Goldman Sachs BDC Key Executives
This section highlights Goldman Sachs BDC's key executives, including their titles and compensation details.
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Goldman Sachs BDC Earnings
This section highlights Goldman Sachs BDC's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q4 | 2024 | 2025-02-28 | N/A | N/A |
| Read Transcript | Q3 | 2024 | 2024-11-08 | $0.55 | $0.58 |
| Read Transcript | Q2 | 2024 | 2024-08-09 | N/A | N/A |
| Read Transcript | Q1 | 2024 | 2024-05-08 | N/A | N/A |
| Read Transcript | Q4 | 2023 | 2024-02-29 | N/A | N/A |
| Read Transcript | Q3 | 2023 | 2023-11-08 | N/A | N/A |
| Read Transcript | Q2 | 2023 | 2023-08-04 | N/A | N/A |
| Read Transcript | Q1 | 2023 | 2023-05-05 | N/A | N/A |
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, investments in equities. The fund primarily invests in United States. It seeks to invest between $10 million and $75 million in companies with EBITDA between $5 million and $75 million annually.
$12.27
Stock Price
$1.44B
Market Cap
500
Employees
New York, NY
Location
Financial Statements
Access annual & quarterly financial statements for Goldman Sachs BDC, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Revenue | $434.37M | $454.91M | $56.64M | $170.09M | $146.59M |
| Cost of Revenue | $- | $- | $36.30M | $41.73M | $15.71M |
| Gross Profit | $434.37M | $454.91M | $20.34M | $128.36M | $130.88M |
| Gross Profit Ratio | 100.00% | 100.00% | 35.92% | 75.50% | 89.29% |
| Research and Development Expenses | $- | $- | $0 | $1 | $1 |
| General and Administrative Expenses | $9.53M | $91.53M | $8.67M | $7.60M | $6.03M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $9.53M | $91.53M | $8.67M | $7.60M | $6.03M |
| Other Expenses | $- | $- | $-11.72M | $-31.58M | $-36.99M |
| Operating Expenses | $9.53M | $91.53M | $-3.06M | $-23.97M | $-30.96M |
| Cost and Expenses | $9.53M | $91.53M | $-3.06M | $-23.97M | $-30.96M |
| Interest Income | $374.20M | $417.00M | $330.89M | $326.03M | $162.77M |
| Interest Expense | $113.72M | $111.30M | $79.46M | $58.99M | $39.90M |
| Depreciation and Amortization | $- | $-363.38M | $201.03M | $138.41M | $-93.66M |
| EBITDA | $- | $- | $- | $- | $- |
| EBITDA Ratio | 0.00% | 0.00% | 245.69% | 114.09% | 121.12% |
| Operating Income | $424.84M | $363.38M | $139.16M | $194.07M | $177.55M |
| Operating Income Ratio | 97.81% | 79.88% | 245.69% | 114.09% | 121.12% |
| Total Other Income Expenses Net | $-356.49M | $-162.03M | $- | $41.73M | $- |
| Income Before Tax | $68.35M | $201.35M | $59.70M | $194.07M | $177.55M |
| Income Before Tax Ratio | 15.74% | 44.26% | 105.39% | 114.09% | 121.12% |
| Income Tax Expense | $5.48M | $5.48M | $4.69M | $1.64M | $1.43M |
| Net Income | $62.87M | $195.87M | $55.00M | $192.43M | $176.11M |
| Net Income Ratio | 14.47% | 43.06% | 97.11% | 113.13% | 120.14% |
| EPS | $0.55 | $1.81 | $0.54 | $1.89 | $3.26 |
| EPS Diluted | $0.55 | $1.81 | $0.54 | $1.89 | $3.26 |
| Weighted Average Shares Outstanding | 114.67M | 108.31M | 102.26M | 101.69M | 53.94M |
| Weighted Average Shares Outstanding Diluted | 114.67M | 108.31M | 102.26M | 101.69M | 53.94M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $103.80M | $110.41M | $75.94M | $94.56M | $87.99M | $120.06M | $68.83M | $29.38M | $8.07M | $-4.74M | $17.43M | $35.87M | $33.93M | $38.73M | $47.03M | $50.40M | $142.27M | $32.46M | $34.51M | $31.97M |
| Cost of Revenue | $- | $- | $8.87M | $19.61M | $21.75M | $15.11M | $16.81M | $29.24M | $9.06M | $-99.95M | $8.61M | $9.46M | $9.13M | $15.85M | $9.05M | $7.70M | $- | $- | $- | $94.62M |
| Gross Profit | $103.80M | $110.41M | $67.08M | $74.94M | $66.24M | $104.95M | $52.03M | $143.00K | $-992.00K | $95.22M | $8.82M | $26.41M | $24.80M | $22.88M | $37.98M | $42.70M | $142.27M | $32.46M | $34.51M | $-62.65M |
| Gross Profit Ratio | 100.00% | 100.00% | 88.30% | 79.30% | 75.30% | 87.40% | 75.60% | 0.50% | -12.30% | -2010.10% | 50.60% | 73.60% | 73.10% | 59.10% | 80.80% | 84.70% | 100.00% | 100.00% | 100.00% | -195.94% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $2.95M | $2.38M | $2.45M | $2.38M | $2.04M | $2.12M | $2.12M | $2.14M | $2.19M | $2.06M | $2.22M | $2.19M | $1.96M | $1.75M | $1.84M | $2.06M | $1.74M | $1.37M | $1.45M | $1.47M |
| Selling and Marketing Expenses | $- | $207.00K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $2.95M | $2.59M | $2.45M | $2.38M | $2.04M | $2.12M | $2.12M | $2.14M | $2.19M | $2.06M | $2.22M | $2.19M | $1.96M | $1.75M | $1.84M | $2.06M | $1.74M | $1.37M | $1.45M | $1.47M |
| Other Expenses | $39.17M | $- | $- | $-5.30M | $18.31M | $-21.99M | $4.14M | $-1.99M | $4.18M | $- | $-4.18M | $-7.54M | $- | $- | $-2.55M | $-10.39M | $- | $- | $- | $- |
| Operating Expenses | $42.12M | $2.38M | $2.45M | $5.30M | $-18.31M | $2.12M | $2.12M | $156.00K | $2.19M | $2.06M | $-1.96M | $-5.35M | $-5.43M | $310.00K | $-8.36M | $-10.50M | $-30.70M | $-364.00K | $-698.00K | $806.00K |
| Cost and Expenses | $42.12M | $2.38M | $100.78M | $24.92M | $3.44M | $2.12M | $1.91M | $1.94M | $2.19M | $80.39M | $-1.96M | $-5.35M | $-5.43M | $310.00K | $-8.36M | $-10.50M | $-30.70M | $-364.00K | $-698.00K | $806.00K |
| Interest Income | $86.22M | $99.14M | $95.19M | $97.57M | $106.17M | $109.12M | $102.48M | $98.64M | $98.80M | $88.45M | $71.87M | $71.77M | $79.11M | $90.19M | $78.47M | $78.26M | $75.29M | $28.61M | $28.99M | $30.48M |
| Interest Expense | $27.70M | $29.30M | $29.10M | $27.61M | $28.09M | $28.17M | $27.77M | $27.26M | $25.64M | $21.98M | $16.18M | $15.67M | $15.04M | $14.45M | $14.54M | $14.97M | $13.00M | $8.89M | $9.11M | $8.89M |
| Depreciation and Amortization | $- | $- | $-97.30M | $-89.55M | $-91.58M | $-102.63M | $-93.15M | $-76.03M | $-95.22M | $-84.00M | $-66.62M | $-66.65M | $-72.67M | $-79.09M | $-73.02M | $-72.86M | $-68.58M | $-27.46M | $-27.68M | $-27.50M |
| EBITDA | $- | $- | $-47.90M | $- | $- | $-24.85M | $3.31M | $-18.09M | $- | $- | $3.23M | $999.00K | $-18.55M | $-27.68M | $-1.05M | $3.94M | $- | $14.25M | $- | $- |
| EBITDA Ratio | 0.00% | 0.00% | -32.71% | 73.65% | 96.09% | 62.01% | 94.98% | 258.76% | 390.52% | 1914.04% | 204.03% | 158.60% | 160.31% | 136.51% | 148.67% | 150.53% | 130.72% | 128.51% | 128.43% | -170.64% |
| Operating Income | $61.68M | $108.03M | $-24.84M | $69.64M | $84.55M | $74.45M | $65.38M | $56.49M | $133.91M | $84.00M | $1.96M | $5.35M | $5.43M | $-310.00K | $8.36M | $10.50M | $30.70M | $364.00K | $698.00K | $-806.00K |
| Operating Income Ratio | 59.42% | 97.84% | -32.71% | 73.65% | 96.09% | 62.01% | 94.98% | 192.27% | 1659.16% | -1773.21% | 11.24% | 14.92% | 16.00% | -0.80% | 17.77% | 20.83% | 21.58% | 1.12% | 2.02% | -2.52% |
| Total Other Income Expenses Net | $-22.50M | $-69.22M | $-126.68M | $-45.99M | $-39.32M | $-28.17M | $-26.44M | $-46.80M | $-89.34M | $-90.80M | $-47.23M | $-25.43M | $-33.31M | $-40.66M | $-17.63M | $-11.97M | $104.39M | $5.36M | $7.52M | $-94.62M |
| Income Before Tax | $39.17M | $38.81M | $-53.19M | $43.56M | $52.26M | $74.45M | $66.71M | $29.22M | $5.88M | $-6.80M | $19.39M | $41.22M | $39.36M | $38.42M | $55.39M | $60.90M | $172.97M | $32.82M | $35.21M | $-63.45M |
| Income Before Tax Ratio | 37.74% | 35.15% | -70.04% | 46.07% | 59.39% | 62.01% | 96.92% | 99.47% | 72.83% | 143.57% | 111.24% | 114.92% | 116.00% | 99.20% | 117.77% | 120.83% | 121.58% | 101.12% | 102.02% | -198.46% |
| Income Tax Expense | $1.63M | $1.73M | $1.02M | $1.11M | $1.70M | $1.50M | $1.05M | $1.16M | $2.21M | $699.00K | $718.00K | $1.06M | $404.00K | $388.00K | $419.00K | $428.00K | $334.00K | $382.00K | $389.00K | $328.00K |
| Net Income | $37.55M | $37.08M | $-54.21M | $42.45M | $50.55M | $72.95M | $65.66M | $28.06M | $3.67M | $-7.50M | $18.68M | $40.16M | $38.95M | $38.03M | $54.97M | $60.47M | $172.63M | $32.44M | $34.82M | $-63.78M |
| Net Income Ratio | 36.17% | 33.58% | -71.39% | 44.90% | 57.45% | 60.76% | 95.40% | 95.52% | 45.45% | 158.33% | 107.12% | 111.95% | 114.81% | 98.20% | 116.87% | 119.99% | 121.34% | 99.94% | 100.90% | -199.49% |
| EPS | $0.32 | $0.32 | $-0.47 | $0.39 | $0.46 | $0.67 | $0.60 | $0.27 | $0.04 | $-0.07 | $0.18 | $0.39 | $0.38 | $0.37 | $0.54 | $0.60 | $3.20 | $0.80 | $0.86 | $-1.58 |
| EPS Diluted | $0.32 | $0.32 | $-0.47 | $0.39 | $0.46 | $0.67 | $0.60 | $0.27 | $0.04 | $-0.07 | $0.18 | $0.39 | $0.38 | $0.37 | $0.54 | $0.60 | $3.20 | $0.80 | $0.86 | $-1.58 |
| Weighted Average Shares Outstanding | 117.30M | 116.94M | 114.36M | 110.08M | 109.56M | 109.54M | 109.46M | 104.59M | 102.85M | 102.37M | 101.97M | 101.87M | 101.69M | 101.73M | 101.65M | 101.58M | 53.94M | 40.44M | 40.40M | 40.40M |
| Weighted Average Shares Outstanding Diluted | 117.30M | 116.94M | 114.36M | 110.08M | 109.56M | 109.54M | 109.46M | 104.59M | 102.85M | 102.37M | 101.97M | 101.87M | 101.69M | 101.73M | 101.65M | 101.58M | 53.94M | 40.44M | 40.40M | 40.40M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $61.80M | $52.36M | $39.60M | $33.76M | $32.14M |
| Short Term Investments | $-25.24M | $- | $- | $- | $- |
| Cash and Short Term Investments | $61.80M | $52.36M | $39.60M | $33.76M | $32.14M |
| Net Receivables | $28.09M | $38.53M | $31.78M | $23.28M | $24.19M |
| Inventory | $- | $- | $- | $- | $- |
| Other Current Assets | $- | $-38.53M | $-31.78M | $-23.28M | $-24.19M |
| Total Current Assets | $89.89M | $90.90M | $71.38M | $57.13M | $56.33M |
| Property Plant Equipment Net | $- | $- | $- | $- | $- |
| Goodwill | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- |
| Long Term Investments | $3.50B | $3.41B | $3.51B | $3.48B | $3.24B |
| Tax Assets | $- | $- | $3.59B | $3.55B | $3.31B |
| Other Non-Current Assets | $-3.50B | $-3.41B | $-3.51B | $-3.48B | $-3.24B |
| Total Non-Current Assets | $3.50B | $6.85B | $3.51B | $3.48B | $3.24B |
| Other Assets | $13.00M | $3.52B | $3.59B | $3.55B | $3.31B |
| Total Assets | $3.60B | $3.52B | $3.59B | $3.55B | $3.31B |
| Account Payables | $74.07M | $62.67M | $59.59M | $60.75M | $55.85M |
| Short Term Debt | $- | $- | $- | $- | $- |
| Tax Payables | $- | $-1.42M | $-1.42M | $-1.42M | $-1.42M |
| Deferred Revenue | $- | $- | $-1.95B | $-1.80B | $-1.57B |
| Other Current Liabilities | $-74.07M | $-61.25M | $-58.17M | $-59.33M | $-54.43M |
| Total Current Liabilities | $89.18M | $178.62M | $59.59M | $60.75M | $55.85M |
| Long Term Debt | $- | $1.83B | $2.01B | $1.86B | $1.63B |
| Deferred Revenue Non-Current | $- | $- | $2.09B | $1.94B | $1.70B |
| Deferred Tax Liabilities Non-Current | $- | $- | $-2.09B | $-75.17M | $-70.16M |
| Other Non-Current Liabilities | $- | $-1.83B | $-2.01B | $-1.86B | $-1.63B |
| Total Non-Current Liabilities | $- | $1.83B | $2.01B | $1.86B | $1.63B |
| Other Liabilities | $2.03B | $1.92B | $2.09B | $1.94B | $1.70B |
| Total Liabilities | $2.03B | $1.92B | $2.09B | $1.94B | $1.70B |
| Preferred Stock | $- | $- | $1.42M | $1.42M | $1.42M |
| Common Stock | $117.00K | $110.00K | $103.00K | $102.00K | $102.00K |
| Retained Earnings | $- | $-224.58M | $-206.20M | $-55.02M | $-5.35M |
| Accumulated Other Comprehensive Income Loss | $- | $- | $-1.42M | $-1.42M | $-1.42M |
| Other Total Stockholders Equity | $1.57B | $1.83B | $1.71B | $1.67B | $1.62B |
| Total Stockholders Equity | $1.57B | $1.60B | $1.50B | $1.61B | $1.62B |
| Total Equity | $1.57B | $1.60B | $3.48B | $3.44B | $3.21B |
| Total Liabilities and Stockholders Equity | $3.60B | $3.52B | $3.59B | $3.55B | $3.31B |
| Minority Interest | $- | $- | $1.97B | $1.83B | $1.59B |
| Total Liabilities and Total Equity | $3.60B | $3.52B | $3.59B | $3.55B | $3.31B |
| Total Investments | $3.48B | $3.41B | $3.51B | $3.48B | $3.24B |
| Total Debt | $- | $1.83B | $2.01B | $1.86B | $1.63B |
| Net Debt | $-61.80M | $1.77B | $1.97B | $1.83B | $1.59B |
Balance Sheet Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $61.80B | $52.96M | $61.61M | $52.32M | $52.36M | $76.60M | $42.41M | $47.17M | $39.60M | $32.67M | $44.77M | $31.41M | $33.76M | $171.60M | $119.92M | $45.49M | $32.14M | $17.58M | $16.32M | $22.05M |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-41.00K | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $61.80B | $52.96M | $61.61M | $52.32M | $52.36M | $76.60M | $42.41M | $47.17M | $39.60M | $32.67M | $44.77M | $31.41M | $33.76M | $171.60M | $119.92M | $45.49M | $32.14M | $17.58M | $16.32M | $22.05M |
| Net Receivables | $28.09B | $32.79M | $33.93M | $38.21M | $38.53M | $30.83M | $32.08M | $30.22M | $31.78M | $44.31M | $22.20M | $20.96M | $23.28M | $22.04M | $21.67M | $26.23M | $24.19M | $10.02M | $8.56M | $13.23M |
| Inventory | $- | $- | $- | $- | $- | $- | $- | $- | $- | $1 | $1 | $- | $- | $- | $- | $- | $-32.14M | $-114.81M | $-105.82M | $-86.47M |
| Other Current Assets | $- | $-32.79M | $-33.93M | $-38.21M | $-38.53M | $-30.83M | $-32.08M | $-30.22M | $-31.78M | $-44.31M | $-22.20M | $-20.96M | $-23.28M | $-22.04M | $-21.67M | $-26.23M | $-24.19M | $-10.02M | $-8.56M | $-13.23M |
| Total Current Assets | $89.89B | $85.75M | $95.54M | $90.53M | $90.90M | $107.43M | $74.50M | $76.97M | $71.38M | $77.09M | $22.20M | $20.96M | $23.37M | $22.04M | $21.67M | $26.23M | $24.19M | $10.02M | $8.56M | $13.23M |
| Property Plant Equipment Net | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Long Term Investments | $3.50B | $3.44B | $3.52B | $3.44B | $3.41B | $3.44B | $3.55B | $3.51B | $3.51B | $3.62B | $3.59B | $3.48B | $3.48B | $3.11B | $3.16B | $3.20B | $3.24B | $1.53B | $1.51B | $1.49B |
| Tax Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $- | $-3.44B | $-3.52B | $-3.44B | $-3.41B | $-3.44B | $-3.55B | $-3.51B | $-3.51B | $-3.62B | $-3.59B | $-3.48B | $-3.48B | $-3.11B | $-3.16B | $-3.20B | $-3.24B | $-1.53B | $-1.51B | $-1.49B |
| Total Non-Current Assets | $3.50B | $3.44B | $1.51M | $3.46B | $3.43B | $3.44B | $3.55B | $3.51B | $3.51B | $3.63B | $3.68B | $3.54B | $3.55B | $3.32B | $3.31B | $3.29B | $3.31B | $1.57B | $1.55B | $1.53B |
| Other Assets | $3.51T | $3.55B | $3.63B | $3.55B | $3.52B | $3.56B | $3.64B | $3.61B | $3.59B | $3.71B | $3.68B | $3.54B | $3.55B | $3.32B | $3.31B | $3.29B | $3.31B | $1.57B | $1.55B | $1.53B |
| Total Assets | $3.60T | $3.55B | $3.63B | $3.55B | $3.52B | $3.56B | $3.64B | $3.61B | $3.59B | $3.71B | $3.68B | $3.54B | $3.55B | $3.32B | $3.31B | $3.29B | $3.31B | $1.57B | $1.55B | $1.53B |
| Account Payables | $74.07M | $60.91M | $74.31M | $59.20M | $62.67M | $55.31M | $61.99M | $54.97M | $59.59M | $53.03M | $59.43M | $55.30M | $60.75M | $56.00M | $80.85M | $57.48M | $55.85M | $24.17M | $25.84M | $25.38M |
| Short Term Debt | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Tax Payables | $- | $- | $- | $-1.42M | $-1.42M | $-1.42M | $-1.42M | $-1.42M | $-1.42M | $- | $-1.42B | $-1.42M | $-1.42M | $-1.42M | $-1.42M | $-1.42M | $-1.42M | $-1.42M | $-1.42M | $-1.42M |
| Deferred Revenue | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Current Liabilities | $15.11M | $-60.91M | $-74.31M | $-57.78M | $-61.25M | $25.61M | $25.00M | $36.48M | $-58.17M | $15.76M | $1.36B | $-53.87M | $-59.33M | $17.11M | $-8.41M | $-56.06M | $-54.43M | $-22.75M | $-24.42M | $-23.96M |
| Total Current Liabilities | $89.18M | $69.76M | $74.31M | $-1.42M | $62.67M | $-1.42M | $-1.42M | $-1.42M | $59.59M | $68.79M | $59.43M | $55.30M | $60.75M | $56.00M | $80.85M | $57.48M | $55.85M | $24.17M | $25.84M | $25.38M |
| Long Term Debt | $- | $1.88B | $1.94B | $1.83B | $1.83B | $1.88B | $1.96B | $1.94B | $2.01B | $- | $2.02B | $1.87B | $1.86B | $1.63B | $1.58B | $1.59B | $1.63B | $911.68M | $909.26M | $908.07M |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $- | $-1.52B | $-1.94B | $-1.83B | $-1.83B | $-1.88B | $-1.96B | $-1.94B | $-2.01B | $-2.10B | $-2.02B | $-1.87B | $-1.86B | $-1.63B | $-1.58B | $-1.59B | $-1.63B | $-911.68M | $-909.26M | $-908.07M |
| Total Non-Current Liabilities | $- | $1.89B | $2.03B | $1.92B | $1.92B | $1.96B | $2.04B | $2.03B | $2.01B | $2.10B | $2.09B | $1.93B | $1.94B | $1.70B | $1.68B | $1.66B | $1.70B | $943.03M | $939.11M | $938.62M |
| Other Liabilities | $2.03B | $1.96B | $2.03B | $1.92B | $1.92B | $1.96B | $2.04B | $2.03B | $2.09B | $2.17B | $2.09B | $1.93B | $1.94B | $1.70B | $1.68B | $1.66B | $1.70B | $943.03M | $939.11M | $938.62M |
| Total Liabilities | $2.03B | $1.96B | $2.03B | $1.92B | $1.92B | $1.96B | $2.04B | $2.03B | $2.09B | $2.17B | $2.09B | $1.93B | $1.94B | $1.70B | $1.68B | $1.66B | $1.70B | $943.03M | $939.11M | $938.62M |
| Preferred Stock | $- | $- | $- | $- | $- | $1.42M | $1.42M | $1.42M | $1.42M | $- | $1.42M | $1.42M | $1.42M | $1.42M | $1.42M | $1.42M | $- | $1 | $- | $1 |
| Common Stock | $117.00K | $117.00K | $117.00K | $112.00K | $110.00K | $110.00K | $109.00K | $109.00K | $103.00K | $103.00K | $102.00K | $102.00K | $102.00K | $102.00K | $102.00K | $102.00K | $102.00K | $40.00K | $40.00K | $40.00K |
| Retained Earnings | $-373.67M | $-354.96M | $-339.32M | $-232.57M | $-224.58M | $-208.70M | $-210.99M | $-227.40M | $-206.20M | $-141.72M | $-87.97M | $-60.71M | $-55.02M | $-4.39M | $8.45M | $4.32M | $-5.35M | $-151.71M | $-165.95M | $-182.59M |
| Accumulated Other Comprehensive Income Loss | $- | $- | $0 | $-1.42M | $-1.42M | $-1.42M | $-1.42M | $-1.42M | $-1.42M | $-0 | $-1.42M | $-1.42M | $-1.42M | $-1.42M | $-1.42M | $-1.42M | $-0 | $0 | $0 | $0 |
| Other Total Stockholders Equity | $1.57T | $1.94B | $1.94B | $1.87B | $1.83B | $1.81B | $1.81B | $1.81B | $1.71B | $1.69B | $1.67B | $1.67B | $1.67B | $1.63B | $1.62B | $1.62B | $1.62B | $778.10M | $778.83M | $777.41M |
| Total Stockholders Equity | $1.57T | $1.59B | $1.60B | $1.63B | $1.60B | $1.60B | $1.60B | $1.58B | $1.50B | $1.54B | $1.59B | $1.61B | $1.61B | $1.62B | $1.63B | $1.63B | $1.62B | $626.42M | $611.50M | $594.86M |
| Total Equity | $1.57T | $1.59B | $1.60B | $1.63B | $1.60B | $1.60B | $1.60B | $1.58B | $1.50B | $1.54B | $1.59B | $1.61B | $1.61B | $1.62B | $1.63B | $1.63B | $1.62B | $626.42M | $611.50M | $594.86M |
| Total Liabilities and Stockholders Equity | $3.60T | $3.55B | $3.63B | $3.55B | $3.52B | $3.56B | $3.64B | $3.61B | $3.59B | $3.71B | $3.68B | $3.54B | $3.55B | $3.32B | $3.31B | $3.29B | $3.31B | $1.57B | $1.55B | $1.53B |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $3.60T | $3.55B | $3.63B | $3.55B | $3.52B | $3.56B | $3.64B | $3.61B | $3.59B | $3.71B | $3.68B | $3.54B | $3.55B | $3.32B | $3.31B | $3.29B | $3.31B | $1.57B | $1.55B | $1.53B |
| Total Investments | $3.50B | $3.44B | $3.52B | $3.44B | $3.41B | $3.44B | $3.55B | $3.51B | $3.51B | $3.62B | $3.59B | $3.48B | $3.48B | $3.11B | $3.16B | $3.20B | $3.24B | $1.53B | $1.51B | $1.49B |
| Total Debt | $- | $- | $1.94B | $1.83B | $1.83B | $1.88B | $1.96B | $1.94B | $2.01B | $2.10B | $2.02B | $1.87B | $1.86B | $1.63B | $1.58B | $1.59B | $1.63B | $911.68M | $909.26M | $908.07M |
| Net Debt | $-61.80B | $-52.96M | $1.88B | $1.78B | $1.77B | $1.80B | $1.91B | $1.89B | $1.97B | $2.06B | $1.98B | $1.83B | $1.83B | $1.45B | $1.46B | $1.55B | $1.59B | $894.11M | $892.95M | $886.02M |
Annual Cash Flow
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Net Income | $- | $195.87M | $55.00M | $192.43M | $176.11M |
| Depreciation and Amortization | $11.23M | $- | $1.37M | $2.78M | $-137.94M |
| Deferred Income Tax | $- | $- | $- | $- | $- |
| Stock Based Compensation | $- | $- | $- | $- | $- |
| Change in Working Capital | $- | $6.46M | $-6.64M | $5.83M | $-12.15M |
| Accounts Receivables | $10.44M | $- | $-8.50M | $826.00K | $-4.11M |
| Inventory | $- | $- | $- | $- | $- |
| Accounts Payables | $- | $- | $-67.00K | $520.00K | $-7.72M |
| Other Working Capital | $5.32M | $6.46M | $1.93M | $4.49M | $-314.00K |
| Other Non Cash Items | $-8.78M | $98.36M | $-22.30M | $-230.89M | $139.76M |
| Net Cash Provided by Operating Activities | $2.46M | $300.69M | $27.44M | $-29.86M | $165.78M |
| Investments in Property Plant and Equipment | $- | $- | $- | $- | $- |
| Acquisitions Net | $- | $- | $- | $- | $- |
| Purchases of Investments | $-995.85M | $-394.35M | $-1.71B | $-1.72B | $-2.11B |
| Sales Maturities of Investments | $822.49M | $508.06M | $1.53B | $1.54B | $426.24M |
| Other Investing Activities | $- | $- | $- | $- | $- |
| Net Cash Used for Investing Activities | $- | $- | $-179.42M | $-179.42M | $-1.69B |
| Debt Repayment | $103.61M | $-189.16M | $147.68M | $229.34M | $27.27M |
| Common Stock Issued | $109.93M | $98.08M | $14.01M | $- | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $- |
| Dividends Paid | $-197.70M | $-190.96M | $-180.00M | $-193.04M | $-145.60M |
| Other Financing Activities | $-8.69M | $-5.96M | $-3.44M | $-4.61M | $-24.78M |
| Net Cash Used Provided by Financing Activities | $7.15M | $-287.99M | $-21.75M | $31.69M | $-143.11M |
| Effect of Forex Changes on Cash | $-171.00K | $62.00K | $147.00K | $-211.00K | $55.00K |
| Net Change in Cash | $9.43M | $12.76M | $5.84M | $1.63M | $22.73M |
| Cash at End of Period | $61.80M | $52.36M | $39.60M | $33.76M | $32.14M |
| Cash at Beginning of Period | $52.36M | $39.60M | $33.76M | $32.14M | $9.41M |
| Operating Cash Flow | $2.46M | $300.69M | $27.44M | $-29.86M | $165.78M |
| Capital Expenditure | $- | $- | $- | $- | $- |
| Free Cash Flow | $2.46M | $300.69M | $27.44M | $-29.86M | $165.78M |
Cash Flow Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $37.55M | $37.08M | $-54.21M | $42.45M | $50.55M | $51.59M | $65.66M | $28.06M | $3.67M | $-7.50M | $18.68M | $40.16M | $38.95M | $38.03M | $54.97M | $60.47M | $172.63M | $32.44M | $34.82M | $-63.78M |
| Depreciation and Amortization | $- | $- | $834.00K | $-3.12M | $-38.65M | $743.00K | $733.00K | $-24.07M | $1.37M | $- | $714.00M | $-2.07M | $1.37M | $700.00K | $693.00K | $-8.71M | $-137.94M | $473.00K | $472.00K | $71.21M |
| Deferred Income Tax | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Stock Based Compensation | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Change in Working Capital | $30.35M | $-12.01M | $8.26M | $-10.84M | $6.02M | $-4.55M | $-6.34M | $11.33M | $19.62M | $-22.20M | $128.00K | $-4.19M | $-1.57M | $-20.34M | $30.20M | $-2.47M | $-5.67M | $-2.06M | $4.09M | $-8.51M |
| Accounts Receivables | $4.70M | $1.14M | $4.28M | $320.00K | $-7.71M | $1.25M | $-1.86M | $1.56M | $12.44M | $-22.10M | $-1.25M | $2.41M | $-1.33M | $-364.00K | $4.56M | $-2.04M | $108.00K | $-1.46M | $4.67M | $-7.44M |
| Inventory | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Accounts Payables | $- | $- | $-10.75M | $-2.13M | $6.44M | $-1.50M | $-12.43M | $20.17M | $-94.00K | $- | $-850.00K | $332.00K | $-7.11M | $-11.93M | $20.47M | $-910.00K | $- | $- | $- | $- |
| Other Working Capital | $25.66M | $-13.15M | $14.73M | $-9.03M | $7.29M | $-4.31M | $7.95M | $-10.41M | $7.27M | $-91.00K | $2.23M | $-6.93M | $6.87M | $-8.04M | $5.18M | $481.00K | $-5.78M | $-601.00K | $-584.00K | $-1.08M |
| Other Non Cash Items | $-54.78M | $79.00M | $111.48M | $1.60M | $-8.10M | $111.95M | $-34.16M | $16.95M | $112.49M | $-15.79M | $-827.60M | $5.43M | $-365.78M | $45.61M | $47.33M | $50.67M | $210.33M | $-13.60M | $-26.06M | $-103.08M |
| Net Cash Provided by Operating Activities | $13.12M | $104.07M | $59.06M | $31.39M | $48.47M | $159.74M | $25.89M | $32.27M | $137.15M | $-54.23M | $-94.80M | $39.33M | $-327.02M | $64.00M | $133.20M | $99.96M | $239.36M | $17.25M | $13.32M | $-104.15M |
| Investments in Property Plant and Equipment | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Acquisitions Net | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Purchases of Investments | $- | $-217.97M | $-399.73M | $-138.97M | $-210.53M | $-76.42M | $-64.38M | $-43.02M | $-1.71B | $- | $-255.71M | $-129.10M | $-1.71B | $-622.12M | $-213.33M | $-204.52M | $-2.11B | $- | $- | $-99.27M |
| Sales Maturities of Investments | $- | $287.91M | $218.90M | $114.61M | $244.85M | $186.17M | $46.59M | $30.45M | $1.53B | $- | $119.26M | $135.72M | $1.53B | $678.16M | $282.02M | $263.37M | $426.24M | $- | $- | $50.32M |
| Other Investing Activities | $- | $- | $- | $- | $119.91M | $-143.20M | $23.28M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Cash Used for Investing Activities | $- | $- | $-180.83M | $-24.36M | $34.32M | $-33.45M | $5.49M | $-12.57M | $-179.42M | $- | $-136.45M | $6.62M | $-179.42M | $56.04M | $68.69M | $58.85M | $-1.69B | $- | $- | $-48.95M |
| Debt Repayment | $46.82M | $-66.04M | $111.25M | $11.58M | $-52.24M | $-77.64M | $18.78M | $-78.06M | $-84.88M | $76.09M | $153.65M | $2.81M | $233.86M | $41.29M | $-9.45M | $-36.38M | $-119.46M | $1.65M | $695.00K | $144.39M |
| Common Stock Issued | $- | $3.99M | $69.37M | $36.57M | $-452.00K | $-27.00K | $-173.00K | $98.08M | $1.14M | $10.64M | $2.23M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $-200.00K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $-50.87M | $-50.61M | $-48.66M | $-47.56M | $-49.30M | $-47.81M | $-49.26M | $-44.59M | $-46.25M | $-44.51M | $-44.66M | $-44.58M | $-44.61M | $-49.43M | $-49.36M | $-49.63M | $-92.46M | $-17.49M | $-18.18M | $-17.47M |
| Other Financing Activities | $-84.00K | $-104.00K | $-911.00K | $-7.59M | $-5.61M | $-28.00K | $-173.00K | $-143.00K | $-379.00K | $-51.00K | $-3.01M | $- | $-60.00K | $-4.06M | $- | $-469.00K | $-12.92M | $-41.00K | $-1.59M | $-10.11M |
| Net Cash Used Provided by Financing Activities | $-4.14M | $-112.75M | $131.05M | $-7.01M | $-107.16M | $-125.48M | $-30.65M | $-24.71M | $-130.36M | $42.17M | $108.21M | $-41.77M | $189.19M | $-12.20M | $-58.80M | $-86.48M | $-224.84M | $-16.01M | $-19.07M | $116.81M |
| Effect of Forex Changes on Cash | $-147.00K | $31.00K | $18.00K | $-73.00K | $126.00K | $-72.00K | $-3.00K | $11.00K | $149.00K | $-38.00K | $-53.00K | $89.00K | $211.00K | $-120.00K | $38.00K | $-129.00K | $36.00K | $13.00K | $26.00K | $-20.00K |
| Net Change in Cash | $8.84M | $-8.65M | $9.29M | $-44.00K | $-24.24M | $34.19M | $-4.76M | $7.57M | $6.93M | $-12.10M | $13.36M | $-2.35M | $-137.84M | $51.68M | $74.44M | $13.35M | $14.56M | $1.26M | $-5.73M | $12.64M |
| Cash at End of Period | $61.80M | $52.96M | $61.61M | $52.32M | $52.36M | $76.60M | $42.41M | $47.17M | $39.60M | $32.67M | $44.77M | $31.41M | $33.76M | $171.60M | $119.92M | $45.49M | $32.14M | $17.58M | $16.32M | $22.05M |
| Cash at Beginning of Period | $52.96M | $61.61M | $52.32M | $52.36M | $76.60M | $42.41M | $47.17M | $39.60M | $32.67M | $44.77M | $31.41M | $33.76M | $171.60M | $119.92M | $45.49M | $32.14M | $17.58M | $16.32M | $22.05M | $9.41M |
| Operating Cash Flow | $13.12M | $104.07M | $59.06M | $31.39M | $48.47M | $159.74M | $25.89M | $32.27M | $137.15M | $-54.23M | $-94.80M | $39.33M | $-327.02M | $64.00M | $133.20M | $99.96M | $239.36M | $17.25M | $13.32M | $-104.15M |
| Capital Expenditure | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Free Cash Flow | $13.12M | $104.07M | $59.06M | $31.39M | $48.47M | $159.74M | $25.89M | $32.27M | $137.15M | $-54.23M | $-94.80M | $39.33M | $-327.02M | $64.00M | $133.20M | $99.96M | $239.36M | $17.25M | $13.32M | $-104.15M |
Goldman Sachs BDC Dividends
Explore Goldman Sachs BDC's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
14.25%
Dividend Payout Ratio
314.48%
Dividend Paid & Capex Coverage Ratio
0.01x
Goldman Sachs BDC Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.48 | $0.48 | March 31, 2025 | March 31, 2025 | April 28, 2025 | February 27, 2025 |
| $0.45 | $0.45 | December 31, 2024 | December 31, 2024 | January 27, 2025 | November 07, 2024 |
| $0.45 | $0.45 | September 30, 2024 | September 30, 2024 | October 28, 2024 | August 08, 2024 |
| $0.45 | $0.45 | June 28, 2024 | June 28, 2024 | July 26, 2024 | May 07, 2024 |
| $0.45 | $0.45 | March 27, 2024 | March 28, 2024 | April 26, 2024 | February 28, 2024 |
| $0.45 | $0.45 | December 28, 2023 | December 29, 2023 | January 26, 2024 | November 07, 2023 |
| $0.45 | $0.45 | September 28, 2023 | September 30, 2023 | October 27, 2023 | August 03, 2023 |
| $0.45 | $0.45 | June 29, 2023 | June 30, 2023 | July 27, 2023 | May 04, 2023 |
| $0.45 | $0.45 | March 30, 2023 | March 31, 2023 | April 27, 2023 | February 23, 2023 |
| $0.45 | $0.45 | December 29, 2022 | December 30, 2022 | January 27, 2023 | November 03, 2022 |
| $0.45 | $0.45 | September 29, 2022 | September 30, 2022 | October 27, 2022 | August 04, 2022 |
| $0.45 | $0.45 | June 29, 2022 | June 30, 2022 | July 27, 2022 | May 05, 2022 |
| $0.45 | $0.45 | March 30, 2022 | March 31, 2022 | April 27, 2022 | February 24, 2022 |
| $0.45 | $0.45 | December 30, 2021 | December 31, 2021 | January 27, 2022 | November 04, 2021 |
| $0.45 | $0.45 | September 29, 2021 | September 30, 2021 | October 27, 2021 | August 05, 2021 |
| $0.05 | $0.05 | August 13, 2021 | August 16, 2021 | September 15, 2021 | November 05, 2020 |
| $0.45 | $0.45 | June 29, 2021 | June 30, 2021 | July 27, 2021 | May 06, 2021 |
| $0.05 | $0.05 | May 13, 2021 | May 14, 2021 | June 15, 2021 | November 05, 2020 |
| $0.45 | $0.45 | March 30, 2021 | March 31, 2021 | April 27, 2021 | February 25, 2021 |
| $0.05 | $0.05 | February 11, 2021 | February 15, 2021 | March 15, 2021 | November 05, 2020 |
Goldman Sachs BDC News
Read the latest news about Goldman Sachs BDC, including recent articles, headlines, and updates.
Goldman Sachs BDC: Dividend Alignment, But Still A Buy
Goldman Sachs BDC cut its base dividend by 29% due to high non-accruals and decreased net investment income, impacting income-dependent investors. Despite the dividend cut, GSBD remains attractive due to its discount to NAV and potential for performance improvement. GSBD's portfolio is highly collateralized with 97% First Lien investments, but higher non-accruals pose risks to net asset value and income.
The Moment Of Truth For BDC Dividend Investors Is Close
As a structural BDC bull I have to admit that the period of BDCs consistently surprising us on the upside has come to an end. Many lower quality BDCs have already cut their dividends to sync their cash flows with less favorable private credit lending environment. I would say that the moment of truth for high quality BDCs is also very close, where we will see how really durable their base dividends are.
Goldman Sachs BDC: Huge Dividend Yield, Yet Mediocre Overall Choice
Goldman Sachs BDC stock is in a long-term downtrend, trading near all-time lows, signaling fundamental issues despite its high dividend yield. Declining net investment income has led to a significant dividend cut, further diminishing GSBD's attractiveness. The clumsy approach management took in announcing an extra special dividend in order to push higher the total dividend yield does not seem a sustainable strategy.
Goldman Sachs BDC: Change In Dividend Structure Not A Deal-Changer
Goldman Sachs BDC has revised its dividend policy and fee structure, reducing the regular dividend but adding supplemental dividends to maintain overall payouts. Despite a 29% "cut" in the regular dividend, the BDC will pay supplemental dividends. The BDC's non-accrual percentage has decreased slightly in Q4'24, but the dividend safety margin has been reduced due to underperforming investments.
Goldman Sachs BDC: Structural Changes Provide Flexibility, But Investors Should Remain Cautious
Goldman Sachs BDC has underperformed despite a favorable interest rate environment, with a 35.26% decline and a recent 29% dividend cut. Structural changes, including a reduced incentive fee and a new dividend policy, offer flexibility but credit quality remains a concern. High non-accruals, declining NAV, and increased PIK income signal potential trouble, warranting caution for dividend investors.
Goldman Sachs BDC (GSBD) Q4 2024 Earnings Call Transcript
Goldman Sachs BDC (NYSE:GSBD ) Q4 2024 Earnings Conference Call February 28, 2025 9:00 AM ET Company Participants John Silas - IR Alex Chi - Co-CEO & Co-President David Miller - Co-CEO & Co-President Tucker Greene - COO Stanley Matuszewski - CFO & Treasurer Conference Call Participants Finian O'Shea - Wells Fargo Securities Robert Dodd - Raymond James Mark Hughes - Truist Derek Hewett - Bank of America Securities John Silas Good morning. This is John Silos, a member of the Investor Relations team for Goldman Sachs BDC, Inc. And I would like to welcome everyone to the Goldman Sachs BDC, Inc. Fourth Quarter and Fiscal Year End 2024 Earnings Conference Call.
Goldman Sachs BDC, Inc. Reports December 31, 2024 Financial Results and Announces Quarterly Dividend of $0.32 Per Share
NEW YORK--(BUSINESS WIRE)--Goldman Sachs BDC, Inc. (“GSBD”, the “Company”, “we”, “us”, or “our”) (NYSE: GSBD) today reported financial results for the fourth quarter and year ended December 31, 2024 and filed its Form 10-K with the U.S. Securities and Exchange Commission. QUARTERLY HIGHLIGHTS Net investment income per share for the quarter ended December 31, 2024 was $0.48. Excluding purchase discount amortization per share of $0.01 from the Merger (as defined below), adjusted net investment in.
Goldman Sachs BDC: Risky, Yet Likely Worth It
Goldman Sachs BDC's portfolio has diversified sector exposure, with notable changes in exposure to software, health care, and professional services since our last coverage. Despite an earnings miss in Q3, we hold a positive outlook on Q4 revenue and believe a favourable asset-liability spread will lead to a solid EPS figure. The BDC's forward dividend yield of 14%+ could make it a lucrative opportunity if price stability emerges.
Goldman Sachs BDC, Inc. Schedules Earnings Release and Conference Call to Announce Fourth Quarter and Fiscal Year Ended 2024 Results
NEW YORK--(BUSINESS WIRE)--Goldman Sachs BDC, Inc. (“GS BDC”) (NYSE: GSBD) announced today that it will report its fourth quarter and fiscal year ended December 31, 2024 financial results after the market closes on Thursday, February 27, 2025. GS BDC will also host an earnings conference call on Friday, February 28, 2025 at 9:00 am Eastern Time to discuss its financial results. All interested parties are invited to participate via telephone or the audio webcast, which will be hosted on the Inve.
Goldman Sachs BDC: Price Drop Creates An Attractive Buying Opportunity
I maintain my buy rating on Goldman Sachs BDC due to its strong dividend coverage, diverse portfolio, and attractive valuation despite recent price declines. GSBD's portfolio is well-constructed, with a focus on first lien senior secured debt. Earnings currently support the 14.7% dividend yield, making it appealing for income investors. The higher interest rate environment has impacted GSBD's portfolio quality, but non-accrual rates have improved, and management continues to invest in new opportunities.
14%+ Dividend Yields: 1 To Buy And 1 To Avoid
High-yield dividend stocks can be powerful income machines, but can also be risky. This means that investors should use extra caution when investing in these sorts of stocks. We discuss two 14%+ yielding yields, one that is worth buying and one that is not.
Baby Boomers Should Buy These 10% and More Ultra-High-Yield Stocks Hand-Over-Fist
With the youngest baby boomers (Americans born between 1946 and 1964) approaching retirement age, it is becoming increasingly important to focus on magnificent dividend stocks that will supply significant passive income either in or out of designated retirement accounts like IRAs.
I Am Loading Up On These 2 High-Flying High-Yield Sectors For 2025
AI stocks have dominated the markets over the past few years. However, there are a few other sectors that have also shined over the past few years. I share two high-flying big dividend sectors that, I think, will continue to outperform in 2025.
11-14% Yields: Give Yourself The Gift Of Dividends For Christmas
Big dividend stocks are on a big holiday sale this Christmas season. Even in some of the most in-favor sectors of the high-yield space, bargains can still be found. I share some well-covered 11-14% dividend yields that can be found on the bargain rack.
Goldman Sachs BDC: Contrarian Buy Near 1-Year Lows (Rating Upgrade)
Goldman Sachs BDC's non-accrual percentage has improved, and shares now trade at a discount to book value, presenting a contrarian buying opportunity. Despite increased non-performing loans, Goldman Sachs BDC's dividend remains well-supported by net investment income, with a coverage ratio of 1.29X in Q3'24. The investment firm's reliance on variable rate loans poses a risk, but the dividend appears secure unless non-accrual loans increase or net investment income drops significantly.
13+% Dividend Yields: 1 To Buy And 1 To Avoid
My portfolio focuses on high-yielding stocks, as they are ideal components of an opportunistic capital recycling strategy. That said, not all high-yield stocks make for good investments. I share one stock with a dividend yield of over 13% that I would avoid right now.
BDC Weekly Review: Key Q3 Earnings Trends
We take a look at the action in business development companies through the second week of November and highlight some of the key themes we are watching. BDCs were flat this week in aggregate, outperforming other income sectors, with PSEC and TPVG bookending month-to-date returns. Q3 earnings reveal a slight decline in net investment income due to rate cuts, tight market spreads, and refinancing into higher coupon debt.
Investing In BDCs For 10%+ Yields? This Is What Matters Now
When investing for 10%+ BDC yields, investors have to pay extra attention to leverage, dividend coverage, and portfolio quality. Going into Q3, 2024 earnings season, my expectation was that we would see elevated volatility levels and falling NII results. While the actual results have been mostly positive for high-quality BDCs (and even for some speculative picks), many risks remain open.
Goldman Sachs BDC: Important Improvements But Headwinds Warrant Caution (Rating Downgrade)
Despite attractive 13.9% yield, Goldman Sachs BDC faces credit quality concerns, declining NAV, and top/bottom line erosion, leading me to downgrade them from a buy to a hold. Payment-in-kind income also declined quarter-over-quarter but could see rises in the future due to impacts from declining interest rates. Improvements include higher originations, lower non-accruals, and increased portfolio company count, but persistent headwinds remain a concern for investors.
BDC Weekly Review: Tax-Loss Season Is Approaching
We take a look at the action in business development companies through the second week of November and highlight some of the key themes we are watching. BDCs saw a 2% aggregate return on the week; TPVG surged nearly 20%, while PSEC dropped due to a bad quarter and distribution cut. Tax-loss season may pressure some securities; PSEC, HRZN, TPVG, TCPC, OCSL, GSBD, NMFC, and CSWC could weaken further by year-end.
Goldman Sachs BDC: Is This 14% BDC Yield Risky?
Goldman Sachs BDC offers a high 14% yield and trades at a 4% discount to NAV, making it an attractive buy. The BDC's dividend is well-covered by net investment income, with a 78% payout ratio in 3Q24, ensuring dividend sustainability. Improving non-accrual ratio and strong gross originations highlight Goldman Sachs BDC's solid portfolio performance and potential for capital appreciation.
Goldman Sachs BDC (GSBD) Q3 2024 Earnings Call Transcript
Goldman Sachs BDC (NYSE:GSBD ) Q3 2024 Earnings Conference Call November 8, 2024 9:00 AM ET Company Participants Austin Neri - Investor Relations Alex Chi - Co-Chief Executive Officer and Co-President David Miller - Co-Chief Executive Officer and Co-President Tucker Greene - Chief Operating Officer Stanley Matuszewski - Chief Financial Officer and Treasurer Conference Call Participants Mark Hughes - Truist Derek Hewett - Bank of America Securities Robert Dodd - Raymond James Austin Neri Good morning. This is Austin Neri, a member of the Investor Relations team for Goldman Sachs BDC, Inc. And, I would like to welcome everyone to the Goldman Sachs BDC, Inc. Third Quarter 2024 Earnings Conference Call.
Goldman Sachs BDC, Inc. Reports September 30, 2024 Financial Results and Announces Quarterly Dividend of $0.45 Per Share
NEW YORK--(BUSINESS WIRE)--Goldman Sachs BDC, Inc. (“GSBD”, the “Company”, “we”, “us”, or “our”) (NYSE: GSBD) today reported financial results for the third quarter ended September 30, 2024 and filed its Form 10-Q with the U.S. Securities and Exchange Commission. QUARTERLY HIGHLIGHTS Net investment income per share for the quarter ended September 30, 2024 was $0.58. Excluding purchase discount amortization per share of $0.01 from the Merger (as defined below), adjusted net investment income per.
Goldman Sachs BDC: Payments-In-Kind And Portfolio Quality Are A Concern (Rating Downgrade)
GSBD's dividend yield is highly attractive at around 13%, but rising non-accruals and portfolio quality deterioration make it a hold rather than a buy. Despite strong NII coverage of the dividend, the substantial rise in PIK income to over 11% of total interest and dividend income raises concerns. GSBD trades at a slight discount to book value, and a rerating to historic premium levels is unlikely without significant credit quality improvement.
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