OBDC (Blue Owl Capital) Debt-to-Equity: 1.18 (As of Mar. 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

OBDC Blue Owl Capital Corp OBDC
60 GF Score
Price $10.77
GF Value $14.53
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Blue Owl Capital Debt-to-Equity?

Blue Owl Capital OBDC +0.65% 60 Debt-to-Equity is 1.18 as of Mar. 2026, which is 8% above its 10-year median of 1.09. GuruFocus rates OBDC with a GF Score™ of 60/100 and a GF Value™ of $14.53 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 962 Asset Management companies, Blue Owl Capital ranks worse than 86.8% on this metric.

Blue Owl Capital's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $0.0 Mil. Blue Owl Capital's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $8,454.6 Mil. Blue Owl Capital's Total Stockholders Equity for the quarter that ended in Mar. 2026 was $7,154.0 Mil. Blue Owl Capital's debt to equity for the quarter that ended in Mar. 2026 was 1.18.

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 Blue Owl Capital's Debt-to-Equity or its related term are showing as below:

OBDC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.28   Med: 1.09   Max: 1.31
Current: 1.18

During the past 10 years, the highest Debt-to-Equity Ratio of Blue Owl Capital was 1.31. The lowest was 0.28. And the median was 1.09.

OBDC's Debt-to-Equity is ranked worse than
86.8% of 962 companies
in the Asset Management industry
Industry Median: 0.21 vs OBDC: 1.18

Blue Owl Capital  (NYSE:OBDC) 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.


Blue Owl Capital Debt-to-Equity Related Terms


Blue Owl Capital Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Blue Owl 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.

Blue Owl Capital Debt-to-Equity Chart

Blue Owl Capital Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.19 1.24 1.18 1.25 1.26

Blue Owl Capital Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.31 1.20 1.25 1.26 1.18

OBDC vs BXSL, MAIN, HASI: Debt-to-Equity Comparison

For the Asset Management subindustry, Blue Owl 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.


Blue Owl Capital Debt-to-Equity vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Blue Owl Capital's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Blue Owl Capital's Debt-to-Equity falls into.


OBDC
60GF Score
Blue Owl Capital Corp OBDC
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Blue Owl Capital Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Blue Owl Capital's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Blue Owl Capital's Debt to Equity Ratio for the quarter that ended in Mar. 2026 is calculated as

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 1.18 mean?
Blue Owl Capital (OBDC) has a Debt-to-Equity of 1.18 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Blue Owl Capital and its competitors. This is near median its historical median of 1.09. Over the past decade, Blue Owl Capital's Debt-to-Equity has ranged from 0.28 to 1.31. According to the industry distribution chart, Blue Owl Capital ranks #835 out of 962 companies in the Asset Management industry, placing it in the top 86.8%.
Is Blue Owl Capital's Debt-to-Equity too high?
Blue Owl Capital's current Debt-to-Equity of 1.18 is near median its 10-year median of 1.09. Over the past 10 years, this metric has ranged from a low of 0.28 to a high of 1.31. The Asset Management industry median Debt-to-Equity is 0.21. Blue Owl Capital's value of 1.18 is 461.9% above this industry median. Based on the distribution chart, Blue Owl Capital ranks #835 out of 962 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Blue Owl Capital has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Blue Owl Capital's Debt-to-Equity compare to BXSL and MAIN?
According to the Asset Management industry distribution chart, Blue Owl Capital ranks #835 out of 962 companies for Debt-to-Equity. This places Blue Owl Capital in the lower half of its industry. The industry median Debt-to-Equity is 0.21. Blue Owl Capital's value of 1.18 is 461.9% above this benchmark. Historically, Blue Owl Capital's own Debt-to-Equity has ranged from 0.28 to 1.31 over the past decade. While the company's 10-year median is 1.09 vs. the industry median of 0.21, Blue Owl 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 962 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. Blue Owl Capital's current Debt-to-Equity of 1.18 is 461.9% 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 Blue Owl 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. Blue Owl Capital's current Debt-to-Equity is 1.18, which is near median its own 10-year median of 1.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Blue Owl Capital stock overvalued right now?
Based on GuruFocus' analysis, Blue Owl Capital (OBDC) is currently considered Modestly Undervalued. The stock's GF Value™ is $14.53, compared to a current price of $10.77 — trading 25.9% below its estimated fair value. The current Debt-to-Equity is 1.18, which is near median its 10-year median of 1.09 and 461.9% above the Asset Management industry median of 0.21. Blue Owl Capital's overall GF Score™ is 60/100 with 6 warning signs to review. 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 Blue Owl Capital (OBDC), the current Debt-to-Equity is 1.18 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 Blue Owl Capital (OBDC) Overvalued in 2026?

Based on GuruFocus' analysis, Blue Owl Capital stock appears to be undervalued. The current stock price of $10.77 is trading 25.9% below its estimated GF Value™ of $14.53. GuruFocus considers Blue Owl Capital to be Modestly Undervalued.

Key valuation signals for OBDC:

  • Debt-to-Equity: 1.18 (near median its 10-year median of 1.09)
  • GF Value™: $14.53 vs. price of $10.77 (25.9% below fair value)
  • GF Score™: 60/100 with 6 warning signs
  • Industry Position: 461.9% above the Asset Management median (#835 of 962)

No single metric tells the full story. See the OBDC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Blue Owl Capital Business Description

Other Exchanges 1D6:Germany
Address 399 Park Avenue, New York, NY, USA, 10022
Blue Owl Capital Corp is a specialty finance company and business development company (BDC) focused on providing direct lending solutions to U.S. middle-market companies. The company seeks to generate current income and, to a lesser extent, capital appreciation by targeting investment opportunities with favorable risk-adjusted returns, including senior secured, subordinated, or mezzanine loans and equity-related instruments. Its investment strategies are intended to generate favorable returns across credit cycles with an emphasis on preserving capital.
60GF Score

Get the complete analysis for OBDC

Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$10.77
Price
$14.53
GF Value