Sixth Street Specialty Lending Balance Sheet Health
Financial Health criteria checks 1/6
Sixth Street Specialty Lending has a total shareholder equity of $1.6B and total debt of $1.8B, which brings its debt-to-equity ratio to 114.1%. Its total assets and total liabilities are $3.5B and $1.9B respectively. Sixth Street Specialty Lending's EBIT is $352.9M making its interest coverage ratio 2.4. It has cash and short-term investments of $35.9M.
Key information
114.1%
Debt to equity ratio
US$1.80b
Debt
| Interest coverage ratio | 2.4x |
| Cash | US$35.89m |
| Equity | US$1.58b |
| Total liabilities | US$1.87b |
| Total assets | US$3.45b |
Recent financial health updates
No updates
Recent updates
Sixth Street Continues Thriving, Proving To Be A Solid Long-Term Dividend Investment
May 13Sixth Street Specialty Lending: Still Thriving Despite The Headwinds
Mar 18Sixth Street Lending Q4: Smooth Sailing For This 10% Yielding BDC
Feb 21Sixth Street Specialty Lending: Trades At A Premium To Nav Due To High Quality
Feb 10Sixth Street Specialty Lending: 8% Yield And NAV/Share Growth
Jan 26Switching Walk From Main Street Capital To Sixth Street Specialty Lending
Jan 08Sixth Street Specialty Lending: A Top BDC Selling At A Fair Price (Rating Downgrade)
Dec 15Sixth Street Specialty Lending: Outperforming, Strong Earnings
Nov 17Sixth Street Specialty Lending: The 9.2% Yield Is One To Hold
Oct 13Sixth Street Specialty Lending: Best Of Breed In BDC Space
Sep 04TSLX: The Golden Age Of Private Credit
Aug 23Sixth Street Specialty Lending: 10% Yield, Strong Q1 Earnings
Jul 28Sixth Street Specialty Lending: The 9.4% Dividend Yield Is Getting Fatter
Jul 21Sixth Street Specialty Lending: 9.7% Yield And Investment Grade Credit Rating
Jun 09TSLX: Another Quarter Of Outperformance For This 11.2% Yielding BDC
May 23Sixth Street Specialty Lending goes ex-dividend on Monday
Feb 24Sixth Street Specialty Lending raises base dividend by 2% to $0.46
Feb 1610%-Yielding Sixth Street Specialty Lending Is A Buy
Jan 20Sixth Street: You Can Still Get A 10% Yield On Your Purchase
Jan 09Sixth Street Specialty Lending: A 10%-Yielding Gift For Investors
Nov 02Sixth Street Specialty Lending: Buy This 8.6% Yield Before The Rebound
Aug 19Sixth Street Specialty Lending: A Solid BDC At The Right Price
Aug 10Sixth Street Specialty Lending, Inc. raises quarterly base dividend
Aug 03Sleep Well At Night With 8.0% Yielding Sixth Street
May 28Sixth Street Specialty Lending: Have Your Cake And Eat It Too
Mar 19Sixth Street Specialty Lending: Best-Of-Breed BDC With 7.2% Core Yield
Mar 10Sixth Street Specialty Lending: Safe High Yield For A Rich Retirement
Mar 02Buy This Inflation Resistant Dividend Monster: Sixth Street
Dec 19Sixth Street: An Excellent BDC That Gives You Stocking Stuffers
Dec 077.4% Yield Plus Bonus: Buy Sixth Street Specialty Lending
Sep 23Pound For Pound, Sixth Street Is One Of The Best BDCs Around
Jul 13Bag A 7.6% Yield With Sixth Street Specialty Lending
Jun 21Sixth Street Specialty Lending NII misses by $0.03, beats on total investment Income
May 04My Current Top BDC Pick: 7.9%-Yielding Sixth Street Specialty Lending
Dec 20Sixth Street Specialty Lending, Inc. 2020 Q3 - Results - Earnings Call Presentation
Nov 05Financial Position Analysis
Short Term Liabilities: TSLX's short term assets ($72.0M) exceed its short term liabilities ($35.4M).
Long Term Liabilities: TSLX's short term assets ($72.0M) do not cover its long term liabilities ($1.8B).
Debt to Equity History and Analysis
Debt Level: TSLX's net debt to equity ratio (111.8%) is considered high.
Reducing Debt: TSLX's debt to equity ratio has increased from 67.5% to 114.1% over the past 5 years.
Debt Coverage: TSLX's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: TSLX's interest payments on its debt are not well covered by EBIT (2.4x coverage).