BlackRock TCP Capital Balance Sheet Health
Financial Health criteria checks 2/6
BlackRock TCP Capital has a total shareholder equity of $785.1M and total debt of $1.1B, which brings its debt-to-equity ratio to 142.5%. Its total assets and total liabilities are $1.9B and $1.1B respectively. BlackRock TCP Capital's EBIT is $204.4M making its interest coverage ratio 2.9. It has cash and short-term investments of $91.6M.
Key information
142.5%
Debt to equity ratio
US$1.12b
Debt
| Interest coverage ratio | 2.9x |
| Cash | US$91.59m |
| Equity | US$785.12m |
| Total liabilities | US$1.14b |
| Total assets | US$1.92b |
Recent financial health updates
No updates
Recent updates
BlackRock TCP: Still Too Speculative After The Dividend Cut
Apr 02BlackRock TCP Capital: Q4 Earnings Show No Signs Of Improvement
Mar 04BlackRock TCP Capital Is Risky But May Prove Profitable
Jan 27BlackRock TCP Capital: The Tide Is Turning (Rating Upgrade)
Jan 03BlackRock TCP Capital: Improving Portfolio Quality But Still Not A Buy
Nov 20BlackRock TCP Capital: A Trading Opportunity Too Tempting To Pass Up
Oct 15BlackRock TCP Capital: The Yield Of 17.9% Is Likely To Be Cut
Aug 29BlackRock TCP Capital: Weakening Earnings May Result In Distribution Cut (Rating Downgrade)
Aug 19BlackRock TCP Capital Corp.: Low Expected Returns
Jul 22BlackRock TCP Capital: Still A Suboptimal BDC Pick After Q1 Results
Jun 09BlackRock TCP Capital: Post-Merger Opportunity For Income And Growth
May 27BlackRock TCP Capital: Q1 Results Show Increased Profitability
May 07BlackRock TCP Capital Corp.: 13% Yield, Upcoming Merger
Mar 10BlackRock TCP Capital: Rating Downgrade After Q4 Results
Mar 01BlackRock TCP Capital: 11% Covered Yield, But There Are Risks
Feb 01BlackRock TCP Capital: A Great, Well-Covered 10.3% Yield
Sep 26BlackRock TCP Capital Q2 2022 Earnings Preview
Aug 02BlackRock TCP Q1 Update: Income Jumps, Valuation Converges With Sector
May 19BlackRock TCP Capital: All The Positive Results Are Already Priced In
Apr 06BlackRock TCP Capital: 9% Yield, Get Your Marshmallow Now
Jan 18TCPC: Undervalued BDC With Income Tailwinds
Sep 28BlackRock TCP Capital: 8% Yield, Good Dividend Coverage, NAV Up 15%
May 08BlackRock TCP Capital EPS beats by $0.29, misses on revenue
May 05BlackRock TCP Capital Corp.: 10% Yield, 6% Discount
Nov 29BlackRock TCP Capital Corp 2020 Q3 - Results - Earnings Call Presentation
Nov 09BlackRock TCP Capital declares $0.30 dividend
Nov 02Financial Position Analysis
Short Term Liabilities: TCPC's short term assets ($122.0M) exceed its short term liabilities ($111.6M).
Long Term Liabilities: TCPC's short term assets ($122.0M) do not cover its long term liabilities ($1.0B).
Debt to Equity History and Analysis
Debt Level: TCPC's net debt to equity ratio (130.9%) is considered high.
Reducing Debt: TCPC's debt to equity ratio has increased from 116.9% to 142.5% over the past 5 years.
Debt Coverage: TCPC's debt is well covered by operating cash flow (26.2%).
Interest Coverage: TCPC's interest payments on its debt are not well covered by EBIT (2.9x coverage).
Balance Sheet
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/04/23 06:45 |
| End of Day Share Price | 2025/04/23 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
BlackRock TCP Capital Corp. is covered by 16 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Derek Hewett | BofA Global Research |
| Richard Eckert | B. Riley Securities, Inc. |
| Christopher Testa | B. Riley Wealth |