The Gabelli Global Utility & Income Trust (GLU) Balance Sheet
GLU balance sheet, 2025
December 31, 2025 · U.S. dollars$135.2M assets = $291,784 liabilities + $134.9M equity
Both columns are drawn to the same scale: what GLU owns equals what it owes plus shareholders’ equity. Hover a block for its value.
GLU financial health
Current ratio1.89
Comfortable · current assets cover current liabilities 1.89×
Equity / assets99.8%
Equity-funded · of assets funded by shareholders
Goodwill & intangibles0.0%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal 2025.
GLU balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $133.1M2016 | $135.2M2025 | +0.2%/yr | |
| Total liabilities | $269,0462016 | $291,7842025 | +0.9%/yr | |
| Shareholders’ equity | $132.8M2016 | $134.9M2025 | +0.2%/yr | |
| Cash & short-term investments | $47,4512016 | $66,7762025 | +3.9%/yr | |
| Total debt | $02016 | $3.3M2024 | — | |
| Net cash (debt) | $47,4512016 | −$3.2M2024 | −$3.3M | |
| Working capital | $3.9M2016 | $255,2172025 | −$3.6M | |
| Book value per share | $31.832016 | $22.552025 | −3.8%/yr | |
| Current ratio | 16.912016 | 1.892025 | −15.02 | |
| Debt / equity | 0.002016 | 0.032024 | +0.03 | |
| Shares outstanding | 4.2M2016 | 6.0M2025 | +4.1%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
GLU assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
GLU liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
GLU debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
GLU balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $66,776 | $10,249 | $8,863 | $100,178 | $6,669 | $7,336 | $55,338 | $4,941 | $1,780 | $47,451 |
| Cash & equivalents | $66,776 | $10,249 | $8,863 | $100,178 | $6,669 | $7,336 | $55,338 | $4,941 | $1,780 | $47,451 |
| Short-term investments | — | — | — | — | — | — | −$500,000 | $0 | $0 | $0 |
| Receivables | $473,684 | $1.1M | $696,833 | $553,663 | $475,671 | $369,144 | $4.0M | $1.4M | $387,411 | $4.0M |
| Inventory | $0 | $0 | $0 | $653,841 | $0 | $376,480 | $4.0M | $0 | $0 | $0 |
| Other current assets | $0 | $5,145 | $880 | $0 | $345 | $0 | $0 | $815 | $19,366 | $24 |
| Total current assets | $540,460 | $1.1M | $706,576 | $656,032 | $482,685 | $381,767 | $4.0M | $1.4M | $408,557 | $4.1M |
| Property, plant & equipment (net) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $134.5M | $116.9M | $126.5M | $155.8M | $174.8M | $169.3M | $172.5M | $168.4M | $143.4M | $129.0M |
| Other non-current assets | $101,354 | $136,728 | $84,530 | $77,499 | $76,489 | $52,851 | $19,426 | $59,449 | $0 | $4,515 |
| Total assets | $135.2M | $118.1M | $127.3M | $156.6M | $175.4M | $169.7M | $176.6M | $169.9M | $143.8M | $133.1M |
| Liabilities | ||||||||||
| Accounts payable | $18,839 | $18,720 | $27,419 | $96,801 | $128,442 | $136,141 | $2.0M | $3.5M | $20,810 | $27,077 |
| Short-term debt | — | $3.3M | $6,550 | $26,499 | $47,423 | $0 | $0 | $0 | $134 | $0 |
| Deferred revenue | — | — | $1,824 | −$26,499 | −$47,423 | — | — | — | $47,753 | — |
| Total current liabilities | $285,243 | $3.5M | $239,973 | $395,990 | $456,733 | $437,981 | $2.3M | $3.8M | $232,849 | $241,969 |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Other long-term liabilities | $291,784 | $29.7M | $8,289 | $403,520 | $47,423 | $473,830 | $2.3M | $4.0M | $259,792 | $269,046 |
| Total liabilities | $291,784 | $3.6M | $248,262 | $430,019 | $538,516 | $473,830 | $2.3M | $3.8M | $232,849 | $269,046 |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $59.4M | $63.9M | $70.0M | $75.8M | $69.8M | $73.7M | $80.5M | $82.6M | $61.3M | $61.3M |
| Retained earnings (deficit) | $50.7M | $24.5M | $18.8M | $19.1M | $43.1M | $30.9M | $29.2M | $18.0M | $31.0M | $9,409 |
| Treasury stock | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Accumulated other comprehensive income | — | — | −$70.0M | $0 | −$69.8M | $0 | $29.2M | $18.0M | $0 | $20.3M |
| Minority interest | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Total shareholders' equity | $134.9M | $114.6M | $127.0M | $156.1M | $174.9M | $169.2M | $174.3M | $166.0M | $143.6M | $132.8M |
| Key figures | ||||||||||
| Total debt | — | $3.3M | $14,839 | $26,499 | $47,423 | $0 | $0 | $0 | $134 | $0 |
| Net cash (debt) | — | −$3.2M | −$5,976 | $73,679 | −$40,754 | $7,336 | $55,338 | $4,941 | $1,646 | $47,451 |
| Working capital | $255,217 | −$2.5M | $466,603 | $260,042 | $25,952 | −$56,214 | $1.8M | −$2.4M | $175,708 | $3.9M |
| Tangible book value | $134.9M | $114.6M | $127.0M | $156.1M | $174.9M | $169.2M | $174.3M | $166.0M | $143.6M | $132.8M |
| Book value per share | $22.55 | $19.18 | $21.28 | $28.32 | $32.04 | $31.03 | $31.98 | $36.33 | $34.40 | $31.83 |
| Shares outstanding | 6.0M | 6.0M | 6.0M | 5.5M | 5.5M | 5.5M | 5.5M | 4.6M | 4.2M | 4.2M |
| Current ratio | 1.89 | 0.30 | 2.94 | 1.66 | 1.06 | 0.87 | 1.79 | 0.38 | 1.75 | 16.91 |
| Quick ratio | 1.89 | 0.30 | 2.94 | 1.65 | 1.06 | 0.86 | 1.79 | 0.38 | 1.67 | 16.91 |
| Debt / equity | — | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Equity / assets | 99.8% | 97.0% | 99.8% | 99.7% | 99.7% | 99.7% | 98.7% | 97.7% | 99.8% | 99.8% |
| Jun '26 | Dec '25 | Jun '25 | Dec '24 | Jun '24 | Dec '23 | Jun '23 | Mar '23 | Dec '22 | Sep '22 | Jun '22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & short-term investments | $9,269 | $66,776 | $9,757 | $10,249 | $14,095 | $8,863 | $92,626 | $92,626 | $100,178 | $100,178 | $254,052 |
| Cash & equivalents | $9,269 | $66,776 | $9,757 | $10,249 | $14,095 | $8,863 | $92,626 | $92,626 | $100,178 | $100,178 | $254,052 |
| Receivables | $740,410 | $473,684 | $559,281 | $1.1M | $1.4M | $696,833 | $585,030 | $585,030 | $553,663 | $553,663 | $10.2M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $653,841 | $0 | $10.5M |
| Other current assets | $0 | $0 | $30,939 | $5,145 | $1,771 | $880 | $984 | $984 | $0 | $2,191 | $0 |
| Total current assets | $749,679 | $540,460 | $599,977 | $1.1M | $1.5M | $706,576 | $678,640 | $678,640 | $656,032 | $656,032 | $10.5M |
| Property, plant & equipment (net) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $134.5M | $129.3M | $116.9M | $119.4M | $126.5M | $154.0M | $0 | $155.8M | $0 | $151.9M |
| Other non-current assets | $145.1M | $101,354 | $52,199 | $136,728 | $84,530 | $84,530 | $84,530 | $154.1M | $77,499 | $155.9M | $0 |
| Total assets | $145.8M | $135.2M | $129.9M | $118.1M | $120.9M | $127.3M | $154.7M | $154.7M | $156.6M | $156.6M | $162.2M |
| Liabilities | |||||||||||
| Accounts payable | $253,672 | $18,839 | $14,836 | $18,720 | $60,212 | $27,419 | $34,016 | — | $96,801 | $96,801 | $121,280 |
| Short-term debt | $3,245 | — | — | $3.3M | $491,671 | $6,550 | $14,855 | — | $26,499 | — | $0 |
| Deferred revenue | — | — | — | — | — | $1,824 | $19,161 | — | −$26,499 | — | — |
| Total current liabilities | $3,245 | $285,243 | $234,625 | $3.5M | $246,352 | $239,973 | $239,416 | $239,416 | $395,990 | $395,990 | $609,317 |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $435,612 | $291,784 | $12,879 | $29.7M | $491,671 | $8,289 | $258,577 | $0 | $403,520 | $0 | $643,518 |
| Total liabilities | $438,857 | $291,784 | $247,504 | $3.6M | $738,023 | $248,262 | $273,432 | $239,416 | $430,019 | $395,990 | $643,518 |
| Shareholders' equity | |||||||||||
| Common stock & paid-in capital | $59.5M | $59.4M | $62.7M | $63.9M | $67.0M | $70.0M | $73.0M | $73.0M | $75.8M | $75.8M | $79.0M |
| Retained earnings (deficit) | $61.2M | $50.7M | $41.1M | $24.5M | $21.0M | $18.8M | $20.2M | $20.2M | $19.1M | $19.1M | $20.9M |
| Accumulated other comprehensive income | — | — | — | — | — | −$70.0M | $0 | — | $0 | — | $0 |
| Total shareholders' equity | $145.4M | $134.9M | $129.7M | $114.6M | $120.2M | $127.0M | $154.5M | $154.5M | $156.1M | $156.2M | $161.5M |
| Key figures | |||||||||||
| Total debt | $3,245 | — | $12,879 | $3.3M | $491,671 | $14,839 | $14,855 | — | $26,499 | — | $0 |
| Net cash (debt) | $6,024 | — | −$3,122 | −$3.2M | −$477,576 | −$5,976 | $77,771 | — | $73,679 | — | $254,052 |
| Working capital | $746,434 | $255,217 | $365,352 | −$2.5M | $1.2M | $466,603 | $439,224 | $439,224 | $260,042 | $260,042 | $9.9M |
| Tangible book value | $145.4M | $134.9M | $129.7M | $114.6M | $120.2M | $127.0M | $154.5M | $154.5M | $156.1M | $156.2M | $161.5M |
| Book value per share | $24.27 | $22.53 | $21.67 | $19.18 | $20.13 | $21.28 | $25.88 | $25.88 | $13.08 | $26.16 | $13.53 |
| Shares outstanding | 6.0M | 6.0M | 6.0M | 6.0M | 6.0M | 6.0M | 6.0M | 6.0M | 11.9M | 6.0M | 11.9M |
| Current ratio | 231.03 | 1.89 | 2.56 | 0.30 | 5.94 | 2.94 | 2.83 | 2.83 | 1.66 | 1.66 | 17.20 |
| Quick ratio | 231.03 | 1.89 | 2.43 | 0.30 | 5.93 | 2.94 | 2.83 | 2.83 | 1.65 | 1.65 | 17.19 |
| Debt / equity | 0.00 | — | 0.00 | 0.03 | 0.00 | 0.00 | 0.00 | — | 0.00 | — | 0.00 |
| Equity / assets | 99.7% | 99.8% | 99.8% | 97.0% | 99.4% | 99.8% | 99.8% | 99.8% | 99.7% | 99.7% | 99.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed December 31, 2025); data from EODHD.
GLU financial position
At the end of fiscal 2025 (December 31, 2025), Gabelli Global Utility & Income had total assets of $135.2 million (up 14.4% from a year earlier), total liabilities of $0.3 million and shareholders' equity of $134.9 million. Its current ratio was 1.89. In the latest quarter (ended June 30, 2026) total assets were $145.8 million and equity $145.4 million.
Related: GLU income statement, GLU cash flow statement, GLU key metrics. See the GLU stock overview for the latest quote and news.
GLU balance sheet FAQ
What are Gabelli Global Utility & Income's total assets?
Gabelli Global Utility & Income reported total assets of $135.2 million at the end of fiscal 2025 (December 31, 2025), compared with $118.1 million a year earlier.
How much cash does Gabelli Global Utility & Income have?
Gabelli Global Utility & Income held $0.1 million in cash and short-term investments at the end of fiscal 2025.
What is Gabelli Global Utility & Income's book value?
Gabelli Global Utility & Income's shareholders' equity (book value) was $134.9 million at the end of fiscal 2025, or $22.55 per share.
What is Gabelli Global Utility & Income's current ratio?
Gabelli Global Utility & Income had current assets of $0.5 million and current liabilities of $0.3 million, a current ratio of 1.89 (it can cover its short-term obligations).