BlackRock TCP Capital (TCPC) Debt Ratio (2021 - 2026)
BlackRock TCP Capital's (TCPC) quarterly Debt Ratio came in at 0.62 in Q2 2026, up 1.7% on a YoY basis from 0.61 in Q2 2025, and up 0.56% quarter-over-quarter from 0.61 in Q1 2026.
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Analysis
BlackRock TCP Capital (TCPC) Debt Ratio (2021 - 2026) Analysis & Trends
BlackRock TCP Capital (TCPC) has reported Debt Ratio for 6 consecutive years, with 0.62 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Debt Ratio rose 1.7% year-over-year to 0.62; the trailing twelve-month figure through Jun 2026 stood at 0.62 (up 1.7% YoY), and the FY2025 full-year result was 0.63, up 7.9% from the prior year.
- Debt Ratio climbed to 0.62 in Q2 2026 per TCPC's latest filing, from 0.61 in the prior quarter.
- Across five years, Debt Ratio topped out at 0.63 in Q4 2025 and bottomed at 0.54 in Q3 2022.
- Historically, Debt Ratio has averaged 0.58 across 5 years, with a median of 0.58 in 2025.
- The sharpest annual moves came in 2024 and 2025: Debt Ratio climbed 0.02% in 2024, then grew 7.9% in 2025.
- Over 5 years, Debt Ratio stood at 0.55 in 2022, then increased by 5.63% to 0.58 in 2023, then grew by 0.28% to 0.58 in 2024, then increased by 7.9% to 0.63 in 2025, then retreated by 1.71% to 0.62 in 2026.
- According to Business Quant data, Debt Ratio over the past three periods registered 0.62, 0.61, and 0.63 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Ares Capital | 14.12 Bn | 13.73 Bn | - | 0.52 |
| 2 | Blackstone Secured Lending Fund | 5.69 Bn | 5.42 Bn | - | 0.55 |
| 3 | Blue Owl Capital | 5.52 Bn | 5.28 Bn | - | 0.51 |
| 4 | Main Street Capital | 5.26 Bn | 5.20 Bn | - | 0.43 |
| 5 | Blue Owl Technology Finance | 5.05 Bn | 4.84 Bn | - | 0.48 |
| 6 | Hercules Capital | 4.64 Bn | 4.59 Bn | - | 0.50 |
| 7 | FS KKR Capital | 3.37 Bn | 3.27 Bn | - | 0.54 |
| 8 | Golub Capital Bdc | 3.34 Bn | 3.30 Bn | - | 0.54 |
| 9 | PennantPark Floating Rate Capital | 2.48 Bn | -129.09 Mn | - | 0.24 |
| 10 | BlackRock TCP Capital | 338.60 Mn | 181.05 Mn | - | 0.62 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.62 |
| Mar 31, 2026 | 0.61 |
| Dec 31, 2025 | 0.63 |
| Sep 30, 2025 | 0.58 |
| Jun 30, 2025 | 0.61 |
| Mar 31, 2025 | 0.58 |
| Dec 31, 2024 | 0.58 |
| Sep 30, 2024 | 0.57 |
| Jun 30, 2024 | 0.60 |
| Mar 31, 2024 | 0.57 |
| Dec 31, 2023 | 0.58 |
| Sep 30, 2023 | 0.56 |
| Jun 30, 2023 | 0.57 |
| Mar 31, 2023 | 0.57 |
| Dec 31, 2022 | 0.55 |
| Sep 30, 2022 | 0.54 |
| Dec 31, 2021 | 0.53 |