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BlackRock TCP CapitalTCPC -0.74%28 Cash-to-Debt is 0.17 as of Jun. 2026, which is 113% above its 10-year median of 0.08. GuruFocus rates TCPC with a GF Score™ of 28/100. Among 1,437 Asset Management companies, BlackRock TCP Capital ranks worse than 78.22% 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. BlackRock TCP Capital's cash to debt ratio for the quarter that ended in Jun. 2026 was 0.17.
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, BlackRock TCP Capitalcouldn'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 BlackRock TCP Capital's Cash-to-Debt or its related term are showing as below:
TCPC'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.08 Max: 0.22
Current: 0.17
During the past 13 years, BlackRock TCP Capital's highest Cash to Debt Ratio was 0.22. The lowest was 0.01. And the median was 0.08.
TCPC's Cash-to-Debt is ranked worse than 78.22% of 1437
companies
in the Asset Management industry
Industry Median: 5.63
vs TCPC: 0.17
BlackRock TCP Capital (NAS:TCPC) Cash-to-Debt Explanation
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.
BlackRock TCP Capital Cash-to-Debt Related Terms
BlackRock TCP Capital Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for BlackRock TCP Capital's Cash-to-Debt can be seen below:
* 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, BlackRock TCP Capital'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.
BlackRock TCP Capital Cash-to-Debt vs Asset Management Industry
For the Asset Management industry and Financial Services sector, BlackRock TCP Capital's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where BlackRock TCP Capital'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.
BlackRock TCP Capital (TCPC) has a Cash-to-Debt of 0.17 as of Jun. 2026. This is 113% above median its historical median of 0.08. Over the past decade, BlackRock TCP Capital's Cash-to-Debt has ranged from 0.01 to 0.22. According to the industry distribution chart, BlackRock TCP Capital ranks #1124 out of 1437 companies in the Asset Management industry, placing it in the top 78.2%.
Is BlackRock TCP Capital's Cash-to-Debt too high?
BlackRock TCP Capital's current Cash-to-Debt of 0.17 is 113% above median its 10-year median of 0.08. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 0.22. The Asset Management industry median Cash-to-Debt is 5.63. BlackRock TCP Capital's value of 0.17 is 97% below this industry median. Based on the distribution chart, BlackRock TCP Capital ranks #1124 out of 1437 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, BlackRock TCP Capital has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.
How does BlackRock TCP Capital's Cash-to-Debt compare to EOT and XFLT?
According to the Asset Management industry distribution chart, BlackRock TCP Capital ranks #1124 out of 1437 companies for Cash-to-Debt. This places BlackRock TCP Capital in the lower half of its industry. The industry median Cash-to-Debt is 5.63. BlackRock TCP Capital's value of 0.17 is 97% below this benchmark. Historically, BlackRock TCP Capital's own Cash-to-Debt has ranged from 0.01 to 0.22 over the past decade. While the company's 10-year median is 0.08 vs. the industry median of 5.63, BlackRock TCP Capital 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 5.63, based on 1,437 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. BlackRock TCP Capital's current Cash-to-Debt of 0.17 is 97% 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 5.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BlackRock TCP Capital's current Cash-to-Debt is 0.17, which is 113% above median its own 10-year median of 0.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BlackRock TCP Capital stock overvalued right now?
BlackRock TCP Capital (TCPC) has a current Cash-to-Debt of 0.17. The current Cash-to-Debt is 0.17, which is 113% above median its 10-year median of 0.08 and 97% below the Asset Management industry median of 5.63. BlackRock TCP Capital's overall GF Score™ is 28/100. 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 BlackRock TCP Capital (TCPC), the current Cash-to-Debt is 0.17 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.
BlackRock TCP Capital Corp is an externally-managed specialty finance company focused on middle-market lending. Its investment objective is to achieve high total returns through current income and capital appreciation, with an emphasis on principal protection. It seeks to achieve its investment objective through investments in debt securities of middle-market companies. The group generates returns through a combination of the receipt of contractual interest payments on debt investments and origination and similar fees, and, to a lesser extent, equity appreciation through options, warrants, conversion rights, or direct equity investments.
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