Golub Capital(US:GBDC)2023-02-09 18:21Financial Performance - Net investment income per share increased from $0.32 to $0.36 from September 30, 2022 to December 31, 2022[10] - Adjusted net investment income per share increased from $0.33 to $0.37 from September 30, 2022 to December 31, 2022[10] - Earnings per share increased from $0.05 to $0.15 from September 30, 2022 to December 31, 2022[10] - Net asset value per share decreased from $14.89 to $14.71 from September 30, 2022 to December 31, 2022[10] - The company declared a quarterly dividend of $0.33 per share, with dividend coverage increasing to 112%[15] Portfolio Composition and Credit Quality - As of December 31, 2022, 85% of the investment portfolio was in first lien one stop loans[44, 46] - As of December 31, 2022, non-accrual investments represented 1.8% of total debt investments at fair value[63] - The fair value of total debt investments as a percentage of principal was 96% as of December 31, 2022[62] Investment Activity - New investment commitments were $247 million for the quarter ended December 31, 2022[41] - Exits and sales of investments totaled $253.8 million for the quarter ended December 31, 2022[41] - The weighted average rate on new investments increased to 11.1% for the quarter ended December 31, 2022[41] Liquidity and Capital Structure - As of December 31, 2022, the company had $103.2 million in unrestricted cash and cash equivalents[87] - As of December 31, 2022, the company had $538.9 million of remaining commitments and availability on its revolving credit facility with JPMorgan[88]