Capital Southwest Debt-to-Equity Ratio Growth & History (CSWC)
Capital Southwest's debt-to-equity ratio was 1.12 for fiscal 2026.
View full Capital Southwest company overviewCapital Southwest annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2026 | 2026-03-31 | 1.12 | 0.04 | +3.29% |
| 2025 · Dec 31 | 2025-12-31 | 1.08 | −0.03 | −2.91% |
| 2025 · Mar 31 | 2025-03-31 | 1.09 | 0.06 | +6.22% |
| 2024 · Dec 31 | 2024-12-31 | 1.11 | 0.17 | +18.09% |
| 2024 · Mar 31 | 2024-03-31 | 1.02 | −0.06 | −5.57% |
| 2023 · Dec 31 | 2023-12-31 | 0.94 | −0.15 | −13.75% |
| 2023 · Mar 31 | 2023-03-31 | 1.08 | −0.18 | −14.07% |
| 2022 · Dec 31 | 2022-12-31 | 1.09 | — | — |
| 2022 · Mar 31 | 2022-03-31 | 1.26 | — | — |
Capital Southwest quarterly debt-to-equity ratio
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q1 2027 | 2026-06-30 | 1.16 | 0.14 | +14.02% |
| Q4 2026 | 2026-03-31 | 1.12 | 0.04 | +3.29% |
| Q4 2025 · Dec 31 | 2025-12-31 | 1.08 | −0.03 | −2.91% |
| Q2 2026 | 2025-09-30 | 1.10 | 0.10 | +10.20% |
| Q1 2026 | 2025-06-30 | 1.02 | 0.07 | +6.91% |
| Q4 2025 · Mar 31 | 2025-03-31 | 1.09 | 0.06 | +6.22% |
| Q4 2024 · Dec 31 | 2024-12-31 | 1.11 | 0.17 | +18.09% |
| Q2 2025 | 2024-09-30 | 1.00 | −0.12 | −10.88% |
| Q1 2025 | 2024-06-30 | 0.95 | −0.11 | −10.43% |
| Q4 2024 · Mar 31 | 2024-03-31 | 1.02 | −0.06 | −5.57% |
| Q4 2023 · Dec 31 | 2023-12-31 | 0.94 | −0.15 | −13.75% |
| Q2 2024 | 2023-09-30 | 1.12 | −0.16 | −12.28% |
| Q1 2024 | 2023-06-30 | 1.06 | — | — |
| Q4 2023 · Mar 31 | 2023-03-31 | 1.08 | −0.18 | −14.07% |
| Q4 2022 · Dec 31 | 2022-12-31 | 1.09 | — | — |
| Q2 2023 | 2022-09-30 | 1.27 | — | — |
| Q4 2022 · Mar 31 | 2022-03-31 | 1.26 | — | — |
Capital Southwest debt-to-equity ratio trends
Between the periods ended 2022-03-31 and 2026-03-31, Capital Southwest's debt-to-equity ratio decreased from 1.26 to 1.12, a change of −0.14. The latest reported quarter, Q1 2027, shows 1.16.
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.
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.
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