Great Elm Capital Corp. (GECC) 10-Year Financial Performance & Capital Metrics

GECC • • Banking & Credit

Financial ServicesAsset ManagementBusiness Development Companies (BDCs)Middle Market Lenders

AboutGreat Elm Capital Corp. is a business development company which specializes in loan and mezzanine, middle market investments. It invests in the debt instruments of middle market companies. The fund prefers to invest in media, commercial services and supplies, healthcare, telecommunication services, communications equipment. It typically makes equity investments between $3 million and $10 million in companies with revenues between $3 million and $75 million.Show more

Net Interest Income $17M -11.3%
Total Revenue $39M +9.8%
Net Income $4M -86.0%
Return on Equity 3.03% -89.0%
Net Interest Margin 4.87% -36.0%
Efficiency Ratio 16.4% -9.6%
ROA 1.21% -86.7%
Equity / Assets 39.8% -0.5%
Book Value per Share 13.83 +6.5%
Tangible BV/Share 13.83 +6.5%
Debt/Equity 1.39 -1.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong NIM of 4.9%
✓Efficient operations: 16.4% efficiency ratio
✓Well capitalized: 39.8% equity/assets
✓Trading at only 0.5x book value

✗Weaknesses

✗Weak 3Y average ROE of 3.7%
✗Weak Piotroski F-Score: 2/9
✗Weak momentum: RS Rating 12 (bottom 12%)
✗Dividend payout exceeds 100% of earnings
✗Shares diluted 29.5% in last year
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y8.28%

5Y7.78%

3Y15.91%

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-234.77%

EPS CAGR

10Y-

5Y-

3Y-

TTM-180.16%

ROCE

10Y Avg-2.88%

5Y Avg-2.99%

3Y Avg1.67%

Latest1.24%

Peer Comparison

Middle Market Lenders

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
GSBDGoldman Sachs BDC, Inc.	1.08B	9.43	17.15	-57.7%	32.67%	9.15%	18.68%	1.23
CSWCCapital Southwest Corporation	1.36B	23.72	16.14	7.67%	43.07%	9.13%		1.08
HCXYHercules Capital, Inc.	2.36B	25.18	15.64	-9.71%	62.54%	14.13%		0.90
TRINITrinity Capital Inc. 7.875% Notes Due 2029	1.91B	25.41	12.10	29.68%	50.98%	15.22%	4.92%	1.08
HTGCHercules Capital, Inc.	3.45B	18.97	11.78	-12.79%	61.03%	14.17%		0.90
TSLXSixth Street Specialty Lending, Inc.	2.12B	22.40	11.03	-2.72%	51.86%	11.83%	8.85%	1.18
MAINMain Street Capital Corporation	5.75B	64.20	10.97	18.32%	70.11%	18.28%		0.76
GBDCGolub Capital BDC, Inc.	3.68B	13.95	9.82	80.52%	46.2%	9.4%

Profit & Loss

	Jun 2016	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	10.37M	0	26.08M	22.25M	17.38M	11.24M	10.99M	9.31M	18.79M	16.66M
NII Growth %	-0.18%	-1%	-	-0.15%	-0.22%	-0.35%	-0.02%	-0.15%	1.02%	-0.11%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	14.17M	630K	28.92M	27.33M	24.2M	19.21M	19.92M	18.68M	28.9M	31.54M
Interest Expense	3.8M	0	2.84M	5.09M	6.82M	7.97M	8.93M	9.38M	10.12M	14.88M
Loan Loss Provision	0	1.41M	0	0	0	0	0	0	0	-1.5M
Non-Interest Income+	-16.96M	8.12M	804K	420K	2.84M	3.69M	5.34M	5.75M	6.92M	7.78M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	-2.79M	8.75M	29.73M	27.75M	27.04M	22.9M	25.25M	24.43M	35.83M	39.32M
Revenue Growth %	-1.16%	4.14%	2.4%	-0.07%	-0.03%	-0.15%	0.1%	-0.03%	0.47%	0.1%
Non-Interest Expense	3.11M	34.8M	2.55M	4.21M	3.59M	4.24M	5.18M	820K	6.5M	6.45M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	-9.7M	5.98M	-2.75M	-9.01M	-7.55M	-31.96M	-10.28M	-15.58M	25.33M	3.55M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.87%	1.62%	-1.46%	-2.27%	0.16%	-3.23%	0.68%	-0.52%	2.63%	-0.86%
Pretax Income+	-9.7M	-17.37M	-2.75M	-9.01M	-7.55M	-31.96M	-10.28M	-15.33M	25.62M	3.55M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	0	-17.37M	124K	180K	209K	17K	48K	252K	287K	0
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	-9.7M	-17.79M	-2.75M	-9.01M	-7.55M	-31.96M	-10.28M	-15.58M	25.33M	3.55M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.87%	-0.83%	0.85%	-2.27%	0.16%	-3.23%	0.68%	-0.52%	2.63%	-0.86%
Net Income (Continuing)	-9.7M	-17.87M	-2.75M	-9.01M	-7.55M	-31.96M	-10.28M	-15.58M	25.33M	3.55M
EPS (Diluted)+	-2.57	-6.08	-1.42	-5.07	-4.42	-14.41	-2.52	-2.49	3.33	0.36
EPS Growth %	-0.22%	-1.37%	0.77%	-2.57%	0.13%	-2.26%	0.83%	0.01%	2.34%	-0.89%
EPS (Basic)	-2.57	-6.33	-1.42	-5.07	-4.42	-14.41	-2.52	-2.49	3.33	0.36
Diluted Shares Outstanding	3.78M	2.93M	1.94M	1.78M	1.71M	2.22M	4.07M	6.25M	7.6M	9.84M

Balance Sheet

	Jun 2016	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	587K	953K	1000K
Cash & Due from Banks	33.39M	66.78M	2.92M	4.17M	4.61M	52.58M	9.13M	587K	953K	0
Short Term Investments	0	0	0	1000K	0	0	0	0	0	1000K
Total Investments+	81.12M	154.68M	230.76M	340.36M	0	0	0	0	0	341.16M
Investments Growth %	-0.47%	0.91%	0.49%	0.47%	-1%	-	-	-	-	-
Long-Term Investments	81.12M	154.68M	230.76M	262.27M	0	0	0	0	0	332.71M
Accounts Receivables	993.97K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
PP&E (Net)	0	0	0	0	0	0	0	0	0	0
Other Assets	-81.12M	-236.54M	-239.91M	-281.56M	283.35M	227.25M	412.53M	301.31M	241.89M	391K
Total Current Assets	34.6M	81.87M	8.85M	96.96M	7.69M	56.08M	13.78M	8.8M	4.94M	8.93M
Total Non-Current Assets	81.12M	154.68M	230.76M	262.27M	283.35M	227.25M	412.53M	301.31M	241.89M	333.1M
Total Assets+	115.86M	236.54M	239.91M	281.56M	291.04M	283.33M	426.31M	310.11M	246.82M	342.03M
Asset Growth %	-0.28%	1.04%	0.01%	0.17%	0.03%	-0.03%	0.5%	-0.27%	-0.2%	0.39%
Return on Assets (ROA)	-0.07%	-0.1%	-0.01%	-0.03%	-0.03%	-0.11%	-0.03%	-0.04%	0.09%	0.01%
Accounts Payable	3.89K	21.82M	66.17M	84.1M	74.44M	77.75M	203.6M	70.06M	4.12M	11.8M
Total Debt+	33.11M	163K	31.2M	76.3M	119.81M	115.66M	142M	153.15M	140.21M	189.69M
Net Debt	-284.72K	-66.62M	28.28M	72.13M	115.21M	63.08M	132.87M	152.56M	139.26M	189.69M
Long-Term Debt	33.11M	34.53M	31.2M	76.3M	119.81M	115.66M	142M	153.15M	140.21M	189.69M
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Other Liabilities	-33.11M	0	-31.2M	-76.3M	9.9M	10.3M	6.16M	2.09M	3.75M	4.42M
Total Current Liabilities	3.89K	29.03M	69.53M	87.9M	74.44M	77.75M	203.6M	70.06M	4.12M	11.8M
Total Non-Current Liabilities	33.11M	34.53M	31.2M	76.3M	129.71M	125.96M	148.15M	155.24M	143.97M	194.11M
Total Liabilities	35.19M	128K	107.63M	171.45M	204.15M	203.71M	351.76M	225.3M	148.09M	205.91M
Total Equity+	80.67M	204.3M	94.68M	104.17M	86.89M	79.61M	74.56M	84.81M	98.74M	136.11M
Equity Growth %	-0.19%	1.53%	-0.54%	0.1%	-0.17%	-0.08%	-0.06%	0.14%	0.16%	0.38%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	-0.11%	-0.12%	-0.02%	-0.09%	-0.08%	-0.38%	-0.13%	-0.2%	0.28%	0.03%
Book Value per Share	21.36	69.83	48.74	58.67	50.86	35.89	18.30	13.57	12.99	13.83
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	224.72K	0	107K	107K	101K	38K	45K	76K	76K	115K
Additional Paid-in Capital	128.08M	219.32M	198.43M	198.25M	193.11M	230.7M	245.53M	284.11M	283.8M	332.11M
Retained Earnings	-107.39K	172.98M	-66.25M	-88.24M	-106.33M	-151.12M	-171.02M	-199.37M	-185.13M	-196.11M
Accumulated OCI	-47.53M	172.98M	-33.33M	-88.24M	0	0	0	0	0	0
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	1.33M	0	0	0	0	0	0	0	0

Cash Flow

	Jun 2016	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	40.1M	8.73M	-24.28M	-30.46M	-24.47M	27.39M	-58.49M	-41.76M	15.39M	-82.67M
Operating CF Growth %	2.28%	-0.78%	-3.78%	-0.25%	0.2%	2.12%	-3.14%	0.29%	1.37%	-6.37%
Net Income	-9.7M	-17.87M	-2.75M	-9.01M	-7.55M	-31.96M	-10.28M	-15.58M	25.33M	3.55M
Depreciation & Amortization	0	0	0	0	0	0	0	0	0	0
Deferred Taxes	0	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	72.02M	3.04M	-23.14M	-23.79M	-20.73M	59.38M	-43.47M	-18.21M	-16.14M	-86.15M
Working Capital Changes	-22.22M	11.47M	1.62M	2.34M	3.8M	-36K	-4.75M	-7.96M	6.2M	-74K
Cash from Investing+	0	0	0	0	-21.26M	19.47M	-56.88M	-36.47M	14.77M	0
Purchase of Investments	0	0	0	0	-183.97M	-92.52M	-191.88M	-149.46M	-220.35M	-335.01M
Sale/Maturity of Investments	0	0	0	0	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	0	0	0	0	0	0
Other Investing	0	0	0	0	0	0	0	0	0	93.66M
Cash from Financing+	-10.45M	58.05M	-39.59M	31.71M	24.91M	21.19M	14.45M	33.2M	-25.32M	81.72M
Dividends Paid	-7.96M	-7.96M	-12.79M	-12.74M	-12.78M	-4.99M	-9.93M	-13.02M	-10.64M	-15.07M
Share Repurchases	-2.42M	-1.05M	-24.26M	0	-5M	0	0	0	0	0
Stock Issued	0	0	0	0	0	31.75M	0	37.51M	0	48.71M
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	-66.12K	0	-1000K	1000K	1000K	-1000K	1000K	1000K	-1000K	1000K
Other Financing	0	67.07M	0	0	0	-1.5M	-550K	-1.29M	0	-4.21M
Net Change in Cash+	29.65M	63.05M	-63.87M	1.25M	439K	48.58M	-44.04M	-8.56M	366K	-953K
Exchange Rate Effect	0	0	0	0	1000K	-1000K	1000K	1000K	-1000K	0
Cash at Beginning	3.74M	3.74M	66.78M	2.92M	4.17M	4.61M	53.18M	9.14M	587K	953K
Cash at End	33.39M	66.78M	2.92M	4.17M	4.61M	53.18M	9.14M	587K	953K	0
Interest Paid	0	0	2.49M	5.09M	0	0	0	0	0	0
Income Taxes Paid	0	0	0	120K	0	0	0	0	0	0
Free Cash Flow+	40.1M	8.73M	-24.28M	-30.46M	-24.47M	27.39M	-58.49M	-41.76M	15.39M	-82.67M
FCF Growth %	2.28%	-0.78%	-3.78%	-0.25%	0.2%	2.12%	-3.14%	0.29%	1.37%	-6.37%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-10.74%	-12.48%	-1.84%	-9.06%	-7.9%	-38.38%	-13.33%	-19.56%	27.6%	3.03%
Return on Assets (ROA)	-7.01%	-10.09%	-1.16%	-3.45%	-2.64%	-11.13%	-2.9%	-4.23%	9.1%	1.21%
Net Interest Margin	8.95%	0%	10.87%	7.9%	5.97%	3.97%	2.58%	3%	7.61%	4.87%
Efficiency Ratio	-111.63%	397.82%	8.57%	15.18%	13.29%	18.54%	20.52%	3.36%	18.14%	16.4%
Equity / Assets	69.63%	86.37%	39.46%	37%	29.85%	28.1%	17.49%	27.35%	40%	39.8%
Book Value / Share	21.36	69.83	48.74	58.67	50.86	35.89	18.3	13.57	12.99	13.83
NII Growth	-18.04%	-100%	-	-14.7%	-21.89%	-35.33%	-2.2%	-15.32%	101.87%	-11.32%
Dividend Payout	-	-	-	-	-	-	-	-	-	424.29%

Frequently Asked Questions

Valuation & Price

Great Elm Capital Corp. (GECC) has a price-to-earnings (P/E) ratio of 20.2x. This is roughly in line with market averages.

Growth & Financials

Great Elm Capital Corp. (GECC) grew revenue by 9.8% over the past year. This is steady growth.

Great Elm Capital Corp. (GECC) reported a net loss of $8.0M for fiscal year 2024.

Dividend & Returns

Yes, Great Elm Capital Corp. (GECC) pays a dividend with a yield of 21.06%. This makes it attractive for income-focused investors.

Great Elm Capital Corp. (GECC) has a return on equity (ROE) of 3.0%. This is below average, suggesting room for improvement.

Industry Metrics

Great Elm Capital Corp. (GECC) has a net interest margin (NIM) of 4.9%. This indicates healthy earnings from lending activities.

Great Elm Capital Corp. (GECC) has an efficiency ratio of 16.4%. This is excellent, indicating strong cost control.

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Great Elm Capital Corp. (GECC) 10-Year Financial Performance & Capital Metrics

GECC • • Banking & Credit

Financial ServicesAsset ManagementBusiness Development Companies (BDCs)Middle Market Lenders

Net Interest Income $17M -11.3%
Total Revenue $39M +9.8%
Net Income $4M -86.0%
Return on Equity 3.03% -89.0%
Net Interest Margin 4.87% -36.0%
Efficiency Ratio 16.4% -9.6%
ROA 1.21% -86.7%
Equity / Assets 39.8% -0.5%
Book Value per Share 13.83 +6.5%
Tangible BV/Share 13.83 +6.5%
Debt/Equity 1.39 -1.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong NIM of 4.9%
✓Efficient operations: 16.4% efficiency ratio
✓Well capitalized: 39.8% equity/assets
✓Trading at only 0.5x book value

✗Weaknesses

✗Weak 3Y average ROE of 3.7%
✗Weak Piotroski F-Score: 2/9
✗Weak momentum: RS Rating 12 (bottom 12%)
✗Dividend payout exceeds 100% of earnings
✗Shares diluted 29.5% in last year
✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y8.28%

5Y7.78%

3Y15.91%

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-234.77%

EPS CAGR

10Y-

5Y-

3Y-

TTM-180.16%

ROCE

10Y Avg-2.88%

5Y Avg-2.99%

3Y Avg1.67%

Latest1.24%

Peer Comparison

Middle Market Lenders

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
GSBDGoldman Sachs BDC, Inc.	1.08B	9.43	17.15	-57.7%	32.67%	9.15%	18.68%	1.23
CSWCCapital Southwest Corporation	1.36B	23.72	16.14	7.67%	43.07%	9.13%		1.08
HCXYHercules Capital, Inc.	2.36B	25.18	15.64	-9.71%	62.54%	14.13%		0.90
TRINITrinity Capital Inc. 7.875% Notes Due 2029	1.91B	25.41	12.10	29.68%	50.98%	15.22%	4.92%	1.08
HTGCHercules Capital, Inc.	3.45B	18.97	11.78	-12.79%	61.03%	14.17%		0.90
TSLXSixth Street Specialty Lending, Inc.	2.12B	22.40	11.03	-2.72%	51.86%	11.83%	8.85%	1.18
MAINMain Street Capital Corporation	5.75B	64.20	10.97	18.32%	70.11%	18.28%		0.76
GBDCGolub Capital BDC, Inc.	3.68B	13.95	9.82	80.52%	46.2%	9.4%

Profit & Loss

	Jun 2016	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	10.37M	0	26.08M	22.25M	17.38M	11.24M	10.99M	9.31M	18.79M	16.66M
NII Growth %	-0.18%	-1%	-	-0.15%	-0.22%	-0.35%	-0.02%	-0.15%	1.02%	-0.11%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	14.17M	630K	28.92M	27.33M	24.2M	19.21M	19.92M	18.68M	28.9M	31.54M
Interest Expense	3.8M	0	2.84M	5.09M	6.82M	7.97M	8.93M	9.38M	10.12M	14.88M
Loan Loss Provision	0	1.41M	0	0	0	0	0	0	0	-1.5M
Non-Interest Income+	-16.96M	8.12M	804K	420K	2.84M	3.69M	5.34M	5.75M	6.92M	7.78M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	-2.79M	8.75M	29.73M	27.75M	27.04M	22.9M	25.25M	24.43M	35.83M	39.32M
Revenue Growth %	-1.16%	4.14%	2.4%	-0.07%	-0.03%	-0.15%	0.1%	-0.03%	0.47%	0.1%
Non-Interest Expense	3.11M	34.8M	2.55M	4.21M	3.59M	4.24M	5.18M	820K	6.5M	6.45M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	-9.7M	5.98M	-2.75M	-9.01M	-7.55M	-31.96M	-10.28M	-15.58M	25.33M	3.55M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-0.87%	1.62%	-1.46%	-2.27%	0.16%	-3.23%	0.68%	-0.52%	2.63%	-0.86%
Pretax Income+	-9.7M	-17.37M	-2.75M	-9.01M	-7.55M	-31.96M	-10.28M	-15.33M	25.62M	3.55M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	0	-17.37M	124K	180K	209K	17K	48K	252K	287K	0
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	-9.7M	-17.79M	-2.75M	-9.01M	-7.55M	-31.96M	-10.28M	-15.58M	25.33M	3.55M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.87%	-0.83%	0.85%	-2.27%	0.16%	-3.23%	0.68%	-0.52%	2.63%	-0.86%
Net Income (Continuing)	-9.7M	-17.87M	-2.75M	-9.01M	-7.55M	-31.96M	-10.28M	-15.58M	25.33M	3.55M
EPS (Diluted)+	-2.57	-6.08	-1.42	-5.07	-4.42	-14.41	-2.52	-2.49	3.33	0.36
EPS Growth %	-0.22%	-1.37%	0.77%	-2.57%	0.13%	-2.26%	0.83%	0.01%	2.34%	-0.89%
EPS (Basic)	-2.57	-6.33	-1.42	-5.07	-4.42	-14.41	-2.52	-2.49	3.33	0.36
Diluted Shares Outstanding	3.78M	2.93M	1.94M	1.78M	1.71M	2.22M	4.07M	6.25M	7.6M	9.84M

Balance Sheet

	Jun 2016	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	587K	953K	1000K
Cash & Due from Banks	33.39M	66.78M	2.92M	4.17M	4.61M	52.58M	9.13M	587K	953K	0
Short Term Investments	0	0	0	1000K	0	0	0	0	0	1000K
Total Investments+	81.12M	154.68M	230.76M	340.36M	0	0	0	0	0	341.16M
Investments Growth %	-0.47%	0.91%	0.49%	0.47%	-1%	-	-	-	-	-
Long-Term Investments	81.12M	154.68M	230.76M	262.27M	0	0	0	0	0	332.71M
Accounts Receivables	993.97K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
PP&E (Net)	0	0	0	0	0	0	0	0	0	0
Other Assets	-81.12M	-236.54M	-239.91M	-281.56M	283.35M	227.25M	412.53M	301.31M	241.89M	391K
Total Current Assets	34.6M	81.87M	8.85M	96.96M	7.69M	56.08M	13.78M	8.8M	4.94M	8.93M
Total Non-Current Assets	81.12M	154.68M	230.76M	262.27M	283.35M	227.25M	412.53M	301.31M	241.89M	333.1M
Total Assets+	115.86M	236.54M	239.91M	281.56M	291.04M	283.33M	426.31M	310.11M	246.82M	342.03M
Asset Growth %	-0.28%	1.04%	0.01%	0.17%	0.03%	-0.03%	0.5%	-0.27%	-0.2%	0.39%
Return on Assets (ROA)	-0.07%	-0.1%	-0.01%	-0.03%	-0.03%	-0.11%	-0.03%	-0.04%	0.09%	0.01%
Accounts Payable	3.89K	21.82M	66.17M	84.1M	74.44M	77.75M	203.6M	70.06M	4.12M	11.8M
Total Debt+	33.11M	163K	31.2M	76.3M	119.81M	115.66M	142M	153.15M	140.21M	189.69M
Net Debt	-284.72K	-66.62M	28.28M	72.13M	115.21M	63.08M	132.87M	152.56M	139.26M	189.69M
Long-Term Debt	33.11M	34.53M	31.2M	76.3M	119.81M	115.66M	142M	153.15M	140.21M	189.69M
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Other Liabilities	-33.11M	0	-31.2M	-76.3M	9.9M	10.3M	6.16M	2.09M	3.75M	4.42M
Total Current Liabilities	3.89K	29.03M	69.53M	87.9M	74.44M	77.75M	203.6M	70.06M	4.12M	11.8M
Total Non-Current Liabilities	33.11M	34.53M	31.2M	76.3M	129.71M	125.96M	148.15M	155.24M	143.97M	194.11M
Total Liabilities	35.19M	128K	107.63M	171.45M	204.15M	203.71M	351.76M	225.3M	148.09M	205.91M
Total Equity+	80.67M	204.3M	94.68M	104.17M	86.89M	79.61M	74.56M	84.81M	98.74M	136.11M
Equity Growth %	-0.19%	1.53%	-0.54%	0.1%	-0.17%	-0.08%	-0.06%	0.14%	0.16%	0.38%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	-0.11%	-0.12%	-0.02%	-0.09%	-0.08%	-0.38%	-0.13%	-0.2%	0.28%	0.03%
Book Value per Share	21.36	69.83	48.74	58.67	50.86	35.89	18.30	13.57	12.99	13.83
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	224.72K	0	107K	107K	101K	38K	45K	76K	76K	115K
Additional Paid-in Capital	128.08M	219.32M	198.43M	198.25M	193.11M	230.7M	245.53M	284.11M	283.8M	332.11M
Retained Earnings	-107.39K	172.98M	-66.25M	-88.24M	-106.33M	-151.12M	-171.02M	-199.37M	-185.13M	-196.11M
Accumulated OCI	-47.53M	172.98M	-33.33M	-88.24M	0	0	0	0	0	0
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	1.33M	0	0	0	0	0	0	0	0

Cash Flow

	Jun 2016	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	40.1M	8.73M	-24.28M	-30.46M	-24.47M	27.39M	-58.49M	-41.76M	15.39M	-82.67M
Operating CF Growth %	2.28%	-0.78%	-3.78%	-0.25%	0.2%	2.12%	-3.14%	0.29%	1.37%	-6.37%
Net Income	-9.7M	-17.87M	-2.75M	-9.01M	-7.55M	-31.96M	-10.28M	-15.58M	25.33M	3.55M
Depreciation & Amortization	0	0	0	0	0	0	0	0	0	0
Deferred Taxes	0	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	72.02M	3.04M	-23.14M	-23.79M	-20.73M	59.38M	-43.47M	-18.21M	-16.14M	-86.15M
Working Capital Changes	-22.22M	11.47M	1.62M	2.34M	3.8M	-36K	-4.75M	-7.96M	6.2M	-74K
Cash from Investing+	0	0	0	0	-21.26M	19.47M	-56.88M	-36.47M	14.77M	0
Purchase of Investments	0	0	0	0	-183.97M	-92.52M	-191.88M	-149.46M	-220.35M	-335.01M
Sale/Maturity of Investments	0	0	0	0	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	0	0	0	0	0	0
Other Investing	0	0	0	0	0	0	0	0	0	93.66M
Cash from Financing+	-10.45M	58.05M	-39.59M	31.71M	24.91M	21.19M	14.45M	33.2M	-25.32M	81.72M
Dividends Paid	-7.96M	-7.96M	-12.79M	-12.74M	-12.78M	-4.99M	-9.93M	-13.02M	-10.64M	-15.07M
Share Repurchases	-2.42M	-1.05M	-24.26M	0	-5M	0	0	0	0	0
Stock Issued	0	0	0	0	0	31.75M	0	37.51M	0	48.71M
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	-66.12K	0	-1000K	1000K	1000K	-1000K	1000K	1000K	-1000K	1000K
Other Financing	0	67.07M	0	0	0	-1.5M	-550K	-1.29M	0	-4.21M
Net Change in Cash+	29.65M	63.05M	-63.87M	1.25M	439K	48.58M	-44.04M	-8.56M	366K	-953K
Exchange Rate Effect	0	0	0	0	1000K	-1000K	1000K	1000K	-1000K	0
Cash at Beginning	3.74M	3.74M	66.78M	2.92M	4.17M	4.61M	53.18M	9.14M	587K	953K
Cash at End	33.39M	66.78M	2.92M	4.17M	4.61M	53.18M	9.14M	587K	953K	0
Interest Paid	0	0	2.49M	5.09M	0	0	0	0	0	0
Income Taxes Paid	0	0	0	120K	0	0	0	0	0	0
Free Cash Flow+	40.1M	8.73M	-24.28M	-30.46M	-24.47M	27.39M	-58.49M	-41.76M	15.39M	-82.67M
FCF Growth %	2.28%	-0.78%	-3.78%	-0.25%	0.2%	2.12%	-3.14%	0.29%	1.37%	-6.37%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-10.74%	-12.48%	-1.84%	-9.06%	-7.9%	-38.38%	-13.33%	-19.56%	27.6%	3.03%
Return on Assets (ROA)	-7.01%	-10.09%	-1.16%	-3.45%	-2.64%	-11.13%	-2.9%	-4.23%	9.1%	1.21%
Net Interest Margin	8.95%	0%	10.87%	7.9%	5.97%	3.97%	2.58%	3%	7.61%	4.87%
Efficiency Ratio	-111.63%	397.82%	8.57%	15.18%	13.29%	18.54%	20.52%	3.36%	18.14%	16.4%
Equity / Assets	69.63%	86.37%	39.46%	37%	29.85%	28.1%	17.49%	27.35%	40%	39.8%
Book Value / Share	21.36	69.83	48.74	58.67	50.86	35.89	18.3	13.57	12.99	13.83
NII Growth	-18.04%	-100%	-	-14.7%	-21.89%	-35.33%	-2.2%	-15.32%	101.87%	-11.32%
Dividend Payout	-	-	-	-	-	-	-	-	-	424.29%

Frequently Asked Questions

Valuation & Price

Great Elm Capital Corp. (GECC) has a price-to-earnings (P/E) ratio of 20.2x. This is roughly in line with market averages.

Growth & Financials

Great Elm Capital Corp. (GECC) grew revenue by 9.8% over the past year. This is steady growth.

Great Elm Capital Corp. (GECC) reported a net loss of $8.0M for fiscal year 2024.

Dividend & Returns

Yes, Great Elm Capital Corp. (GECC) pays a dividend with a yield of 21.06%. This makes it attractive for income-focused investors.

Great Elm Capital Corp. (GECC) has a return on equity (ROE) of 3.0%. This is below average, suggesting room for improvement.

Industry Metrics

Great Elm Capital Corp. (GECC) has a net interest margin (NIM) of 4.9%. This indicates healthy earnings from lending activities.

Great Elm Capital Corp. (GECC) has an efficiency ratio of 16.4%. This is excellent, indicating strong cost control.