FSSL (FS Specialty Lending Fund) Change In Receivables: $-3.8 Mil (TTM As of Dec. 2025)

What is FS Specialty Lending Fund Change In Receivables?

FS Specialty Lending Fund FSSL +0.09% 13 Change In Receivables is $-3.8 Mil as of Dec. 2025. GuruFocus rates FSSL with a GF Score™ of 13/100. The stock has 2 warning signs investors should review.

FS Specialty Lending Fund's change in receivables for the quarter that ended in Dec. 2025 was $0.0 Mil. It means FS Specialty Lending Fund's Accounts Receivable stayed the same from Jun. 2025 to Dec. 2025 .

FS Specialty Lending Fund's change in receivables for the fiscal year that ended in Dec. 2025 was $13.9 Mil. It means FS Specialty Lending Fund's Accounts Receivable declined by $13.9 Mil from Dec. 2024 to Dec. 2025 .

FS Specialty Lending Fund's Accounts Receivable for the quarter that ended in Dec. 2025 was $0.0 Mil.

Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. FS Specialty Lending Fund's liquidation value for the three months ended in Dec. 2025 was $-402.8 Mil.

FS Specialty Lending Fund (NYSE:FSSL) Change In Receivables Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

FS Specialty Lending Fund's Days Sales Outstanding for the quarter that ended in Dec. 2025 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0	/	0	*	91
=

2. In Ben Graham's calculation of liquidation value, FS Specialty Lending Fund's accounts receivable are only considered to be worth 75% of book value:

FS Specialty Lending Fund's liquidation value for the quarter that ended in Dec. 2025 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	148.069	-	550.832	+	0.75 * 0	+	0.5 * 0
=	-402.8

* 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.

FS Specialty Lending Fund Change In Receivables Related Terms

FS Specialty Lending Fund Change In Receivables Historical Data

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The historical data trend for FS Specialty Lending Fund's Change In Receivables can be seen below:

FS Specialty Lending Fund Change In Receivables Chart

FS Specialty Lending Fund Annual Data

Trend

Dec16

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Dec25

Change In Receivables

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3.18

1.30

-13.43

-6.03

13.92

FS Specialty Lending Fund Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Dec25
Change In Receivables	Get a 7-Day Free Trial															16.52	-29.57	32.31	-23.03	0.00

13GF Score

FS Specialty Lending Fund FSSL

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FS Specialty Lending Fund Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.8 Mil.

Frequently Asked Questions Learn more about Change In Receivables →

What does a Change In Receivables of $-3.8 Mil mean?

FS Specialty Lending Fund (FSSL) has a Change In Receivables of $-3.8 Mil as of Dec. 2025. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for FS Specialty Lending Fund and its competitors.

Is FS Specialty Lending Fund's Change In Receivables too high?

FS Specialty Lending Fund's current Change In Receivables is $-3.8 Mil. Overall, FS Specialty Lending Fund has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.

How does FS Specialty Lending Fund's Change In Receivables compare to MFIC and AWF?

FS Specialty Lending Fund's Change In Receivables of $-3.8 Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Change In Receivables for an Asset Management company?

A good Change In Receivables depends on the Asset Management industry context. However, Change In Receivables should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Change In Receivables mean?

A high Change In Receivables can signal that a stock is expensive relative to its fundamentals. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for FS Specialty Lending Fund and its competitors. FS Specialty Lending Fund's current Change In Receivables is $-3.8 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is FS Specialty Lending Fund stock overvalued right now?

FS Specialty Lending Fund (FSSL) has a current Change In Receivables of $-3.8 Mil. The current Change In Receivables is $-3.8 Mil. FS Specialty Lending Fund's overall GF Score™ is 13/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Change In Receivables calculated?

Change In Receivables is calculated from a company's financial statements. For FS Specialty Lending Fund (FSSL), the current Change In Receivables is $-3.8 Mil as of Dec. 2025. 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.

FS Specialty Lending Fund Business Description

Industry Financial Services Asset Management

Comparable Companies MFIC AWF RPC BBDC HTD BMEZ PCN BCX AIO NRK BLK BX OSTO:INVE A TSX:BN KKR TSX:BAM APO STT OSTO:EQT AMP

Address 3025 JFK Boulevard, OFC 500, Philadelphia, PA, USA, 19104

Website https://www.fsinvestments.com

FS Specialty Lending Fund is a United States-based externally managed, non-diversified, closed-end management investment company. The company's investment objectives are to generate current income and, to a lesser extent, long-term capital appreciation by investing mainly in private and public credit in a broad set of industries, sectors, and sub-sectors. Its investment policy is to invest mainly in a portfolio of secured and unsecured floating and fixed-rate loans, bonds, and other types of credit instruments, which, under normal circumstances, will represent at least eighty percent of the Company's total assets.

13GF Score

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