Free Trial
→ New Rule Hits in July — The Smart Money Already Moved (From American Alternative) (Ad) Buy PSBD Stock  Free PSBD Stock Alerts

Palmer Square Capital BDC (PSBD) Financials

Palmer Square Capital BDC logo
$14.53 +0.03 (+0.21%)
Closing price 06/20/2025 03:58 PM Eastern
Extended Trading
$14.51 -0.02 (-0.14%)
As of 06/20/2025 04:04 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
Compare
Annual Income Statements for Palmer Square Capital BDC

Annual Income Statements for Palmer Square Capital BDC

This table shows Palmer Square Capital BDC's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2021 2022 2023 2024
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 66 -74 108 48
Consolidated Net Income / (Loss)		 66 -74 108 48
Net Income / (Loss) Continuing Operations		 66 -74 108 48
Total Pre-Tax Income 		66 -74 108 48
Total Operating Income		 -6.03 -149 -4.39 -96
Total Gross Profit		 19 -116 50 -15
Total Revenue		 19 -116 50 -15
Operating Revenue		 19 -116 50 -15
Total Cost of Revenue		 0.00 0.00 0.00 0.00
Total Operating Expenses		 25 33 54 81
Selling, General & Admin Expense		 2.59 2.60 2.32 4.55
Other Operating Expenses / (Income)		 22 31 52 76
Total Other Income / (Expense), net		 72 74 112 144
Interest & Investment Income		 75 74 112 142
Other Income / (Expense), net		 5.53 0.18 0.42 1.56
Basic Earnings per Share		 $1.47 $1.78 $2.26 $1.93
Weighted Average Basic Shares Outstanding		 15.49M 23.13M 25.70M 32.35M
Diluted Earnings per Share		 - $1.78 $2.26 $1.93
Weighted Average Diluted Shares Outstanding		 - 23.13M 25.70M 32.35M
Weighted Average Basic & Diluted Shares Outstanding		 - - 32.55M 32.61M

Quarterly Income Statements for Palmer Square Capital BDC

This table shows Palmer Square Capital BDC's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 69 62 34 -58 62 17 7.56 -39
Consolidated Net Income / (Loss)		 69 62 34 -58 62 17 7.56 -39
Net Income / (Loss) Continuing Operations		 69 62 34 -58 62 17 7.56 -39
Total Pre-Tax Income 		69 62 34 -58 62 17 7.56 -39
Total Operating Income		 13 8.33 5.08 -31 1.05 -21 -30 -46
Total Gross Profit		 28 24 19 -21 23 5.31 -8.17 -35
Total Revenue		 28 24 19 -21 23 5.31 -8.17 -35
Operating Revenue		 28 24 19 -21 23 5.31 -8.17 -35
Total Operating Expenses		 15 16 14 9.79 22 27 22 11
Selling, General & Admin Expense		 0.58 0.56 0.53 0.66 0.96 1.06 1.21 1.32
Other Operating Expenses / (Income)		 14 15 13 9.14 21 26 20 9.65
Total Other Income / (Expense), net		 56 54 29 -27 61 38 37 6.75
Interest & Investment Income		 67 64 29 -48 76 62 37 -33
Other Income / (Expense), net		 -0.26 0.13 0.15 0.40 -1.47 -9.13 0.73 11
Basic Earnings per Share		 $0.55 $0.56 $0.57 $0.58 $0.52 $0.48 $0.48 $0.45
Weighted Average Basic Shares Outstanding		 24.59M 25.45M 26.02M 25.70M 31.59M 32.57M 32.61M 32.35M
Weighted Average Diluted Shares Outstanding		 - - 26.02M 25.70M 32.57M 32.62M 32.61M 32.35M
Weighted Average Basic & Diluted Shares Outstanding		 - - - 32.55M 32.57M 32.62M 32.65M 32.61M

Annual Cash Flow Statements for Palmer Square Capital BDC

This table details how cash moves in and out of Palmer Square Capital BDC's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2021 2022 2023 2024
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 0.41 0.56 0.47 0.65
Net Cash From Operating Activities		 -438 25 20 -201
Net Cash From Continuing Operating Activities		 -413 25 20 -201
Net Income / (Loss) Continuing Operations		 19 -74 108 48
Consolidated Net Income / (Loss)		 19 -74 108 48
Amortization Expense		 0.62 -0.73 -0.85 0.15
Non-Cash Adjustments To Reconcile Net Income		 -524 101 -90 -252
Changes in Operating Assets and Liabilities, net		 91 -0.28 2.83 3.68
Net Cash From Investing Activities		 -25 0.00 0.00 0.00
Net Cash From Continuing Investing Activities		 -25 0.00 0.00 0.00
Net Cash From Financing Activities		 438 -25 -19 201
Net Cash From Continuing Financing Activities		 438 -25 -19 201
Repayment of Debt		 -0.78 -92 -30 -384
Repurchase of Common Equity		 - 0.00 0.00 -1.26
Payment of Dividends		 -6.29 -19 -34 -47
Issuance of Debt		 257 81 28 541
Issuance of Common Equity		 189 5.02 18 92
Cash Interest Paid		 7.31 22 42 55

Quarterly Cash Flow Statements for Palmer Square Capital BDC

This table details how cash moves in and out of Palmer Square Capital BDC's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Net Change in Cash & Equivalents		 - 4.59 0.49 -3.33 -1.29 6.14 6.53 -13 0.98
Net Cash From Operating Activities		 - 28 -9.95 -1.86 3.41 -238 -0.51 3.51 34
Net Cash From Continuing Operating Activities		 - 77 -13 -48 3.41 -238 -1.53 4.21 34
Net Income / (Loss) Continuing Operations		 - 28 24 34 22 23 5.31 7.56 12
Consolidated Net Income / (Loss)		 - 28 24 34 22 23 5.31 7.56 12
Amortization Expense		 - -0.11 -0.25 -0.11 -0.37 -0.29 0.07 -0.06 0.42
Non-Cash Adjustments To Reconcile Net Income		 - 47 -16 -102 -19 -284 -40 45 27
Changes in Operating Assets and Liabilities, net		 - 2.36 -20 20 0.56 23 33 -48 -4.92
Net Cash From Financing Activities		 - -23 10 -1.47 -4.70 244 7.05 -17 -33
Net Cash From Continuing Financing Activities		 - -23 10 -1.47 -4.70 244 6.45 -16 -33
Repayment of Debt		 - -28 -0.01 -1.01 -1.78 -3.63 -307 -26 -47
Repurchase of Common Equity		 - - - - - - - -0.15 -0.77
Payment of Dividends		 - -6.94 -6.25 -6.81 -14 0.00 -16 -15 -15
Issuance of Debt		 - 0.00 11 6.00 11 158 330 24 29
Issuance of Common Equity		 - 11 6.20 0.35 - 90 - 1.67 0.41
Cash Interest Paid		 - 7.94 11 12 12 14 13 9.95 17

Annual Balance Sheets for Palmer Square Capital BDC

This table presents Palmer Square Capital BDC's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Total Assets		 1,057 1,122 1,431
Total Current Assets		 1,026 2.15 2.80
Cash & Equivalents		 1.65 2.12 2.77
Prepaid Expenses		 0.60 0.03 0.03
Plant, Property, & Equipment, net		 0.00 0.00 0.00
Total Noncurrent Assets		 -12 14 28
Long-Term Investments		 -12 0.44 9.15
Other Noncurrent Operating Assets		 - 14 19
Total Liabilities & Shareholders' Equity		 1,057 1,122 1,431
Total Liabilities		 694 660 893
Total Current Liabilities		 8.08 1.07 304
Short-Term Debt		 - 0.00 303
Accrued Expenses		 1.14 1.07 1.37
Total Noncurrent Liabilities		 643 659 589
Long-Term Debt		 641 642 502
Other Noncurrent Operating Liabilities		 1.87 17 88
Commitments & Contingencies		 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 363 462 538
Total Preferred & Common Equity		 363 462 538
Total Common Equity		 363 462 538
Common Stock		 474 521 611
Retained Earnings		 -111 -59 -73

Quarterly Balance Sheets for Palmer Square Capital BDC

This table presents Palmer Square Capital BDC's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2024 Q2 2024 Q3 2024
Period end date 3/31/2024 6/30/2024 9/30/2024
Total Assets		 1,413 1,459 1,414
Total Current Assets		 1,412 1,458 1.93
Cash & Equivalents		 8.26 15 1.79
Prepaid Expenses		 0.09 0.17 0.14
Plant, Property, & Equipment, net		 0.00 0.00 0.00
Total Noncurrent Assets		 0.00 0.00 29
Long-Term Investments		 - - 9.49
Other Noncurrent Operating Assets		 - - 20
Total Liabilities & Shareholders' Equity		 1,413 1,459 1,414
Total Liabilities		 854 910 872
Total Current Liabilities		 19 320 307
Short-Term Debt		 - 301 306
Accrued Expenses		 0.94 1.31 1.09
Total Noncurrent Liabilities		 795 520 565
Long-Term Debt		 795 520 518
Other Noncurrent Operating Liabilities		 - - 46
Commitments & Contingencies		 - 0.00 0.00
Total Equity & Noncontrolling Interests		 559 549 542
Total Preferred & Common Equity		 559 549 542
Total Common Equity		 559 549 542
Common Stock		 610 611 612
Retained Earnings		 -52 -62 -70

Annual Metrics And Ratios for Palmer Square Capital BDC

This table displays calculated financial ratios and metrics derived from Palmer Square Capital BDC's official financial filings.

Metric 2021 2022 2023 2024
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - - -
Revenue Growth		 0.00% -706.32% 143.14% -129.86%
EBITDA Growth		 0.00% -116,332.42% 96.78% -1,854.57%
EBIT Growth		 0.00% -30,000.21% 97.33% -2,274.59%
NOPAT Growth		 0.00% -1,630.50% 95.79% -2,084.33%
Net Income Growth		 0.00% -213.36% 244.78% -55.80%
EPS Growth		 0.00% 0.00% 26.97% -14.60%
Operating Cash Flow Growth		 0.00% 105.73% -22.18% -1,126.42%
Free Cash Flow Firm Growth		 0.00% 0.00% 97.20% -958.85%
Invested Capital Growth		 0.00% 0.00% -56.14% -1,533.59%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% -126.22%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% -106.46%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% -109.74%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% -192.54%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% -75.22%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 0.00% 13.34%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% -154.20%
Profitability Metrics		 - - - -
Gross Margin		 100.00% 0.00% 100.00% 0.00%
EBITDA Margin		 0.68% 0.00% -9.66% 0.00%
Operating Margin		 -31.62% 0.00% -8.80% 0.00%
EBIT Margin		 -2.59% 0.00% -7.97% 0.00%
Profit (Net Income) Margin		 344.74% 0.00% 216.33% 0.00%
Tax Burden Percent		 100.00% 100.00% 100.00% 100.00%
Interest Burden Percent		 -13,291.80% 50.06% -2,715.94% -50.56%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00%
Return on Equity (ROE)		 0.00% -20.49% 26.13% 9.54%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% 0.00%
Operating Return on Assets (OROA)		 0.00% 0.00% -0.36% 0.00%
Return on Assets (ROA)		 0.00% 0.00% 9.90% 0.00%
Return on Common Equity (ROCE)		 0.00% -20.48% 26.12% 9.54%
Return on Equity Simple (ROE_SIMPLE)		 0.00% -20.49% 23.34% 8.86%
Net Operating Profit after Tax (NOPAT)		 -6.03 -104 -4.39 -96
NOPAT Margin		 -31.62% 0.00% -8.80% 0.00%
Net Nonoperating Expense Percent (NNEP)		 0.00% 16.28% 26.96% 26.72%
Return On Investment Capital (ROIC_SIMPLE)		 - -10.38% -0.40% -7.14%
Cost of Revenue to Revenue		 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 13.57% 0.00% 4.66% 0.00%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 131.62% 0.00% 108.80% 0.00%
Earnings before Interest and Taxes (EBIT)		 -0.49 -149 -3.97 -94
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 0.13 -150 -4.82 -94
Valuation Ratios		 - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 0.92
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.92
Price to Revenue (P/Rev)		 0.00 0.00 0.00 0.00
Price to Earnings (P/E)		 0.00 0.00 0.00 10.41
Dividend Yield		 0.00% 0.00% 0.00% 9.80%
Earnings Yield		 0.00% 0.00% 0.00% 9.61%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - -
Debt to Equity		 0.00 1.76 1.39 1.50
Long-Term Debt to Equity		 0.00 1.76 1.39 0.93
Financial Leverage		 0.00 -1.01 -1.01 -1.07
Leverage Ratio		 0.00 2.91 2.64 2.55
Compound Leverage Factor		 0.00 1.46 -71.71 -1.29
Debt to Total Capital		 0.00% 63.83% 58.15% 59.92%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 22.54%
Long-Term Debt to Total Capital		 0.00% 63.83% 58.15% 37.38%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 0.00% 36.15% 41.85% 40.08%
Debt to EBITDA		 0.00 -4.29 -133.27 -8.54
Net Debt to EBITDA		 0.00 2.45 -132.74 -8.42
Long-Term Debt to EBITDA		 0.00 -4.29 -133.27 -5.33
Debt to NOPAT		 0.00 -6.15 -146.27 -8.39
Net Debt to NOPAT		 0.00 3.51 -145.69 -8.27
Long-Term Debt to NOPAT		 0.00 -6.15 -146.27 -5.23
Altman Z-Score		 0.00 0.00 0.00 -0.22
Noncontrolling Interest Sharing Ratio		 0.00% 0.06% 0.03% 0.00%
Liquidity Ratios		 - - - -
Current Ratio		 0.00 127.04 2.01 0.01
Quick Ratio		 0.00 126.17 1.98 0.01
Cash Flow Metrics		 - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -102 -2.85 -30
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 -50.83 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 -50.83 0.00 0.00 0.00
Efficiency Ratios		 - - - -
Asset Turnover		 0.00 0.00 0.05 0.00
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00
Inventory Turnover		 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 0.00 0.00 0.00
Accounts Payable Turnover		 0.00 0.00 0.00 0.00
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 0.00 0.00 0.00
Cash Conversion Cycle (CCC)		 0.00 0.00 0.00 0.00
Capital & Investment Metrics		 - - - -
Invested Capital		 0.00 -2.74 -4.28 -70
Invested Capital Turnover		 0.00 0.00 -14.19 0.00
Increase / (Decrease) in Invested Capital		 0.00 -2.74 -1.54 -66
Enterprise Value (EV)		 0.00 0.00 0.00 1,288
Market Capitalization		 0.00 0.00 0.00 496
Book Value per Share		 $0.00 $15.70 $17.97 $16.47
Tangible Book Value per Share		 $0.00 $15.70 $17.97 $16.47
Total Capital		 0.00 1,005 1,104 1,342
Total Debt		 0.00 641 642 804
Total Long-Term Debt		 0.00 641 642 502
Net Debt		 0.00 -366 639 792
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 -0.87 -1.04 -1.34
Debt-free Net Working Capital (DFNWC)		 0.00 1,018 1.08 1.43
Net Working Capital (NWC)		 0.00 1,018 1.08 -301
Net Nonoperating Expense (NNE)		 -72 -30 -112 -144
Net Nonoperating Obligations (NNO)		 0.00 -366 -466 -608
Total Depreciation and Amortization (D&A)		 0.62 -0.73 -0.85 0.15
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 0.00% -2.08% 0.00%
Debt-free Net Working Capital to Revenue		 0.00% 0.00% 2.17% 0.00%
Net Working Capital to Revenue		 0.00% 0.00% 2.17% 0.00%
Earnings Adjustments		 - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $2.26 $1.93
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 25.70M 32.35M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 $1.93
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 32.55M 32.35M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 32.55M 32.61M
Normalized Net Operating Profit after Tax (NOPAT)		 -4.22 -104 -3.07 -67
Normalized NOPAT Margin		 -22.13% 0.00% -6.16% 0.00%
Pre Tax Income Margin		 344.74% 0.00% 216.33% 0.00%
Debt Service Ratios		 - - - -
EBIT to Interest Expense		 -0.06 0.00 0.00 0.00
NOPAT to Interest Expense		 -0.70 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 -0.06 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 -0.70 0.00 0.00 0.00
Payout Ratios		 - - - -
Dividend Payout Ratio		 9.57% -25.28% 31.45% 97.74%
Augmented Payout Ratio		 9.57% -25.28% 31.45% 100.39%

Quarterly Metrics And Ratios for Palmer Square Capital BDC

This table displays calculated financial ratios and metrics derived from Palmer Square Capital BDC's official financial filings.

Metric Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Period end date 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
Growth Metrics		 - - - - - - - -
Revenue Growth		 0.00% 0.00% 0.00% 0.00% -18.54% -77.81% -142.91% -64.41%
EBITDA Growth		 0.00% 0.00% 0.00% 0.00% -105.48% -469.49% -668.00% -9.74%
EBIT Growth		 0.00% 0.00% 0.00% 0.00% -103.21% -459.24% -654.73% -12.45%
NOPAT Growth		 0.00% 0.00% 0.00% 0.00% -92.06% -355.32% -685.72% -47.86%
Net Income Growth		 0.00% 0.00% 0.00% 0.00% -10.35% -72.66% -77.68% 32.01%
EPS Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -15.79% 0.00%
Operating Cash Flow Growth		 0.00% 0.00% 0.00% 0.00% -951.25% 94.84% 288.84% 906.60%
Free Cash Flow Firm Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Invested Capital Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -1,533.59%
Revenue Q/Q Growth		 0.00% -14.77% -20.43% -211.45% 0.00% -76.78% -253.85% -327.03%
EBITDA Q/Q Growth		 0.00% -36.15% -37.62% -705.48% 0.00% -4,203.75% 4.11% -16.98%
EBIT Q/Q Growth		 0.00% -34.72% -38.17% -685.38% 0.00% -7,212.45% 4.53% -18.66%
NOPAT Q/Q Growth		 0.00% -37.00% -39.04% -527.55% 0.00% -2,125.48% -39.85% -7.93%
Net Income Q/Q Growth		 0.00% -10.62% -45.47% -269.99% 0.00% -72.74% -55.48% -617.89%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 0.00% -135.61% 81.32% 283.27% 0.00% 99.78% 783.62% 876.94%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% -232.99% 83.69% 1,611.38%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 0.00% -100.84% 16.78% -259.83% -154.20%
Profitability Metrics		 - - - - - - - -
Gross Margin		 100.00% 100.00% 100.00% 0.00% 100.00% 100.00% 0.00% 0.00%
EBITDA Margin		 45.77% 34.29% 26.88% 0.00% -3.08% -570.85% 0.00% 0.00%
Operating Margin		 47.08% 34.80% 26.66% 0.00% 4.59% -400.42% 0.00% 0.00%
EBIT Margin		 46.15% 35.35% 27.47% 0.00% -1.82% -572.23% 0.00% 0.00%
Profit (Net Income) Margin		 247.26% 259.30% 177.71% 0.00% 272.14% 319.45% 0.00% 0.00%
Tax Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Interest Burden Percent		 535.76% 733.56% 647.01% 187.89% -14,977.05% -55.82% -26.03% 113.61%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Equity (ROE)		 0.00% 0.00% 0.00% 26.13% 47.22% 39.84% 70.99% 9.54%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Return on Assets (OROA)		 0.00% 0.00% 0.00% 0.00% -0.13% -32.95% 0.00% 0.00%
Return on Assets (ROA)		 0.00% 0.00% 0.00% 0.00% 19.77% 18.39% 0.00% 0.00%
Return on Common Equity (ROCE)		 0.00% 0.00% 0.00% 26.12% 47.22% 39.84% 70.99% 9.54%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 0.00% 0.00% 47.22% 39.84% 35.49% 0.00%
Net Operating Profit after Tax (NOPAT)		 13 8.33 5.08 -22 1.05 -21 -30 -32
NOPAT Margin		 47.08% 34.80% 26.66% 0.00% 4.59% -400.42% 0.00% 0.00%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% -7.69% 21.57% 13.75% 13.10% -1.31%
Return On Investment Capital (ROIC_SIMPLE)		 - - - -1.97% - - - -2.39%
Cost of Revenue to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 2.06% 2.33% 2.77% 0.00% 4.20% 19.90% 0.00% 0.00%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 52.92% 65.20% 73.34% 0.00% 95.41% 500.42% 0.00% 0.00%
Earnings before Interest and Taxes (EBIT)		 13 8.46 5.23 -31 -0.42 -30 -29 -34
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 13 8.21 5.12 -31 -0.70 -30 -29 -34
Valuation Ratios		 - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 0.00 0.00 0.96 0.98 0.92
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.96 0.98 0.92
Price to Revenue (P/Rev)		 0.00 0.00 0.00 0.00 0.00 6.27 9.35 0.00
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 2.41 2.76 10.41
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.44% 3.34% 6.20% 9.80%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 41.54% 36.23% 9.61%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 0.00 0.00 0.00 23.67 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 1.39 1.42 1.49 1.52 1.50
Long-Term Debt to Equity		 0.00 0.00 0.00 1.39 1.42 0.95 0.96 0.93
Financial Leverage		 0.00 0.00 0.00 -1.01 -1.02 -1.01 -1.05 -1.07
Leverage Ratio		 0.00 0.00 0.00 2.64 2.53 2.66 2.61 2.55
Compound Leverage Factor		 0.00 0.00 0.00 4.96 -378.77 -1.48 -0.68 2.90
Debt to Total Capital		 0.00% 0.00% 0.00% 58.15% 58.74% 59.92% 60.34% 59.92%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 21.95% 22.39% 22.54%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 58.15% 58.74% 37.97% 37.95% 37.38%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 0.00% 0.00% 0.00% 41.85% 41.26% 40.08% 39.66% 40.08%
Debt to EBITDA		 0.00 0.00 0.00 -133.27 29.30 -72.00 -18.08 -8.54
Net Debt to EBITDA		 0.00 0.00 0.00 -132.74 -22.35 54.96 -17.83 -8.42
Long-Term Debt to EBITDA		 0.00 0.00 0.00 -133.27 29.30 -45.63 -11.37 -5.33
Debt to NOPAT		 0.00 0.00 0.00 -146.27 25.11 396.97 -25.16 -8.39
Net Debt to NOPAT		 0.00 0.00 0.00 -145.69 -19.15 -303.03 -24.82 -8.27
Long-Term Debt to NOPAT		 0.00 0.00 0.00 -146.27 25.11 251.55 -15.83 -5.23
Altman Z-Score		 0.00 0.00 0.00 0.00 0.00 1.21 0.01 -0.08
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.03% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - -
Current Ratio		 0.00 0.00 0.00 2.01 73.11 4.56 0.01 0.01
Quick Ratio		 0.00 0.00 0.00 1.98 72.59 4.53 0.01 0.01
Cash Flow Metrics		 - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 0.00 0.00 0.00 10 -14 -2.22 34
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.78 -0.91 0.00 0.00
Operating Cash Flow to Interest Expense		 2.71 -0.92 0.00 0.00 -18.05 -0.03 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 2.71 -0.92 0.00 0.00 -18.05 -0.03 0.00 0.00
Efficiency Ratios		 - - - - - - - -
Asset Turnover		 0.00 0.00 0.00 0.05 0.07 0.06 0.08 0.00
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accounts Payable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Cash Conversion Cycle (CCC)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Capital & Investment Metrics		 - - - - - - - -
Invested Capital		 0.00 0.00 0.00 -4.28 -9.19 -7.65 -28 -70
Invested Capital Turnover		 0.00 0.00 0.00 -11.64 -22.33 -21.96 -4.12 0.00
Increase / (Decrease) in Invested Capital		 0.00 0.00 0.00 0.00 -9.19 -7.65 -28 -66
Enterprise Value (EV)		 0.00 0.00 0.00 0.00 0.00 -100 1,344 1,288
Market Capitalization		 0.00 0.00 0.00 0.00 0.00 526 531 496
Book Value per Share		 $0.00 $0.00 $0.00 $17.97 $17.68 $16.85 $16.62 $16.47
Tangible Book Value per Share		 $0.00 $0.00 $0.00 $17.97 $17.68 $16.85 $16.62 $16.47
Total Capital		 0.00 0.00 0.00 1,104 1,354 1,369 1,366 1,342
Total Debt		 0.00 0.00 0.00 642 795 820 824 804
Total Long-Term Debt		 0.00 0.00 0.00 642 795 520 518 502
Net Debt		 0.00 0.00 0.00 639 -607 -626 813 792
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 0.00 0.00 -1.04 -9.19 -7.65 -0.95 -1.34
Debt-free Net Working Capital (DFNWC)		 0.00 0.00 0.00 1.08 1,393 1,439 0.83 1.43
Net Working Capital (NWC)		 0.00 0.00 0.00 1.08 1,393 1,138 -305 -301
Net Nonoperating Expense (NNE)		 -56 -54 -29 36 -61 -38 -37 7.02
Net Nonoperating Obligations (NNO)		 0.00 0.00 0.00 -466 -568 -556 -569 -608
Total Depreciation and Amortization (D&A)		 -0.11 -0.25 -0.11 -0.37 -0.29 0.07 -0.06 0.42
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% -2.08% -8.96% -9.11% -1.68% 0.00%
Debt-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% 2.17% 1,356.96% 1,713.08% 1.47% 0.00%
Net Working Capital to Revenue		 0.00% 0.00% 0.00% 2.17% 1,356.96% 1,355.31% -537.36% 0.00%
Earnings Adjustments		 - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.00 $0.58 $0.52 $0.48 $0.48 $0.45
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 0.00 25.70M 31.59M 32.57M 32.61M 32.35M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.48 $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 0.00 25.70M 32.57M 32.62M 32.61M 32.35M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 0.00 32.55M 32.57M 32.62M 32.65M 32.61M
Normalized Net Operating Profit after Tax (NOPAT)		 9.26 5.83 3.56 -22 0.74 -15 -21 -32
Normalized NOPAT Margin		 32.96% 24.36% 18.67% 0.00% 3.21% -280.29% 0.00% 0.00%
Pre Tax Income Margin		 247.26% 259.30% 177.71% 0.00% 272.14% 319.45% 0.00% 0.00%
Debt Service Ratios		 - - - - - - - -
EBIT to Interest Expense		 1.26 0.78 0.00 0.00 -0.03 -2.03 0.00 0.00
NOPAT to Interest Expense		 1.28 0.77 0.00 0.00 0.08 -1.42 0.00 0.00
EBIT Less CapEx to Interest Expense		 1.26 0.78 0.00 0.00 -0.03 -2.03 0.00 0.00
NOPAT Less CapEx to Interest Expense		 1.28 0.77 0.00 0.00 0.08 -1.42 0.00 0.00
Payout Ratios		 - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 31.45% 10.23% 16.78% 23.49% 97.74%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 31.45% 10.23% 16.78% 23.49% 100.39%

Key Financial Trends

Palmer Square Capital BDC (NYSE:PSBD) reported mixed results in Q4 2024, with a significant net loss on the income statement but healthy cash generation on the statement of cash flows. While revenue fell sharply year-over-year, the firm continues to generate strong operating cash flow and free cash flow to the firm, supporting a high dividend yield and attractive valuation metrics.

  • Strong operating cash flow: Q4 2024 generated $34.3 M of net cash from continuing operating activities.
  • Healthy free cash flow: Free cash flow to firm (FCFF) of $33.6 M in Q4 2024 bolsters liquidity and dividend coverage.
  • High dividend yield: With a dividend yield of 9.80% in Q4 2024, PSBD remains among the higher-yielding BDCs.
  • Undervalued book multiple: Price to book of 0.92x at quarter-end suggests shares trade below net asset value.
  • Decent ROE: Return on equity of 9.54% in Q4 2024 indicates efficient use of equity capital.
  • Leverage structure: Total debt of $804 M against shareholders’ equity of $542 M (debt/equity ~1.5x) remains in line with BDC peers.
  • Stable EPS: Q4 2024 adjusted basic EPS of $0.45 was in line with Q3, even amid portfolio mark-to-market volatility.
  • Revenue decline: Operating revenue plunged 64% year-over-year in Q4 2024, driven by mark-to-market losses in the investment portfolio.
  • Net loss in Q4: Consolidated net loss of $39.1 M reflects heavy investment write-downs and other non-cash adjustments.
  • High other operating expenses: Other operating expenses of $9.65 M in Q4 2024 weighed on pre-tax income and profitability.
06/22/25 03:48 PMAI Generated. May Contain Errors.

Frequently Asked Questions About Palmer Square Capital BDC's Financials

When does Palmer Square Capital BDC's fiscal year end?

According to the most recent income statement we have on file, Palmer Square Capital BDC's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Palmer Square Capital BDC's net income changed over the last 3 years?

Palmer Square Capital BDC's net income appears to be on an upward trend, with a most recent value of $47.67 million in 2024, falling from $65.71 million in 2021. The previous period was $107.84 million in 2023. See Palmer Square Capital BDC's forecast for analyst expectations on what’s next for the company.

What is Palmer Square Capital BDC's operating income?
Palmer Square Capital BDC's total operating income in 2024 was -$95.85 million, based on the following breakdown:
  • Total Gross Profit: -$14.88 million
  • Total Operating Expenses: $80.96 million
How has Palmer Square Capital BDC's revenue changed over the last 3 years?

Over the last 3 years, Palmer Square Capital BDC's total revenue changed from $19.06 million in 2021 to -$14.88 million in 2024, a change of -178.1%.

How much debt does Palmer Square Capital BDC have?

Palmer Square Capital BDC's total liabilities were at $893.20 million at the end of 2024, a 35.4% increase from 2023, and a 28.7% increase since 2022.

How much cash does Palmer Square Capital BDC have?

In the past 2 years, Palmer Square Capital BDC's cash and equivalents has ranged from $1.65 million in 2022 to $2.77 million in 2024, and is currently $2.77 million as of their latest financial filing in 2024.

How has Palmer Square Capital BDC's book value per share changed over the last 3 years?

Over the last 3 years, Palmer Square Capital BDC's book value per share changed from 0.00 in 2021 to 16.47 in 2024, a change of 1,647.5%.


Related Companies

This page (NYSE:PSBD) was last updated on 6/22/2025 by MarketBeat.com Staff
From Our Partners
Gold is soaring. Here’s how to get paid from it
Gold just broke through $3,300… And while the headlines shout about price targets, something even more powe...
Investors Alley | Sponsored
When This Happens, You Don’t Wait. You Act.
This same signal has appeared twice before in the past 8 years — both times, it kicked off major moves in cryp...
Crypto Swap Profits | Sponsored
3..2..1.. AI 2.0 ignition (don’t sleep on this)
I just put together an urgent new presentation that you need to see right away. In short: I believe we are...
Timothy Sykes | Sponsored
A grave, grave error.
It seems like the world is on fire. Trump’s tariffs are crippling economies worldwide. Canada’s been cri...
Porter & Company | Sponsored
Most Bitcoin holders have no idea this exists
Here’s what 99% of Bitcoin holders don’t know: There’s a way to amplify your Bitcoin gains without buying m...
Brownstone Research | Sponsored
[No Brainer Gold Play]: “Show me a better investment.”
A Historic Gold Announcement Is About to Rock Wall Street? For months, sharp-eyed analysts have watched the...
Golden Portfolio | Sponsored
White House to reset Social Security?
Elon Musk's parting DOGE gift looks set to shock America... A single announcement by July 22nd could soon b...
Altimetry | Sponsored
Trump’s Exec Order #14154 could be a “Millionaire-Maker”
Former Presidential Advisor, Jim Rickards, says Trump could “rewire our economy and hand millions of Americans...
Paradigm Press | Sponsored