Oaktree Specialty Lending (OCSL) Debt to Equity (2022 - 2026)

Oaktree Specialty Lending's (OCSL) quarterly Debt to Equity came in at $0.39 in Q1 2026, up 10.84% year-on-year from $0.35 in Q1 2025, and down 40.62% quarter-over-quarter from $0.66 in Q4 2025.

Oaktree Specialty Lending (OCSL) Debt to Equity (2022 - 2026) Analysis & Trends

Oaktree Specialty Lending has disclosed Debt to Equity across 5 years of filings, most recently posting $0.39 for Q1 2026.

  • Debt to Equity for Q1 2026 came in at $0.39, up 10.84% year-over-year; the trailing twelve-month figure through Mar 2026 was $0.39 (up 10.84% YoY), and the FY2025 annual result was $0.64, up 2.94% from the prior year.
  • Debt to Equity came in at $0.39 for Q1 2026 at Oaktree Specialty Lending, down from $0.66 in the prior quarter.
  • In the past five years, Debt to Equity ranged from a high of $0.72 in Q4 2022 to a low of $0.35 in Q1 2025.
  • The 5-year median for Debt to Equity is $0.56 (2022), against an average of $0.54.
  • Across the five-year window, Debt to Equity jumped 33.26% in 2024 and retreated 26.4% in 2025, its largest moves.
  • Oaktree Specialty Lending's Debt to Equity stood at $0.72 in 2022, then declined by 15.61% to $0.6 in 2023, then gained by 4.85% to $0.63 in 2024, then advanced by 3.94% to $0.66 in 2025, then slumped by 40.62% to $0.39 in 2026.
  • The last three Debt to Equity figures came in at $0.39 (Q1 2026), $0.66 (Q4 2025), and $0.64 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 BlackRock 160.20 Bn 150.57 Bn - 0.14
2 Blackstone 96.40 Bn 95.35 Bn - 1.59
3 Kkr 85.87 Bn 133.39 Bn - -
4 Apollo Global Management 79.90 Bn 98.63 Bn 5.04 Bn -
5 State Street 46.62 Bn 20.95 Bn - -
6 Ameriprise Financial 42.78 Bn 42.65 Bn 4.57 Bn 0.03
7 Northern Trust 32.35 Bn 32.35 Bn - 0.60
8 Ares Management 30.25 Bn 33.62 Bn - -
9 Raymond James Financial 30.24 Bn 18.99 Bn - 0.28
10 Oaktree Specialty Lending 1.07 Bn 1.01 Bn - 0.39

Historic Data

Download Data
DateValue
Mar 31, 2026 0.39
Dec 31, 2025 0.66
Sep 30, 2025 0.64
Jun 30, 2025 0.63
Mar 31, 2025 0.35
Dec 31, 2024 0.63
Sep 30, 2024 0.62
Jun 30, 2024 0.53
Mar 31, 2024 0.48
Dec 31, 2023 0.60
Sep 30, 2023 0.47
Jun 30, 2023 0.40
Mar 31, 2023 0.40
Dec 31, 2022 0.72
Sep 30, 2022 0.56