Bain Capital Specialty Finance (Bain Capital Specialty Finance) Cash-to-Debt : 0.04 (As of Mar. 2024)

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What is Bain Capital Specialty Finance Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Bain Capital Specialty Finance's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.04.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Bain Capital Specialty Finance couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for Bain Capital Specialty Finance's Cash-to-Debt or its related term are showing as below:

BCSF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.05 Max: No Debt
Current: 0.04

During the past 8 years, Bain Capital Specialty Finance's highest Cash to Debt Ratio was No Debt. The lowest was 0.02. And the median was 0.05.

BCSF's Cash-to-Debt is ranked worse than
91.14% of 1468 companies
in the Asset Management industry
Industry Median: 5.66 vs BCSF: 0.04

Bain Capital Specialty Finance Cash-to-Debt Historical Data

The historical data trend for Bain Capital Specialty Finance's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Bain Capital Specialty Finance Cash-to-Debt Chart

Bain Capital Specialty Finance Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.02

0.04

0.08

0.04

Bain Capital Specialty Finance Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.02	0.06	0.06	0.04	0.04

Competitive Comparison of Bain Capital Specialty Finance's Cash-to-Debt

For the Asset Management subindustry, Bain Capital Specialty Finance's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Bain Capital Specialty Finance's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Bain Capital Specialty Finance's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Bain Capital Specialty Finance's Cash-to-Debt falls into.

Bain Capital Specialty Finance Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Bain Capital Specialty Finance's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	49.4	/	(0	+	1255.933)
	=	0.04

Bain Capital Specialty Finance's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	48.942	/	(0	+	1357.589)
	=	0.04

Bain Capital Specialty Finance (NYSE:BCSF) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Bain Capital Specialty Finance Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Bain Capital Specialty Finance's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Bain Capital Specialty Finance (Bain Capital Specialty Finance) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Bain Capital Specialty Finance Inc (NYSE:BCSF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

618:Germany

Address

200 Clarendon Street, 37th Floor, Boston, MA, USA, 02116

Website

https://www.baincapitalbdc.com

Bain Capital Specialty Finance Inc is an externally managed, closed-end, non-diversified management investment company. The company has elected to be treated as a business development company (BDC) under the Investment Company Act of 1940. The company is managed by the Advisor, an investment adviser that is registered with the SEC under the Investment Advisers Act. The advisor also provides the administrative services necessary for the company to operate. The primary focus is capitalizing on opportunities within Bain Capital Credit's Senior Direct Lending Strategy which seeks to provide risk-adjusted returns and current income to investors by investing primarily in middle-market companies with between $10.0 million and $150.0 million in annual EBITDA.

Executives

Clare Stack Richer	director	BAIN CAPITAL, LP, 200 CLARENDON STREET, BOSTON MA 02116
Jessica Yeager	officer: Secretary	200 CLARENDON STREET, BOSTON MA 02116
Thomas A. Hough	director	2613 RUTGERS COURT, PLANO TX 75093
Amy S Butte	director	C/O L CATTERTON MANAGEMENT, 599 WEST PUTNAM AVENUE, GREENWICH CT 06830
Michael A Ewald	officer: President and CEO	C/O BAIN CAPITAL CREDIT, LP, 200 CLARENDON STREET, BOSTON MA 02116
Jeffrey B. Hawkins	director	C/O BAIN CAPITAL CREDIT, LP, 200 CLARENDON STREET, BOSTON MA 02116
Sally F Dornaus	officer: Chief Financial Officer	C/O BAIN CAPITAL CREDIT, LP, 200 CLARENDON STREET, BOSTON MA 02116
Jay Margolis	director	C/O BAIN CAPITAL CREDIT, LP, 200 CLARENDON STREET, BOSTON MA 02116
Michael John Boyle	officer: Vice President and Treasurer	C/O BAIN CAPITAL CREDIT, LP, 200 CLARENDON STREET, BOSTON MA 02116
Patrick M. Dury	officer: Chief Financial Officer	200 CLARENDON STREET, BOSTON MA 02116
Michael Bennett Treisman	officer: Vice President and Secretary	C/O BAIN CAPITAL CREDIT, LP, 200 CLARENDON STREET, BOSTON MA 02116
Bain Capital Credit Member, Llc	10 percent owner	200 CLARENDON STREET, BOSTON MA 02116
Bain Capital Distressed & Special Situations 2016 (f), L.p.	10 percent owner	C/O BAIN CAPITAL CREDIT, LP, 200 CLARENDON STREET, BOSTON MA 02116
Bcsf Holdings, L.p.	10 percent owner	C/O BAIN CAPITAL CREDIT, LP, 200 CLARENDON STREET, BOSTON MA 02116
David G Fubini	director	D.G. FUBINI CONSULTANTS, LLC, 80 SEARS ROAD, BROOKLINE MA 02445