BlackRock TCP Capital (TCPC) Debt Ratio (2021 - 2026)
BlackRock TCP Capital's (TCPC) quarterly Debt Ratio came in at 0.61 in Q1 2026, up 5.98% YoY from 0.58 in Q1 2025, and down 2.25% on a QoQ basis from 0.63 in Q4 2025.
BlackRock TCP Capital (TCPC) Debt Ratio (2021 - 2026) Analysis & Trends
BlackRock TCP Capital (TCPC) has 6 years of Debt Ratio data on file, last reported at 0.61 in Q1 2026.
- Quarterly Debt Ratio rose 5.98% year-over-year to 0.61 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.61 (up 5.98% YoY) and the FY2025 annual result came in at 0.63, up 7.9% from the prior year.
- Debt Ratio slipped to 0.61 in Q1 2026, from 0.63 in the prior quarter.
- In the past five years, Debt Ratio ranged from a high of 0.63 in Q4 2025 to a low of 0.54 in Q3 2022.
- A 5-year average of 0.58 and a median of 0.58 in 2025 frame the typical range for Debt Ratio.
- Annual changes were most pronounced in 2024 — Debt Ratio advanced 0.02% — and 2025, when it climbed 7.9%.
- Tracing TCPC's Debt Ratio over 5 years: stood at 0.55 in 2022, then climbed by 5.63% to 0.58 in 2023, then advanced by 0.28% to 0.58 in 2024, then climbed by 7.9% to 0.63 in 2025, then slipped by 2.25% to 0.61 in 2026.
- The last three Debt Ratio figures came in at 0.61 (Q1 2026), 0.63 (Q4 2025), and 0.58 (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 176.99 Bn | 163.12 Bn | - | 0.12 |
| 2 | Blackstone | 113.16 Bn | 110.65 Bn | - | 0.26 |
| 3 | Kkr | 96.05 Bn | -181.02 Bn | - | - |
| 4 | Brookfield | 92.54 Bn | 45.14 Bn | - | 0.03 |
| 5 | Brookfield Asset Management | 82.31 Bn | 80.81 Bn | - | 0.17 |
| 6 | Apollo Global Management | 77.14 Bn | 51.77 Bn | 10.54 Bn | 0.03 |
| 7 | State Street | 50.64 Bn | 50.64 Bn | - | - |
| 8 | Ameriprise Financial | 50.31 Bn | 39.27 Bn | 4.72 Bn | 0.00 |
| 9 | Northern Trust | 33.61 Bn | 33.61 Bn | - | 0.05 |
| 10 | BlackRock TCP Capital | 339.02 Mn | 181.47 Mn | - | 0.62 |
Historic Data
Download 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 |