Saratoga Investment Balance Sheet Health
Financial Health criteria checks 1/6
Saratoga Investment has a total shareholder equity of $359.6M and total debt of $793.6M, which brings its debt-to-equity ratio to 220.7%. Its total assets and total liabilities are $1.2B and $812.1M respectively. Saratoga Investment's EBIT is $101.7M making its interest coverage ratio 2.2. It has cash and short-term investments of $21.4M.
Key information
220.7%
Debt to equity ratio
US$793.63m
Debt
| Interest coverage ratio | 2.2x |
| Cash | US$21.39m |
| Equity | US$359.56m |
| Total liabilities | US$812.14m |
| Total assets | US$1.17b |
Recent financial health updates
No updates
Recent updates
Saratoga 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 16Saratoga Investment Corp 2020 Q4 - Results - Earnings Call Presentation
May 06Key Things To Watch Out For If You Are After Saratoga Investment Corp.'s (NYSE:SAR) 7.0% Dividend
Mar 22How Much Of Saratoga Investment Corp. (NYSE:SAR) Do Insiders Own?
Mar 01Who Has Been Buying Saratoga Investment Corp. (NYSE:SAR) Shares?
Feb 08
Did You Participate In Any Of Saratoga Investment's (NYSE:SAR) Fantastic 144% Return ?
Jan 12Saratoga Investment increases dividend to $0.42
Jan 06Saratoga Investment Corp. (NYSE:SAR) Has Got What It Takes To Be An Attractive Dividend Stock
Dec 22Could The Saratoga Investment Corp. (NYSE:SAR) Ownership Structure Tell Us Something Useful?
Dec 01Saratoga: 8% Yield, 23% Discount, And Inflation Protection
Nov 24Financial Position Analysis
Short Term Liabilities: SAR's short term assets ($56.7M) exceed its short term liabilities ($34.8M).
Long Term Liabilities: SAR's short term assets ($56.7M) do not cover its long term liabilities ($777.3M).
Debt to Equity History and Analysis
Debt Level: SAR's net debt to equity ratio (214.8%) is considered high.
Reducing Debt: SAR's debt to equity ratio has increased from 155.5% to 220.7% over the past 5 years.
Debt Coverage: SAR's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: SAR's interest payments on its debt are not well covered by EBIT (2.2x coverage).