Great Elm Capital Corp
Great Elm Capital Corp. is a business development company which specializes in loan and mezzanine, middle market investments. It invests in the debt instruments of middle market companies. The fund prefers to invest in media, commercial services and supplies, healthcare, telecommunication services, communications equipment. It typically makes equity investments between $3 million and $10 million … Read more
Great Elm Capital Corp (GECC) - Net Assets
Latest net assets as of September 2025: $140.10 Million USD
Based on the latest financial reports, Great Elm Capital Corp (GECC) has net assets worth $140.10 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($420.05 Million) and total liabilities ($279.95 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $140.10 Million |
| % of Total Assets | 33.35% |
| Annual Growth Rate | 6.48% |
| 5-Year Change | 70.96% |
| 10-Year Change | -21.31% |
| Growth Volatility | 43.88 |
Great Elm Capital Corp - Net Assets Trend (2010–2024)
This chart illustrates how Great Elm Capital Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Great Elm Capital Corp (2010–2024)
The table below shows the annual net assets of Great Elm Capital Corp from 2010 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $136.11 Million | +37.85% |
| 2023-12-31 | $98.74 Million | +16.43% |
| 2022-12-31 | $84.81 Million | +13.75% |
| 2021-12-31 | $74.56 Million | -6.35% |
| 2020-12-31 | $79.61 Million | -8.37% |
| 2019-12-31 | $86.89 Million | -21.09% |
| 2018-12-31 | $110.12 Million | -16.76% |
| 2017-12-31 | $132.29 Million | +99.75% |
| 2017-06-30 | $66.23 Million | -61.72% |
| 2016-12-31 | $172.98 Million | +114.43% |
| 2015-12-31 | $80.67 Million | -19.28% |
| 2014-12-31 | $99.94 Million | +36.94% |
| 2013-12-31 | $72.98 Million | +20.34% |
| 2012-12-31 | $60.64 Million | +13.47% |
| 2011-12-31 | $53.44 Million | -5.37% |
| 2010-12-31 | $56.47 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Great Elm Capital Corp'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 19577246600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $115.00K | 0.08% |
| Other Components | $332.11 Million | 244.00% |
| Total Equity | $136.11 Million | 100.00% |
Great Elm Capital Corp Competitors by Market Cap
The table below lists competitors of Great Elm Capital Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Winston Gold Corp
PINK:WGMCF
|
$44.57K |
|
Winamp Group SA
PA:ALPET
|
$44.57K |
|
Dividend Select 15 Corp
PINK:DVVDF
|
$44.57K |
|
Justem Co. Ltd.
KO:417840
|
$44.59K |
|
LIBERTY INACT-A
MU:LB3A
|
$44.55K |
|
DIVIDEND 15 SPLIT A CD 15
F:641
|
$44.55K |
|
CDA SA
WAR:CDA
|
$44.52K |
|
Monroe Capital Corp
NASDAQ:MRCC
|
$44.44K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Great Elm Capital Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 98,739,000 to 136,113,000, a change of 37,374,000 (37.9%).
- Net income of 3,553,000 contributed positively to equity growth.
- Dividend payments of 15,075,000 reduced retained earnings.
- New share issuances of 48,713,000 increased equity.
- Other comprehensive income decreased equity by 98,739,000.
- Other factors increased equity by 98,922,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $3.55 Million | +2.61% |
| Dividends Paid | $15.07 Million | -11.08% |
| Share Issuances | $48.71 Million | +35.79% |
| Other Comprehensive Income | $-98.74 Million | -72.54% |
| Other Changes | $98.92 Million | +72.68% |
| Total Change | $- | 37.85% |
Book Value vs Market Value Analysis
This analysis compares Great Elm Capital Corp'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: 0.34x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.07x to 0.34x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-12-31 | $63.33 | $4.74 | x |
| 2011-12-31 | $49.65 | $4.74 | x |
| 2012-12-31 | $51.85 | $4.74 | x |
| 2013-12-31 | $50.34 | $4.74 | x |
| 2014-12-31 | $40.51 | $4.74 | x |
| 2015-12-31 | $21.36 | $4.74 | x |
| 2016-12-31 | $80.69 | $4.74 | x |
| 2017-12-31 | $68.10 | $4.74 | x |
| 2018-12-31 | $62.02 | $4.74 | x |
| 2019-12-31 | $50.86 | $4.74 | x |
| 2020-12-31 | $35.89 | $4.74 | x |
| 2021-12-31 | $18.30 | $4.74 | x |
| 2022-12-31 | $13.57 | $4.74 | x |
| 2023-12-31 | $12.99 | $4.74 | x |
| 2024-12-31 | $13.83 | $4.74 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Great Elm Capital Corp 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): 2.61%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.04%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 2.51x
- Recent ROE (2.61%) is above the historical average (-6.72%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 5.10% | 74.25% | 0.04x | 1.57x | $-2.77 Million |
| 2011 | 5.01% | 60.89% | 0.04x | 1.86x | $-2.67 Million |
| 2012 | 6.27% | 65.08% | 0.05x | 1.86x | $-2.26 Million |
| 2013 | -10.44% | 0.00% | -0.04x | 2.13x | $-14.92 Million |
| 2014 | -5.20% | 0.00% | -0.03x | 1.61x | $-15.19 Million |
| 2015 | -12.02% | 0.00% | -0.06x | 1.44x | $-17.77 Million |
| 2016 | -10.28% | -203.35% | 0.04x | 1.37x | $-35.08 Million |
| 2017 | -22.96% | -308.65% | 0.06x | 1.16x | $-21.83 Million |
| 2017 | -2.08% | -412.28% | 0.00x | 1.81x | $-15.98 Million |
| 2018 | -8.18% | 0.00% | -0.02x | 2.56x | $-20.02 Million |
| 2019 | -8.69% | 0.00% | -0.02x | 3.35x | $-16.24 Million |
| 2020 | -40.14% | 0.00% | -0.10x | 3.56x | $-39.92 Million |
| 2021 | -13.78% | 0.00% | -0.02x | 5.72x | $-17.73 Million |
| 2022 | -18.37% | 0.00% | -0.05x | 3.66x | $-24.06 Million |
| 2023 | 25.66% | 70.71% | 0.15x | 2.50x | $15.46 Million |
| 2024 | 2.61% | 9.04% | 0.11x | 2.51x | $-10.06 Million |
Industry Comparison
This section compares Great Elm Capital Corp's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $310,488,743
- Average return on equity (ROE) among peers: -23.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Great Elm Capital Corp (GECC) | $140.10 Million | 5.10% | 2.00x | $44.55K |
| Aberdeen International Inc (AABVF) | $136.31 Million | 25.56% | 0.23x | $2.78 Million |
| Acadian Asset Management Inc (AAMI) | $-17.60 Million | 0.00% | 0.00x | $1.39 Billion |
| AllianceBernstein Holding L.P. (AB) | $402.30 Million | 32.07% | 0.95x | $3.43 Billion |
| VIVO Cannabis Inc (ABCCF) | $164.13 Million | 16.36% | 0.09x | $148.26 Million |
| Associated Capital Group Inc (AC) | $502.13 Million | 5.33% | 0.17x | $42.54 Million |
| Adrian Resources Ltd (ADLRF) | $605.01 Million | 3.35% | 0.58x | $609.82 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $85.10 Million | -65.65% | 0.01x | $77.20K |
| AGF Management Limited (AGFMF) | $1.12 Billion | 10.14% | 3.56x | $298.43 Million |
| Agronomics Limited (AGNMF) | $100.03 Million | 1.02% | 0.02x | $57.14 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $6.11 Million | -266.31% | 0.76x | $2.71 Million |