Saratoga Investment Balance Sheet Health
Financial Health criteria checks 1/6
Saratoga Investment has a total shareholder equity of $372.1M and total debt of $822.6M, which brings its debt-to-equity ratio to 221.1%. Its total assets and total liabilities are $1.2B and $842.6M respectively. Saratoga Investment's EBIT is $112.8M making its interest coverage ratio 2.2. It has cash and short-term investments of $84.6M.
Key information
221.1%
Debt to equity ratio
US$822.55m
Debt
| Interest coverage ratio | 2.2x |
| Cash | US$84.57m |
| Equity | US$372.05m |
| Total liabilities | US$842.65m |
| Total assets | US$1.21b |
Recent financial health updates
No updates
Recent updates
Saratoga Investment: 12% Yield That Is Not Worth The Risk
Oct 18Saratoga Investment Corp: 12% Yield, 13% Discount
Sep 20Saratoga Investment: The Leverage Remains A Concern
Jul 17Saratoga Investment Corp: The Good, The Bad, The Ugly
Jul 05Saratoga Investment Corp: Solid BDC But Lacks NAV Growth
May 16Saratoga Investment Corp: Collect A 12.4% Yield With This BDC, But Proceed With Caution
Apr 20Saratoga Investment Corp: The Leverage Is Too Excessive For Going Long
Mar 28Saratoga Investment (Down Big): 40+ Big-Yield BDCs Compared
Jan 31Saratoga Investment Corp: 12% Yield, 16% Discount, Buy Rating
Jan 21Saratoga Investment: Big Yield At Significant Discount
Dec 26Saratoga Investment Corp: 12% Yield, Strong Growth, Undervalued, Buy Rating
Oct 13Saratoga Investment: 11% Yield And Dividend Hiked But Leverage Elevated
Sep 29Saratoga Investment: A +10% Yield And Discount To NAV
Aug 02Saratoga Investment Corp: Solid Buy With Quality Capital Structure
Jul 02Saratoga Investment (NYSE:SAR) Is Increasing Its Dividend To $0.70
Jun 01
Saratoga Investment (NYSE:SAR) Will Pay A Larger Dividend Than Last Year At $0.69
Mar 03Saratoga Investment: Lock In A 10% Yield At A Discount
Jan 09Near-Shutdown Of Preferred Stock IPO Market, October 2022
Nov 04Saratoga Investment announces notes offering and rating of BBB+
Oct 19Saratoga Investment prices $400M CLO
Oct 03Saratoga Investment's (NYSE:SAR) Shareholders Will Receive A Bigger Dividend Than Last Year
Sep 01Saratoga Investment raises dividend by 2% to $0.54
Aug 29NAV Discounted Saratoga Investments Has AUM Growth Risk
Aug 23Saratoga Investment Q1 2023 Earnings Preview
Jul 05Saratoga Investment: Rip Through Inflation With This 9% Yield
Jun 20Saratoga: The Time Has Come, Execute Buy Order
Apr 05Saratoga: Well Diversified BDC But Has An Overstretched Payout Ratio
Dec 12Saratoga: 7.1% Yield, 5 Straight Dividend Bumps
Sep 04Saratoga Investment adds to Bullish rating as Oppenheimer initiates coverage
Jun 16Financial Position Analysis
Short Term Liabilities: SAR's short term assets ($172.4M) exceed its short term liabilities ($88.1M).
Long Term Liabilities: SAR's short term assets ($172.4M) do not cover its long term liabilities ($754.5M).
Debt to Equity History and Analysis
Debt Level: SAR's net debt to equity ratio (198.4%) is considered high.
Reducing Debt: SAR's debt to equity ratio has increased from 123.8% to 221.1% over the past 5 years.
Debt Coverage: SAR's debt is not well covered by operating cash flow (10.2%).
Interest Coverage: SAR's interest payments on its debt are not well covered by EBIT (2.2x coverage).