Great Elm Capital Corp (GECC) - Net Assets
Based on the latest financial reports, Great Elm Capital Corp (GECC) has net assets worth $110.42 Million USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($279.98 Million) and total liabilities ($169.56 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 Great Elm Capital Corp (GECC) strategic investment index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $110.42 Million |
| % of Total Assets | 39.44% |
| Annual Growth Rate | 4.73% |
| 5-Year Change | 51.49% |
| 10-Year Change | 70.55% |
| Growth Volatility | 43.16 |
Great Elm Capital Corp - Net Assets Trend (2010–2025)
This chart illustrates how Great Elm Capital Corp's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see GECC stock market capitalisation.
Annual Net Assets for Great Elm Capital Corp (2010–2025)
The table below shows the annual net assets of Great Elm Capital Corp from 2010 to 2025. Also explore net asset momentum of Great Elm Capital Corp to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $112.95 Million | -17.02% |
| 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 24563146600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $140.00K | 0.12% |
| Other Components | $358.78 Million | 317.65% |
| Total Equity | $112.95 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 |
|---|---|
|
Münchener Tierpark Hellabrunn AG
MU:MTP
|
$75.60 Million |
|
Aero Win Technology Corp
TW:8222
|
$75.62 Million |
|
Pinar Sut Mamulleri Sanayi AS
IS:PNSUT
|
$75.62 Million |
|
Jinhui Shipping and Transportation Limited
OL:JIN
|
$75.65 Million |
|
Viatron Technologies Inc
KQ:141000
|
$75.53 Million |
|
Shanghai Shibei Hi-Tech Co Ltd B
SHG:900902
|
$75.47 Million |
|
Nature and Environment Co. Ltd
KQ:043910
|
$75.46 Million |
|
Citius Oncology, Inc.
NASDAQ:CTOR
|
$75.45 Million |
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 2024 to 2025, total equity changed from 136,113,000 to 112,946,000, a change of -23,167,000 (-17.0%).
- Net loss of 31,789,000 reduced equity.
- Dividend payments of 19,240,000 reduced retained earnings.
- New share issuances of 27,285,000 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-31.79 Million | -28.15% |
| Dividends Paid | $19.24 Million | -17.03% |
| Share Issuances | $27.29 Million | +24.16% |
| Other Changes | $577.00K | +0.51% |
| Total Change | $- | -17.02% |
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: 0.60x
- 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 0.09x to 0.60x 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 | $5.44 | x |
| 2011-12-31 | $49.65 | $5.44 | x |
| 2012-12-31 | $51.85 | $5.44 | x |
| 2013-12-31 | $50.34 | $5.44 | x |
| 2014-12-31 | $40.51 | $5.44 | x |
| 2015-12-31 | $21.36 | $5.44 | x |
| 2016-12-31 | $80.69 | $5.44 | x |
| 2017-12-31 | $68.10 | $5.44 | x |
| 2018-12-31 | $62.02 | $5.44 | x |
| 2019-12-31 | $50.86 | $5.44 | x |
| 2020-12-31 | $35.89 | $5.44 | x |
| 2021-12-31 | $18.30 | $5.44 | x |
| 2022-12-31 | $13.57 | $5.44 | x |
| 2023-12-31 | $12.99 | $5.44 | x |
| 2024-12-31 | $13.83 | $5.44 | x |
| 2025-12-31 | $9.14 | $5.44 | 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): -28.15%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -71.47%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 3.02x
- Recent ROE (-28.15%) is below the historical average (-7.98%), suggesting potential challenges in 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% | 60.40% | 0.17x | 2.50x | $15.46 Million |
| 2024 | 2.61% | 15.19% | 0.07x | 2.51x | $-10.06 Million |
| 2025 | -28.15% | -71.47% | 0.13x | 3.02x | $-43.08 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: $841,312,488
- Average return on equity (ROE) among peers: -23.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Great Elm Capital Corp (GECC) | $110.42 Million | 5.10% | 1.54x | $75.57 Million |
| Acadian Asset Management Inc (AAMI) | $-21.60 Million | 0.00% | 0.00x | $3.21 Billion |
| AllianceBernstein Holding L.P. (AB) | $1.60 Billion | 17.42% | 0.00x | $3.29 Billion |
| Associated Capital Group Inc (AC) | $916.05 Million | -6.34% | 0.04x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $441.58 Million | -2.00% | 0.15x | $265.69 Million |
| AFC Gamma Inc (AFCG) | $201.38 Million | 8.33% | 1.00x | $78.22 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $1.40 Million | -229.54% | 1.40x | $194.14 Million |
| Alpha Compute Corp (ALP) | $-827.00K | 0.00% | 0.00x | $5.62 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $782.49 Million | -21.16% | 0.62x | $327.89 Million |
| Amber International Holding Limited (AMBR) | $104.00 Million | -10.04% | 1.99x | $92.17 Million |
| Affiliated Managers Group, Inc. (AMG) | $4.38 Billion | 12.90% | 1.02x | $9.30 Billion |
About 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 invests in income-generating debt and equity investments, with an emphasis on specialty finance companies. The fund prefers to invest in media, commercial services and supplies, healthcare, telecommuni… Read more