Carlyle Secured Lending (CGBD) Non-Current Debt (2021 - 2026)
Carlyle Secured Lending (CGBD) reported Non-Current Debt of $1.17 billion for Q2 2026, up 189.9% from $402 million a year earlier and up 78.6% from the prior quarter.
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Analysis
Carlyle Secured Lending (CGBD) Non-Current Debt (2021 - 2026) Analysis & Trends
At the end of FY2025, Carlyle Secured Lending posted Non-Current Debt of $589 million, up 176.0% from FY2024.
- Non-Current Debt has a five-year compound annual growth rate of 11.1% (FY2020 to FY2025).
- By year, Non-Current Debt came in at $213.44 million in FY2024 (-18.0%), $260.36 million in FY2023 (-40.9%), $440.44 million in FY2022 (+8.0%) and $407.66 million in FY2021 (+17.2%).
- The Q2 2026 figure ranks as the highest quarterly Non-Current Debt in data going back to Q3 2021.
- Year over year, Non-Current Debt has now increased in each of the last six quarters, with growth averaging 85.6% over the last eight quarters.
- The high point for year-over-year Non-Current Debt in five years was Q2 2026 (growth of 189.9%); the low point was Q1 2024 (a decline of 48.6%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $652.5 million (Q1 2026), $589 million (Q4 2025) and $549 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Non-Current Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.26 Bn | 28.94 Bn | - | 16.64 Bn |
| 2 | Orix | 42.40 Bn | 42.90 Bn | - | 35.93 Bn |
| 3 | Royalty Pharma | 33.56 Bn | 33.47 Bn | - | 8.58 Bn |
| 4 | Federal National Mortgage Association Fannie Mae | 24.47 Bn | 24.47 Bn | - | - |
| 5 | Affirm Holdings | 23.34 Bn | 17.03 Bn | - | 3.33 Bn |
| 6 | Synchrony Financial | 23.06 Bn | -44.91 Bn | - | 7.52 Bn |
| 7 | Royal Gold | 19.98 Bn | 19.21 Bn | 390.45 Mn | 395.89 Mn |
| 8 | Annaly Capital Management | 14.18 Bn | 5.27 Bn | - | 34.37 Bn |
| 9 | Ares Capital | 13.71 Bn | 11.15 Bn | - | - |
| 10 | Carlyle Secured Lending | 739.33 Mn | 464.47 Mn | - | 1.17 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.17 Bn |
| Mar 31, 2026 | 652.50 Mn |
| Dec 31, 2025 | 589.00 Mn |
| Sep 30, 2025 | 549.00 Mn |
| Jun 30, 2025 | 402.00 Mn |
| Mar 31, 2025 | 430.00 Mn |
| Dec 31, 2024 | 213.44 Mn |
| Sep 30, 2024 | 197.59 Mn |
| Jun 30, 2024 | 236.25 Mn |
| Mar 31, 2024 | 234.33 Mn |
| Dec 31, 2023 | 260.36 Mn |
| Sep 30, 2023 | 366.26 Mn |
| Jun 30, 2023 | 400.24 Mn |
| Mar 31, 2023 | 455.86 Mn |
| Dec 31, 2022 | 440.44 Mn |
| Sep 30, 2022 | 423.96 Mn |
| Jun 30, 2022 | 443.40 Mn |
| Mar 31, 2022 | 359.68 Mn |
| Dec 31, 2021 | 407.66 Mn |
| Sep 30, 2021 | 425.55 Mn |
API Access
Carlyle Secured Lending Non-Current Debt API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=non-current-debt&ticker=CGBD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "non-current-debt", "ticker": "CGBD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=non-current-debt&ticker=CGBD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();