MAIN (Main Street Capital) LT-Debt-to-Total-Asset: 0.43 (As of Mar. 2026)

What is Main Street Capital LT-Debt-to-Total-Asset?

Main Street Capital MAIN +0.62% 68 LT-Debt-to-Total-Asset is 0.43 as of Mar. 2026. GuruFocus rates MAIN with a GF Score™ of 68/100 and a GF Value™ of $49.05 (Fairly Valued). The stock has 10 warning signs investors should review.

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Main Street Capital's long-term debt to total assests ratio for the quarter that ended in Mar. 2026 was 0.43.

Main Street Capital's long-term debt to total assets ratio increased from Mar. 2025 (0.43) to Mar. 2026 (0.43). It may suggest that Main Street Capital is progressively becoming more dependent on debt to grow their business.

Main Street Capital (NYSE:MAIN) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Main Street Capital LT-Debt-to-Total-Asset Related Terms

Main Street Capital LT-Debt-to-Total-Asset Historical Data

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The historical data trend for Main Street Capital's LT-Debt-to-Total-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.

Main Street Capital LT-Debt-to-Total-Asset Chart

Main Street Capital Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

LT-Debt-to-Total-Asset

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0.49

0.47

0.41

0.43

Main Street Capital Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.43	0.42	0.41	0.43	0.43

68GF Score

Main Street Capital Corp MAIN

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Main Street Capital LT-Debt-to-Total-Asset Calculation

Main Street Capital's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as

LT Debt to Total Assets (A: Dec. 2025 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2025 )	/	Total Assets (A: Dec. 2025 )
	=	2457.594	/	5681.701
	=	0.43

Main Street Capital's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2026 is calculated as

LT Debt to Total Assets (Q: Mar. 2026 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2026 )	/	Total Assets (Q: Mar. 2026 )
	=	2529.576	/	5828.398
	=	0.43

Frequently Asked Questions Learn more about LT-Debt-to-Total-Asset →

What does a LT-Debt-to-Total-Asset of 0.43 mean?

Main Street Capital (MAIN) has a LT-Debt-to-Total-Asset of 0.43 as of Mar. 2026. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Main Street Capital and its competitors.

Is Main Street Capital's LT-Debt-to-Total-Asset too high?

Main Street Capital's current LT-Debt-to-Total-Asset is 0.43. Overall, Main Street Capital has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does Main Street Capital's LT-Debt-to-Total-Asset compare to OTF and HASI?

Main Street Capital's LT-Debt-to-Total-Asset of 0.43 can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good LT-Debt-to-Total-Asset for an Asset Management company?

A good LT-Debt-to-Total-Asset depends on the Asset Management industry context. However, LT-Debt-to-Total-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high LT-Debt-to-Total-Asset mean?

A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Main Street Capital and its competitors. Main Street Capital's current LT-Debt-to-Total-Asset is 0.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Main Street Capital stock overvalued right now?

Based on GuruFocus' analysis, Main Street Capital (MAIN) is currently considered Fairly Valued. The stock's GF Value™ is $49.05, compared to a current price of $51.88 — trading 5.8% above its estimated fair value. The current LT-Debt-to-Total-Asset is 0.43. Main Street Capital's overall GF Score™ is 68/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is LT-Debt-to-Total-Asset calculated?

LT-Debt-to-Total-Asset is calculated from a company's financial statements. For Main Street Capital (MAIN), the current LT-Debt-to-Total-Asset is 0.43 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 Main Street Capital (MAIN) Overvalued in 2026?

Based on GuruFocus' analysis, Main Street Capital stock appears to be overvalued. The current stock price of $51.88 is trading 5.8% above its estimated GF Value™ of $49.05. GuruFocus considers Main Street Capital to be Fairly Valued.

Key valuation signals for MAIN:

LT-Debt-to-Total-Asset: 0.43
GF Value™: $49.05 vs. price of $51.88 (5.8% above fair value)
GF Score™: 68/100 with 10 warning signs

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

Main Street Capital Business Description

Industry Financial Services Asset Management

Comparable Companies OTF HASI FHI VCTR OBDC DNP CNS BXSL MAAS UTG BLK BX OSTO:INVE A TSX:BN KKR TSX:BAM APO STT AMP LSE:III

Other Exchanges 0JXQ:UK 13M:Germany

Address 1300 Post Oak Boulevard, 8th Floor, Houston, TX, USA, 77056

Website https://www.mainstcapital.com

Main Street Capital Corp is a principal investment firm focused on providing customized long-term debt and equity capital solutions to lower middle market ("LMM") companies and debt capital to private ("Private Loan") companies owned by or in the process of being acquired by a private equity fund. The group invests principally in secured debt investments, equity investments, warrants, and other securities of LMM companies, typically based in the U.S. The company operates as a single segment with a principal investment objective to maximize total return by generating current income from debt investments and current income and capital appreciation from equity and equity-related investments.

68GF Score

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

$51.88

Price

$49.05

GF Value

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