Blackstone Secured Lending Fund annual net debt
2021
2022
2023
2024
2025
Blackstone Secured Lending Fund Net Debt Growth & History (BXSL)
Blackstone Secured Lending Fund's net debt was $7.79B for fiscal 2025.
View full Blackstone Secured Lending Fund company overviewBlackstone Secured Lending Fund annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $7.79B | $964.0M | +14.12% |
| 2024 | 2024-12-31 | $6.83B | $2.07B | +43.50% |
| 2023 | 2023-12-31 | $4.76B | −$639.4M | −11.85% |
| 2022 | 2022-12-31 | $5.40B | $689,000 | +0.01% |
| 2021 | 2021-12-31 | $5.40B | — | — |
Blackstone Secured Lending Fund quarterly net debt
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 | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $7.27B | $452.0M | +6.63% |
| Q1 2026 | 2026-03-31 | $7.68B | $1.26B | +19.70% |
| Q4 2025 | 2025-12-31 | $7.79B | $964.0M | +14.12% |
| Q3 2025 | 2025-09-30 | $7.41B | $1.21B | +19.57% |
| Q2 2025 | 2025-06-30 | $6.82B | $1.02B | +17.67% |
| Q1 2025 | 2025-03-31 | $6.42B | $1.29B | +25.20% |
| Q4 2024 | 2024-12-31 | $6.83B | $2.07B | +43.50% |
| Q3 2024 | 2024-09-30 | $6.19B | $1.38B | +28.62% |
| Q2 2024 | 2024-06-30 | $5.79B | $962.4M | +19.92% |
| Q1 2024 | 2024-03-31 | $5.13B | −$222.4M | −4.16% |
| Q4 2023 | 2023-12-31 | $4.76B | −$639.4M | −11.85% |
| Q3 2023 | 2023-09-30 | $4.82B | −$564.9M | −10.50% |
| Q2 2023 | 2023-06-30 | $4.83B | — | — |
| Q1 2023 | 2023-03-31 | $5.35B | — | — |
| Q4 2022 | 2022-12-31 | $5.40B | $689,000 | +0.01% |
| Q3 2022 | 2022-09-30 | $5.38B | — | — |
| Q4 2021 | 2021-12-31 | $5.40B | — | — |
Blackstone Secured Lending Fund net debt trends
Between the periods ended 2021-12-31 and 2025-12-31, Blackstone Secured Lending Fund's net debt increased from $5.40B to $7.79B, a change of $2.39B. The latest reported quarter, Q2 2026, shows $7.27B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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