Blackstone Secured Lending Fund (BXSL) Debt Ratio (2021 - 2026)
Blackstone Secured Lending Fund's (BXSL) quarterly Debt Ratio came in at 0.55 in Q2 2026, up 5.68% on a YoY basis from 0.52 in Q2 2025, and down 1.79% quarter-over-quarter from 0.56 in Q1 2026.
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Analysis
Blackstone Secured Lending Fund (BXSL) Debt Ratio (2021 - 2026) Analysis & Trends
Blackstone Secured Lending Fund (BXSL) has reported Debt Ratio for 6 consecutive years, with 0.55 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Debt Ratio rose 5.68% year-over-year to 0.55; the trailing twelve-month figure through Jun 2026 stood at 0.55 (up 5.68% YoY), and the FY2025 full-year result was 0.55, up 5.26% from the prior year.
- Debt Ratio eased to 0.55 in Q2 2026 per BXSL's latest filing, from 0.56 in the prior quarter.
- Across five years, Debt Ratio topped out at 0.56 in Q4 2022 and bottomed at 0.48 in Q4 2023.
- Historically, Debt Ratio has averaged 0.53 across 5 years, with a median of 0.53 in 2024.
- The sharpest annual moves came in 2023 and 2024: Debt Ratio slipped 13.12% in 2023, then advanced 8.06% in 2024.
- Over 5 years, Debt Ratio stood at 0.56 in 2022, then retreated by 13.12% to 0.48 in 2023, then rose by 8.06% to 0.52 in 2024, then increased by 5.26% to 0.55 in 2025, then retreated by 0.86% to 0.55 in 2026.
- According to Business Quant data, Debt Ratio over the past three periods registered 0.55, 0.56, and 0.55 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Ares Capital | 14.12 Bn | 13.73 Bn | - | 0.52 |
| 2 | Blackstone Secured Lending Fund | 5.69 Bn | 5.42 Bn | - | 0.55 |
| 3 | Blue Owl Capital | 5.52 Bn | 5.28 Bn | - | 0.51 |
| 4 | Main Street Capital | 5.26 Bn | 5.20 Bn | - | 0.43 |
| 5 | Blue Owl Technology Finance | 5.05 Bn | 4.84 Bn | - | 0.48 |
| 6 | Hercules Capital | 4.64 Bn | 4.59 Bn | - | 0.50 |
| 7 | FS KKR Capital | 3.37 Bn | 3.27 Bn | - | 0.54 |
| 8 | Golub Capital Bdc | 3.34 Bn | 3.30 Bn | - | 0.54 |
| 9 | PennantPark Floating Rate Capital | 2.48 Bn | -129.09 Mn | - | 0.24 |
| 10 | MidCap Financial Investment | 2.07 Bn | 2.03 Bn | - | 0.61 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.55 |
| Mar 31, 2026 | 0.56 |
| Dec 31, 2025 | 0.55 |
| Sep 30, 2025 | 0.54 |
| Jun 30, 2025 | 0.52 |
| Mar 31, 2025 | 0.53 |
| Dec 31, 2024 | 0.52 |
| Sep 30, 2024 | 0.52 |
| Jun 30, 2024 | 0.52 |
| Mar 31, 2024 | 0.49 |
| Dec 31, 2023 | 0.48 |
| Sep 30, 2023 | 0.51 |
| Jun 30, 2023 | 0.52 |
| Mar 31, 2023 | 0.55 |
| Dec 31, 2022 | 0.56 |
| Sep 30, 2022 | 0.56 |
| Dec 31, 2021 | 0.54 |