Sixth Street Specialty Lending (Sixth Street Specialty Lending) Sloan Ratio % : 0.00% (As of Mar. 2024)

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What is Sixth Street Specialty Lending Sloan Ratio %?

Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.

Sixth Street Specialty Lending's Sloan Ratio for the quarter that ended in Mar. 2024 was 0.00%.

As of Mar. 2024, Sixth Street Specialty Lending has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.

Sixth Street Specialty Lending Sloan Ratio % Historical Data

The historical data trend for Sixth Street Specialty Lending's Sloan Ratio % 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.

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Sixth Street Specialty Lending Sloan Ratio % Chart

Sixth Street Specialty Lending Annual Data

Trend

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Sloan Ratio %

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Sixth Street Specialty Lending Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Sloan Ratio %	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Sixth Street Specialty Lending's Sloan Ratio %

For the Asset Management subindustry, Sixth Street Specialty Lending's Sloan Ratio %, along with its competitors' market caps and Sloan Ratio % 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.

Sixth Street Specialty Lending's Sloan Ratio % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Sixth Street Specialty Lending's Sloan Ratio % distribution charts can be found below:

* The bar in red indicates where Sixth Street Specialty Lending's Sloan Ratio % falls into.

Sixth Street Specialty Lending Sloan Ratio % Calculation

Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.

Sixth Street Specialty Lending's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Sloan Ratio	=	(Net Income (A: Dec. 2023 )	-	Cash Flow from Operations (A: Dec. 2023 )
	-	Cash Flow from Investing (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2023 )
	=	(222.023	-	-236.788
	-	0)	/	3343.808
	=	13.72%

Sixth Street Specialty Lending's Sloan Ratio for the quarter that ended in Mar. 2024 is calculated as

Sloan Ratio	=	(Net Income (TTM)	-	Cash Flow from Operations (TTM))
	-	Cash Flow from Investing (TTM))	/	Total Assets (Q: Mar. 2024 )
	=	(216.589	-	-228.822
	-	0)	/	3452.022
	=	12.90%

Sixth Street Specialty Lending's Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was 53.09 (Jun. 2023 ) + 64.82 (Sep. 2023 ) + 51.161 (Dec. 2023 ) + 47.518 (Mar. 2024 ) = $216.6 Mil.
Sixth Street Specialty Lending's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2024 was -113.077 (Jun. 2023 ) + 36.661 (Sep. 2023 ) + -86.868 (Dec. 2023 ) + -65.538 (Mar. 2024 ) = $-228.8 Mil.
Sixth Street Specialty Lending's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2024 was 0 (Jun. 2023 ) + 0 (Sep. 2023 ) + 0 (Dec. 2023 ) + 0 (Mar. 2024 ) = $0.0 Mil.

Sixth Street Specialty Lending (NYSE:TSLX) Sloan Ratio % Explanation

A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.

According to How to Beat the Market with the Sloan Ratio:

If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.

If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.

If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.

As of Mar. 2024, Sixth Street Specialty Lending has a Sloan Ratio of 0.00%, indicating the company is in the safe zone and there is no funny business with accruals.

Sixth Street Specialty Lending Sloan Ratio % Related Terms

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Sixth Street Specialty Lending (Sixth Street Specialty Lending) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Sixth Street Specialty Lending Inc (NYSE:TSLX) » Definitions » Sloan Ratio %

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1T6:Germany

Address

2100 McKinney Avenue, Suite 1500, Dallas, TX, USA, 75201

Website

https://www.sixthstreetspecialtylending.com

Sixth Street Specialty Lending Inc is a specialty finance company focused on providing flexible, fully committed financing solutions to middle market companies located in the united states of america. It partners with companies across a variety of industries and excel at providing creative solutions to companies with complex business models that may have limited access to capital. The company seeks to generate income in U.S.-domiciled middle-market companies through direct originations of interest income from the investments we hold. In addition, we may generate income from dividends on equity investments, capital gains on the sale of investments and various loan origination and other fees.

Executives

P Emery Covington	director	2100 MCKINNEY AVENUE, SUITE 1500, DALLAS TX 75201
Hurley Doddy	director	301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Michael Graf	officer: Principal Accounting Officer	301 COMMERCE STREET, FORT WORTH TX 76102
Anton Brett	officer: Chief Compliance Officer	C/O SIXTH STREET PARTNERS, LLC, 2100 MCKINNEY AVENUE, SUITE 1500, DALLAS TX 75201
Steven Pluss	officer: Vice President	C/O TPG GLOBAL, LLC, 301 COMMERCE STREET, FORT WORTH TX 76102
Joshua Peck	officer: Vice President	C/O SIXTH STREET PARTNERS, LLC, 2100 MCKINNEY AVENUE, SUITE 1500, DALLAS TX 75201
Jennifer Gordon	officer: Chief Compliance Officer	C/O TPG GLOBAL, 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Ian Simmonds	officer: Chief Financial Officer	301 COMMERCE STREET, FORT WORTH TX 76102
Judy S Slotkin	director	888 PARK AVENUE, NEW YORK NY 10021
Richard A Higginbotham	director	FLEETBOSTON FINANCIAL CORP, 100 FEDERAL STREET, BOSTON MA 02110
Joshua Easterly	director, officer: Vice President	301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
John Ross	director	830 PARK AVENUE, APARTMENT 11B, NEW YORK NY 10021
Kenneth Joseph Burke	officer: Chief Compliance Officer	301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102
Robert J. Stanley	officer: President	301 COMMERCE STREET, FORT WORTH TX 76102
Ronald Tanemura	director	1010 36TH AVENUE EAST, SEATTLE WA 98112