Carlyle Secured Lending Balance Sheet Health
Financial Health criteria checks 3/6
Carlyle Secured Lending has a total shareholder equity of $912.8M and total debt of $980.2M, which brings its debt-to-equity ratio to 107.4%. Its total assets and total liabilities are $1.9B and $1.0B respectively. Carlyle Secured Lending's EBIT is $184.1M making its interest coverage ratio 241.3. It has cash and short-term investments of $22.6M.
Key information
107.4%
Debt to equity ratio
US$980.18m
Debt
| Interest coverage ratio | 241.3x |
| Cash | US$22.56m |
| Equity | US$912.81m |
| Total liabilities | US$1.03b |
| Total assets | US$1.94b |
Recent financial health updates
No updates
Recent updates
Carlyle Secured Lending: Improving Fundamentals Warrant A Buy (Rating Upgrade)
Apr 17Carlyle Secured Lending: Full Re-Rating Makes This 10% Yielder A Hold (Downgrade)
Mar 15Carlyle Secured Lending: Well-Structured But With Deeply Hidden Risk
Jan 12Carlyle Secured Lending: Good Q2 From A Strong BDC Performer This Year
Sep 06Carlyle Secured Lending raises dividend by 6%
Aug 09Carlyle Secured Lending: 9-12% Yield, 22% Discount To NAV, Benefits From Rising Rates
Jul 01Carlyle Secured Lending: Q1 Numbers Surprise To The Upside For This 10.8% Yielder
May 12TCG BDC: Good Q4 And A Dividend Raise For This 11.4% Yield BDC
Feb 28TCG BDC: Another BDC To Satisfy Yield Cravings
Feb 13Swapping Prospect With Carlyle For Solid 11% Yield
Jan 09TCG BDC: An Attractively Valued Pure-Play Credit BDC
Oct 19TCG BDC: Not For The Faint Of Heart
Aug 18TCG BDC, Inc. 2021 Q1 - Results - Earnings Call Presentation
May 05TCG BDC: 27% Discount, 12% Yield
Dec 18TCG BDC, Inc. 2020 Q3 - Results - Earnings Call Presentation
Nov 06TCG BDC new JV to capitalize on opportunities emerging from volatility
Nov 04Financial Position Analysis
Short Term Liabilities: CGBD's short term assets ($100.7M) exceed its short term liabilities ($49.6M).
Long Term Liabilities: CGBD's short term assets ($100.7M) do not cover its long term liabilities ($980.2M).
Debt to Equity History and Analysis
Debt Level: CGBD's net debt to equity ratio (104.9%) is considered high.
Reducing Debt: CGBD's debt to equity ratio has increased from 90.4% to 107.4% over the past 5 years.
Debt Coverage: CGBD's debt is well covered by operating cash flow (23.5%).
Interest Coverage: CGBD's interest payments on its debt are well covered by EBIT (241.3x coverage).