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

Sixth Street Specialty Lending (Sixth Street Specialty Lending) Enterprise Value : $3,826.3 Mil (As of Jun. 09, 2024)


View and export this data going back to 2014. Start your Free Trial

What is Sixth Street Specialty Lending Enterprise Value?

Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. This ratio does not apply to banks.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. This ratio does not apply to banks.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Sixth Street Specialty Lending's Enterprise Value is $3,826.3 Mil. Sixth Street Specialty Lending's Revenue for the trailing twelve months (TTM) ended in Mar. 2024 was $272.8 Mil. Therefore, Sixth Street Specialty Lending's EV-to-Revenue ratio for today is 14.03.


Sixth Street Specialty Lending Enterprise Value Historical Data

The historical data trend for Sixth Street Specialty Lending's Enterprise Value 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.

* Premium members only.

Sixth Street Specialty Lending Enterprise Value Chart

Sixth Street Specialty Lending Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Enterprise Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,517.92 2,512.35 2,956.69 2,880.32 3,676.21

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
Enterprise Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3,049.52 3,243.10 3,409.47 3,676.21 3,771.72

Competitive Comparison of Sixth Street Specialty Lending's Enterprise Value

For the Asset Management subindustry, Sixth Street Specialty Lending's Enterprise Value, along with its competitors' market caps and Enterprise Value 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 Enterprise Value Distribution in the Asset Management Industry

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

* The bar in red indicates where Sixth Street Specialty Lending's Enterprise Value falls into.



Sixth Street Specialty Lending Enterprise Value Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

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

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

* 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.


Sixth Street Specialty Lending  (NYSE:TSLX) Enterprise Value Explanation

When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.

If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.

The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.

For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.

Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.

1. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

Sixth Street Specialty Lending's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=3826.305/272.764
=14.03

Sixth Street Specialty Lending's current Enterprise Value is $3,826.3 Mil.
Sixth Street Specialty Lending's Revenue for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $272.8 Mil.

* 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.


Sixth Street Specialty Lending Enterprise Value Related Terms

Thank you for viewing the detailed overview of Sixth Street Specialty Lending's Enterprise Value provided by GuruFocus.com. Please click on the following links to see related term pages.


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

Traded in Other Exchanges
Address
2100 McKinney Avenue, Suite 1500, Dallas, TX, USA, 75201
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

Sixth Street Specialty Lending (Sixth Street Specialty Lending) Headlines

From GuruFocus

Top 5 3rd Quarter Trades of Delphi Financial Group, Inc.

By GuruFocus Research GuruFocus Editor 11-04-2022