Public, exchange-traded

GLAD — Gladstone Capital Corporation

Gladstone Capital Corporation is a business development company managed by Gladstone Management. Strategy: middle-market lower/core lending.

What SpreadVista tracks for GLAD

•Marks-to-par across the portfolio. Fair value as a fraction of par cost — the canonical health signal for a private-credit position — read from GLAD's own iXBRL tags and tracked quarter-over-quarter. A mark needs a par basis to exist, and GLAD reports one on 53.2% of the positions we serve; the rest (equity stakes, warrants, untagged principal) are shown without one rather than estimated.
•Reported NAV per share. GLAD's net asset value per share as filed, and — for exchange-listed tickers — the premium or discount its market price carries to that NAV.
•Non-accrual positions. The GLAD positions we tied to a non-accrual disclosure in the filer's own footnotes, and the dollar exposure behind them. A position is flagged only where the filing says so — every other position is carried as unknown, never as performing — so read this as a floor on GLAD's non-accruals, not a complete list.
•Top issuers by fair value. GLAD's concentration profile — the largest 10/25/50 exposures with mark and maturity context.
•Spread surface vs comparable BDCs. Where GLAD's positions sit on the credit-spread surface relative to peer-group BDCs holding similar credits, across the 52.5% of its positions that carry a tagged spread over a reference rate.
•Cross-vehicle issuer exposure. Which other BDCs and interval funds hold the same credits as GLAD — a contagion-risk view incumbents charge $20K–200K per seat for.

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Free to research. Every GLAD position we serve, every cross-vehicle overlap — sourced directly from primary regulatory disclosures, with the methodology and the coverage gaps shown on every chart.

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About GLAD

Ticker: GLAD
Legal name: Gladstone Capital Corporation
Manager / Advisor: Gladstone Management
Category: Public, exchange-traded
Strategy: Middle-market lower/core lending
Fiscal year end: 09-30

Related concepts

Plain-English explanations of the concepts behind BDC analysis:

What SpreadVista tracks for GLAD

•Marks-to-par across the portfolio. Fair value as a fraction of par cost — the canonical health signal for a private-credit position — read from GLAD's own iXBRL tags and tracked quarter-over-quarter. A mark needs a par basis to exist, and GLAD reports one on 53.2% of the positions we serve; the rest (equity stakes, warrants, untagged principal) are shown without one rather than estimated.

•Reported NAV per share. GLAD's net asset value per share as filed, and — for exchange-listed tickers — the premium or discount its market price carries to that NAV.

•Non-accrual positions. The GLAD positions we tied to a non-accrual disclosure in the filer's own footnotes, and the dollar exposure behind them. A position is flagged only where the filing says so — every other position is carried as unknown, never as performing — so read this as a floor on GLAD's non-accruals, not a complete list.

•Top issuers by fair value. GLAD's concentration profile — the largest 10/25/50 exposures with mark and maturity context.

•Spread surface vs comparable BDCs. Where GLAD's positions sit on the credit-spread surface relative to peer-group BDCs holding similar credits, across the 52.5% of its positions that carry a tagged spread over a reference rate.

•Cross-vehicle issuer exposure. Which other BDCs and interval funds hold the same credits as GLAD — a contagion-risk view incumbents charge $20K–200K per seat for.