GLADN.PFD (Gladstone Capital) LT-Debt-to-Total-Asset : 0.40 (As of Sep. 2024)

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What is Gladstone Capital LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Gladstone Capital's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.40.

Gladstone Capital's long-term debt to total assets ratio declined from Sep. 2023 (0.42) to Sep. 2024 (0.40). It may suggest that Gladstone Capital is progressively becoming less dependent on debt to grow their business.

Gladstone Capital LT-Debt-to-Total-Asset Historical Data

The historical data trend for Gladstone Capital's LT-Debt-to-Total-Asset 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.

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Gladstone Capital LT-Debt-to-Total-Asset Chart

Gladstone Capital Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

LT-Debt-to-Total-Asset

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0.48

0.42

0.51

0.42

0.40

Gladstone Capital Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.42	0.44	0.46	0.41	0.40

Gladstone Capital LT-Debt-to-Total-Asset Calculation

Gladstone Capital's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (A: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2024 )	/	Total Assets (A: Sep. 2024 )
	=	324.61	/	812.468
	=	0.40

Gladstone Capital's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	324.61	/	812.468
	=	0.40

Gladstone Capital (NAS:GLADN.PFD) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Gladstone Capital LT-Debt-to-Total-Asset Related Terms

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Gladstone Capital Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Gladstone Capital Corp (NAS:GLADN.PFD) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

GLAD:USA 1G70:Germany 1G70:Germany

Address

1521 Westbranch Drive, Suite 100, McLean, VA, USA, 22102

Website

https://www.gladstonecapital.com

Gladstone Capital Corp is an externally managed, closed-end, non-diversified management investment company. Its investment objectives are to, achieve and grow current income by investing in debt securities of established businesses that would provide stable earnings and cash flow to pay expenses, make principal and interest payments on its outstanding indebtedness, and make distributions to stockholders that grow over time; and provide its stockholders with long-term capital appreciation in the value of its assets by investing in equity securities of established businesses that can grow over time to permit it to sell its equity investments for capital gains.