Gladstone Capital (GLAD) Balance Sheet: Assets & Liabilities

Gladstone Capital (GLAD) Balance Sheet

As of Sep 30, 2025 (end of fiscal 2025), Gladstone Capital reported total assets of $907.60M and total liabilities of $425.56M. Shareholders' equity was $482.04M, up 0.7% from $478.74M a year earlier. Total debt stood at $795.71M against $32.37M in cash and short-term investments, a net debt position of $763.34M. That puts debt-to-equity at 1.65, compared with 0.68 a year earlier.

Gladstone Capital Balance Sheet Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Gladstone Capital Corporation (GLAD) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Sep 2025	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017
Current Assets
Cash and Cash Equivalents	32.37	2.17	1.31	2.01	0.67	2.42	15.71	1.97	5.01
Cash & Short-Term Investments	32.37	2.17	1.31	2.01	0.67	2.42	15.71	1.97	5.01
Accounts Receivable	10.49	8.73	9.04	5.94	5.31	5.10	5.45	5.41	4.79
Inventory	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Current Assets	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Current Assets	45.26	12.73	10.34	8.54	6.86	7.52	21.16	7.38	9.80
Non-Current Assets
Property, Plant & Equipment (Net)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Investments	162.81	45.36	704.82	74.80	103.01	450.40	402.88	390.05	352.37
Other Non-Current Assets	697.58	753.33	4.34	576.79	455.60	1.25	2.04	2.08	3.69
Total Non-Current Assets	864.73	799.74	709.16	653.02	560.52	451.65	404.91	392.13	356.06
Total Assets	907.60	812.47	719.50	660.97	566.50	459.18	426.07	399.51	365.86
Current Liabilities
Accounts Payable	4.33	5.69	3.96	3.03	3.13	1.56	1.42	0.62	0.79
Short-Term Debt	397.86	0.00	47.80	141.80	50.50	127.65	67.07	110.00	93.12
Accrued Liabilities	3.14	2.92	2.96	2.52	1.80	-	-	-	-
Other Current Liabilities	-397.86	7.43	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Current Liabilities	7.96	8.66	51.76	5.59	4.96	129.21	68.49	110.62	93.90
Non-Current Liabilities
Long-Term Debt	397.86	324.61	253.11	339.41	237.11	93.89	55.75	110.00	93.12
Other Non-Current Liabilities	0.36	0.46	5.93	0.49	5.99	2.34	52.50	-58.20	-40.81
Total Non-Current Liabilities	421.23	325.07	259.04	200.66	195.27	96.23	108.25	51.80	52.31
Total Liabilities	425.56	333.73	310.80	345.48	248.06	225.43	176.74	162.42	146.21
Stockholders' Equity
Common Stock	0.05	0.04	0.04	0.04	0.03	0.03	0.03	0.03	0.03
Retained Earnings	5.20	-42.91	4.74	-160.18	-148.18	-0.04	0.14	-0.22	-0.14
Accumulated Other Comprehensive Income	-17.49	25.25	-17.45	-6.44	11.10	-43.90	-25.74	-37.42	-59.18
Additional Paid-in Capital	501.63	464.71	421.36	395.54	307.16	277.65	274.91	274.70	278.94
Shares Outstanding	22.59	22.23	21.75	17.37	-	-	-	-	-
Total Stockholders' Equity	482.04	478.74	408.70	315.49	318.44	233.74	249.33	237.09	219.65
Total Liabilities & Equity	907.60	812.47	719.50	660.97	566.50	459.18	426.07	399.51	365.86

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Gladstone Capital Balance Sheet

How much debt does Gladstone Capital have?

Gladstone Capital had total debt of $795.71M as of Sep 30, 2025, against $32.37M in cash and short-term investments. Its debt-to-equity ratio was 1.65. Total debt was $324.61M a year earlier.

What are Gladstone Capital's total assets?

Gladstone Capital reported total assets of $907.60M as of Sep 30, 2025, up 11.7% from $812.47M a year earlier. Total liabilities were $425.56M.

What is Gladstone Capital's shareholders' equity?

Gladstone Capital's shareholders' equity was $482.04M as of Sep 30, 2025, or about $21.34 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition