Blackstone Secured Lending Fund annual debt-to-equity ratio
2021
2022
2023
2024
2025
Blackstone Secured Lending Fund Debt-to-Equity Ratio Growth & History (BXSL)
Blackstone Secured Lending Fund's debt-to-equity ratio was 1.29 for fiscal 2025.
View full Blackstone Secured Lending Fund company overviewBlackstone Secured Lending Fund annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 1.29 | 0.13 | +11.42% |
| 2024 | 2024-12-31 | 1.16 | 0.17 | +17.07% |
| 2023 | 2023-12-31 | 0.99 | −0.34 | −25.37% |
| 2022 | 2022-12-31 | 1.33 | 0.09 | +7.50% |
| 2021 | 2021-12-31 | 1.24 | — | — |
Blackstone Secured Lending Fund quarterly debt-to-equity ratio
Q4.21
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 1.27 | 0.14 | +12.54% |
| Q1 2026 | 2026-03-31 | 1.32 | 0.13 | +11.33% |
| Q4 2025 | 2025-12-31 | 1.29 | 0.13 | +11.42% |
| Q3 2025 | 2025-09-30 | 1.22 | 0.10 | +8.97% |
| Q2 2025 | 2025-06-30 | 1.13 | −0.00 | −0.02% |
| Q1 2025 | 2025-03-31 | 1.18 | 0.16 | +15.65% |
| Q4 2024 | 2024-12-31 | 1.16 | 0.17 | +17.07% |
| Q3 2024 | 2024-09-30 | 1.12 | 0.04 | +3.95% |
| Q2 2024 | 2024-06-30 | 1.13 | −0.02 | −1.44% |
| Q1 2024 | 2024-03-31 | 1.02 | −0.28 | −21.37% |
| Q4 2023 | 2023-12-31 | 0.99 | −0.34 | −25.37% |
| Q3 2023 | 2023-09-30 | 1.08 | −0.24 | −18.47% |
| Q2 2023 | 2023-06-30 | 1.14 | — | — |
| Q1 2023 | 2023-03-31 | 1.30 | — | — |
| Q4 2022 | 2022-12-31 | 1.33 | 0.09 | +7.50% |
| Q3 2022 | 2022-09-30 | 1.32 | — | — |
| Q4 2021 | 2021-12-31 | 1.24 | — | — |
Blackstone Secured Lending Fund debt-to-equity ratio trends
Between the periods ended 2021-12-31 and 2025-12-31, Blackstone Secured Lending Fund's debt-to-equity ratio increased from 1.24 to 1.29, a change of 0.06. The latest reported quarter, Q2 2026, shows 1.27.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Blackstone Secured Lending Fund source filings ↗