Golub Capital BDC Inc (GBDC) — Tangible Net Worth Ratio
Golub Capital BDC Inc (GBDC) has a Tangible Net Worth Ratio of 100.0% as of September 2025. This metric is calculated by deducting intangible assets ($0.00) from net assets ($3.98 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. See Golub Capital BDC Inc short-term liquidity ratio to evaluate short-term liquidity relative to the company's equity base.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Golub Capital BDC Inc Tangible Net Worth Ratio (2009–2025)
This chart shows how Golub Capital BDC Inc's Tangible Net Worth Ratio has changed across 17 annual periods from 2009 to 2025. As of September 2025, the ratio stands at 100.0%, reflecting net assets of $3.98 Billion with intangible assets of $0.00 USD. See GBDC defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Tangible Net Worth Ratio for Golub Capital BDC Inc (2009–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Golub Capital BDC Inc from 2009 to 2025, covering 17 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For the full company profile including market capitalisation, see Golub Capital BDC Inc market cap and net worth.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 100.0% | $3.98 Billion | $0.00 | $8.98 Billion | ▲ +0.0 pp |
| 2024 | 100.0% | $4.01 Billion | $0.00 | $8.71 Billion | ▲ +0.0 pp |
| 2023 | 100.0% | $2.55 Billion | $0.00 | $5.73 Billion | ▲ +0.0 pp |
| 2022 | 100.0% | $2.54 Billion | $0.00 | $5.68 Billion | ▲ +0.0 pp |
| 2021 | 100.0% | $2.58 Billion | $0.00 | $5.16 Billion | ▲ +0.0 pp |
| 2020 | 100.0% | $2.40 Billion | $0.00 | $4.44 Billion | ▲ +0.0 pp |
| 2019 | 100.0% | $2.22 Billion | $0.00 | $4.39 Billion | ▲ +0.0 pp |
| 2018 | 100.0% | $968.85 Million | $0.00 | $1.84 Billion | ▲ +0.0 pp |
| 2017 | 100.0% | $957.95 Million | $0.00 | $1.75 Billion | ▲ +0.0 pp |
| 2016 | 100.0% | $878.83 Million | $0.00 | $1.76 Billion | ▲ +0.0 pp |
| 2015 | 100.0% | $810.87 Million | $0.00 | $1.63 Billion | ▲ +0.0 pp |
| 2014 | 100.0% | $732.74 Million | $0.00 | $1.44 Billion | ▲ +0.0 pp |
| 2013 | 100.0% | $658.24 Million | $0.00 | $1.09 Billion | ▲ +0.0 pp |
| 2012 | 100.0% | $375.13 Million | $0.00 | $734.10 Million | ▲ +0.0 pp |
| 2011 | 100.0% | $316.55 Million | $0.00 | $559.64 Million | ▲ +0.0 pp |
| 2010 | 100.0% | $260.54 Million | $0.00 | $442.76 Million | ▲ +0.0 pp |
| 2009 | 100.0% | $92.75 Million | $0.00 | $409.12 Million | — |