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OFS Capital (OFS Capital) Debt-to-Equity : 1.85 (As of Dec. 2023)


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What is OFS Capital Debt-to-Equity?

OFS Capital's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. OFS Capital's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $299.73 Mil. OFS Capital's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $162.00 Mil. OFS Capital's debt to equity for the quarter that ended in Dec. 2023 was 1.85.

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

OFS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.88   Med: 1.57   Max: 2.12
Current: 1.85

During the past 13 years, the highest Debt-to-Equity Ratio of OFS Capital was 2.12. The lowest was 0.88. And the median was 1.57.

OFS's Debt-to-Equity is ranked worse than
93.81% of 1018 companies
in the Asset Management industry
Industry Median: 0.19 vs OFS: 1.85

OFS Capital Debt-to-Equity Historical Data

The historical data trend for OFS 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.

* Premium members only.

OFS Capital Debt-to-Equity Chart

OFS Capital Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.12 1.95 1.69 1.84 1.85

OFS Capital Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 1.84 1.83 1.87 1.76 1.85

Competitive Comparison of OFS Capital's Debt-to-Equity

For the Asset Management subindustry, OFS 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.


OFS Capital's Debt-to-Equity Distribution in the Asset Management Industry

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

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



OFS Capital Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

OFS Capital's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

OFS Capital's Debt to Equity Ratio for the quarter that ended in Dec. 2023 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.


OFS Capital  (NAS:OFS) 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.


OFS Capital Debt-to-Equity Related Terms

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


OFS Capital (OFS Capital) Business Description

Traded in Other Exchanges
Address
10 South Wacker Drive, Suite 2500, Chicago, IL, USA, 60606
OFS Capital Corp is an externally managed, closed-end, non-diversified management investment company. Its business objective is to generate current income and capital appreciation by investing primarily in middle-market companies in the United States. The company focuses on investments in senior secured loans, including first lien, second lien, and unitranche loans, as well as subordinated loans and, to a lesser extent, warrants, and other equity securities.
Executives
Kyle Spina officer: Chief Accounting Officer 10 S. WACKER DR, SUITE 2500, CHICAGO IL 60606
Orchard First Source Asset Management Holdings, Llc 10 percent owner 10 SOUTH WACKER, SUITE 2500, CHICAGO IL 60606
Ross Teune officer: Chief Accounting Officer 150 SOUTH WACKER DRIVE, SUITE 800, CHICAGO IL 60606
Ashwin Ranganathan director 4700 WILSHIRE BLVD, LOS ANGELES CA 90010
Orchard Investments, Llc 10 percent owner 4700 WILSHIRE BLVD., LOS ANGELES CA 90010
Romita Shetty director 70 E 55TH STREET, FLOOR 21, NEW YORK NY 10022
Mukya Porter officer: Chief Compliance Officer 4700 WILSHIRE BOULEVARD, LOS ANGELES CA 90010
Jeffery S. Owen officer: Chief Accounting Officer C/O OFS CAPITAL CORPORATION, 10 S. WACKER DRIVE, SUITE 2500, CHICAGO IL 60606
Richard S Ressler 10 percent owner C/O J2 GLOBAL COMMUNICATIONS, INC., 6922 HOLLYWOOD BLVD, 5TH FLOOR, LOS ANGELES CA 90028
Jeffrey A Cerny officer: CFO and Treasurer 10 SOUTH WACKER DRIVE, SUITE 2500, CHICAGO IL 60606
Bilal Rashid director 10 SOUTH WACKER DRIVE, SUITE 2500, CHICAGO IL 60606
Elaine Healy director
Oi3 2019 Trust 10 percent owner 4700 WILSHIRE BOULEVARD, LOS ANGELES CA 90010
Oi3, Llc 10 percent owner 4700 WILSHIRE BOULEVARD, LOS ANGELES CA 90010
Eric P. Rubenfeld officer: Chief Compliance Officer 2850 WEST GOLF ROAD, 5TH FLOOR, ROLLING MEADOWS IL 60008