Saratoga Investment (SAJ) Debt Ratio (2022 - 2026)
Saratoga Investment's (SAJ) quarterly Debt Ratio came in at 0.51 in Q2 2026, up 156.47% year-over-year from 0.2 in Q2 2025, and up 277.87% quarter-over-quarter from 0.14 in Q1 2026.
Analysis
Saratoga Investment (SAJ) Debt Ratio (2022 - 2026) Analysis & Trends
Saratoga Investment has disclosed Debt Ratio across 5 years of filings, most recently posting 0.51 for Q2 2026.
- In Q2 2026, Debt Ratio rose 156.47% year-over-year to 0.51; the TTM figure through May 2026 stood at 0.51 (up 156.47% YoY), while the FY2026 annual figure was 0.14, down 66.05% from the prior year.
- Debt Ratio came in at 0.51 for Q2 2026 at Saratoga Investment, up from 0.14 in the prior quarter.
- In the past five years, Debt Ratio ranged from a high of 0.51 in Q2 2026 to a low of 0.01 in Q1 2022.
- Average Debt Ratio over 5 years is 0.18, with a median of 0.13 recorded in 2023.
- Year-over-year, Debt Ratio jumped 944.18% in 2023 and plunged 67.19% in 2024.
- Over 5 years, Debt Ratio stood at 0.22 in 2022, then slumped by 40.33% to 0.13 in 2023, then plunged by 66.55% to 0.04 in 2024, then soared by 180.28% to 0.12 in 2025, then soared by 324.39% to 0.51 in 2026.
- Per Business Quant data, the three most recent Debt Ratio figures were 0.51 in Q2 2026, 0.14 in Q1 2026, and 0.12 in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Ares Capital | 14.14 Bn | 13.76 Bn | - | 0.52 |
| 2 | Blackstone Secured Lending Fund | 5.70 Bn | 5.44 Bn | - | 0.55 |
| 3 | Blue Owl Capital | 5.54 Bn | 5.30 Bn | - | 0.51 |
| 4 | Main Street Capital | 5.29 Bn | 5.23 Bn | - | 0.43 |
| 5 | Blue Owl Technology Finance | 5.08 Bn | 4.87 Bn | - | 0.48 |
| 6 | Hercules Capital | 4.65 Bn | 4.60 Bn | - | 0.50 |
| 7 | FS KKR Capital | 3.42 Bn | 3.31 Bn | - | 0.54 |
| 8 | Golub Capital Bdc | 3.32 Bn | 3.27 Bn | - | 0.54 |
| 9 | PennantPark Floating Rate Capital | 2.48 Bn | -127.01 Mn | - | 0.24 |
| 10 | Saratoga Investment | 409.08 Mn | 33.71 Mn | - | 0.51 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 0.51 |
| Feb 28, 2026 | 0.14 |
| Nov 30, 2025 | 0.12 |
| Aug 31, 2025 | 0.41 |
| May 31, 2025 | 0.20 |
| Feb 28, 2025 | 0.40 |
| Aug 31, 2024 | 0.04 |
| May 31, 2024 | 0.10 |
| Feb 29, 2024 | 0.13 |
| Nov 30, 2023 | 0.13 |
| Aug 31, 2023 | 0.13 |
| May 31, 2023 | 0.06 |
| Feb 28, 2023 | 0.15 |
| Nov 30, 2022 | 0.22 |
| Aug 31, 2022 | 0.10 |
| Feb 28, 2022 | 0.01 |