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Blackstone Secured Lending Fund Financial Strength

: 3 (As of Jun. 2022)
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Blackstone Secured Lending Fund has the Financial Strength Rank of 3. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.

Warning Sign:

Blackstone Secured Lending Fund displays poor financial strength. Usually, this is caused by too much debt for the company.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.

GuruFocus does not calculate Blackstone Secured Lending Fund's interest coverage with the available data. Blackstone Secured Lending Fund's debt to revenue ratio for the quarter that ended in Jun. 2022 was 19.35. Altman Z-Score does not apply to banks and insurance companies.


Blackstone Secured Lending Fund Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

Blackstone Secured Lending Fund's Interest Expense for the months ended in Jun. 2022 was $-43.6 Mil. Its Operating Income for the months ended in Jun. 2022 was $0.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2022 was $5,788.2 Mil.

Blackstone Secured Lending Fund's Interest Coverage for the quarter that ended in Jun. 2022 is

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

Blackstone Secured Lending Fund's Debt to Revenue Ratio for the quarter that ended in Jun. 2022 is

Debt to Revenue Ratio=Total Debt (Q: Jun. 2022 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(0 + 5788.193) / 299.148
=19.35

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

Altman Z-Score does not apply to banks and insurance companies.

* 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.


Blackstone Secured Lending Fund  (NYSE:BXSL) Financial Strength Explanation

The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.

Blackstone Secured Lending Fund has the Financial Strength Rank of 3. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.


Blackstone Secured Lending Fund Financial Strength Related Terms

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Blackstone Secured Lending Fund Business Description

Blackstone Secured Lending Fund logo
Traded in Other Exchanges
N/A
Address
345 Park Avenue, 31st Floor, New York, NY, USA, 10154
Blackstone Secured Lending Fund is a non-diversified, closed-end management investment company. The investment objectives of the company are to generate current income and, to a lesser extent, long-term capital appreciation. The company seeks to achieve its investment objectives primarily through originated loans and other securities, including syndicated loans, of private U.S. companies, typically in the form of first lien senior secured and unitranche loans, and unsecured and subordinated loans and other debt and equity securities.
Executives
Miller Abby officer: See Remarks C/O BLACKROCK CAPITAL INVESTMENT CORP 40 EAST 52ND STREET NEW YORK NY 10022
Greene Michelle other: Trustee 345 PARK AVENUE NEW YORK NY 10154
Goldberg David Henry officer: See Remarks 345 PARK AVE NEW YORK NY 10154
Sawhney Vikrant other: Trustee C/O BLACKSTONE INC. 345 PARK AVENUE NEW YORK NY 10154
Whitaker Carlos officer: President 345 PARK AVE NEW YORK NY 10154
Rubenstein Katherine officer: Chief Operating Officer 345 PARK AVE NEW YORK NY 10154
Clark James Frederic other: Trustee 345 PARK AVENUE 31ST FLOOR NEW YORK NY 10154
Fuller Vicki L other: Trustee ONE WILLIAMS CENTER TULSA OK 74172
Uss Investment Management Ltd 10 percent owner 6TH FLOOR 60 THREADNEEDLE STREET LONDON X0 EC2R 8HP
Universities Superannuation Scheme Ltd As Sole Corporate Trustee For Universities Superannuation Scheme 10 percent owner ROYAL LIVER BUILDING LIVERPOOL X0 L3 1PY
Kuppenheimer Stephan officer: Chief Financial Officer 399 PARK AVENUE 39TH FLOOR NEW YORK NY 10022
Busch Robert W officer: CAO and Treasurer C/O HPS INVESTMENT PARTNERS, LLC 40 WEST 57TH STREET, 33RD FLOOR NEW YORK NY 10019
Smith Daniel Harlan Jr. other: Trustee 1290 BROADWAY SUITE 1100 DENVER CO 80203
Collins Tracy Lynn other: Trustee 555 CALIFORNIA STREET, 50TH FLOOR SAN FRANCISCO CA 94104
Harteveldt Robert L. other: Trustee C/O TRISHIELD CAPITAL MANAGEMENT, LLC 540 MADISON AVENUE, 14TH FLOOR NEW YORK NY 10022
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