Goldman Sachs BDC Reports Q3 Earnings for FY2023, Ending September 30th

🌥️Earnings Overview

GOLDMAN SACHS BDC ($NYSE:GSBD) revealed its financial results for the third quarter of FY 2023 (ending on September 30, 2023) on November 7, 2023. Moreover, their reported net income was USD 51.6 million, surpassing the previous year’s figure of -7.5 million.

Stock Price

On Tuesday, Goldman Sachs BDC reported their Q3 financial earnings for the fiscal year ending September 30th. The stock opened up at $14.5 but ended the day at $14.4, down by 0.6% from its last closing price. The company’s earnings reflected an overall mixed performance in Q3, with both positive and negative trends. While the rate of return on investments has decreased, the cost of borrowing has seen a decrease as well. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for GSBD. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for GSBD. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for GSBD. More…

Key Ratios Snapshot

Some of the financial key ratios for GSBD are shown below. More…

Analysis

At GoodWhale, we analyze the fundamentals of GOLDMAN SACHS BDC. According to our Star Chart analysis, GOLDMAN SACHS BDC is strong in growth, medium in dividend and weak in asset, profitability. This translates to a low health score of 2/10 with regard to its cashflows and debt, indicating it is less likely to safely ride out any crisis without the risk of bankruptcy. We classify GOLDMAN SACHS BDC as a ‘cheetah’, a type of company that has achieved high revenue or earnings growth but is considered less stable due to lower profitability. Investors looking for high-risk, high-reward investments with potential for above-average returns may be interested in such a company. It is important to weigh the risks against potential rewards before investing, however, as GOLDMAN SACHS BDC may not be suitable for all investors. More…

Peers

Portman Ridge Finance Corp, Great Elm Capital Corp, Crescent Capital BDC Inc are all competitors in the same industry.

– Portman Ridge Finance Corp ($NASDAQ:PTMN)

Portman Ridge Finance Corp is a publicly traded company with a market capitalization of 217.16 million as of 2022. The company has a negative return on equity of 1.97%. Portman Ridge Finance Corp is a specialty finance company that provides financing solutions to public and private companies. The company was founded in 2010 and is headquartered in Boston, Massachusetts.

– Great Elm Capital Corp ($NASDAQ:GECC)

Great Elm Capital Corp’s market cap is 77.16M as of 2022. The company’s ROE is -19.61%. Great Elm Capital Corp is a holding company that operates through its subsidiaries in the United States. The company’s primary business activities include investment banking, merchant banking, and asset management.

– Crescent Capital BDC Inc ($NASDAQ:CCAP)

Crescent Capital BDC Inc is a business development company specializing in leveraged and mezzanine debt financing, senior and subordinated debt financing, and equity financing. It also invests in distressed debt, special situation investments, and middle market companies. The company was founded in 1991 and is headquartered in Los Angeles, California.

Summary

This is a positive sign for investors, suggesting that the company is well-positioned for future growth. Moving forward, investors should watch for the company’s ability to maintain and further build on these results, as it could signal strong potential for returns in the coming quarters.