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BlackRock TCP CapitalTCPC -2.86%24 Debt-to-Equity is 1.65 as of Jun. 2026, which is 32% above its 10-year median of 1.25. GuruFocus rates TCPC with a GF Score™ of 24/100. Among 956 Asset Management companies, BlackRock TCP Capital ranks worse than 91.74% 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 BlackRock TCP Capital's Debt-to-Equity or its related term are showing as below:
TCPC'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.66 Med: 1.25 Max: 1.73
Current: 1.65
During the past 13 years, the highest Debt-to-Equity Ratio of BlackRock TCP Capital was 1.73. The lowest was 0.66. And the median was 1.25.
TCPC's Debt-to-Equity is ranked worse than 91.74% of 956
companies
in the Asset Management industry
Industry Median: 0.21
vs TCPC: 1.65
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.
BlackRock TCP Capital Debt-to-Equity Related Terms
BlackRock TCP Capital Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for BlackRock TCP 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, BlackRock TCP 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.
BlackRock TCP Capital Debt-to-Equity vs Asset Management Industry
For the Asset Management industry and Financial Services sector, BlackRock TCP Capital's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where BlackRock TCP 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.
BlackRock TCP Capital (TCPC) has a Debt-to-Equity of 1.65 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on BlackRock TCP Capital and its competitors. This is 32% above median its historical median of 1.25. Over the past decade, BlackRock TCP Capital's Debt-to-Equity has ranged from 0.66 to 1.73. According to the industry distribution chart, BlackRock TCP Capital ranks #877 out of 956 companies in the Asset Management industry, placing it in the top 91.7%.
Is BlackRock TCP Capital's Debt-to-Equity too high?
BlackRock TCP Capital's current Debt-to-Equity of 1.65 is 32% above median its 10-year median of 1.25. Over the past 10 years, this metric has ranged from a low of 0.66 to a high of 1.73. The Asset Management industry median Debt-to-Equity is 0.21. BlackRock TCP Capital's value of 1.65 is 685.7% above this industry median. Based on the distribution chart, BlackRock TCP Capital ranks #877 out of 956 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, BlackRock TCP Capital has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does BlackRock TCP Capital's Debt-to-Equity compare to EOT and XFLT?
According to the Asset Management industry distribution chart, BlackRock TCP Capital ranks #877 out of 956 companies for Debt-to-Equity. This places BlackRock TCP Capital in the lower half of its industry. The industry median Debt-to-Equity is 0.21. BlackRock TCP Capital's value of 1.65 is 685.7% above this benchmark. Historically, BlackRock TCP Capital's own Debt-to-Equity has ranged from 0.66 to 1.73 over the past decade. While the company's 10-year median is 1.25 vs. the industry median of 0.21, BlackRock TCP 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 956 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. BlackRock TCP Capital's current Debt-to-Equity of 1.65 is 685.7% 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 BlackRock TCP 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. BlackRock TCP Capital's current Debt-to-Equity is 1.65, which is 32% above median its own 10-year median of 1.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BlackRock TCP Capital stock overvalued right now?
BlackRock TCP Capital (TCPC) has a current Debt-to-Equity of 1.65. The current Debt-to-Equity is 1.65, which is 32% above median its 10-year median of 1.25 and 685.7% above the Asset Management industry median of 0.21. BlackRock TCP Capital's overall GF Score™ is 24/100. 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 BlackRock TCP Capital (TCPC), the current Debt-to-Equity is 1.65 as of Jun. 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.
BlackRock TCP Capital Corp is an externally-managed specialty finance company focused on middle-market lending. Its investment objective is to achieve high total returns through current income and capital appreciation, with an emphasis on principal protection. It seeks to achieve its investment objective through investments in debt securities of middle-market companies. The group generates returns through a combination of the receipt of contractual interest payments on debt investments and origination and similar fees, and, to a lesser extent, equity appreciation through options, warrants, conversion rights, or direct equity investments.
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