PSBD (Palmer Square Capital BDC) LT-Debt-to-Total-Asset : 0.56 (As of Dec. 2024)

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What is Palmer Square Capital BDC 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. Palmer Square Capital BDC's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.56.

Palmer Square Capital BDC's long-term debt to total assets ratio declined from Dec. 2023 (0.57) to Dec. 2024 (0.56). It may suggest that Palmer Square Capital BDC is progressively becoming less dependent on debt to grow their business.

Palmer Square Capital BDC LT-Debt-to-Total-Asset Historical Data

The historical data trend for Palmer Square Capital BDC'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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Palmer Square Capital BDC LT-Debt-to-Total-Asset Chart

Palmer Square Capital BDC Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

0.59

0.53

0.61

0.57

0.56

Palmer Square Capital BDC Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.57	0.56	0.56	0.58	0.56

Palmer Square Capital BDC LT-Debt-to-Total-Asset Calculation

Palmer Square Capital BDC's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	804.156	/	1431.043
	=	0.56

Palmer Square Capital BDC's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	804.156	/	1431.043
	=	0.56

Palmer Square Capital BDC (NYSE:PSBD) 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.

Palmer Square Capital BDC LT-Debt-to-Total-Asset Related Terms

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Palmer Square Capital BDC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Palmer Square Capital BDC Inc (NYSE:PSBD) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1900 Shawnee Mission Parkway, Suite 315, Mission Woods, KS, USA, 66205

Website

https://www.palmersquarebdc.com

Palmer Square Capital BDC Inc is a financial services company that lends to and invests in corporate debt securities of companies, including small to large private U.S. companies. Their investment objective is to maximize total return, comprised of current income and capital appreciation.