Blackstone Secured Lending Fund (Blackstone Secured Lending Fund) Cash-to-Debt : 0.03 (As of Mar. 2024)

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What is Blackstone Secured Lending Fund 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. Blackstone Secured Lending Fund's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.03.

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, Blackstone Secured Lending Fund 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 Blackstone Secured Lending Fund's Cash-to-Debt or its related term are showing as below:

BXSL' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.03 Max: 0.17
Current: 0.03

During the past 6 years, Blackstone Secured Lending Fund's highest Cash to Debt Ratio was 0.17. The lowest was 0.02. And the median was 0.03.

BXSL's Cash-to-Debt is ranked worse than
92.89% of 1449 companies
in the Asset Management industry
Industry Median: 5.79 vs BXSL: 0.03

Blackstone Secured Lending Fund Cash-to-Debt Historical Data

The historical data trend for Blackstone Secured Lending Fund'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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Blackstone Secured Lending Fund Cash-to-Debt Chart

Blackstone Secured Lending Fund Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.05

0.09

0.02

0.03

Blackstone Secured Lending Fund 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	0.03	0.03	0.03	0.03

Competitive Comparison of Blackstone Secured Lending Fund's Cash-to-Debt

For the Asset Management subindustry, Blackstone Secured Lending Fund'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.

Blackstone Secured Lending Fund's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Blackstone Secured Lending Fund's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Blackstone Secured Lending Fund's Cash-to-Debt falls into.

Blackstone Secured Lending Fund 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.

Blackstone Secured Lending Fund'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)
	=	154.857	/	(0	+	4911.93)
	=	0.03

Blackstone Secured Lending Fund'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)
	=	147.656	/	(0	+	5274.114)
	=	0.03

Blackstone Secured Lending Fund (NYSE:BXSL) 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.

Blackstone Secured Lending Fund Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Blackstone Secured Lending Fund's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Blackstone Secured Lending Fund (Blackstone Secured Lending Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Blackstone Secured Lending Fund (NYSE:BXSL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

GM8:Germany

Address

345 Park Avenue, 31st Floor, New York, NY, USA, 10154

Website

https://www.bxsl.com

Blackstone Secured Lending Fund is a non-diversified, closed-end management investment company. The investment objectives of the company are to generate current income and, to a lesser extent, long-term capital appreciation. The company seeks to achieve its investment objectives primarily through originated loans and other securities, including syndicated loans, of private U.S. companies, typically in the form of first lien senior secured and unitranche loans, and unsecured and subordinated loans and other debt and equity securities.

Executives

Oran Ebel	officer: See Remarks	345 PARK AVENUE, 31ST FLOOR, NEW YORK NY 10154
Carlos Whitaker	officer: President	345 PARK AVE, NEW YORK NY 10154
Edward Desloge	officer: See Remarks	345 PARK AVENUE, 31ST FLOOR, NEW YORK NY 10154
Kris Corbett	officer: See Remarks	345 PARK AVENUE, 31ST FLOOR, NEW YORK NY 10154
Matthew Alcide	officer: See Remarks	345 PARK AVENUE, 31ST FLOOR, NEW YORK NY 10154
Stacy Wang	officer: See Remarks	345 PARK AVENUE, 31ST FLOOR, NEW YORK NY 10154
Jonathan Bock	officer: See Remarks	BARINGS LLC, 300 SOUTH TRYON STREET, SUITE 2500, CHARLOTTE NC 28202
Brad Marshall	officer: CEO, other: Trustee	1290 BROADWAY, SUITE 1100, DENVER CO 80203
Katherine Rubenstein	officer: Chief Operating Officer	345 PARK AVE, NEW YORK NY 10154
Kevin Jr. Kresge	officer: See Remarks	345 PARK AVENUE, 31ST FLOOR, NEW YORK NY 10154
William J Renahan	officer: See Remarks	399 PARK AVENUE, 4TH FLOOR, NEW YORK NY 10022
Abby Miller	officer: See Remarks	C/O BLACKROCK CAPITAL INVESTMENT CORP, 40 EAST 52ND STREET, NEW YORK NY 10022
Michelle Greene	other: Trustee	345 PARK AVENUE, NEW YORK NY 10154
David Henry Goldberg	officer: See Remarks	345 PARK AVE, NEW YORK NY 10154
Robert J Bass	other: Trustee	C/O GROUPON, INC., 600 WEST CHICAGO AVENUE, SUITE 620, CHICAGO IL 60654