BlackRock TCP Capital (TCPC) Operating Interest Expenses (2021 - 2024)
BlackRock TCP Capital (TCPC) recorded Operating Interest Expenses of $19.73 million in Q2 2024, up 60.5% from $12.29 million a year earlier and up 49.1% from the prior quarter.
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Analysis
BlackRock TCP Capital (TCPC) Operating Interest Expenses (2021 - 2024) Analysis & Trends
On a TTM basis, BlackRock TCP Capital's Operating Interest Expenses came in at $56.93 million as of Jun 30, 2024, up 28.0% year-over-year; for FY2023, it was $47.81 million, up 21.5% from FY2022.
- Annual Operating Interest Expenses has a three-year compound annual growth rate of 5.1% (FY2020 to FY2023).
- Across earlier years, Operating Interest Expenses came in at $39.36 million in FY2022 (-4.0%), $40.99 million in FY2021 (-0.6%) and $41.24 million in FY2020.
- The Q2 2024 figure is the highest quarterly Operating Interest Expenses in data going back to Q3 2021.
- On a year-over-year basis, Operating Interest Expenses has increased for seven consecutive quarters, with growth averaging 20.9% over the last eight quarters.
- Peak year-over-year performance for Operating Interest Expenses in the last five years was growth of 60.5% in Q2 2024, against a decline of 3.3% in Q3 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $13.23 million (Q1 2024), $11.84 million (Q4 2023) and $12.13 million (Q3 2023).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Interest Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.26 Bn | 28.94 Bn | - | - |
| 2 | Orix | 42.40 Bn | 42.90 Bn | - | - |
| 3 | Royalty Pharma | 33.56 Bn | 33.47 Bn | - | - |
| 4 | Federal National Mortgage Association Fannie Mae | 24.47 Bn | 24.47 Bn | - | - |
| 5 | Affirm Holdings | 23.34 Bn | 17.03 Bn | - | - |
| 6 | Synchrony Financial | 23.06 Bn | -44.91 Bn | - | - |
| 7 | Royal Gold | 19.98 Bn | 19.21 Bn | 390.45 Mn | - |
| 8 | Annaly Capital Management | 14.18 Bn | 5.27 Bn | - | - |
| 9 | Ares Capital | 13.71 Bn | 11.15 Bn | - | - |
| 10 | BlackRock TCP Capital | 335.61 Mn | -37.26 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2024 | 19.73 Mn |
| Mar 31, 2024 | 13.23 Mn |
| Dec 31, 2023 | 11.84 Mn |
| Sep 30, 2023 | 12.13 Mn |
| Jun 30, 2023 | 12.29 Mn |
| Mar 31, 2023 | 11.55 Mn |
| Dec 31, 2022 | 10.48 Mn |
| Sep 30, 2022 | 10.17 Mn |
| Jun 30, 2022 | 9.37 Mn |
| Mar 31, 2022 | 9.35 Mn |
| Dec 31, 2021 | 9.65 Mn |
| Sep 30, 2021 | 10.52 Mn |
API Access
BlackRock TCP Capital Operating Interest Expenses 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=operating-interest-expenses&ticker=TCPC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-interest-expenses", "ticker": "TCPC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-interest-expenses&ticker=TCPC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();