2023 Q4 Form 10-Q Financial Statement
#000121390023085238 Filed on November 09, 2023
Income Statement
Concept | 2023 Q4 | 2023 Q3 | 2022 Q4 |
---|---|---|---|
Revenue | $29.82M | $14.80M | |
YoY Change | 41.63% | ||
Cost Of Revenue | $14.04M | $13.70M | |
YoY Change | |||
Gross Profit | $15.78M | $15.08M | |
YoY Change | |||
Gross Profit Margin | 52.93% | 101.83% | |
Selling, General & Admin | $675.5K | $546.2K | |
YoY Change | |||
% of Gross Profit | 4.28% | 3.62% | |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | |||
YoY Change | |||
% of Gross Profit | |||
Operating Expenses | $394.0K | $14.24M | |
YoY Change | 45.78% | ||
Operating Profit | $15.39M | $830.9K | |
YoY Change | -108.73% | ||
Interest Expense | $6.563M | $11.50M | |
YoY Change | 63.92% | ||
% of Operating Profit | 42.64% | 1384.05% | |
Other Income/Expense, Net | |||
YoY Change | |||
Pretax Income | $21.95M | $33.85M | |
YoY Change | |||
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | $21.95M | $33.85M | |
YoY Change | -601.11% | ||
Net Earnings / Revenue | 73.61% | 228.68% | |
Basic Earnings Per Share | $1.30 | ||
Diluted Earnings Per Share | $0.67 | $1.30 | |
COMMON SHARES | |||
Basic Shares Outstanding | 26.67M shares | 25.79M shares | 23.06M shares |
Diluted Shares Outstanding | 26.02M shares |
Balance Sheet
Concept | 2023 Q4 | 2023 Q3 | 2022 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $2.117M | $3.411M | |
YoY Change | |||
Cash & Equivalents | $2.117M | $3.411M | $1.651M |
Short-Term Investments | |||
Other Short-Term Assets | $30.10K | $620.2K | |
YoY Change | |||
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $4.609M | $12.54M | |
YoY Change | |||
LONG-TERM ASSETS | |||
Property, Plant & Equipment | |||
YoY Change | |||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $1.109B | $1.105B | |
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $1.117B | $1.112B | |
YoY Change | |||
TOTAL ASSETS | |||
Total Short-Term Assets | $4.609M | $12.54M | |
Total Long-Term Assets | $1.117B | $1.112B | |
Total Assets | $1.122B | $1.125B | $1.057B |
YoY Change | 6.09% | 10.28% | -13.13% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $14.71M | $35.23M | |
YoY Change | |||
Accrued Expenses | $1.068M | $901.1K | |
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $18.03M | $45.39M | |
YoY Change | |||
LONG-TERM LIABILITIES | |||
Long-Term Debt | $641.8M | $632.5M | |
YoY Change | |||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $641.8M | $632.5M | |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $18.03M | $45.39M | |
Total Long-Term Liabilities | $641.8M | $632.5M | |
Total Liabilities | $659.9M | $677.9M | $694.0M |
YoY Change | -4.92% | 4.94% | -9.22% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$58.73M | -$66.41M | -$110.5M |
YoY Change | -46.85% | -22.84% | -1475.21% |
Common Stock | $520.7M | $26.67K | $24.29K |
YoY Change | 2143805.01% | 14.08% | 7.61% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $462.0M | $446.9M | $363.4M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $1.122B | $1.125B | $1.057B |
YoY Change | 6.09% | 10.28% | -13.13% |
Cashflow Statement
Concept | 2023 Q4 | 2023 Q3 | 2022 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $21.95M | $33.85M | |
YoY Change | -601.11% | ||
Depreciation, Depletion And Amortization | |||
YoY Change | |||
Cash From Operating Activities | $3.407M | $16.14M | |
YoY Change | |||
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | |||
YoY Change | |||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -4.700M | -14.38M | |
YoY Change | |||
NET CHANGE | |||
Cash From Operating Activities | 3.407M | 16.14M | |
Cash From Investing Activities | |||
Cash From Financing Activities | -4.700M | -14.38M | |
Net Change In Cash | -1.294M | 1.760M | |
YoY Change | |||
FREE CASH FLOW | |||
Cash From Operating Activities | $3.407M | $16.14M | |
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2022Q3 | us-gaap |
Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
|
0.45 | |
us-gaap |
Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
|
1.68 | ||
us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
-3.29 | ||
dei |
Security Exchange Name
SecurityExchangeName
|
NONE | ||
us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
3.39 | ||
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Document Type
DocumentType
|
10-Q | ||
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Document Quarterly Report
DocumentQuarterlyReport
|
true | ||
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Document Period End Date
DocumentPeriodEndDate
|
2023-09-30 | ||
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Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2023 | ||
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Document Transition Report
DocumentTransitionReport
|
false | ||
dei |
Entity File Number
EntityFileNumber
|
000-56126 | ||
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Entity Registrant Name
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|
Palmer Square Capital BDC Inc. | ||
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Entity Incorporation State Country Code
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|
MD | ||
dei |
Entity Tax Identification Number
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|
84-3665200 | ||
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|
1900 Shawnee Mission Parkway | ||
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Entity Address Address Line2
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Suite 315 | ||
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|
Mission Woods | ||
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KS | ||
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66205 | ||
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(816) | ||
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994-3200 | ||
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Security12b Title
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None | ||
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Trading Symbol
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None | ||
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Entity Current Reporting Status
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|
Yes | ||
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Non-accelerated Filer | ||
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CY2022Q3 | cik0001794776 |
Net Realized And Unrealized Gainloss On Investments
NetRealizedAndUnrealizedGainlossOnInvestments
|
-17208112 | usd |
cik0001794776 |
Net Realized And Unrealized Gainloss On Investments
NetRealizedAndUnrealizedGainlossOnInvestments
|
43285360 | usd | |
cik0001794776 |
Net Realized And Unrealized Gainloss On Investments
NetRealizedAndUnrealizedGainlossOnInvestments
|
-104191133 | usd | |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
33853088 | usd |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-6755673 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
85882073 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-75518591 | usd | |
CY2023Q3 | us-gaap |
Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
|
0.57 | |
CY2022Q3 | us-gaap |
Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
|
0.45 | |
us-gaap |
Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
|
1.68 | ||
us-gaap |
Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Basic Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerBasicShare
|
1.25 | ||
CY2023Q3 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
1.3 | |
CY2022Q3 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
-0.29 | |
us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
3.39 | ||
CY2023Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
26016761 | shares |
CY2022Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
23214683 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
25359324 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
22986437 | shares | |
CY2023Q3 | us-gaap |
Net Investment Income
NetInvestmentIncome
|
14803913 | usd |
CY2022Q3 | us-gaap |
Net Investment Income
NetInvestmentIncome
|
10452439 | usd |
us-gaap |
Net Investment Income
NetInvestmentIncome
|
42596713 | usd | |
us-gaap |
Net Investment Income
NetInvestmentIncome
|
28672542 | usd | |
CY2023Q3 | us-gaap |
Realized Investment Gains Losses
RealizedInvestmentGainsLosses
|
-2103618 | usd |
CY2022Q3 | us-gaap |
Realized Investment Gains Losses
RealizedInvestmentGainsLosses
|
-496697 | usd |
us-gaap |
Realized Investment Gains Losses
RealizedInvestmentGainsLosses
|
-2423632 | usd | |
us-gaap |
Realized Investment Gains Losses
RealizedInvestmentGainsLosses
|
-1353321 | usd | |
CY2023Q3 | us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
21152793 | usd |
CY2022Q3 | us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
-16711415 | usd |
us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
45708992 | usd | |
us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
-102837812 | usd | |
CY2023Q3 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
33853088 | usd |
CY2022Q3 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
-6755673 | usd |
us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
85882073 | usd | |
us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
-75518591 | usd | |
CY2023Q3 | cik0001794776 |
Dividends And Distributions To Stockholders
DividendsAndDistributionsToStockholders
|
-28607198 | usd |
CY2022Q3 | cik0001794776 |
Dividends And Distributions To Stockholders
DividendsAndDistributionsToStockholders
|
-10147434 | usd |
cik0001794776 |
Dividends And Distributions To Stockholders
DividendsAndDistributionsToStockholders
|
-41790566 | usd | |
cik0001794776 |
Dividends And Distributions To Stockholders
DividendsAndDistributionsToStockholders
|
-18587402 | usd | |
CY2023Q3 | us-gaap |
Stockholders Equity Period Increase Decrease
StockholdersEquityPeriodIncreaseDecrease
|
-28607198 | usd |
CY2022Q3 | us-gaap |
Stockholders Equity Period Increase Decrease
StockholdersEquityPeriodIncreaseDecrease
|
-10147434 | usd |
us-gaap |
Stockholders Equity Period Increase Decrease
StockholdersEquityPeriodIncreaseDecrease
|
-41790566 | usd | |
us-gaap |
Stockholders Equity Period Increase Decrease
StockholdersEquityPeriodIncreaseDecrease
|
-18587402 | usd | |
CY2023Q3 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
350000 | usd |
us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
17654225 | usd | |
us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
4823801 | usd | |
CY2023Q3 | us-gaap |
Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
|
14734908 | usd |
CY2022Q3 | us-gaap |
Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
|
5378541 | usd |
us-gaap |
Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
|
21670380 | usd | |
us-gaap |
Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
|
10393371 | usd | |
CY2023Q3 | cik0001794776 |
Net Increase In Net Assets From Capital Share Transactions
NetIncreaseInNetAssetsFromCapitalShareTransactions
|
15084908 | usd |
CY2022Q3 | cik0001794776 |
Net Increase In Net Assets From Capital Share Transactions
NetIncreaseInNetAssetsFromCapitalShareTransactions
|
5378541 | usd |
cik0001794776 |
Net Increase In Net Assets From Capital Share Transactions
NetIncreaseInNetAssetsFromCapitalShareTransactions
|
39324605 | usd | |
cik0001794776 |
Net Increase In Net Assets From Capital Share Transactions
NetIncreaseInNetAssetsFromCapitalShareTransactions
|
15217172 | usd | |
CY2023Q3 | cik0001794776 |
Total Increase Decrease In Net Assets
TotalIncreaseDecreaseInNetAssets
|
20330798 | usd |
CY2022Q3 | cik0001794776 |
Total Increase Decrease In Net Assets
TotalIncreaseDecreaseInNetAssets
|
-11524566 | usd |
cik0001794776 |
Total Increase Decrease In Net Assets
TotalIncreaseDecreaseInNetAssets
|
83416112 | usd | |
cik0001794776 |
Total Increase Decrease In Net Assets
TotalIncreaseDecreaseInNetAssets
|
-78888821 | usd | |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
426528796 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
385433333 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
363443482 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
452797588 | usd |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
446859594 | usd |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
373908767 | usd |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
446859594 | usd |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
373908767 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
85882073 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-75518591 | usd | |
us-gaap |
Realized Investment Gains Losses
RealizedInvestmentGainsLosses
|
-2423632 | usd | |
us-gaap |
Realized Investment Gains Losses
RealizedInvestmentGainsLosses
|
-1353321 | usd | |
us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
45708992 | usd | |
us-gaap |
Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
|
-102837812 | usd | |
us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
1221531 | usd | |
us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
137874 | usd | |
us-gaap |
Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
|
460682481 | usd | |
us-gaap |
Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
|
316620789 | usd | |
cik0001794776 |
Purchases Of Portfolio Investments
PurchasesOfPortfolioInvestments
|
188402217 | usd | |
cik0001794776 |
Purchases Of Portfolio Investments
PurchasesOfPortfolioInvestments
|
227650962 | usd | |
us-gaap |
Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
|
411655942 | usd | |
us-gaap |
Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
|
370814557 | usd | |
cik0001794776 |
Proceeds From Sale Of Portfolio Investments
ProceedsFromSaleOfPortfolioInvestments
|
194434792 | usd | |
cik0001794776 |
Proceeds From Sale Of Portfolio Investments
ProceedsFromSaleOfPortfolioInvestments
|
258148610 | usd | |
us-gaap |
Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
|
747093 | usd | |
us-gaap |
Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
|
739152 | usd | |
cik0001794776 |
Increasedecrease In Receivable For Sales Of Investments
IncreasedecreaseInReceivableForSalesOfInvestments
|
-23462037 | usd | |
cik0001794776 |
Increasedecrease In Receivable For Sales Of Investments
IncreasedecreaseInReceivableForSalesOfInvestments
|
-16756220 | usd | |
us-gaap |
Increase Decrease In Interest And Dividends Receivable
IncreaseDecreaseInInterestAndDividendsReceivable
|
1342924 | usd | |
us-gaap |
Increase Decrease In Interest And Dividends Receivable
IncreaseDecreaseInInterestAndDividendsReceivable
|
1917162 | usd | |
us-gaap |
Increase Decrease Due From Affiliates
IncreaseDecreaseDueFromAffiliates
|
40618 | usd | |
us-gaap |
Increase Decrease Due From Affiliates
IncreaseDecreaseDueFromAffiliates
|
-30727 | usd | |
cik0001794776 |
Increasedecrease In Receivable For Paydowns Of Investments
IncreasedecreaseInReceivableForPaydownsOfInvestments
|
146137 | usd | |
cik0001794776 |
Increasedecrease In Receivable For Paydowns Of Investments
IncreasedecreaseInReceivableForPaydownsOfInvestments
|
2963237 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
21880 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
204700 | usd | |
us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
2524428 | usd | |
us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
679066 | usd | |
us-gaap |
Increase Decrease In Payable For Investment Purchased
IncreaseDecreaseInPayableForInvestmentPurchased
|
-7517068 | usd | |
us-gaap |
Increase Decrease In Payable For Investment Purchased
IncreaseDecreaseInPayableForInvestmentPurchased
|
-98194458 | usd | |
us-gaap |
Increase Decrease In Management Fee Payable
IncreaseDecreaseInManagementFeePayable
|
324943 | usd | |
us-gaap |
Increase Decrease In Management Fee Payable
IncreaseDecreaseInManagementFeePayable
|
-245815 | usd | |
cik0001794776 |
Increasedecrease In Directors Fee Payable
IncreasedecreaseInDirectorsFeePayable
|
514 | usd | |
us-gaap |
Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
|
-234402 | usd | |
us-gaap |
Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
|
-1323178 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
16136690 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
26582185 | usd | |
us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
16500000 | usd | |
us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
77750000 | usd | |
us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
28500000 | usd | |
us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
92000000 | usd | |
us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
32114 | usd | |
us-gaap |
Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
|
19998995 | usd | |
us-gaap |
Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
|
14068712 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
17654225 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
4823801 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-14376884 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-23494911 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
1759806 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
3087274 | usd | |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1650801 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1093503 | usd |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
3410607 | usd |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
4180777 | usd |
us-gaap |
Interest Paid Net
InterestPaidNet
|
30173089 | usd | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
13915948 | usd | |
cik0001794776 |
Distributions Declared During The Period
DistributionsDeclaredDuringThePeriod
|
41790566 | usd | |
cik0001794776 |
Distributions Declared During The Period
DistributionsDeclaredDuringThePeriod
|
18587402 | usd | |
cik0001794776 |
Reinvestment Of Distributions During The Period
ReinvestmentOfDistributionsDuringThePeriod
|
21670380 | usd | |
cik0001794776 |
Reinvestment Of Distributions During The Period
ReinvestmentOfDistributionsDuringThePeriod
|
10393371 | usd | |
cik0001794776 |
Distributions Payable
DistributionsPayable
|
7062257 | usd | |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Use of Estimates</i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements. Actual results could differ from those estimates.</p> | ||
us-gaap |
Guarantees Indemnifications And Warranties Policies
GuaranteesIndemnificationsAndWarrantiesPolicies
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Indemnifications</i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In the normal course of business, the Company enters into contracts that contain a variety of representations which provide general indemnifications. The Company’s maximum exposure under these arrangements cannot be known; however, the Company expects any risk of loss to be remote.</p> | ||
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.90 | pure | |
us-gaap |
Effective Income Tax Rate Reconciliation Tax Settlements
EffectiveIncomeTaxRateReconciliationTaxSettlements
|
0.98 | pure | |
us-gaap |
Effective Income Tax Rate Reconciliation Prior Year Income Taxes
EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes
|
0.982 | pure | |
us-gaap |
Effective Income Tax Rate Reconciliation Nondeductible Expense Other
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseOther
|
0.04 | pure | |
us-gaap |
Revenue Recognition Interest
RevenueRecognitionInterest
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Interest and Dividend Income Recognition</i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Interest income is recorded on the accrual basis and includes amortization of premiums or accretion of discounts. Discounts and premiums to par value on securities purchased are accreted and amortized, respectively, into interest income over the contractual life of the respective security using the effective interest method. The amortized cost of investments represents the original cost adjusted for the amortization of premiums or accretion of discounts, if any. Upon prepayment of a loan or debt security, any prepayment premiums, unamortized upfront loan origination fees, paydown gains/losses and unamortized discounts are recorded as interest income in the current period.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Dividend income on preferred equity securities is recorded on the accrual basis to the extent that such amounts are payable by the portfolio company and are expected to be collected. Dividend income on common equity securities and money market funds is recorded on the record date for private portfolio companies or on the ex-dividend date for publicly-traded portfolio companies.</p> | ||
CY2023Q3 | us-gaap |
Investment Interest Rate
InvestmentInterestRate
|
0.02 | pure |
us-gaap |
Property Management Fee Percent Fee
PropertyManagementFeePercentFee
|
0.0175 | pure | |
us-gaap |
Incentive Fee Description
IncentiveFeeDescription
|
The Company will pay the Investment Advisor an Income Incentive Fee with respect to its “adjusted net investment income” in each calendar quarter as follows: ● no Income Incentive Fee in any calendar quarter in which the Company’s “adjusted net investment income” does not exceed an amount equal to a “hurdle rate” of 1.5% per quarter (6% annualized) of the Company’s total net assets at the end of that quarter (the “Hurdle Amount”); ● 100% of the Company’s “adjusted net investment income” with respect to that portion of such “adjusted net investment income,” if any, that exceeds the Hurdle Amount but is less than or equal to an amount (the “Catch-Up Amount”) determined on a quarterly basis by multiplying 1.6875% by the Company’s total net asset value for the immediately preceding calendar quarter. The Catch-Up Amount is intended to provide the Investment Advisor with an incentive fee of 12.5% on all of the Company’s “adjusted net investment income” when the Company’s “adjusted net investment income” reaches the Catch-Up Amount in any calendar quarter; and ● for any calendar quarter in which the Company’s “adjusted net investment income” exceeds the Catch-Up Amount, the Income Incentive Fee shall equal 12.5% of the amount of the Company’s “adjusted net investment income” for the calendar quarter. | ||
us-gaap |
Investment Company Portfolio Turnover
InvestmentCompanyPortfolioTurnover
|
0.144 | pure | |
cik0001794776 |
Investment Company Portfolio Turnover At Fair Value
InvestmentCompanyPortfolioTurnoverAtFairValue
|
0.144 | pure | |
CY2022 | us-gaap |
Investment Company Portfolio Turnover
InvestmentCompanyPortfolioTurnover
|
0.16 | pure |
CY2022 | cik0001794776 |
Investment Company Portfolio Turnover At Fair Value
InvestmentCompanyPortfolioTurnoverAtFairValue
|
0.163 | pure |
CY2023Q3 | us-gaap |
Investment Owned Percent Of Net Assets
InvestmentOwnedPercentOfNetAssets
|
0.129 | pure |
CY2022Q4 | us-gaap |
Investment Owned Percent Of Net Assets
InvestmentOwnedPercentOfNetAssets
|
0.149 | pure |
CY2023Q3 | us-gaap |
Fair Value Investments Entities That Calculate Net Asset Value Per Share Redemption Restriction Percentage
FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareRedemptionRestrictionPercentage
|
1 | pure |
CY2022Q4 | us-gaap |
Fair Value Investments Entities That Calculate Net Asset Value Per Share Redemption Restriction Percentage
FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareRedemptionRestrictionPercentage
|
1 | pure |
CY2023Q3 | us-gaap |
Investments
Investments
|
1104712587 | usd |
CY2022Q4 | us-gaap |
Investments
Investments
|
1017211732 | usd |
us-gaap |
Subordinated Borrowing Interest Rate
SubordinatedBorrowingInterestRate
|
1.50 | pure | |
CY2022Q4 | us-gaap |
Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
|
1400000 | usd |
CY2022 | us-gaap |
Line Of Credit Facility Increase Accrued Interest
LineOfCreditFacilityIncreaseAccruedInterest
|
584000 | usd |
CY2023Q3 | us-gaap |
Line Of Credit Facility Fair Value Of Amount Outstanding
LineOfCreditFacilityFairValueOfAmountOutstanding
|
150000000 | usd |
us-gaap |
Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
|
2379185 | shares | |
cik0001794776 |
Aggregate Purchase Price
AggregatePurchasePrice
|
39300000 | usd | |
us-gaap |
Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
|
803456 | shares | |
cik0001794776 |
Aggregate Purchase Price
AggregatePurchasePrice
|
15200000 | usd | |
cik0001794776 |
Unfunded Commitments
UnfundedCommitments
|
5600000 | usd | |
CY2022 | cik0001794776 |
Unfunded Commitments
UnfundedCommitments
|
2600000 | usd |
cik0001794776 |
Unfunded Commitments
UnfundedCommitments
|
5567652 | usd | |
CY2022 | cik0001794776 |
Unfunded Commitments
UnfundedCommitments
|
2636943 | usd |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
373908767 | usd |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
25359324 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
22986437 | shares | |
us-gaap |
Investment Company Total Return
InvestmentCompanyTotalReturn
|
0.232 | pure | |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
33853088 | usd |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-6755673 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
85882073 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-75518591 | usd | |
CY2023Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
26016761 | shares |
CY2022Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
23214683 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
25359324 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
22986437 | shares | |
CY2023Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.3 | |
CY2022Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.29 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
3.39 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-3.29 | ||
CY2022Q4 | us-gaap |
Net Asset Value Per Share
NetAssetValuePerShare
|
14.96 | |
CY2021Q4 | us-gaap |
Net Asset Value Per Share
NetAssetValuePerShare
|
20.06 | |
us-gaap |
Investment Company Investment Income Loss Per Share
InvestmentCompanyInvestmentIncomeLossPerShare
|
1.68 | ||
us-gaap |
Investment Company Investment Income Loss Per Share
InvestmentCompanyInvestmentIncomeLossPerShare
|
1.25 | ||
cik0001794776 |
Net Realized And Unrealized Gain Loss On Investments
NetRealizedAndUnrealizedGainLossOnInvestments
|
1.74 | ||
cik0001794776 |
Net Realized And Unrealized Gain Loss On Investments
NetRealizedAndUnrealizedGainLossOnInvestments
|
-4.5 | ||
us-gaap |
Investment Company Investment Income Loss From Operations Per Share
InvestmentCompanyInvestmentIncomeLossFromOperationsPerShare
|
3.42 | ||
us-gaap |
Investment Company Investment Income Loss From Operations Per Share
InvestmentCompanyInvestmentIncomeLossFromOperationsPerShare
|
-3.25 | ||
us-gaap |
Investment Company Distribution To Shareholders Per Share
InvestmentCompanyDistributionToShareholdersPerShare
|
1.62 | ||
us-gaap |
Investment Company Distribution To Shareholders Per Share
InvestmentCompanyDistributionToShareholdersPerShare
|
0.81 | ||
us-gaap |
Investment Company Net Asset Value Per Share Period Increase Decrease
InvestmentCompanyNetAssetValuePerSharePeriodIncreaseDecrease
|
-1.62 | ||
us-gaap |
Investment Company Net Asset Value Per Share Period Increase Decrease
InvestmentCompanyNetAssetValuePerSharePeriodIncreaseDecrease
|
-0.81 | ||
CY2023Q3 | us-gaap |
Net Asset Value Per Share
NetAssetValuePerShare
|
16.76 | |
CY2022Q3 | us-gaap |
Net Asset Value Per Share
NetAssetValuePerShare
|
16 | |
CY2023Q3 | us-gaap |
Shares Outstanding
SharesOutstanding
|
26665813 | shares |
CY2022Q3 | us-gaap |
Shares Outstanding
SharesOutstanding
|
23373787 | shares |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
446859594 | usd |
us-gaap |
Investment Company Total Return
InvestmentCompanyTotalReturn
|
-0.1669 | pure | |
cik0001794776 |
Portfolio Turnover
PortfolioTurnover
|
0.19 | pure | |
cik0001794776 |
Portfolio Turnover
PortfolioTurnover
|
0.21 | pure | |
us-gaap |
Investment Company Expense Ratio Voluntary Fee Waiver
InvestmentCompanyExpenseRatioVoluntaryFeeWaiver
|
0.1318 | pure | |
us-gaap |
Investment Company Expense Ratio Voluntary Fee Waiver
InvestmentCompanyExpenseRatioVoluntaryFeeWaiver
|
0.0708 | pure | |
us-gaap |
Investment Company Expense Ratio Including Voluntary Fee Waiver
InvestmentCompanyExpenseRatioIncludingVoluntaryFeeWaiver
|
0.1293 | pure | |
us-gaap |
Investment Company Expense Ratio Including Voluntary Fee Waiver
InvestmentCompanyExpenseRatioIncludingVoluntaryFeeWaiver
|
0.0683 | pure | |
us-gaap |
Investment Company Investment Income Loss Ratio Before Incentive Allocation
InvestmentCompanyInvestmentIncomeLossRatioBeforeIncentiveAllocation
|
0.1359 | pure | |
us-gaap |
Investment Company Investment Income Loss Ratio Before Incentive Allocation
InvestmentCompanyInvestmentIncomeLossRatioBeforeIncentiveAllocation
|
0.0863 | pure | |
us-gaap |
Investment Company Investment Income Loss Ratio After Incentive Allocation
InvestmentCompanyInvestmentIncomeLossRatioAfterIncentiveAllocation
|
0.1384 | pure | |
us-gaap |
Investment Company Investment Income Loss Ratio After Incentive Allocation
InvestmentCompanyInvestmentIncomeLossRatioAfterIncentiveAllocation
|
0.0888 | pure | |
CY2023Q3 | us-gaap |
Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
|
0.57 | |
us-gaap |
Discontinued Operation Income Loss From Discontinued Operation Net Of Tax Per Diluted Share
DiscontinuedOperationIncomeLossFromDiscontinuedOperationNetOfTaxPerDilutedShare
|
1.25 | ||
CY2022Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
23214683 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
25359324 | shares | |
CY2023Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
26016761 | shares |
CY2022Q3 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
usd | |
cik0001794776 |
Increasedecrease In Directors Fee Payable
IncreasedecreaseInDirectorsFeePayable
|
usd | ||
cik0001794776 |
Distributions Payable
DistributionsPayable
|
usd | ||
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
22986437 | shares | |
CY2022Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
23214683 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
25359324 | shares | |
CY2023Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
26016761 | shares |
CY2022Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.29 | |
CY2023Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.30 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-3.29 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
3.39 | ||
us-gaap |
Investment Company Gain Loss On Investment Per Share
InvestmentCompanyGainLossOnInvestmentPerShare
|
|||
us-gaap |
Investment Company Gain Loss On Investment Per Share
InvestmentCompanyGainLossOnInvestmentPerShare
|
|||
cik0001794776 |
Return Of Capital
ReturnOfCapital
|
|||
cik0001794776 |
Return Of Capital
ReturnOfCapital
|
|||
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001794776 |