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Oaktree Specialty LendingOCSL -0.31%55 Cash-to-Debt is 0.03 as of Jun. 2026, which is 40% below its 10-year median of 0.05. GuruFocus rates OCSL with a GF Score™ of 55/100 and a GF Value™ of $12.21 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,412 Asset Management companies, Oaktree Specialty Lending ranks worse than 91.64% on this metric.
Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Oaktree Specialty Lending's cash to debt ratio for the quarter that ended in Jun. 2026 was 0.03.
If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Oaktree Specialty Lendingcouldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2026.
The historical rank and industry rank for Oaktree Specialty Lending's Cash-to-Debt or its related term are showing as below:
OCSL'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.05 Max: 0.17
Current: 0.03
During the past 13 years, Oaktree Specialty Lending's highest Cash to Debt Ratio was 0.17. The lowest was 0.01. And the median was 0.05.
OCSL's Cash-to-Debt is ranked worse than 91.64% of 1412
companies
in the Asset Management industry
Industry Median: 5.545
vs OCSL: 0.03
If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.
Oaktree Specialty Lending Cash-to-Debt Related Terms
Oaktree Specialty Lending Cash-to-Debt Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
For the Asset Management subindustry, Oaktree Specialty Lending's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Oaktree Specialty Lending Cash-to-Debt vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Oaktree Specialty Lending's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Oaktree Specialty Lending's Cash-to-Debt falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Oaktree Specialty Lending (OCSL) has a Cash-to-Debt of 0.03 as of Jun. 2026. This is 40% below median its historical median of 0.05. Over the past decade, Oaktree Specialty Lending's Cash-to-Debt has ranged from 0.01 to 0.17. According to the industry distribution chart, Oaktree Specialty Lending ranks #1294 out of 1412 companies in the Asset Management industry, placing it in the top 91.6%.
Is Oaktree Specialty Lending's Cash-to-Debt too high?
Oaktree Specialty Lending's current Cash-to-Debt of 0.03 is 40% below median its 10-year median of 0.05. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 0.17. The Asset Management industry median Cash-to-Debt is 5.55. Oaktree Specialty Lending's value of 0.03 is 99.5% below this industry median. Based on the distribution chart, Oaktree Specialty Lending ranks #1294 out of 1412 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Oaktree Specialty Lending has a GF Score™ of 55/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Oaktree Specialty Lending's Cash-to-Debt compare to GSBD and FRBP?
According to the Asset Management industry distribution chart, Oaktree Specialty Lending ranks #1294 out of 1412 companies for Cash-to-Debt. This places Oaktree Specialty Lending in the lower half of its industry. The industry median Cash-to-Debt is 5.55. Oaktree Specialty Lending's value of 0.03 is 99.5% below this benchmark. Historically, Oaktree Specialty Lending's own Cash-to-Debt has ranged from 0.01 to 0.17 over the past decade. While the company's 10-year median is 0.05 vs. the industry median of 5.55, Oaktree Specialty Lending has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for an Asset Management company?
The median Cash-to-Debt among Asset Management companies is 5.55, based on 1,412 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Oaktree Specialty Lending's current Cash-to-Debt of 0.03 is 99.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Asset Management industry, the median Cash-to-Debt is 5.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Oaktree Specialty Lending's current Cash-to-Debt is 0.03, which is 40% below median its own 10-year median of 0.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oaktree Specialty Lending stock overvalued right now?
Based on GuruFocus' analysis, Oaktree Specialty Lending (OCSL) is currently considered Fairly Valued. The stock's GF Value™ is $12.21, compared to a current price of $12.72 — trading 4.2% above its estimated fair value. The current Cash-to-Debt is 0.03, which is 40% below median its 10-year median of 0.05 and 99.5% below the Asset Management industry median of 5.55. Oaktree Specialty Lending's overall GF Score™ is 55/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For Oaktree Specialty Lending (OCSL), the current Cash-to-Debt is 0.03 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Oaktree Specialty Lending (OCSL) Overvalued in 2026?
Based on GuruFocus' analysis, Oaktree Specialty Lending stock appears to be overvalued.
The current stock price of $12.72 is trading 4.2% above its estimated GF Value™ of $12.21.
GuruFocus considers Oaktree Specialty Lending to be Fairly Valued.
Key valuation signals for OCSL:
Cash-to-Debt: 0.03 (40% below median its 10-year median of 0.05)
GF Value™: $12.21 vs. price of $12.72 (4.2% above fair value)
Industry Position: 99.5% below the Asset Management median (#1294 of 1412)
No single metric tells the full story. See the OCSL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Oaktree Specialty Lending Corp is a specialty finance company. The company provides lending services and invests in small and mid-sized companies. The company's investment objective is to maximize its portfolio's total return by generating current income from debt investments, and to a lesser extent, capital appreciation from equity investments. The company provides customized, one-stop credit solutions to companies with limited access to public or syndicated capital markets. The company operates as a single reportable segment and derives revenues from investing in originated loans and other securities, including broadly syndicated loans, of U.S. private companies and manages the business on a consolidated basis.
55GF Score
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