Goldman Sachs BDC Inc
Goldman Sachs BDC, Inc. is a business development company specializing in middle market and mezzanine investment in private companies. It seeks to make capital appreciation through direct originations of secured debt, senior secured debt, junior secured debt, including first lien, first lien/last-out unitranche and second lien debt, unsecured debt, including mezzanine debt and, to a lesser extent… Read more
Goldman Sachs BDC Inc (GSBD) - Net Assets
Latest net assets as of September 2025: $1.45 Billion USD
Based on the latest financial reports, Goldman Sachs BDC Inc (GSBD) has net assets worth $1.45 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.39 Billion) and total liabilities ($1.93 Billion). 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 | $1.45 Billion |
| % of Total Assets | 42.98% |
| Annual Growth Rate | 32.98% |
| 5-Year Change | -2.63% |
| 10-Year Change | 128.37% |
| Growth Volatility | 297.78 |
Goldman Sachs BDC Inc - Net Assets Trend (2012–2024)
This chart illustrates how Goldman Sachs BDC Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Goldman Sachs BDC Inc (2012–2024)
The table below shows the annual net assets of Goldman Sachs BDC Inc from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.57 Billion | -1.82% |
| 2023-12-31 | $1.60 Billion | +6.62% |
| 2022-12-31 | $1.50 Billion | -6.94% |
| 2021-12-31 | $1.61 Billion | -0.05% |
| 2020-12-31 | $1.62 Billion | +138.88% |
| 2019-12-31 | $676.12 Million | -4.76% |
| 2018-12-31 | $709.89 Million | -2.20% |
| 2017-12-31 | $725.83 Million | +9.12% |
| 2016-12-31 | $665.14 Million | -3.41% |
| 2015-12-31 | $688.65 Million | +19.85% |
| 2014-12-31 | $574.58 Million | -5.46% |
| 2013-12-31 | $607.78 Million | +1081.94% |
| 2012-12-31 | $51.42 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Goldman Sachs BDC Inc'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 37348565500.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $117.00K | 0.01% |
| Other Components | $1.95 Billion | 123.75% |
| Total Equity | $1.57 Billion | 100.00% |
Goldman Sachs BDC Inc Competitors by Market Cap
The table below lists competitors of Goldman Sachs BDC Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bytes Technology Ltd
LSE:BYIT
|
$85.35K |
|
Homebiogas Ltd
TA:HMGS
|
$85.39K |
|
Chesnara
LSE:CSN
|
$85.41K |
|
Histogen Inc
NASDAQ:HSTO
|
$85.44K |
|
Hilong Holding Limited
PINK:HLONF
|
$85.15K |
|
Renewi PLC
LSE:RWI
|
$85.13K |
|
Scandion Oncology A/S
ST:SCOL
|
$85.13K |
|
MRWNS
OTCGREY:MRWNS
|
$85.04K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Goldman Sachs BDC Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,601,825,000 to 1,572,700,000, a change of -29,125,000 (-1.8%).
- Net income of 62,867,000 contributed positively to equity growth.
- Dividend payments of 197,704,000 reduced retained earnings.
- New share issuances of 109,932,000 increased equity.
- Other comprehensive income increased equity by 1,421,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $62.87 Million | +4.0% |
| Dividends Paid | $197.70 Million | -12.57% |
| Share Issuances | $109.93 Million | +6.99% |
| Other Comprehensive Income | $1.42 Million | +0.09% |
| Other Changes | $-5.64 Million | -0.36% |
| Total Change | $- | -1.82% |
Book Value vs Market Value Analysis
This analysis compares Goldman Sachs BDC Inc'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: 0.68x
- 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 0.36x to 0.68x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | $26.12 | $9.29 | x |
| 2013-12-31 | $20.44 | $9.29 | x |
| 2014-12-31 | $19.32 | $9.29 | x |
| 2015-12-31 | $19.80 | $9.29 | x |
| 2016-12-31 | $18.31 | $9.29 | x |
| 2017-12-31 | $18.79 | $9.29 | x |
| 2018-12-31 | $17.67 | $9.29 | x |
| 2019-12-31 | $16.77 | $9.29 | x |
| 2020-12-31 | $29.94 | $9.29 | x |
| 2021-12-31 | $15.88 | $9.29 | x |
| 2022-12-31 | $14.69 | $9.29 | x |
| 2023-12-31 | $14.79 | $9.29 | x |
| 2024-12-31 | $13.71 | $9.29 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Goldman Sachs BDC Inc 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): 4.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 32.67%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 2.29x
- Recent ROE (4.00%) is below the historical average (6.97%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 5.96% | 315.43% | 0.02x | 1.01x | $-2.08 Million |
| 2013 | 2.96% | 81.65% | 0.03x | 1.04x | $-42.79 Million |
| 2014 | 6.43% | 80.44% | 0.05x | 1.68x | $-20.54 Million |
| 2015 | 6.77% | 73.71% | 0.06x | 1.64x | $-22.24 Million |
| 2016 | 6.11% | 65.46% | 0.05x | 1.79x | $-25.86 Million |
| 2017 | 6.83% | 65.42% | 0.06x | 1.79x | $-23.04 Million |
| 2018 | 7.56% | 60.77% | 0.06x | 1.97x | $-17.31 Million |
| 2019 | 5.35% | 83.51% | 0.03x | 2.18x | $-31.46 Million |
| 2020 | 10.90% | 120.14% | 0.04x | 2.05x | $14.60 Million |
| 2021 | 11.92% | 113.13% | 0.05x | 2.20x | $30.99 Million |
| 2022 | 3.66% | 97.11% | 0.02x | 2.39x | $-95.24 Million |
| 2023 | 12.23% | 43.06% | 0.13x | 2.20x | $35.69 Million |
| 2024 | 4.00% | 32.67% | 0.05x | 2.29x | $-94.40 Million |
Industry Comparison
This section compares Goldman Sachs BDC Inc'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 |
|---|---|---|---|---|
| Goldman Sachs BDC Inc (GSBD) | $1.45 Billion | 5.96% | 1.33x | $85.16K |
| 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 |