Goldman Sachs BDC (GSBD) Equity Ratio (2021 - 2026)
Goldman Sachs BDC (GSBD) recorded quarterly Equity Ratio of 0.41 in Q1 2026, down 2.56% on a QoQ basis from 0.42 in Q4 2025, and down 7.23% year-over-year from 0.44 in Q1 2025.
Goldman Sachs BDC (GSBD) Equity Ratio (2021 - 2026) Analysis & Trends
Goldman Sachs BDC has disclosed Equity Ratio across 6 years of filings, most recently posting 0.41 for Q1 2026.
- Quarterly Equity Ratio fell 7.23% year-over-year to 0.41 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.41 (down 7.23% YoY) and the FY2025 annual result came in at 0.42, down 3.63% from the prior year.
- Equity Ratio fell to 0.41 in Q1 2026, from 0.42 in the prior quarter.
- Over five years, Equity Ratio peaked at 0.46 in Q1 2024 and troughed at 0.41 in Q1 2026.
- A 5-year average of 0.44 and a median of 0.44 in 2023 frame the typical range for Equity Ratio.
- Annual changes were most pronounced in 2022 — Equity Ratio dropped 7.98% — and 2023, when it gained 8.69%.
- Tracing GSBD's Equity Ratio over 5 years: stood at 0.42 in 2022, then advanced by 8.69% to 0.45 in 2023, then dropped by 4.01% to 0.44 in 2024, then retreated by 3.63% to 0.42 in 2025, then decreased by 2.56% to 0.41 in 2026.
- Business Quant data shows GSBD's Equity Ratio at 0.41 in Q1 2026, 0.42 in Q4 2025, and 0.43 in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Equity Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 163.18 Bn | 153.56 Bn | - | 0.33 |
| 2 | Blackstone | 96.85 Bn | 95.80 Bn | - | 0.17 |
| 3 | Kkr | 86.45 Bn | 133.96 Bn | - | 0.07 |
| 4 | Apollo Global Management | 82.30 Bn | 101.04 Bn | 5.04 Bn | 0.08 |
| 5 | State Street | 46.95 Bn | 21.27 Bn | - | - |
| 6 | Ameriprise Financial | 43.65 Bn | 43.52 Bn | 4.57 Bn | 0.03 |
| 7 | Northern Trust | 31.92 Bn | 31.92 Bn | - | 0.07 |
| 8 | Raymond James Financial | 30.62 Bn | 19.37 Bn | - | 0.14 |
| 9 | Ares Management | 29.04 Bn | 32.41 Bn | - | 0.29 |
| 10 | Goldman Sachs BDC | - | - | - | 0.41 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.41 |
| Dec 31, 2025 | 0.42 |
| Sep 30, 2025 | 0.43 |
| Jun 30, 2025 | 0.44 |
| Mar 31, 2025 | 0.44 |
| Dec 31, 2024 | 0.44 |
| Sep 30, 2024 | 0.45 |
| Jun 30, 2024 | 0.44 |
| Mar 31, 2024 | 0.46 |
| Dec 31, 2023 | 0.45 |
| Sep 30, 2023 | 0.45 |
| Jun 30, 2023 | 0.44 |
| Mar 31, 2023 | 0.44 |
| Dec 31, 2022 | 0.42 |
| Sep 30, 2022 | 0.42 |
| Dec 31, 2021 | 0.45 |