Carlyle Secured Lending (CGBD) Total Debt (2021 - 2026)
Carlyle Secured Lending's Total Debt came in at $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) Total Debt (2021 - 2026) Analysis & Trends
At the end of FY2025, Carlyle Secured Lending's Total Debt was $589 million, up 176.0% from FY2024.
- Total Debt carries a five-year compound annual growth rate of 11.1% (FY2020 to FY2025).
- Going back by year, Total Debt was $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 represents the highest quarterly Total Debt in data going back to Q3 2021.
- Year-over-year, Total Debt has increased for six consecutive quarters, with growth averaging 85.6% over the last eight quarters.
- The fastest year-over-year change in Total Debt over five years came in Q2 2026 (growth of 189.9%), and the weakest in Q1 2024 (a decline of 48.6%).
- Business Quant data shows CGBD's Total Debt at $652.5 million (Q1 2026), $589 million (Q4 2025) and $549 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.26 Bn | 28.94 Bn | - | 16.64 Bn |
| 2 | Orix | 42.40 Bn | 42.90 Bn | - | 39.58 Bn |
| 3 | Royalty Pharma | 33.56 Bn | 33.47 Bn | - | 8.96 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 Total 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=total-debt&ticker=CGBD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-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=total-debt&ticker=CGBD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();