.43 Million | ▼ -70.6% |
| 2005 | 1.01x | $15.59 Million | $15.49 Million | ▼ -21.1% |
| 2004 | 1.28x | $13.48 Million | $10.57 Million | ▲ +42.9% |
| 2003 | 0.89x | $9.88 Million | $11.07 Million | ▼ -2.5% |
| 2002 | 0.92x | $6.97 Million | $7.62 Million | — |