Goldman Sachs BDC(US:GSBD)2024-02-29 14:11Portfolio Composition and Credit Quality - As of December 31, 2023, 97.2% of the investment portfolio was comprised of senior secured debt, with 95.3% in first lien investments[21] - Investments on non-accrual status represented 2.3% of the total investment portfolio at fair value and 3.8% at amortized cost as of December 31, 2023[31] - The company's total investments at fair value were $3,414.3 million as of December 31, 2023[21] - The company had $307.5 million in unfunded commitments as of December 31, 2023[43] Financial Performance - Net asset value (NAV) per share increased by 0.07% to $14.62 as of December 31, 2023, from $14.61 as of September 30, 2023[21] - Net investment income per share for the quarter ended December 31, 2023, was $0.56, and adjusted net investment income per share was $0.55[20] - Earnings per share for the quarter ended December 31, 2023, was $0.46[20] - The company's ending net debt to equity ratio was 1.11x as of December 31, 2023[22] Investment Activity - The company made new investment commitments of $166.2 million during the quarter ended December 31, 2023, all of which were first lien investments[21, 27] - Sales and repayments totaled $224.0 million for the quarter[21, 27] Debt Structure - As of December 31, 2023, 46.9% of the company's $1,832.2 million total principal amount of debt outstanding was in unsecured debt and 53.1% in secured debt[22] - The company's debt includes $972 million in a revolving credit facility, $360 million in 2025 notes, and $500 million in 2026 notes[50]