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Sixth Street Specialty LendingTSLX +0.39%53 Debt-to-Equity is 1.24 as of Jun. 2026, which is 32% above its 10-year median of 0.94. GuruFocus rates TSLX with a GF Score™ of 53/100 and a GF Value™ of $12.69 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 960 Asset Management companies, Sixth Street Specialty Lending ranks worse than 86.77% 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 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: 0.57 Med: 0.94 Max: 1.19
Current: 1.17
During the past 13 years, the highest Debt-to-Equity Ratio of Sixth Street Specialty Lending was 1.19. The lowest was 0.57. And the median was 0.94.
TSLX's Debt-to-Equity is ranked worse than 86.77% of 960
companies
in the Asset Management industry
Industry Median: 0.21
vs TSLX: 1.17
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
Sixth Street Specialty Lending Debt-to-Equity Historical Data
* 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.
Sixth Street Specialty Lending Debt-to-Equity Chart
TSLX vs BST, BCAT, TRIN: Debt-to-Equity Comparison
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 Debt-to-Equity vs 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.
* 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.
Sixth Street Specialty Lending (TSLX) has a Debt-to-Equity of 1.24 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Sixth Street Specialty Lending and its competitors. This is 32% above median its historical median of 0.94. Over the past decade, Sixth Street Specialty Lending's Debt-to-Equity has ranged from 0.57 to 1.19. According to the industry distribution chart, Sixth Street Specialty Lending ranks #833 out of 960 companies in the Asset Management industry, placing it in the top 86.8%.
Is Sixth Street Specialty Lending's Debt-to-Equity too high?
Sixth Street Specialty Lending's current Debt-to-Equity of 1.24 is 32% above median its 10-year median of 0.94. Over the past 10 years, this metric has ranged from a low of 0.57 to a high of 1.19. The Asset Management industry median Debt-to-Equity is 0.21. Sixth Street Specialty Lending's value of 1.24 is 490.5% above this industry median. Based on the distribution chart, Sixth Street Specialty Lending ranks #833 out of 960 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Sixth Street Specialty Lending has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sixth Street Specialty Lending's Debt-to-Equity compare to BST and BCAT?
According to the Asset Management industry distribution chart, Sixth Street Specialty Lending ranks #833 out of 960 companies for Debt-to-Equity. This places Sixth Street Specialty Lending in the lower half of its industry. The industry median Debt-to-Equity is 0.21. Sixth Street Specialty Lending's value of 1.24 is 490.5% above this benchmark. Historically, Sixth Street Specialty Lending's own Debt-to-Equity has ranged from 0.57 to 1.19 over the past decade. While the company's 10-year median is 0.94 vs. the industry median of 0.21, Sixth Street Specialty Lending 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 960 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. Sixth Street Specialty Lending's current Debt-to-Equity of 1.24 is 490.5% 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 Sixth Street Specialty Lending 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. Sixth Street Specialty Lending's current Debt-to-Equity is 1.24, which is 32% above median its own 10-year median of 0.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sixth Street Specialty Lending stock overvalued right now?
Based on GuruFocus' analysis, Sixth Street Specialty Lending (TSLX) is currently considered Significantly Overvalued. The stock's GF Value™ is $12.69, compared to a current price of $18.08 — trading 42.5% above its estimated fair value. The current Debt-to-Equity is 1.24, which is 32% above median its 10-year median of 0.94 and 490.5% above the Asset Management industry median of 0.21. Sixth Street Specialty Lending's overall GF Score™ is 53/100 with 8 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 Sixth Street Specialty Lending (TSLX), the current Debt-to-Equity is 1.24 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.
Is Sixth Street Specialty Lending (TSLX) Overvalued in 2026?
Based on GuruFocus' analysis, Sixth Street Specialty Lending stock appears to be overvalued.
The current stock price of $18.08 is trading 42.5% above its estimated GF Value™ of $12.69.
GuruFocus considers Sixth Street Specialty Lending to be Significantly Overvalued.
Key valuation signals for TSLX:
Debt-to-Equity: 1.24 (32% above median its 10-year median of 0.94)
GF Value™: $12.69 vs. price of $18.08 (42.5% above fair value)
Industry Position: 490.5% above the Asset Management median (#833 of 960)
No single metric tells the full story. See the TSLX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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. The company partners with other companies across a variety of industries and provides creative solutions with complex business models that may have limited access to capital. The company seeks to generate current income in U.S.-domiciled middle-market companies through direct originations of senior secured loans and, to a lesser extent, originations of mezzanine and unsecured loans and investments in corporate bonds and equity securities.
53GF Score
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