Goldman Sachs BDC (GSBD) Interest Coverage Ratio (2021 - 2025)
Goldman Sachs BDC's Interest Coverage Ratio came in at 1.65 for Q3 2025, down 30.8% from 2.38 a year earlier and down 4.1% from the prior quarter.
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Analysis
Goldman Sachs BDC (GSBD) Interest Coverage Ratio (2021 - 2025) Analysis & Trends
Over the trailing twelve months to Sep 30, 2025, Goldman Sachs BDC reported Interest Coverage Ratio of 1.81, down 21.3% year-over-year; for FY2024, it came in at 2.27, up 0.1% from FY2023.
- Going back by year, Interest Coverage Ratio was 2.26 in FY2023 (-22.8%), 2.93 in FY2022 (-27.5%), 4.05 in FY2021 (+45.0%) and 2.79 in FY2020.
- The Q3 2025 figure represents the lowest quarterly Interest Coverage Ratio in data going back to Q3 2021.
- Year-over-year, Interest Coverage Ratio has declined for six consecutive quarters, with an average decline of 10.8% over the last eight quarters.
- The fastest year-over-year change in Interest Coverage Ratio over five years came in Q1 2024 (growth of 25.4%), and the weakest in Q1 2023 (a decline of 45.0%).
- Business Quant data shows GSBD's Interest Coverage Ratio at 1.72 (Q2 2025), 1.80 (Q1 2025) and 2.10 (Q4 2024) in the three quarters before Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.26 Bn | 28.94 Bn | - | 1.75 |
| 2 | Orix | 42.40 Bn | 42.90 Bn | - | 2.98 |
| 3 | Royalty Pharma | 33.56 Bn | 33.47 Bn | - | 1.42 |
| 4 | Federal National Mortgage Association Fannie Mae | 24.47 Bn | 24.47 Bn | - | 1.15 |
| 5 | Affirm Holdings | 23.34 Bn | 17.03 Bn | - | 1.24 |
| 6 | Synchrony Financial | 23.06 Bn | -44.91 Bn | - | 2.22 |
| 7 | Royal Gold | 19.98 Bn | 19.21 Bn | 390.45 Mn | 27.97 |
| 8 | Annaly Capital Management | 14.18 Bn | 5.27 Bn | - | 1.63 |
| 9 | Ares Capital | 13.71 Bn | 11.15 Bn | - | - |
| 10 | Goldman Sachs BDC | 1.02 Bn | 1.02 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 1.65 |
| Jun 30, 2025 | 1.72 |
| Mar 31, 2025 | 1.80 |
| Dec 31, 2024 | 2.10 |
| Sep 30, 2024 | 2.38 |
| Jun 30, 2024 | 2.34 |
| Mar 31, 2024 | 2.24 |
| Dec 31, 2023 | 2.26 |
| Sep 30, 2023 | 2.64 |
| Jun 30, 2023 | 2.35 |
| Mar 31, 2023 | 1.79 |
| Dec 31, 2022 | 2.71 |
| Sep 30, 2022 | 2.82 |
| Jun 30, 2022 | 3.12 |
| Mar 31, 2022 | 3.25 |
| Dec 31, 2021 | 3.83 |
| Sep 30, 2021 | 4.47 |
API Access
Goldman Sachs BDC Interest Coverage Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=interest-coverage-ratio&ticker=GSBD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-coverage-ratio", "ticker": "GSBD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=interest-coverage-ratio&ticker=GSBD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();