Gladstone Investment Corporation 8.00% Notes due 2028 (GAINL) - Net Assets
Based on the latest financial reports, Gladstone Investment Corporation 8.00% Notes due 2028 (GAINL) has net assets worth $492.71 Million USD as of March 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($938.08 Million) and total liabilities ($445.37 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Gladstone Investment Corporation 8.00% N (GAINL) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $492.71 Million |
| % of Total Assets | 52.52% |
| Annual Growth Rate | 4.33% |
| 5-Year Change | 33.51% |
| 10-Year Change | 80.2% |
| Growth Volatility | 10.06 |
Gladstone Investment Corporation 8.00% Notes due 2028 - Net Assets Trend (2006–2024)
This chart illustrates how Gladstone Investment Corporation 8.00% Notes due 2028's net assets have evolved over time, based on quarterly financial data. Also explore GAINL current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Gladstone Investment Corporation 8.00% Notes due 2028 (2006–2024)
The table below shows the annual net assets of Gladstone Investment Corporation 8.00% Notes due 2028 from 2006 to 2024. For live valuation and market cap data, see Gladstone Investment Corporation 8.00% N (GAINL) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-03-31 | $492.71 Million | +12.05% |
| 2023-03-31 | $439.74 Million | -1.37% |
| 2022-03-31 | $445.83 Million | +16.60% |
| 2021-03-31 | $382.36 Million | +3.61% |
| 2020-03-31 | $369.03 Million | -9.35% |
| 2019-03-31 | $407.11 Million | +14.94% |
| 2018-03-31 | $354.20 Million | +17.64% |
| 2017-03-31 | $301.08 Million | +7.91% |
| 2016-03-31 | $279.02 Million | +2.05% |
| 2015-03-31 | $273.43 Million | +23.81% |
| 2014-03-31 | $220.84 Million | -8.35% |
| 2013-03-31 | $240.96 Million | +16.29% |
| 2012-03-31 | $207.22 Million | +4.22% |
| 2011-03-31 | $198.83 Million | +3.03% |
| 2010-03-31 | $192.98 Million | -10.16% |
| 2009-03-31 | $214.80 Million | +4.05% |
| 2008-03-31 | $206.44 Million | -7.35% |
| 2007-03-31 | $222.82 Million | -3.06% |
| 2006-03-31 | $229.84 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Gladstone Investment Corporation 8.00% Notes due 2028's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 1772889000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $37.00K | 0.01% |
| Other Comprehensive Income | $66.21 Million | 13.44% |
| Other Components | $444.71 Million | 90.26% |
| Total Equity | $492.71 Million | 100.00% |
Gladstone Investment Corporation 8.00% Notes due 2028 Competitors by Market Cap
The table below lists competitors of Gladstone Investment Corporation 8.00% Notes due 2028 ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Guangdong Tengen Industrial Group C
SHE:003003
|
$358.42 Million |
|
Lycopodium Ltd
AU:LYL
|
$358.51 Million |
|
Zhejiang Dilong New Material Co Ltd
SHE:002247
|
$358.59 Million |
|
Hangzhou IECHO Science & Technology Co. Ltd. A
SHG:688092
|
$358.66 Million |
|
Jiangsu Boamax Technologies Group Co Ltd
SHE:002514
|
$358.24 Million |
|
Greenyard NV
BR:GREEN
|
$358.22 Million |
|
Autosports Group Ltd
AU:ASG
|
$358.20 Million |
|
JW Pharmaceutical Corp
KO:001065
|
$358.17 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Gladstone Investment Corporation 8.00% Notes due 2028's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 439,742,000 to 492,711,000, a change of 52,969,000 (12.0%).
- Net income of 85,305,000 contributed positively to equity growth.
- Dividend payments of 76,061,000 reduced retained earnings.
- Other comprehensive income increased equity by 33,272,000.
- Other factors increased equity by 10,453,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $85.31 Million | +17.31% |
| Dividends Paid | $76.06 Million | -15.44% |
| Other Comprehensive Income | $33.27 Million | +6.75% |
| Other Changes | $10.45 Million | +2.12% |
| Total Change | $- | 12.05% |
Book Value vs Market Value Analysis
This analysis compares Gladstone Investment Corporation 8.00% Notes due 2028's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.76x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-03-31 | $14.02 | $25.22 | x |
| 2007-03-31 | $13.46 | $25.22 | x |
| 2008-03-31 | $12.47 | $25.22 | x |
| 2009-03-31 | $9.97 | $25.22 | x |
| 2010-03-31 | $8.74 | $25.22 | x |
| 2011-03-31 | $9.00 | $25.22 | x |
| 2012-03-31 | $9.38 | $25.22 | x |
| 2013-03-31 | $9.96 | $25.22 | x |
| 2014-03-31 | $8.34 | $25.22 | x |
| 2015-03-31 | $10.25 | $25.22 | x |
| 2016-03-31 | $9.22 | $25.22 | x |
| 2017-03-31 | $9.95 | $25.22 | x |
| 2018-03-31 | $10.98 | $25.22 | x |
| 2019-03-31 | $12.41 | $25.22 | x |
| 2020-03-31 | $11.23 | $25.22 | x |
| 2021-03-31 | $11.53 | $25.22 | x |
| 2022-03-31 | $13.43 | $25.22 | x |
| 2023-03-31 | $13.20 | $25.22 | x |
| 2024-03-31 | $14.30 | $25.22 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gladstone Investment Corporation 8.00% Notes due 2028 utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 17.31%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 72.56%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 1.90x
- Recent ROE (17.31%) is above the historical average (8.17%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 2.63% | 82.81% | 0.03x | 1.00x | $-16.93 Million |
| 2007 | 3.33% | 84.29% | 0.03x | 1.45x | $-14.87 Million |
| 2008 | -0.36% | 0.00% | 0.00x | 1.71x | $-21.39 Million |
| 2009 | -5.33% | 0.00% | -0.03x | 1.52x | $-32.93 Million |
| 2010 | -5.74% | 0.00% | -0.03x | 1.54x | $-30.37 Million |
| 2011 | 8.27% | 87.89% | 0.08x | 1.21x | $-3.44 Million |
| 2012 | 10.60% | 90.42% | 0.07x | 1.57x | $1.24 Million |
| 2013 | 7.17% | 77.82% | 0.06x | 1.58x | $-6.82 Million |
| 2014 | -0.60% | -39.52% | 0.01x | 1.50x | $-23.41 Million |
| 2015 | 18.36% | 98.69% | 0.11x | 1.77x | $22.87 Million |
| 2016 | 8.91% | 85.30% | 0.06x | 1.81x | $-3.05 Million |
| 2017 | 14.87% | 90.62% | 0.10x | 1.71x | $14.65 Million |
| 2018 | 17.13% | 92.90% | 0.11x | 1.72x | $25.27 Million |
| 2019 | 20.04% | 82.22% | 0.16x | 1.56x | $40.88 Million |
| 2020 | -4.74% | -218.51% | 0.01x | 1.56x | $-54.40 Million |
| 2021 | 11.71% | 91.90% | 0.08x | 1.68x | $6.54 Million |
| 2022 | 23.66% | 106.38% | 0.13x | 1.66x | $60.90 Million |
| 2023 | 8.08% | 108.86% | 0.04x | 1.74x | $-8.43 Million |
| 2024 | 17.31% | 72.56% | 0.13x | 1.90x | $36.03 Million |
Industry Comparison
This section compares Gladstone Investment Corporation 8.00% Notes due 2028's net assets metrics with peer companies in the same industry.
Industry Context
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gladstone Investment Corporation 8.00% Notes due 2028 (GAINL) | $492.71 Million | 2.63% | 0.90x | $358.34 Million |
| Advent Technologies Holdings Inc (ADNWW) | $130.20 Million | -15.76% | 0.25x | $27.01 |
| AmpliTech Group Inc (AMPGW) | $91.07K | -845.48% | 3.88x | $751.88 |
| Arko Corp (ARKOW) | $72.92 Million | -5.21% | 3.05x | $23.76 |
| Aris Mining Corporation (ARMN) | $-623.73K | 0.00% | 0.00x | $3.93 Billion |
| Aberdeen Standard Global Infrastructure Income Fund (ASGI) | $172.37 Million | 0.00% | 0.01x | $472.62 Million |
| Atlas Corp (ATCOL) | $523.44 Million | 2.74% | 0.24x | $249.71K |
| Auddia Inc (AUUDW) | $9.41 Million | -232.98% | 0.02x | $394.90 |
| BriaCell Therapeutics Corp (BCTXW) | $11.79 Million | -9.15% | 0.05x | $8.89 |
| Blaize Holdings, Inc. Warrants (BZAIW) | $-70.54 Million | 0.00% | 0.00x | $4.00 Million |
| Churchill Capital Corp IX Warrant (CCIXW) | $6.04K | -313.77% | 9.82x | $14.04 Million |
About Gladstone Investment Corporation 8.00% Notes due 2028
Gladstone Investment Corporation specializes in lower middle market, mature stage, buyouts; refinancing existing debt; senior debt securities such as senior loans, senior term loans, lines of credit, and senior notes; senior subordinated debt securities such as senior subordinated loans and senior subordinated notes; junior subordinated debt securities such as subordinated notes and mezzanine loa… Read more