Garrison Capital (Garrison Capital) Debt-to-Equity : 2.65 (As of Jun. 2020)

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What is Garrison Capital Debt-to-Equity?

Garrison Capital's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2020 was $0.00 Mil. Garrison Capital's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2020 was $266.21 Mil. Garrison Capital's Total Stockholders Equity for the quarter that ended in Jun. 2020 was $100.63 Mil. Garrison Capital's debt to equity for the quarter that ended in Jun. 2020 was 2.65.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Garrison Capital's Debt-to-Equity or its related term are showing as below:

GARS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.69 Med: 1.07 Max: 2.77
Current: 2.65

During the past 9 years, the highest Debt-to-Equity Ratio of Garrison Capital was 2.77. The lowest was 0.69. And the median was 1.07.

GARS's Debt-to-Equity is not ranked
in the Asset Management industry.
Industry Median: 0.19 vs GARS: 2.65

Garrison Capital Debt-to-Equity Historical Data

The historical data trend for Garrison Capital's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Garrison Capital Debt-to-Equity Chart

Garrison Capital Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Debt-to-Equity

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0.98

1.03

1.24

1.82

2.30

Garrison Capital Quarterly Data
	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20
Debt-to-Equity	Get a 7-Day Free Trial															2.10	2.28	2.30	2.77	2.65

Competitive Comparison of Garrison Capital's Debt-to-Equity

For the Asset Management subindustry, Garrison Capital's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Garrison Capital's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Garrison Capital's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Garrison Capital's Debt-to-Equity falls into.

Garrison Capital Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Garrison Capital's Debt to Equity Ratio for the fiscal year that ended in Dec. 2019 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	313.75)	/	136.553
	=	2.30

Garrison Capital's Debt to Equity Ratio for the quarter that ended in Jun. 2020 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	266.211)	/	100.627
	=	2.65

Garrison Capital (NAS:GARS) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Garrison Capital Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Garrison Capital's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Garrison Capital (Garrison Capital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Garrison Capital Inc (NAS:GARS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1290 Avenue of the Americas, Suite 914, 9th Floor, New York, NY, USA, 10104

Website

http://www.garrisoncapitalbdc.com

Garrison Capital Inc is a closed-end management investment company. Its investment objective is to generate current income and capital appreciation by making investments generally in debt securities and loans of United States based middle-market companies. The loans and debt investments are primarily first and second lien senior secured loans, mezzanine debt, unsecured consumer loans, and equity investments. The company intends to generate risk-adjusted net returns by assembling a portfolio of investments.

Executives

Martin Cecil E Jr	director	5300 TOWN AND COUNTY BLVD SUITE 500, FRISCO TX 75034
Brian S Chase	director, officer: Chief Operating Officer	C/O GARRISON INVESTMENT GROUP LP, 1290 AVENUE OF THE AMERICAS SUITE 914, NEW YORK NY 10104
Daniel Hahn	officer: CFO and Treasurer	1290 AVENUE OF THE AMERICAS, SUITE 914 NEW YORK NY 10104
Joseph Bertrand Tansey	director, officer: Chief Executive Officer	C/O GARRISON INVESTMENT GROUP LP 1290 AVENUE OF THE AMERICAS SUITE 914 NEW YORK NY 10104
Matthew Joseph Westwood	director	56 WATERFRONT DRIVE, PITTSBURGH PA 15222
Joseph Morea	director	C/O REIT MANAGEMENT & RESEARCH LLC, TWO NEWTON PLACE, 255 WASHINGTON STREET, NEWTON MA 02458
Bruce W Shewmaker	director	12 BRIAR WOOD DRIVE, SHORT HILLS NJ 07078
Rafael Astruc	director	C/O GARRISON INVESTMENT GROUP 1290 AVENUE OF THE AMERICAS, SUITE 914 NEW YORK NY 10104
Steven Scott Stuart	10 percent owner	C/O GARRISON INVESTMENT GROUP 1290 AVENUE OF THE AMERICAS, SUITE 914 NEW YORK NY 10104
Michelle Rancic	officer: Chief Accounting Officer	1290 AVENUE OF THE AMERICAS, SUITE 914 NEW YORK NY 10104
Roy A Guthrie	director	2500 LAKE COOK ROAD, RIVERWOODS IL 60015
Silver Creek Capital Management Llc	10 percent owner	1301 FIFTH AVENUE 40TH FLOOR SEATTLE WA 98101
Garrison Investment Group Lp	10 percent owner	1290 AVENUE OF THE AMERICAS SUITE 914 NEW YORK NY 10104
Julian Weldon	officer: CCO and Secretary	1290 AVENUE OF THE AMERICAS, SUITE 914 NEW YORK NY 10104