Palmer Square Capital BDC (PSBD) Financials

$12.80 -0.34 (-2.55%)

Closing price 04/17/2025 03:58 PM Eastern

Extended Trading

$12.82 +0.02 (+0.12%)

As of 04/17/2025 04:05 PM Eastern

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
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

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
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

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
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

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
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

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
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

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
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

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

Metric	2021	2022	2023	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%

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
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%

Frequently Asked Questions About Palmer Square Capital BDC's Financials

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

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

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 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%.

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This page (NYSE:PSBD) was last updated on 4/20/2025 by MarketBeat.com Staff

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Palmer Square Capital BDC (PSBD) Financials

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Palmer Square Capital BDC (PSBD) Financials

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