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FS KKR CapitalFSK -0.51%40 Debt-to-Equity is 1.38 as of Mar. 2026, which is 19% above its 10-year median of 1.16. GuruFocus rates FSK with a GF Score™ of 40/100 and a GF Value™ of $23.45 (Significantly Undervalued). Among 963 Asset Management companies, FS KKR Capital ranks worse than 89.72% on this metric.
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 FS KKR Capital's Debt-to-Equity or its related term are showing as below:
FSK'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.74 Med: 1.16 Max: 1.4
Current: 1.38
During the past 13 years, the highest Debt-to-Equity Ratio of FS KKR Capital was 1.40. The lowest was 0.74. And the median was 1.16.
FSK's Debt-to-Equity is ranked worse than 89.72% of 963
companies
in the Asset Management industry
Industry Median: 0.21
vs FSK: 1.38
FS KKR Capital (NYSE:FSK) Debt-to-Equity Explanation
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.
FS KKR Capital Debt-to-Equity Related Terms
FS KKR Capital Debt-to-Equity Historical Data
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The historical data trend for FS KKR Capital'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.
For the Asset Management subindustry, FS KKR Capital'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.
FS KKR Capital Debt-to-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, FS KKR Capital's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where FS KKR Capital's Debt-to-Equity 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.
FS KKR Capital (FSK) has a Debt-to-Equity of 1.38 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on FS KKR Capital and its competitors. This is 19% above median its historical median of 1.16. Over the past decade, FS KKR Capital's Debt-to-Equity has ranged from 0.74 to 1.40. According to the industry distribution chart, FS KKR Capital ranks #864 out of 963 companies in the Asset Management industry, placing it in the top 89.7%.
Is FS KKR Capital's Debt-to-Equity too high?
FS KKR Capital's current Debt-to-Equity of 1.38 is 19% above median its 10-year median of 1.16. Over the past 10 years, this metric has ranged from a low of 0.74 to a high of 1.40. The Asset Management industry median Debt-to-Equity is 0.21. FS KKR Capital's value of 1.38 is 557.1% above this industry median. Based on the distribution chart, FS KKR Capital ranks #864 out of 963 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, FS KKR Capital has a GF Score™ of 40/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does FS KKR Capital's Debt-to-Equity compare to HTGC and JPC?
According to the Asset Management industry distribution chart, FS KKR Capital ranks #864 out of 963 companies for Debt-to-Equity. This places FS KKR Capital in the lower half of its industry. The industry median Debt-to-Equity is 0.21. FS KKR Capital's value of 1.38 is 557.1% above this benchmark. Historically, FS KKR Capital's own Debt-to-Equity has ranged from 0.74 to 1.40 over the past decade. While the company's 10-year median is 1.16 vs. the industry median of 0.21, FS KKR Capital has consistently been above 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 Debt-to-Equity for an Asset Management company?
The median Debt-to-Equity among Asset Management companies is 0.21, based on 963 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. FS KKR Capital's current Debt-to-Equity of 1.38 is 557.1% above 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 Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on FS KKR Capital and its competitors. For the Asset Management industry, the median Debt-to-Equity is 0.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FS KKR Capital's current Debt-to-Equity is 1.38, which is 19% above median its own 10-year median of 1.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FS KKR Capital stock overvalued right now?
Based on GuruFocus' analysis, FS KKR Capital (FSK) is currently considered Significantly Undervalued. The stock's GF Value™ is $23.45, compared to a current price of $10.76 — trading 54.1% below its estimated fair value. The current Debt-to-Equity is 1.38, which is 19% above median its 10-year median of 1.16 and 557.1% above the Asset Management industry median of 0.21. FS KKR Capital's overall GF Score™ is 40/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For FS KKR Capital (FSK), the current Debt-to-Equity is 1.38 as of Mar. 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 FS KKR Capital (FSK) Overvalued in 2026?
Based on GuruFocus' analysis, FS KKR Capital stock appears to be undervalued.
The current stock price of $10.76 is trading 54.1% below its estimated GF Value™ of $23.45.
GuruFocus considers FS KKR Capital to be Significantly Undervalued.
Key valuation signals for FSK:
Debt-to-Equity: 1.38 (19% above median its 10-year median of 1.16)
GF Value™: $23.45 vs. price of $10.76 (54.1% below fair value)
Industry Position: 557.1% above the Asset Management median (#864 of 963)
No single metric tells the full story. See the FSK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
FS KKR Capital Corp is an externally managed, non-diversified, closed-end management investment company that has elected to be regulated as a business development company. The company's investment objectives are to generate current income and, to a lesser extent, long-term capital appreciation. The company's portfolio is comprised of investments in senior secured loans and second lien secured loans of private middle market U.S. companies and, to a lesser extent, subordinated loans and certain asset-based financing loans of private U.S. companies.
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