What does minimum asset coverage ratio required mean?

The minimum regulatory or contractual asset coverage ratio that the company must maintain relative to its senior debt obligations. This threshold is designed to ensure the company maintains sufficient equity cushion to protect creditors. Breaching this ratio can trigger restrictive covenants or regulatory intervention.

Golub Capital GBDC Minimum asset coverage ratio required

Minimum asset coverage ratio required at other companies

Blackstone Secured Lending FundBXSL

175.5%-8.7pp

Blue Owl CapitalOBDC

183%+8.0pp

Blue Owl Technology Finance Corp.OTF

208%-42.0pp

State StreetSTT

$0.050.0%

Apollo Global ManagementAPO

400%0.0pp

CitigroupC

3%0.0pp

Other financials

Income statement

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Net income-$46.8M-159%

EPS (diluted)-$0.18-160%

Balance sheet

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Cash & equivalents$135.2M-45.1%

Total debt$4.7B-2.2%

Total equity$3.7B-7.3%

Total assets$8.5B-4.7%

Cash flow

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Operating cash flow$248.8M—

Valuation

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Market cap$3.21B-17.1%

Returns & leverage

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Return on equity5.3%-3.6pp

Debt / equity1.3×+0.1×

Where this comes from

Reported directly by Golub Capital in its filing.

Tagged under the XBRL concept gbdc:InvestmentCompanySeniorSecurityIndebtednessAssetCoverageRatioMinimumThreshold.

The official record: Golub Capital’s 10-Q, filed May 4, 2026, on SEC EDGAR. View the filing →

Questions, answered.

What does minimum asset coverage ratio required mean?: The minimum regulatory or contractual asset coverage ratio that the company must maintain relative to its senior debt obligations. This threshold is designed to ensure the company maintains sufficient equity cushion to protect creditors. Breaching this ratio can trigger restrictive covenants or regulatory intervention.