Palmer Square Capital BDC Inc. (PSBD) - Net Assets
Based on the latest financial reports, Palmer Square Capital BDC Inc. (PSBD) has net assets worth $406.15 Billion USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.13 Trillion) and total liabilities ($726.43 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. Check PSBD capital-intensive asset ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $406.15 Billion |
| % of Total Assets | 35.86% |
| Annual Growth Rate | N/A |
| 5-Year Change | 2.5% |
| 10-Year Change | N/A |
| Growth Volatility | 35.27 |
Palmer Square Capital BDC Inc. - Net Assets Trend (2019–2025)
This chart illustrates how Palmer Square Capital BDC Inc.'s net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see PSBD market cap.
Annual Net Assets for Palmer Square Capital BDC Inc. (2019–2025)
The table below shows the annual net assets of Palmer Square Capital BDC Inc. from 2019 to 2025. Also explore Palmer Square Capital BDC Inc. net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $464.12 Million | -13.71% |
| 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 12942755600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $31.26K | 0.01% |
| Other Components | $593.64 Million | 127.91% |
| Total Equity | $464.12 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 |
|---|---|
|
Wuxi Honghui New Materials Technology Co Ltd
SHE:002802
|
$318.78 Million |
|
Amorepacific Corp Pref
KO:090435
|
$318.92 Million |
|
TECHPOINT INC. JDR/1
F:R46
|
$318.93 Million |
|
Companhia Brasileira de Distribuição
SA:PCAR3
|
$318.93 Million |
|
SAB Biotherapeutics Inc
NASDAQ:SABS
|
$318.45 Million |
|
Guangxi Hechi Chemical Co Ltd
SHE:000953
|
$318.24 Million |
|
Shaanxi Panlong Pharmaceutical Group Limited By Share Ltd Class A
SHE:002864
|
$318.20 Million |
|
ADF Foods Limited
NSE:ADFFOODS
|
$318.12 Million |
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 2024 to 2025, total equity changed from 537,844,969 to 464,123,172, a change of -73,721,797 (-13.7%).
- Net loss of 3,169,730 reduced equity.
- Dividend payments of 55,279,319 reduced retained earnings.
- Share repurchases of 17,995,108 reduced equity.
- New share issuances of 514,649 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-3.17 Million | -0.68% |
| Dividends Paid | $55.28 Million | -11.91% |
| Share Repurchases | $18.00 Million | -3.88% |
| Share Issuances | $514.65K | +0.11% |
| Other Changes | $2.21 Million | +0.48% |
| Total Change | $- | -13.71% |
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: 0.72x
- 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 | $10.40 | x |
| 2020-12-31 | $7.88 | $10.40 | x |
| 2021-12-31 | $14.10 | $10.40 | x |
| 2022-12-31 | $11.32 | $10.40 | x |
| 2023-12-31 | $14.19 | $10.40 | x |
| 2024-12-31 | $16.50 | $10.40 | x |
| 2025-12-31 | $14.44 | $10.40 | 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): -0.68%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.85%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 2.63x
- Recent ROE (-0.68%) is below the historical average (3.69%), suggesting potential challenges in 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 |
| 2025 | -0.68% | -2.85% | 0.09x | 2.63x | $-49.58 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: $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 |
|---|---|---|---|---|
| Palmer Square Capital BDC Inc. (PSBD) | $406.15 Billion | 0.00% | 1.79x | $318.77 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 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.