Blackstone Secured Lending Fund (BXSL) Interest Coverage Ratio (2021 - 2026)
Blackstone Secured Lending Fund's (BXSL) quarterly Interest Coverage Ratio came in at 1.55 in Q1 2026, down 21.07% YoY from 1.96 in Q1 2025, and down 9.35% on a QoQ basis from 1.71 in Q4 2025.
Blackstone Secured Lending Fund (BXSL) Interest Coverage Ratio (2021 - 2026) Analysis & Trends
Blackstone Secured Lending Fund (BXSL) has 6 years of Interest Coverage Ratio data on file, last reported at 1.55 in Q1 2026.
- Quarterly Interest Coverage Ratio fell 21.07% year-over-year to 1.55 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 1.71 (down 19.07% YoY) and the FY2025 annual result came in at 1.94, down 10.64% from the prior year.
- Interest Coverage Ratio declined to 1.55 in Q1 2026, from 1.71 in the prior quarter.
- In the past five years, Interest Coverage Ratio ranged from a high of 3.11 in Q4 2023 to a low of 1.55 in Q1 2026.
- A 5-year average of 2.1 and a median of 1.96 in 2025 frame the typical range for Interest Coverage Ratio.
- Annual changes were most pronounced in 2024 — Interest Coverage Ratio surged 35.85% — and 2025, when it tumbled 36.79%.
- Tracing BXSL's Interest Coverage Ratio over 5 years: stood at 2.48 in 2022, then advanced by 25.44% to 3.11 in 2023, then dropped by 13.2% to 2.7 in 2024, then plunged by 36.79% to 1.71 in 2025, then decreased by 9.35% to 1.55 in 2026.
- The last three Interest Coverage Ratio figures came in at 1.55 (Q1 2026), 1.71 (Q4 2025), and 1.71 (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 176.99 Bn | 163.12 Bn | - | 18.37 |
| 2 | Blackstone | 113.16 Bn | 110.65 Bn | - | 20.37 |
| 3 | Kkr | 96.05 Bn | -181.02 Bn | - | 2.90 |
| 4 | Brookfield | 92.54 Bn | 45.14 Bn | - | - |
| 5 | Brookfield Asset Management | 82.31 Bn | 80.81 Bn | - | 26.17 |
| 6 | Apollo Global Management | 77.14 Bn | 51.77 Bn | 10.54 Bn | 60.80 |
| 7 | State Street | 50.64 Bn | 50.64 Bn | - | 1.70 |
| 8 | Ameriprise Financial | 50.31 Bn | 39.27 Bn | 4.72 Bn | 7.22 |
| 9 | Northern Trust | 33.61 Bn | 33.61 Bn | - | 1.70 |
| 10 | Blackstone Secured Lending Fund | 5.75 Bn | 5.48 Bn | - | 1.76 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.76 |
| Mar 31, 2026 | 1.55 |
| Dec 31, 2025 | 1.71 |
| Sep 30, 2025 | 1.71 |
| Jun 30, 2025 | 1.91 |
| Mar 31, 2025 | 1.96 |
| Dec 31, 2024 | 2.70 |
| Sep 30, 2024 | 1.79 |
| Jun 30, 2024 | 2.24 |
| Mar 31, 2024 | 2.33 |
| Dec 31, 2023 | 3.11 |
| Sep 30, 2023 | 2.08 |
| Jun 30, 2023 | 2.59 |
| Mar 31, 2023 | 1.71 |
| Dec 31, 2022 | 2.48 |
| Sep 30, 2022 | 1.89 |
| Jun 30, 2022 | 2.33 |
| Mar 31, 2022 | 1.67 |
| Dec 31, 2021 | 3.02 |
| Sep 30, 2021 | 1.86 |