Palmer Square Capital BDC Inc. announced its financial results for the fourth quarter ended December 31, 2024. The company reported Net Investment Income per share of $0.45, a decrease from $0.48 in the previous quarter. Net Investment Income totaled $14.796 million for the quarter.
The Net Asset Value (NAV) per share was $16.50 as of December 31, 2024, a decline from $16.61 at the end of the third quarter. Investments on non-accrual status improved, decreasing to 0.08% from 0.26% in the prior quarter, indicating an improvement in credit quality.
The company's debt-to-equity ratio also saw a slight decrease to 1.50x from 1.52x in the previous quarter. PIK income as a percentage of total investment income was approximately 1.96% in Q4 2024, remaining on the lower end of the industry spectrum.
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