Sixth Street Specialty Lending Debt-to-Equity Ratio Growth & History (TSLX)
Sixth Street Specialty Lending's debt-to-equity ratio was 1.08 for fiscal 2025.
View full Sixth Street Specialty Lending company overviewSixth Street Specialty Lending annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 1.08 | −0.10 | −8.32% |
| 2024 | 2024-12-31 | 1.18 | −0.01 | −0.60% |
| 2023 | 2023-12-31 | 1.19 | 0.12 | +10.70% |
| 2022 | 2022-12-31 | 1.07 | 0.15 | +15.62% |
| 2021 | 2021-12-31 | 0.93 | — | — |
Sixth Street Specialty Lending quarterly debt-to-equity ratio
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 1.24 | 0.18 | +16.47% |
| Q1 2026 | 2026-03-31 | 1.17 | 0.02 | +1.47% |
| Q4 2025 | 2025-12-31 | 1.08 | −0.10 | −8.32% |
| Q3 2025 | 2025-09-30 | 1.13 | −0.04 | −3.30% |
| Q2 2025 | 2025-06-30 | 1.07 | −0.00 | −0.36% |
| Q1 2025 | 2025-03-31 | 1.15 | 0.01 | +1.01% |
| Q4 2024 | 2024-12-31 | 1.18 | −0.01 | −0.60% |
| Q3 2024 | 2024-09-30 | 1.17 | 0.08 | +7.21% |
| Q2 2024 | 2024-06-30 | 1.07 | −0.04 | −3.62% |
| Q1 2024 | 2024-03-31 | 1.14 | −0.01 | −1.05% |
| Q4 2023 | 2023-12-31 | 1.19 | 0.12 | +10.70% |
| Q3 2023 | 2023-09-30 | 1.09 | −0.00 | −0.44% |
| Q2 2023 | 2023-06-30 | 1.11 | — | — |
| Q1 2023 | 2023-03-31 | 1.15 | — | — |
| Q4 2022 | 2022-12-31 | 1.07 | 0.15 | +15.62% |
| Q3 2022 | 2022-09-30 | 1.10 | — | — |
| Q4 2021 | 2021-12-31 | 0.93 | — | — |
Sixth Street Specialty Lending debt-to-equity ratio trends
Between the periods ended 2021-12-31 and 2025-12-31, Sixth Street Specialty Lending's debt-to-equity ratio increased from 0.93 to 1.08, a change of 0.15. The latest reported quarter, Q2 2026, shows 1.24.
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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