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.
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.
BlackRock TCP CapitalTCPC -2.86%24 Equity-to-Asset is 0.37 as of Jun. 2026, which is 16% below its 10-year median of 0.44. GuruFocus rates TCPC with a GF Score™ of 24/100. Among 1,630 Asset Management companies, BlackRock TCP Capital ranks worse than 88.22% on this metric.
BlackRock TCP Capital (NAS:TCPC) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
BlackRock TCP Capital Equity-to-Asset Related Terms
BlackRock TCP Capital Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for BlackRock TCP Capital's Equity-to-Asset 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.
TCPC vs EOT, XFLT, TDF: Equity-to-Asset Comparison
For the Asset Management subindustry, BlackRock TCP Capital's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset vs Asset Management Industry
For the Asset Management industry and Financial Services sector, BlackRock TCP Capital's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where BlackRock TCP Capital's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
BlackRock TCP Capital's Equity to Asset Ratio for the fiscal year that ended in Dec. 2025 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.
BlackRock TCP Capital (TCPC) has a Equity-to-Asset of 0.37 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on BlackRock TCP Capital and its competitors. This is 16% below median its historical median of 0.44. Over the past decade, BlackRock TCP Capital's Equity-to-Asset has ranged from 0.36 to 0.58. According to the industry distribution chart, BlackRock TCP Capital ranks #1438 out of 1630 companies in the Asset Management industry, placing it in the top 88.2%.
Is BlackRock TCP Capital's Equity-to-Asset too high?
BlackRock TCP Capital's current Equity-to-Asset of 0.37 is 16% below median its 10-year median of 0.44. Over the past 10 years, this metric has ranged from a low of 0.36 to a high of 0.58. The Asset Management industry median Equity-to-Asset is 0.83. BlackRock TCP Capital's value of 0.37 is 55.4% below this industry median. Based on the distribution chart, BlackRock TCP Capital ranks #1438 out of 1630 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 Equity-to-Asset compare to EOT and XFLT?
According to the Asset Management industry distribution chart, BlackRock TCP Capital ranks #1438 out of 1630 companies for Equity-to-Asset. This places BlackRock TCP Capital in the lower half of its industry. The industry median Equity-to-Asset is 0.83. BlackRock TCP Capital's value of 0.37 is 55.4% below this benchmark. Historically, BlackRock TCP Capital's own Equity-to-Asset has ranged from 0.36 to 0.58 over the past decade. While the company's 10-year median is 0.44 vs. the industry median of 0.83, BlackRock TCP Capital has consistently been below 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 Equity-to-Asset for an Asset Management company?
The median Equity-to-Asset among Asset Management companies is 0.83, based on 1,630 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. BlackRock TCP Capital's current Equity-to-Asset of 0.37 is 55.4% below 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on BlackRock TCP Capital and its competitors. For the Asset Management industry, the median Equity-to-Asset is 0.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BlackRock TCP Capital's current Equity-to-Asset is 0.37, which is 16% below median its own 10-year median of 0.44. 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 Equity-to-Asset of 0.37. The current Equity-to-Asset is 0.37, which is 16% below median its 10-year median of 0.44 and 55.4% below the Asset Management industry median of 0.83. 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 Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For BlackRock TCP Capital (TCPC), the current Equity-to-Asset is 0.37 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.
24GF Score
Get the complete analysis for TCPC
Equity-to-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TCPC has been successfully added to your 
