Company Information

  

Address: 1290 AVENUE OF THE AMERICAS
SUITE 914 
City: NEW YORK 
State: NY 
Zip Code: 10014 
Telephone: 212 372 9500 

Description of Business

Primary SIC Code:
(As filed with the SEC)  

We are an externally managed, non-diversified, closed-end management investment company that has elected to be treated as a business development company under the Investment Company Act of 1940, as amended, or the 1940 Act. In addition, for tax purposes we have elected to be treated as a regulated investment company, or RIC, under Subchapter M of the Internal Revenue Code of 1986, as amended, or the Code, and intend to qualify annually for such treatment. Our shares are currently listed on The Nasdaq Global Select Market under the symbol "GARS". We are organized as a holding company and conduct our business primarily through our various subsidiaries. We comply with the provisions of the 1940 Act, including those governing investment policies, capital structure, leverage, affiliated transactions and the custody of assets, on a consolidated basis with our subsidiaries, including the 2016-2 CLO.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
06/20180.810.28010.04
12/20170.390.28020.79
09/20150.730.35018.75
06/20152.180.3506.88
12/20141.820.3507.93
09/20141.880.3507.70
06/20141.990.3507.69
03/20141.880.3507.52

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2017 Leverage 2017
Net Inc/Comm Equity0.02Total Liab/Total Assets0.56
Net Inc/Total Assets0.01Total Liab/Inv Cap0.99
Net Inc/Inv Cap0.03Total Liab/Comm Equity0.95
Pretax Inc/Net Sales0.22Interest Coverage Ratio1.71
Net Inc/Net Sales0.22Curr Debt/Equity0.98
Cash Flow/Net Sales-0.45LTD/Equity0.26
SG&A/NetSales0.39Total Debt/Equity1.24
Asset Utilization   Liquidity  
Net Receivables Turnover3.97Quick RatioNA
Inventory TurnoverNACurrent RatioNA
Inventory Day SalesNANet Rec/Curr AssetsNA
Net Sales/Work CapNAInv/Curr AssetsNA
Net Sales/PP&ENA  

Income Statement (Millions)

  6/30/2018 3/31/2018 12/31/2017 9/30/2017
Total Revenues(Net Sales) 6.94 7.67 7.37 6.68
Cost of Goods Sold NA NA NA NA
Selling & Admin Exps 2.55 2.75 3.10 2.50
Operating Income 4.39 4.91 4.27 4.19
Interest Exp 2.75 2.55 2.32 2.22
Pretax Income 2.85 2.03 3.72 4.42
Other Income -1.54 -2.89 -0.55 0.24
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 2.85 2.03 3.72 4.42

Balance Sheet (Millions)

Assets 6/30/2018 3/31/2018 12/31/2017 9/30/2017
Cash & Short Term Investments 33.84 20.57 19.52 29.27
Receivables - Total 3.23 4.02 8.56 2.83
Inventories - Total NA NA NA NA
Total Current Assets NA NA NA NA
Net Property, Plant & Equipment NA NA NA NA
Total Assets 444.18 422.76 424.20 392.75
Liabilities        
Accounts Payable 23.77 3.10 4.01 3.12
Debt in Current Liabilities 178.62 176.26 184.21 164.46
Total Current Liabilities NA NA NA NA
Long-Term Debt 58.25 58.21 48.32 36.73
Total Liabilities 260.64 237.57 236.54 204.31
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock NA NA NA NA
Common Stock 0.02 0.02 0.02 0.02
Retained Earnings 4.62 4.73 4.31 4.64
Treasury Stock NA NA NA NA
Total Stockholders' Equity 183.54 185.19 187.66 188.44
Total Liabilities and Stockholders' Equity 444.18 422.76 424.20 392.75

Cash Flow Summary (Millions)

Categories 6/30/2018 3/31/2018 12/31/2017 9/30/2017
Net Cash Provided by Operating Activities 15.47 3.60 -34.50 -2.81
Net Cash Provided by Investing Activities NA NA NA NA
Net Cash Provided by Financing Activities -2.19 -2.54 26.74 -5.46

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/201327.2323.501.55
12/201443.3030.481.82
12/201543.89-3.66--
12/201633.09-4.81--
12/201727.826.230.39
Growth Rates0.53----

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional06/30/18364,10225.56




Report Date : 9/24/2018

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