Sixth Street Specialty Lending (Sixth Street Specialty Lending) Debt-to-Equity : 1.14 (As of Mar. 2024)

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What is Sixth Street Specialty Lending Debt-to-Equity?

Sixth Street Specialty Lending's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.0 Mil. Sixth Street Specialty Lending's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $1,804.3 Mil. Sixth Street Specialty Lending's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $1,582.0 Mil. Sixth Street Specialty Lending's debt to equity for the quarter that ended in Mar. 2024 was 1.14.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Sixth Street Specialty Lending's Debt-to-Equity or its related term are showing as below:

TSLX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.35 Med: 0.81 Max: 1.19
Current: 1.14

During the past 13 years, the highest Debt-to-Equity Ratio of Sixth Street Specialty Lending was 1.19. The lowest was 0.35. And the median was 0.81.

TSLX's Debt-to-Equity is ranked worse than
88.59% of 1017 companies
in the Asset Management industry
Industry Median: 0.19 vs TSLX: 1.14

Sixth Street Specialty Lending Debt-to-Equity Historical Data

The historical data trend for Sixth Street Specialty Lending's Debt-to-Equity 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.

* Premium members only.

Sixth Street Specialty Lending Debt-to-Equity Chart

Sixth Street Specialty Lending Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.98

0.96

0.93

1.08

1.19

Sixth Street Specialty Lending Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															1.15	1.11	1.09	1.19	1.14

Competitive Comparison of Sixth Street Specialty Lending's Debt-to-Equity

For the Asset Management subindustry, Sixth Street Specialty Lending's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.

Sixth Street Specialty Lending's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Sixth Street Specialty Lending's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Sixth Street Specialty Lending's Debt-to-Equity falls into.

Sixth Street Specialty Lending Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sixth Street Specialty Lending's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	1780.307)	/	1496.375
	=	1.19

Sixth Street Specialty Lending's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	1804.347)	/	1582.006
	=	1.14

Sixth Street Specialty Lending (NYSE:TSLX) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Sixth Street Specialty Lending Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Sixth Street Specialty Lending's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Sixth Street Specialty Lending (Sixth Street Specialty Lending) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Sixth Street Specialty Lending Inc (NYSE:TSLX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

1T6:Germany

Address

2100 McKinney Avenue, Suite 1500, Dallas, TX, USA, 75201

Website

https://www.sixthstreetspecialtylending.com

Sixth Street Specialty Lending Inc is a specialty finance company focused on providing flexible, fully committed financing solutions to middle market companies located in the united states of america. It partners with companies across a variety of industries and excel at providing creative solutions to companies with complex business models that may have limited access to capital. The company seeks to generate income in U.S.-domiciled middle-market companies through direct originations of interest income from the investments we hold. In addition, we may generate income from dividends on equity investments, capital gains on the sale of investments and various loan origination and other fees.

Executives

P Emery Covington	director	2100 MCKINNEY AVENUE, SUITE 1500, DALLAS TX 75201
Hurley Doddy	director	301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Michael Graf	officer: Principal Accounting Officer	301 COMMERCE STREET, FORT WORTH TX 76102
Anton Brett	officer: Chief Compliance Officer	C/O SIXTH STREET PARTNERS, LLC, 2100 MCKINNEY AVENUE, SUITE 1500, DALLAS TX 75201
Steven Pluss	officer: Vice President	C/O TPG GLOBAL, LLC, 301 COMMERCE STREET, FORT WORTH TX 76102
Joshua Peck	officer: Vice President	C/O SIXTH STREET PARTNERS, LLC, 2100 MCKINNEY AVENUE, SUITE 1500, DALLAS TX 75201
Jennifer Gordon	officer: Chief Compliance Officer	C/O TPG GLOBAL, 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Ian Simmonds	officer: Chief Financial Officer	301 COMMERCE STREET, FORT WORTH TX 76102
Judy S Slotkin	director	888 PARK AVENUE, NEW YORK NY 10021
Richard A Higginbotham	director	FLEETBOSTON FINANCIAL CORP, 100 FEDERAL STREET, BOSTON MA 02110
Joshua Easterly	director, officer: Vice President	301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
John Ross	director	830 PARK AVENUE, APARTMENT 11B, NEW YORK NY 10021
Kenneth Joseph Burke	officer: Chief Compliance Officer	301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Robert J. Stanley	officer: President	301 COMMERCE STREET, FORT WORTH TX 76102
Ronald Tanemura	director	1010 36TH AVENUE EAST, SEATTLE WA 98112