Palmer Square Capital BDC Inc.
Palmer Square Capital BDC Inc. is a business development company specializing in direct investment. The Fund prefers to invest in corporate debt securities, collateralized loan obligation, and structured credit. The Fund prefers to invest in the United States.
Palmer Square Capital BDC Inc. (PSBD) - Net Assets
Latest net assets as of September 2025: $490.45 Billion USD
Based on the latest financial reports, Palmer Square Capital BDC Inc. (PSBD) has net assets worth $490.45 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 ($1.28 Trillion) and total liabilities ($791.08 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 | $490.45 Billion |
| % of Total Assets | 38.27% |
| Annual Growth Rate | N/A |
| 5-Year Change | 112.47% |
| 10-Year Change | N/A |
| Growth Volatility | 35.28 |
Palmer Square Capital BDC Inc. - Net Assets Trend (2019–2024)
This chart illustrates how Palmer Square Capital 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 Palmer Square Capital BDC Inc. (2019–2024)
The table below shows the annual net assets of Palmer Square Capital BDC Inc. from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $537.84 Million | +16.43% |
| 2023-12-31 | $461.96 Million | +27.11% |
| 2022-12-31 | $363.44 Million | -19.73% |
| 2021-12-31 | $452.80 Million | +78.87% |
| 2020-12-31 | $253.14 Million | +207465.00% |
| 2019-12-31 | $-122.08K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Palmer Square Capital 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 7318621800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $32.60K | 0.01% |
| Other Components | $611.12 Million | 113.62% |
| Total Equity | $537.84 Million | 100.00% |
Palmer Square Capital BDC Inc. Competitors by Market Cap
The table below lists competitors of Palmer Square Capital BDC Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
HUNTSMAN (HTR.SG)
STU:HTR
|
$97.72K |
|
Lake Superior Acquisition Corp. Class A Ordinary Shares
NASDAQ:LKSP
|
$97.76K |
|
NEW GOLD
MU:32N
|
$97.78K |
|
Sixt Leasing SE
STU:LNSX
|
$97.79K |
|
Illumination Acquisition Corp I Units
NASDAQ:ILLUU
|
$97.70K |
|
FIGX Capital Acquisition Corp. Units
NASDAQ:FIGXU
|
$97.66K |
|
Novus Robotics Inc
PINK:NRBT
|
$97.64K |
|
Kumyang Green Power Co. Ltd.
KO:282720
|
$97.60K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Palmer Square Capital BDC Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 461,955,393 to 537,844,969, a change of 75,889,576 (16.4%).
- Net income of 47,666,000 contributed positively to equity growth.
- Dividend payments of 46,590,819 reduced retained earnings.
- Share repurchases of 1,261,811 reduced equity.
- New share issuances of 91,726,366 increased equity.
- Other comprehensive income decreased equity by 461,955,393.
- Other factors increased equity by 446,305,233.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $47.67 Million | +8.86% |
| Dividends Paid | $46.59 Million | -8.66% |
| Share Repurchases | $1.26 Million | -0.23% |
| Share Issuances | $91.73 Million | +17.05% |
| Other Comprehensive Income | $-461.96 Million | -85.89% |
| Other Changes | $446.31 Million | +82.98% |
| Total Change | $- | 16.43% |
Book Value vs Market Value Analysis
This analysis compares Palmer Square Capital 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: 0.64x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $0.00 | $10.59 | x |
| 2020-12-31 | $7.88 | $10.59 | x |
| 2021-12-31 | $14.10 | $10.59 | x |
| 2022-12-31 | $11.32 | $10.59 | x |
| 2023-12-31 | $14.19 | $10.59 | x |
| 2024-12-31 | $16.50 | $10.59 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Palmer Square Capital 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): 8.86%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 43.21%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 2.66x
- Recent ROE (8.86%) is above the historical average (4.41%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 0.00% | 0.00% | 0.00x | 0.00x | $-111.37K |
| 2020 | 10.56% | 109.34% | 0.04x | 2.64x | $1.42 Million |
| 2021 | 4.21% | 64.52% | 0.02x | 2.69x | $-26.22 Million |
| 2022 | -20.49% | 0.00% | -0.05x | 2.91x | $-110.83 Million |
| 2023 | 23.34% | 70.18% | 0.14x | 2.43x | $61.64 Million |
| 2024 | 8.86% | 43.21% | 0.08x | 2.66x | $-6.12 Million |
Industry Comparison
This section compares Palmer Square Capital 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 |
|---|---|---|---|---|
| Palmer Square Capital BDC Inc. (PSBD) | $490.45 Billion | 0.00% | 1.61x | $97.71K |
| 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 |