In this Letter we regard nonlinear gravity-capillary waves with parameter of nonlinearity being $varepsilon sim 0.1 div 0.25$. For this nonlinearity time scale separation does not occur and kinetic wave equation does not hold. An energy cascade in this case is built at the dynamic time scale (D-cascade) and is computed by the increment chain equation method first introduced in emph{Kartashova, emph{EPL} textbf{97} (2012), 30004.} We compute for the first time an analytical expression for the energy spectrum of nonlinear gravity-capillary waves as an explicit function depending on the ratio of surface tension to the gravity acceleration. It is shown that its two limits - pure capillary and pure gravity waves on a fluid surface - coincide with the previously obtained results. We also discuss relations of the model of D-cascade with a few known models used in the theory of nonlinear waves such as Zakharovs equation, resonance of the modes with nonlinear Stokes corrected frequencies and Benjamin-Feir index. These connections are crucial in the understanding and forecasting specifics of the energy transport in a variety of multi-component wave dynamics, from oceanography to optics, from plasma physics to acoustics.
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