Sixth Street Specialty Lending Key Executives
This section highlights Sixth Street Specialty Lending's key executives, including their titles and compensation details.
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Sixth Street Specialty Lending Earnings
This section highlights Sixth Street Specialty Lending's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q4 | 2024 | 2025-02-14 | N/A | N/A |
| Read Transcript | Q3 | 2024 | 2024-11-06 | N/A | N/A |
| Read Transcript | Q2 | 2024 | 2024-08-01 | N/A | N/A |
| Read Transcript | Q1 | 2024 | 2024-05-02 | N/A | N/A |
| Read Transcript | Q4 | 2023 | 2024-02-16 | N/A | N/A |
| Read Transcript | Q3 | 2023 | 2023-11-03 | N/A | N/A |
| Read Transcript | Q2 | 2023 | 2023-08-04 | N/A | N/A |
| Read Transcript | Q1 | 2023 | 2023-05-09 | N/A | N/A |
Financial Statements
Access annual & quarterly financial statements for Sixth Street Specialty Lending, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Revenue | $252.97M | $438.09M | $136.49M | $223.96M | $198.35M |
| Cost of Revenue | $-472.83B | $109.17M | $64.01M | $83.46M | $65.01M |
| Gross Profit | $473.08B | $328.92M | $72.48M | $140.50M | $133.34M |
| Gross Profit Ratio | 187009.34% | 75.08% | 53.10% | 62.73% | 67.23% |
| Research and Development Expenses | $- | $- | $0 | $1 | $1 |
| General and Administrative Expenses | $13.07B | $105.59M | $13.36M | $13.56M | $12.86M |
| Selling and Marketing Expenses | $-13.05B | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $13.95M | $105.59M | $13.36M | $13.56M | $12.86M |
| Other Expenses | $- | $- | $11.90M | $-1.77M | $1.62M |
| Operating Expenses | $252.97M | $105.59M | $25.26M | $11.79M | $14.48M |
| Cost and Expenses | $252.97M | $105.59M | $140.78M | $11.79M | $14.48M |
| Interest Income | $452.31M | $418.78M | $297.64M | $266.66M | $245.68M |
| Interest Expense | $106.77M | $96.39M | $50.66M | $40.41M | $37.04M |
| Depreciation and Amortization | $- | $-332.50M | $160.49M | $53.99M | $39.11M |
| EBITDA | $- | $- | $26.44M | $137.06M | $- |
| EBITDA Ratio | 0.00% | 0.00% | 19.37% | 61.20% | 0.00% |
| Operating Income | $460.02B | $332.50M | $168.95M | $212.16M | $183.87M |
| Operating Income Ratio | 181843.59% | 75.90% | 123.78% | 94.73% | 92.70% |
| Total Other Income Expenses Net | $-459.82B | $-108.66M | $175.25M | $203.89M | $180.37M |
| Income Before Tax | $193.12M | $223.83M | $111.24M | $212.16M | $183.87M |
| Income Before Tax Ratio | 76.34% | 51.09% | 81.50% | 94.73% | 92.70% |
| Income Tax Expense | $-2.61B | $1.81M | $3.18M | $384.00K | $5.76M |
| Net Income | $186.57M | $222.02M | $108.05M | $211.78M | $178.11M |
| Net Income Ratio | 73.75% | 50.68% | 79.16% | 94.56% | 89.79% |
| EPS | $2.03 | $2.61 | $1.38 | $2.93 | $2.65 |
| EPS Diluted | $2.03 | $2.61 | $1.38 | $2.79 | $2.65 |
| Weighted Average Shares Outstanding | 92.04M | 85.13M | 78.20M | 72.17M | 67.21M |
| Weighted Average Shares Outstanding Diluted | 92.04M | 85.13M | 78.20M | 77.70M | 67.21M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $65.26M | $109.02M | $113.11M | $63.31M | $111.27M | $112.40M | $65.14M | $63.95M | $58.18M | $42.08M | $-7.79M | $44.02M | $44.95M | $57.92M | $61.19M | $59.90M | $57.10M | $86.70M | $101.32M | $-46.77M |
| Cost of Revenue | $- | $21.84M | $22.75M | $-115.49B | $22.14M | $25.60M | $22.54M | $-32.55M | $20.30M | $18.00M | $-71.67M | $18.82M | $19.13M | $21.39M | $21.87M | $21.06M | $-2.70M | $- | $- | $- |
| Gross Profit | $65.26M | $87.17M | $90.36M | $115.55B | $89.13M | $86.80M | $42.59M | $96.50M | $37.88M | $24.07M | $63.89M | $25.20M | $25.82M | $36.53M | $39.31M | $38.84M | $59.80M | $86.70M | $101.32M | $-46.77M |
| Gross Profit Ratio | 100.00% | 79.96% | 79.88% | 182507.27% | 80.10% | 77.22% | 65.39% | 150.90% | 65.11% | 57.22% | -820.66% | 57.24% | 57.45% | 63.06% | 64.25% | 64.84% | 104.73% | 100.00% | 100.00% | 100.00% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $3.55M | $3.26B | $3.67M | $3.26M | $3.80M | $3.33B | $3.11M | $2.95M | $3.50M | $3.45M | $3.27M | $3.13M | $3.52M | $3.38M | $3.21M | $3.46M | $2.35M | $3.25M | $3.88M | $3.38M |
| Selling and Marketing Expenses | $- | $-3.26B | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $3.55M | $3.48M | $3.67M | $3.26M | $3.80M | $3.33B | $3.11M | $2.95M | $3.50M | $3.45M | $3.27M | $3.13M | $3.52M | $3.38M | $3.21M | $3.46M | $2.35M | $3.25M | $3.88M | $3.38M |
| Other Expenses | $8.40M | $- | $12.87M | $-14.73M | $-213.00K | $936.00K | $1.89M | $61.00M | $6.70M | $3.84M | $- | $-347.00K | $2.81M | $2.60M | $2.49M | $2.42M | $2.23M | $2.20M | $1.58M | $2.03M |
| Operating Expenses | $11.94M | $59.24M | $16.54M | $14.94M | $213.00K | $3.33M | $11.14M | $63.95M | $10.19M | $7.29M | $4.99M | $2.79M | $3.48M | $2.86M | $2.67M | $2.79M | $1.88M | $2.85M | $4.45M | $5.32M |
| Cost and Expenses | $11.94M | $59.24M | $34.06M | $3.04B | $22.35M | $3.33M | $2.94B | $63.95M | $140.78M | $7.29M | $63.05M | $5.70M | $6.33M | $-256.00K | $-366.00K | $-292.00K | $-825.00K | $238.00K | $3.44M | $5.32M |
| Interest Income | $113.08M | $112.02M | $114.46M | $112.75M | $113.64M | $109.27M | $102.73M | $93.14M | $95.94M | $75.09M | $61.17M | $65.43M | $74.21M | $68.62M | $60.92M | $62.91M | $56.56M | $62.75M | $63.33M | $63.03M |
| Interest Expense | $28.55M | $25.21M | $26.07M | $26.95M | $29.00M | $24.99M | $24.11M | $20.60M | $15.65M | $14.82M | $10.24M | $9.95M | $9.87M | $10.31M | $10.61M | $9.62M | $8.72M | $8.81M | $8.54M | $10.97M |
| Depreciation and Amortization | $- | $-13.37M | $-95.60M | $-92.24M | $-93.03M | $-85.50M | $-82.13M | $- | $-76.35M | $-56.39M | $-53.53M | $-45.66M | $-55.67M | $-46.43M | $-37.74M | $-41.72M | $-42.76M | $-51.50M | $-50.32M | $-47.58M |
| EBITDA | $- | $81.39M | $- | $115.38B | $88.91M | $1.76M | $-4.03M | $- | $- | $- | $- | $- | $- | $11.71M | $- | $- | $- | $- | $- | $-140.78M |
| EBITDA Ratio | 0.00% | 74.66% | 0.00% | 182234.83% | 79.91% | 1.57% | -6.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 20.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 301.01% |
| Operating Income | $53.31M | $94.76M | $79.05M | $53.21B | $88.91M | $50.45M | $49.69B | $32.55M | $105.70M | $49.61M | $53.53M | $51.18M | $39.26M | $65.37M | $66.09M | $63.65M | $57.53M | $92.67M | $104.40M | $-41.11M |
| Operating Income Ratio | 81.70% | 86.92% | 69.88% | 84047.26% | 79.91% | 44.89% | 76281.57% | 50.90% | 181.68% | 117.91% | -687.67% | 116.27% | 87.34% | 112.86% | 108.01% | 106.26% | 100.75% | 106.88% | 103.04% | 87.90% |
| Total Other Income Expenses Net | $- | $-51.95M | $-46.98M | $-115.44B | $-52.86M | $-20.22M | $-28.14M | $20.81M | $-28.36M | $-21.60M | $-68.85M | $-4.43M | $-12.30M | $8.63M | $20.78M | $15.39M | $12.47M | $32.35M | $46.55M | $- |
| Income Before Tax | $53.31M | $42.81M | $48.63M | $48.37M | $51.19M | $50.45M | $53.99M | $53.37M | $47.99M | $34.79M | $-12.78M | $41.23M | $41.47M | $55.06M | $58.52M | $57.11M | $55.23M | $83.86M | $96.87M | $-52.09M |
| Income Before Tax Ratio | 81.70% | 39.27% | 42.99% | 76.40% | 46.01% | 44.89% | 82.89% | 83.45% | 82.48% | 82.68% | 164.10% | 93.67% | 92.26% | 95.06% | 95.64% | 95.34% | 96.72% | 96.72% | 95.61% | 111.37% |
| Income Tax Expense | $2.32M | $2.15M | $1.23M | $850.00K | $32.00K | $461.00K | $902.00K | $413.00K | $1.73M | $356.00K | $750.00K | $350.00K | $-345.00K | $104.00K | $165.00K | $460.00K | $1.75M | $2.00M | $1.00M | $1.01M |
| Net Income | $50.99M | $40.66M | $47.40M | $47.52M | $51.16M | $50.45M | $53.09M | $52.95M | $46.26M | $34.43M | $-13.53M | $40.88M | $41.82M | $54.96M | $58.35M | $56.65M | $53.48M | $81.86M | $95.87M | $-53.10M |
| Net Income Ratio | 78.14% | 37.29% | 41.91% | 75.05% | 45.98% | 44.89% | 81.51% | 82.80% | 79.51% | 81.83% | 173.73% | 92.87% | 93.03% | 94.88% | 95.37% | 94.58% | 93.65% | 94.41% | 94.62% | 113.53% |
| EPS | $0.55 | $0.44 | $0.51 | $0.53 | $0.58 | $0.58 | $0.63 | $0.65 | $0.57 | $0.43 | $-0.18 | $0.51 | $0.57 | $0.75 | $0.80 | $0.81 | $0.77 | $1.21 | $1.43 | $-0.80 |
| EPS Diluted | $0.55 | $0.44 | $0.51 | $0.53 | $0.58 | $0.58 | $0.63 | $0.65 | $0.57 | $0.43 | $-0.17 | $0.50 | $0.52 | $0.70 | $0.74 | $0.75 | $0.69 | $1.21 | $1.43 | $-0.80 |
| Weighted Average Shares Outstanding | 92.53M | 93.02M | 92.73M | 89.03M | 87.83M | 87.25M | 84.22M | 81.40M | 81.39M | 79.48M | 76.27M | 79.59M | 72.81M | 72.81M | 72.56M | 69.69M | 69.69M | 67.58M | 66.96M | 66.37M |
| Weighted Average Shares Outstanding Diluted | 92.53M | 93.02M | 92.73M | 89.03M | 87.83M | 87.25M | 84.22M | 81.40M | 81.39M | 79.48M | 81.85M | 81.54M | 80.52M | 80.52M | 80.25M | 77.36M | 77.36M | 67.58M | 66.96M | 66.66M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $27.33B | $1.22M | $10.21M | $1.57M | $2.46M |
| Short Term Investments | $- | $23.98M | $2.72B | $- | $- |
| Cash and Short Term Investments | $27.33B | $25.20M | $2.74B | $1.57M | $2.46M |
| Net Receivables | $30.52B | $27.97M | $18.85M | $10.78M | $8.58M |
| Inventory | $- | $- | $1 | $26.74M | $1 |
| Other Current Assets | $5.97M | $31.56M | $4.53M | $3.52M | $17.87M |
| Total Current Assets | $57.85B | $84.72M | $2.76B | $12.34M | $11.04M |
| Property Plant Equipment Net | $- | $- | $- | $- | $- |
| Goodwill | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- |
| Long Term Investments | $3.52B | $3.28B | $2.79B | $2.52B | $2.30B |
| Tax Assets | $- | $- | $2.84B | $2.55B | $2.34B |
| Other Non-Current Assets | $- | $-3.28B | $-5.55B | $-2.55B | $-2.34B |
| Total Non-Current Assets | $3.52B | $3.28B | $70.75M | $2.52B | $2.30B |
| Other Assets | $3.52T | $-23.98M | $4.53M | $17.92M | $28.68M |
| Total Assets | $3.58T | $3.34B | $2.84B | $2.55B | $2.34B |
| Account Payables | $- | $- | $- | $30.93M | $27.73M |
| Short Term Debt | $- | $- | $- | $- | $- |
| Tax Payables | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $- | $-68.75M | $-1.08B |
| Other Current Liabilities | $28.60M | $62.88M | $- | $-30.93M | $-27.73M |
| Total Current Liabilities | $28.60M | $62.88M | $30.77M | $30.93M | $27.73M |
| Long Term Debt | $- | $569.91M | $1.44B | $- | $1.11B |
| Deferred Revenue Non-Current | $- | $- | $1.50B | $1.28B | $1.18B |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $-90.05M | $-66.92M |
| Other Non-Current Liabilities | $- | $- | $-1.44B | $- | $-1.11B |
| Total Non-Current Liabilities | $- | $569.91M | $1.50B | $1.19B | $1.11B |
| Other Liabilities | $1.97B | $1.21B | $-30.77M | $59.12M | $39.19M |
| Total Liabilities | $1.97B | $1.85B | $1.50B | $1.28B | $1.18B |
| Preferred Stock | $- | $- | $56.46M | $90.10M | $- |
| Common Stock | $943.00K | $885.00K | $821.00K | $761.00K | $680.00K |
| Retained Earnings | $- | $100.78M | $56.46M | $90.10M | $139.25M |
| Accumulated Other Comprehensive Income Loss | $- | $0 | $0 | $-0 | $139.25M |
| Other Total Stockholders Equity | $1.61T | $1.39B | $1.28B | $1.18B | $1.02B |
| Total Stockholders Equity | $1.61T | $1.50B | $1.34B | $1.28B | $1.16B |
| Total Equity | $1.61T | $1.50B | $2.76B | $2.45B | $2.26B |
| Total Liabilities and Stockholders Equity | $3.58T | $3.34B | $2.84B | $2.55B | $2.34B |
| Minority Interest | $- | $- | $1.42B | $1.17B | $1.10B |
| Total Liabilities and Total Equity | $3.58T | $3.34B | $2.84B | $2.55B | $2.34B |
| Total Investments | $3.52B | $3.28B | $2.79B | $2.52B | $2.30B |
| Total Debt | $- | $1.78B | $1.44B | $1.19B | $1.11B |
| Net Debt | $-27.33B | $-1.22M | $1.43B | $1.18B | $1.11B |
Balance Sheet Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $4.97M | $6.53M | $34.65M | $6.79M | $25.20M | $2.99M | $10.74M | $9.57M | $10.21M | $14.65M | $5.73M | $4.42M | $1.57M | $5.45M | $3.18M | $3.68M | $2.46M | $3.85M | $3.12M | $5.45M |
| Short Term Investments | $- | $29.72B | $-15.47M | $3.38T | $- | $3.11T | $3.09T | $- | $2.72B | $- | $-63.41M | $- | $- | $2.40T | $2.57T | $2.38T | $2.30T | $2.10T | $1.98T | $2.04T |
| Cash and Short Term Investments | $4.97M | $29.73B | $34.65M | $35.89B | $25.20M | $29.88B | $25.86B | $9.57M | $2.74B | $14.65M | $5.73M | $4.42M | $1.57M | $5.45M | $3.18M | $3.68M | $2.46M | $3.85M | $3.12M | $5.45M |
| Net Receivables | $30.52M | $34.76B | $30.74M | $31.26M | $27.97M | $23.46M | $23.24M | $24.63M | $18.85M | $19.83M | $11.86M | $11.67M | $10.78M | $9.40M | $13.99M | $10.88M | $8.58M | $9.95M | $9.82M | $9.76M |
| Inventory | $- | $64.48M | $- | $31.29B | $- | $23.49B | $23.26B | $- | $1 | $50.11M | $- | $35.17M | $26.74M | $27.68B | $1 | $30.83B | $1 | $25.58B | $25.72B | $29.48B |
| Other Current Assets | $-30.52M | $24.31M | $34.02M | $33.97M | $31.56M | $34.35M | $18.20M | $-24.63M | $4.53M | $3.55M | $26.38M | $4.15M | $3.52M | $17.16M | $21.20M | $24.90M | $46.55M | $32.36M | $30.80M | $27.56M |
| Total Current Assets | $4.97M | $64.57B | $69.88M | $67.15B | $60.74M | $53.34B | $49.09B | $9.57M | $2.76B | $34.48M | $43.98M | $16.10M | $12.34M | $27.66B | $32.48B | $30.87B | $13.27B | $25.61B | $25.76B | $29.52B |
| Property Plant Equipment Net | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Long Term Investments | $3.52B | $3.44B | $3.32B | $3.38B | $3.28B | $3.11B | $3.09B | $2.92B | $2.79B | $2.81B | $2.54B | $2.45B | $2.52B | $2.41B | $2.57B | $2.38B | $2.30B | $2.10B | $1.98B | $2.05B |
| Tax Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $-3.52B | $- | $-3.32B | $-3.38B | $-13.03M | $-3.11B | $-3.09B | $-2.92B | $-2.72B | $-2.81B | $- | $-2.45B | $-2.52B | $-2.41B | $-2.57B | $-2.38B | $2.32T | $-2.10B | $-1.98B | $-2.05B |
| Total Non-Current Assets | $3.58B | $3.44B | $3.32B | $3.38B | $3.27B | $3.11B | $3.09B | $2.96B | $70.75M | $2.81B | $2.54B | $2.45B | $2.52B | $2.41B | $2.57B | $2.38B | $2.33T | $2.10B | $1.98B | $2.05B |
| Other Assets | $3.58B | $-64.48B | $- | $-67.08B | $13.03M | $-53.28B | $-49.04B | $2.97B | $4.53M | $19.18M | $- | $23.22M | $17.92M | $-27.63B | $-32.45B | $-30.83B | $-2.34T | $-25.58B | $-25.72B | $-29.48B |
| Total Assets | $3.58B | $3.53B | $3.39B | $3.45B | $3.34B | $3.17B | $3.14B | $2.97B | $2.84B | $2.86B | $2.58B | $2.49B | $2.55B | $2.44B | $2.61B | $2.42B | $2.34B | $2.14B | $2.02B | $2.08B |
| Account Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $31.29M | $31.16M | $30.93M | $29.86M | $29.77M | $119.41M | $27.73M | $27.73M | $27.50M | $27.36M |
| Short Term Debt | $- | $347.50M | $- | $338.48M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-506.98M | $-218.11M | $-68.75M | $- | $- | $- | $- | $- | $- | $- |
| Other Current Liabilities | $- | $-347.50M | $378.77M | $-338.48M | $- | $- | $- | $- | $- | $- | $27.44M | $-31.16M | $-30.93M | $-29.86M | $-29.77M | $-119.41M | $-27.73M | $-27.73M | $-27.50M | $-27.36M |
| Total Current Liabilities | $- | $- | $378.77M | $35.43M | $372.56M | $369.03M | $361.74M | $- | $30.77M | $29.66M | $58.73M | $31.16M | $30.93M | $29.86M | $29.77M | $119.41M | $27.73M | $27.73M | $27.50M | $27.36M |
| Long Term Debt | $- | $- | $- | $- | $- | $- | $- | $- | $1.44B | $1.46B | $- | $- | $- | $1.10B | $1.30B | $1.07B | $1.11B | $929.38M | $872.51M | $980.16M |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $- | $- | $1.41B | $- | $- | $- | $- | $- | $-1.44B | $-1.46B | $1.28B | $- | $- | $-1.10B | $-1.30B | $-1.07B | $-1.11B | $-929.38M | $-872.51M | $-980.16M |
| Total Non-Current Liabilities | $- | $- | $1.41B | $1.80B | $1.44B | $1.62B | $1.62B | $- | $1.50B | $1.53B | $1.28B | $31.16M | $30.93M | $1.10B | $1.30B | $1.07B | $1.11B | $929.38M | $872.51M | $980.16M |
| Other Liabilities | $1.97B | $1.93B | $- | $-35.43M | $30.46M | $-369.03M | $-361.74M | $1.62B | $-30.77M | $-29.66M | $- | $1.14B | $1.21B | $53.65M | $49.93M | $42.54M | $39.19M | $38.32M | $35.99M | $37.47M |
| Total Liabilities | $1.97B | $1.93B | $1.79B | $1.80B | $1.85B | $1.62B | $1.62B | $1.62B | $1.50B | $1.53B | $1.34B | $1.21B | $1.28B | $1.19B | $1.38B | $1.23B | $1.18B | $995.43M | $936.00M | $1.04B |
| Preferred Stock | $- | $- | $1 | $- | $- | $- | $- | $- | $- | $0 | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $943.00K | $940.00K | $937.00K | $928.00K | $885.00K | $882.00K | $879.00K | $824.00K | $821.00K | $816.00K | $766.00K | $764.00K | $761.00K | $731.00K | $729.00K | $723.00K | $680.00K | $679.00K | $676.00K | $669.00K |
| Retained Earnings | $97.71M | $90.50M | $98.21M | $99.03M | $100.78M | $94.15M | $74.70M | $65.05M | $56.46M | $44.37M | $43.95M | $91.82M | $90.10M | $121.39M | $97.75M | $73.53M | $139.25M | $116.30M | $62.17M | $27.28M |
| Accumulated Other Comprehensive Income Loss | $- | $- | $0 | $0 | $0 | $-0 | $-0 | $- | $0 | $-0 | $0 | $0 | $-0 | $-0 | $-0 | $1.11B | $0 | $0 | $0 | $0 |
| Other Total Stockholders Equity | $1.51B | $1.51B | $1.50B | $1.48B | $1.39B | $1.39B | $1.38B | $1.29B | $1.28B | $1.28B | $1.20B | $1.19B | $1.18B | $1.13B | $1.13B | $1.11B | $1.02B | $1.02B | $1.02B | $1.01B |
| Total Stockholders Equity | $1.61B | $1.60B | $1.60B | $1.58B | $1.50B | $1.49B | $1.46B | $1.36B | $1.34B | $1.33B | $1.24B | $1.28B | $1.28B | $1.25B | $1.22B | $1.19B | $1.16B | $1.14B | $1.08B | $1.04B |
| Total Equity | $1.61B | $1.60B | $1.60B | $1.58B | $1.50B | $1.49B | $1.46B | $1.36B | $1.34B | $1.33B | $1.24B | $1.28B | $1.28B | $1.25B | $1.22B | $1.19B | $1.16B | $1.14B | $1.08B | $1.04B |
| Total Liabilities and Stockholders Equity | $3.58B | $3.53B | $3.39B | $3.45B | $3.34B | $3.17B | $3.14B | $2.97B | $2.84B | $2.86B | $2.58B | $2.49B | $2.55B | $2.44B | $2.61B | $2.42B | $2.34B | $2.14B | $2.02B | $2.08B |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $3.58B | $3.53B | $3.39B | $3.45B | $3.34B | $3.17B | $3.14B | $2.97B | $2.84B | $2.86B | $2.58B | $2.49B | $2.55B | $2.44B | $2.61B | $2.42B | $2.34B | $2.14B | $2.02B | $2.08B |
| Total Investments | $3.52B | $3.44B | $3.30B | $3.38T | $3.28B | $3.11T | $3.09T | $2.92B | $2.79B | $2.81B | $2.47B | $2.45B | $2.52B | $2.41T | $2.57T | $2.38T | $2.30T | $2.10T | $1.98T | $2.05T |
| Total Debt | $- | $1.87B | $1.71B | $1.80B | $1.78B | $1.62B | $1.62B | $- | $1.44B | $1.46B | $1.25B | $1.12B | $1.19B | $1.10B | $1.30B | $1.07B | $1.11B | $929.38M | $872.51M | $980.16M |
| Net Debt | $-4.97M | $-6.53M | $1.68B | $1.80B | $1.76B | $1.62B | $1.61B | $-9.57M | $1.43B | $1.44B | $1.25B | $1.12B | $1.18B | $1.10B | $1.30B | $1.07B | $1.11B | $925.53M | $869.39M | $974.71M |
Annual Cash Flow
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Net Income | $186.57M | $222.02M | $108.05M | $211.78M | $178.11M |
| Depreciation and Amortization | $- | $- | $-19.39M | $-27.82B | $-25.71B |
| Deferred Income Tax | $- | $- | $- | $- | $- |
| Stock Based Compensation | $- | $- | $- | $- | $- |
| Change in Working Capital | $13.11M | $24.79M | $-68.33M | $2.75M | $17.67M |
| Accounts Receivables | $- | $- | $-8.07M | $-2.19M | $4.47M |
| Inventory | $- | $- | $- | $- | $- |
| Accounts Payables | $- | $- | $-6.59M | $16.99M | $1.71M |
| Other Working Capital | $13.11M | $24.79M | $-53.67M | $-12.05M | $11.48M |
| Other Non Cash Items | $-245.17M | $-483.60M | $-244.87M | $27.60B | $25.66B |
| Net Cash Provided by Operating Activities | $-45.49M | $-236.79M | $-224.53M | $2.45M | $145.07M |
| Investments in Property Plant and Equipment | $- | $- | $- | $- | $- |
| Acquisitions Net | $- | $- | $- | $- | $- |
| Purchases of Investments | $- | $-943.45M | $-995.62M | $-1.20T | $-1.04T |
| Sales Maturities of Investments | $- | $514.69M | $699.25M | $1.09B | $1.05B |
| Other Investing Activities | $- | $- | $-699.25M | $-1.09B | $-1.05B |
| Net Cash Used for Investing Activities | $- | $- | $-995.62M | $-1.20T | $-1.04T |
| Debt Repayment | $131.84M | $312.97M | $389.41M | $144.23M | $-12.55M |
| Common Stock Issued | $93.31M | $89.20M | $- | $85.90M | $- |
| Common Stock Repurchased | $- | $- | $-6.17M | $- | $-2.93M |
| Dividends Paid | $-168.72M | $-156.42M | $-144.73M | $-221.94M | $-130.45M |
| Other Financing Activities | $-8.81M | $-9.41M | $-4.30M | $-7.95M | $-1 |
| Net Cash Used Provided by Financing Activities | $47.62M | $236.34M | $234.21M | $241.00K | $-145.94M |
| Effect of Forex Changes on Cash | $- | $- | $995.62M | $1.20T | $1.04T |
| Net Change in Cash | $2.13M | $-451.00K | $9.68M | $2.69M | $-869.00K |
| Cash at End of Period | $27.33M | $25.20M | $25.65M | $15.97M | $13.27M |
| Cash at Beginning of Period | $25.20M | $25.65M | $15.97M | $13.27M | $14.14M |
| Operating Cash Flow | $-45.49M | $-236.79M | $-224.53M | $2.45M | $145.07M |
| Capital Expenditure | $- | $- | $- | $- | $- |
| Free Cash Flow | $-45.49M | $-236.79M | $-224.53M | $2.45M | $145.07M |
Cash Flow Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $50.99M | $40.66M | $47.40M | $47.52M | $51.16M | $64.82M | $53.09M | $52.95M | $46.26M | $34.43M | $-13.53M | $40.88M | $41.82M | $54.96M | $58.35M | $56.65M | $53.48M | $81.86M | $95.87M | $-53.10M |
| Depreciation and Amortization | $- | $- | $1.74B | $-3.96B | $1.04B | $1.41B | $1.08B | $- | $-19.39M | $1.42B | $1.44B | $-4.76B | $-27.82B | $1.53B | $1.51B | $-7.03B | $-25.71B | $1.27B | $1.31B | $-6.83B |
| Deferred Income Tax | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Stock Based Compensation | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Change in Working Capital | $16.03M | $-793.00K | $13.17M | $-12.37M | $21.36M | $15.00K | $849.00K | $2.56M | $-17.42M | $-1.58M | $-13.41M | $-35.92M | $-5.39M | $6.39M | $3.56M | $-1.81M | $-8.11M | $-1.79M | $-1.14M | $28.71M |
| Accounts Receivables | $4.24M | $2.77M | $515.00K | $-3.28M | $-4.51M | $-221.00K | $1.39M | $-5.79M | $984.00K | $-7.97M | $-557.00K | $-899.00K | $-1.37M | $4.59M | $-3.11M | $-2.29M | $1.22M | $-56.00K | $25.00K | $3.31M |
| Inventory | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Accounts Payables | $- | $-2.25M | $-580.00K | $-1.13M | $-100.00K | $3.77M | $2.41M | $- | $2.28M | $1.80M | $-10.13M | $-539.00K | $1.18M | $5.11M | $5.28M | $5.42M | $- | $- | $- | $- |
| Other Working Capital | $11.79M | $-1.31M | $13.23M | $-7.96M | $25.97M | $-3.54M | $-2.95M | $8.35M | $-20.69M | $4.58M | $-13.91M | $-34.48M | $-5.19M | $-3.31M | $1.39M | $-4.94M | $-8.80M | $-1.78M | $-1.63M | $24.68M |
| Other Non Cash Items | $-97.75M | $-14.79B | $-5.96M | $-8.97M | $-1.04B | $-1.44B | $-1.25B | $-129.02M | $44.84M | $-1.70B | $-6.69M | $4.84B | $27.71B | $-1.36B | $-1.70B | $6.95B | $25.52B | $-1.38B | $-1.24B | $7.01B |
| Net Cash Provided by Operating Activities | $-30.73M | $-14.76B | $54.55M | $-65.54M | $67.28M | $36.66M | $-113.08M | $-73.50M | $54.29M | $-244.10M | $-115.88M | $81.15M | $-73.46M | $224.39M | $-122.63M | $-25.85M | $-143.96M | $-30.60M | $165.35M | $154.27M |
| Investments in Property Plant and Equipment | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Acquisitions Net | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Purchases of Investments | $- | $-221.09M | $-247.60M | $-211.35B | $-308.51M | $-179.34M | $-279.23M | $- | $-995.62M | $-297.48M | $-354.17M | $-84.22B | $-1.20T | $-92.55M | $-268.77M | $-170.43B | $-1.04T | $- | $- | $-119.85B |
| Sales Maturities of Investments | $- | $106.60M | $318.32M | $115.40M | $154.36M | $174.65M | $122.77M | $- | $287.02M | $22.77M | $217.61M | $171.86M | $566.81M | $281.14M | $119.08M | $121.73M | $- | $- | $- | $- |
| Other Investing Activities | $- | $- | $- | $- | $- | $- | $- | $- | $-287.02M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Cash Used for Investing Activities | $- | $-114.49M | $70.72M | $-211.35B | $-154.15M | $-4.70M | $-156.46M | $- | $-995.62M | $-274.71M | $-136.56M | $-84.22B | $-1.20T | $188.59M | $-149.69M | $-170.43B | $-1.04T | $- | $- | $-119.85B |
| Debt Repayment | $68.97M | $112.12M | $-92.39M | $43.15M | $122.81M | $11.21M | $66.84M | $112.11M | $-26.18M | $304.46M | $152.18M | $-41.11M | $130.19M | $-197.78M | $230.71M | $-18.93M | $175.04M | $53.33M | $-120.23M | $-120.61M |
| Common Stock Issued | $1.00K | $93.21B | $11.85M | $81.46M | $-480.00K | $394.00K | $89.29M | $- | $- | $- | $- | $- | $85.82B | $- | $-41.00K | $85.94M | $-2.93M | $- | $- | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $- | $- | $- | $-3.17M | $-3.00M | $- | $- | $-85.82B | $- | $- | $- | $2.93M | $- | $- | $-2.93M |
| Dividends Paid | $-40.64M | $-42.51M | $-42.22M | $-43.34M | $-40.61M | $-39.44M | $-37.85M | $-38.52M | $-29.58M | $-54.27M | $-28.38M | $-32.51M | $-59.02M | $-26.84M | $-109.47M | $-26.61M | $-33.38M | $-23.01M | $-48.96M | $-25.10M |
| Other Financing Activities | $- | $19.28B | $-3.74M | $-5.03M | $-14.00K | $-4.80M | $84.21M | $- | $- | $- | $-4.24M | $- | $1.00K | $- | $-69.00K | $-7.83M | $-85.00K | $- | $- | $- |
| Net Cash Used Provided by Financing Activities | $28.33M | $19.35B | $-126.51M | $76.23M | $82.18M | $-32.64M | $113.19M | $73.59M | $-58.92M | $247.20M | $119.56M | $-73.62M | $71.16M | $-224.62M | $121.13M | $32.57M | $141.57M | $30.32M | $-169.18M | $-148.64M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $-176.37B | $4.70M | $156.46M | $- | $995.62M | $274.71M | $- | $84.22B | $1.20T | $- | $- | $170.43B | $1.04T | $- | $- | $119.85B |
| Net Change in Cash | $-2.40M | $-4.92M | $-1.24M | $10.69M | $-4.68M | $4.03M | $118.00K | $90.00K | $-4.63M | $3.10M | $3.68M | $7.53M | $-2.29M | $-232.00K | $-1.50M | $6.72M | $-2.39M | $-277.00K | $-3.83M | $5.62M |
| Cash at End of Period | $27.33M | $29.73M | $34.65M | $35.89M | $25.20M | $29.88M | $25.86M | $25.74M | $25.65M | $30.28M | $27.18M | $23.49M | $15.97M | $18.26M | $18.49M | $19.99M | $13.27M | $15.66M | $15.94M | $19.77M |
| Cash at Beginning of Period | $29.73M | $34.65M | $35.89M | $25.20M | $29.88M | $25.86M | $25.74M | $25.65M | $30.28M | $27.18M | $23.49M | $15.97M | $18.26M | $18.49M | $19.99M | $13.27M | $15.66M | $15.94M | $19.77M | $14.14M |
| Operating Cash Flow | $-30.73M | $39.99M | $54.55M | $-65.54M | $67.28M | $36.66M | $-113.08M | $-73.50M | $54.29M | $-244.10M | $-115.88M | $81.15M | $-73.46M | $224.39M | $-122.63M | $-25.85M | $-143.96M | $-30.60M | $165.35M | $154.27M |
| Capital Expenditure | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Free Cash Flow | $-30.73M | $-74.50M | $54.55M | $-65.54M | $67.28M | $36.66M | $-113.08M | $-73.50M | $54.29M | $-244.10M | $-115.88M | $81.15M | $-73.46M | $224.39M | $-122.63M | $-25.85M | $-143.96M | $-30.60M | $165.35M | $154.27M |
Sixth Street Specialty Lending, Inc. (NYSE: TSLX) is a business development company. The fund provides senior secured loans (first-lien, second-lien, and unitranche), unsecured loans, mezzanine debt, and investments in corporate bonds and equity securities and structured products, non-control structured equity, and common equity with a focus on co-investments for organic growth, acquisitions, market or product expansion, restructuring initiatives, recapitalizations, and refinancing. The fund invests in business services, software & technology, healthcare, energy, consumer & retail, manufacturing, industrials, royalty related businesses, education, and specialty finance. It seeks to finance and lending to middle market companies principally located in the United States. The fund invests in companies with enterprise value between $50 million and $1 billion or more and EBITDA between $10 million and $250 million. The transaction size is between $15 million and $350 million. The fund invests across the spectrum of the capital structure and can arrange syndicated transactions of up to $500 million and hold sizeable positions within its credits.
$20.88
Stock Price
$1.96B
Market Cap
-
Employees
Dallas, TX
Location
Revenue (FY 2024)
$252.97M
-42.3% YoY
Net Income (FY 2024)
$186.57M
-16.0% YoY
EPS (FY 2024)
$2.03
-22.2% YoY
Free Cash Flow (FY 2024)
$-45.49M
80.8% YoY
Profitability
Gross Margin
187009.3%
Net Margin
73.7%
ROE
0.0%
ROA
0.0%
Valuation
P/E Ratio
10.51
P/S Ratio
7.75
EV/EBITDA
0.00
Market Cap
$1.96B
Revenue & Net Income
Profit Margins
Cash Flow Summary
Operating Cash Flow
$-45.49M
80.8% YoY
Free Cash Flow
$-45.49M
80.8% YoY
Balance Sheet Summary
Total Assets
$3.58T
107030.1% YoY
Total Debt
$-
100.0% YoY
Shareholder Equity
$1.61T
221213.7% YoY
Dividend Overview
$0.46
Latest Dividend
%
Dividend Yield
%
Payout Ratio
Recent Dividend History
| Date | Amount | Type |
|---|---|---|
| 2025-03-14 | $0.46 | March 14, 25 |
| 2025-02-28 | $0.07 | February 28, 25 |
| 2024-12-16 | $0.46 | December 16, 24 |
| 2024-11-29 | $0.05 | November 29, 24 |
| 2024-09-16 | $0.46 | September 16, 24 |
| 2024-08-30 | $0.06 | August 30, 24 |
| 2024-06-14 | $0.46 | June 14, 24 |
| 2024-05-31 | $0.06 | May 31, 24 |
| 2024-03-14 | $0.46 | March 14, 24 |
| 2024-02-28 | $0.08 | February 28, 24 |
Sixth Street Specialty Lending Dividends
Explore Sixth Street Specialty Lending's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
8.61%
Dividend Payout Ratio
90.43%
Dividend Paid & Capex Coverage Ratio
-0.27x
Sixth Street Specialty Lending Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.46 | $0.46 | March 14, 2025 | March 14, 2025 | March 31, 2025 | February 13, 2025 |
| $0.07 | $0.07 | February 28, 2025 | February 28, 2025 | March 20, 2025 | February 13, 2025 |
| $0.46 | $0.46 | December 16, 2024 | December 16, 2024 | December 31, 2024 | November 05, 2024 |
| $0.05 | $0.05 | November 29, 2024 | November 29, 2024 | December 20, 2024 | November 05, 2024 |
| $0.46 | $0.46 | September 16, 2024 | September 16, 2024 | September 30, 2024 | July 31, 2024 |
| $0.06 | $0.06 | August 30, 2024 | August 30, 2024 | September 20, 2024 | July 31, 2024 |
| $0.46 | $0.46 | June 14, 2024 | June 14, 2024 | June 28, 2024 | May 01, 2024 |
| $0.06 | $0.06 | May 31, 2024 | May 31, 2024 | June 20, 2024 | May 01, 2024 |
| $0.46 | $0.46 | March 14, 2024 | March 15, 2024 | March 28, 2024 | February 15, 2024 |
| $0.08 | $0.08 | February 28, 2024 | February 29, 2024 | March 20, 2024 | February 15, 2024 |
| $0.46 | $0.46 | December 14, 2023 | December 15, 2023 | December 29, 2023 | November 02, 2023 |
| $0.07 | $0.07 | November 29, 2023 | November 30, 2023 | December 20, 2023 | November 02, 2023 |
| $0.46 | $0.46 | September 14, 2023 | September 15, 2023 | September 29, 2023 | August 03, 2023 |
| $0.06 | $0.06 | August 30, 2023 | August 31, 2023 | September 20, 2023 | August 03, 2023 |
| $0.46 | $0.46 | June 14, 2023 | June 15, 2023 | June 30, 2023 | May 08, 2023 |
| $0.04 | $0.04 | May 30, 2023 | May 31, 2023 | June 20, 2023 | May 08, 2023 |
| $0.46 | $0.46 | March 14, 2023 | March 15, 2023 | March 31, 2023 | February 16, 2023 |
| $0.09 | $0.09 | February 27, 2023 | February 28, 2023 | March 20, 2023 | February 16, 2023 |
| $0.45 | $0.45 | December 14, 2022 | December 15, 2022 | December 30, 2022 | November 01, 2022 |
| $0.42 | $0.42 | September 14, 2022 | September 15, 2022 | September 30, 2022 | August 02, 2022 |
Sixth Street Specialty Lending News
Read the latest news about Sixth Street Specialty Lending, including recent articles, headlines, and updates.
Sixth Street Specialty Lending: A Quality Dividend Powerhouse For Long-Term Investors
Sixth Street Specialty Lending provides investors with a 10% dividend yield and low volatility, which makes it suitable for defensive income-focused portfolios that require stable cash flows. The company maintains stable stock performance, solid financials and prudent leverage which supports its ability to continue dividend payments even though it trades at a premium to NAV. The recent price pullback presents an attractive entry point, with potential gains of nearly 18% and a solid risk/reward balance.
Sixth Street Specialty Lending: Time To Pull The Trigger And Buy (Rating Upgrade)
Sixth Street Specialty Lending offers a well-covered 9% dividend yield, with robust dividend coverage and supplemental dividends, making it attractive for passive income investors. The BDC's focus on first liens, which are the safest loans, provides portfolio and income stability, especially during economic uncertainties. Despite a high price-to-NAV ratio, TSLX's 9% yield is affordable, with potential for re-rating higher based on net investment income metrics.
Sixth Street Specialty Lending, Inc. Schedules Earnings Release and Conference Call to Discuss its First Quarter Ended March 31, 2025 Financial Results
NEW YORK--(BUSINESS WIRE)--Sixth Street Specialty Lending, Inc. (NYSE: TSLX) (“TSLX” or “the Company") announced today that it will release its financial results for the first quarter ended March 31, 2025 on Wednesday, April 30, 2025, after the market closes. TSLX invites all interested persons to its webcast / conference call on Thursday, May 1, 2025 at 8:30 a.m. Eastern Time to discuss its first quarter ended March 31, 2025 financial results. Conference Call Information: The conference call w.
Let's Talk Mortgage REITs (But Not For Too Long)
A bunch of mortgage REITs were severely overvalued. Now they are less overvalued. But some others are actually bargains. Tons of charts because images are fun. Ellington Financial's higher price-to-book ratio may be due to lower volatility in the total economic return by period. Digital Realty Trust deserves to be mocked. I am reporting for duty!
Sixth Street Specialty Lending: Improved Fundamentals But Expensive
TSLX offers a high dividend yield of 9.2%, supported by strong earnings and supplemental distributions, making it attractive for reliable income seekers. The portfolio is well-diversified with 94% in first lien senior secured debt, reducing risk and ensuring high repayment priority. Non-accrual rates have improved to 1.4%, indicating better portfolio quality compared to peers and strong management underwriting.
9% Yields From Baby Bonds
Yield to maturity is crucial in baby bond analysis. Yield to call can also be relevant when call risk is more relevant. We're starting with a hypothetical for demonstrating a key point, then we'll look at two baby bonds as they are trading today. Market inefficiencies can arise from liquidity issues, creating trading opportunities between similar preferred shares or baby bonds.
Sixth Street Specialty Lending, Inc. Prices Public Offering of $300.0 million 5.625% Unsecured Notes due 2030
NEW YORK--(BUSINESS WIRE)--Sixth Street Specialty Lending, Inc. (NYSE:TSLX) (“TSLX” or the “Company”) announced today that it has priced an underwritten public offering of $300.0 million in aggregate principal amount of 5.625% notes due 2030. The notes will mature on August 15, 2030 and may be redeemed in whole or in part at TSLX's option at any time at par plus a “make-whole” premium, if applicable. TSLX expects to use the net proceeds of the offering to pay down outstanding debt under its rev.
Sixth Street Specialty Lending, Inc. (TSLX) Q4 2024 Earnings Call Transcript
Sixth Street Specialty Lending, Inc. (NYSE:TSLX ) Q4 2024 Earnings Conference Call February 14, 2025 8:30 AM ET Company Participants Cami VanHorn - Head, Investor Relations Joshua Easterly - Chief Executive Officer Bo Stanley - President Ian Simmonds - Chief Financial Officer Conference Call Participants Finian O'Shea - Wells Fargo Securities Brian McKenna - Citizens JMP Mickey Schleien - Ladenburg Ken Lee - RBC Capital Markets Melissa Wedel - JPMorgan Robert Dodd - Raymond James Maxwell Fritscher - Truist Paul Johnson - KBW Operator Good morning, and welcome to Sixth Street Specialty Lending, Inc.'s Fourth Quarter and Fiscal Year Ended December 31, 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
Sixth St (TSLX) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
Although the revenue and EPS for Sixth St (TSLX) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Sixth Street Specialty Lending: Strong Liquidity Enables Navigation Of Lower Interest Rates
Sixth Street Specialty Lending has shown strong performance in a high interest rate environment and is well-positioned for potential lower rates. Despite a flat share price, TSLX's solid portfolio and strong dividend coverage make it a good buy on market pullbacks. The latest quarter saw TSLX beat total investment income estimates, although net investment income slightly declined from previous quarters.
Steeper Yield Curve And BDCs: This Is What You Have To Know
The past couple of months, which include the steepening of the yield curve, have been positive for BDCs. However, higher long-term rates and a steeper yield curve create a net negative effect for BDC fundamentals. In this article, I explain the recent divergence between BDC prices and the worsening interest rate environment.
Sixth Street Specialty Lending, Inc. Schedules Earnings Release and Conference Call to Discuss its Fourth Quarter and Fiscal Year Ended December 31, 2024 Financial Results
NEW YORK--(BUSINESS WIRE)--Sixth Street Specialty Lending, Inc. (NYSE: TSLX) (“TSLX” or “the Company") announced today that it will release its financial results for the fourth quarter and fiscal year ended December 31, 2024 on Thursday, February 13, 2025, after the market closes. TSLX invites all interested persons to its webcast / conference call on Friday, February 14, 2025 at 8:30 a.m. Eastern Time to discuss its fourth quarter and fiscal year ended December 31, 2024 financial results. Conf.
Sixth Street Specialty Lending: Lower Interest Rates Won't Hurt Its Income Potential
Sixth Street Specialty Lending is well-positioned to thrive in a decreasing interest rate environment while maintaining solid dividend coverage. TSLX's defensive portfolio features first-lien debt orientation, effective voting control on 78% of debt investments, and reasonable non-accruals at 1.9%. Despite interest rate cuts, TSLX's dividend coverage remains robust, with a margin of safety of 107% even with further 200 bps cuts.
1 Underrated And 1 Overrated BDC Yielding 9%+
The BDC universe is small and a large chunk of it is uninvestable for institutional money managers. This renders the sector susceptible to emotional and unsubstantiated flows that ultimately create dislocations. I share two BDCs that offer yields of around 9.5%.
8 Stocks I'm Buying As I Hone My Buying Strategy For 2025
I visualize my portfolio as a galley ship with rowers (steady compounders) and sails (high-yielding securities) for balanced growth and income. In 2025, my goal is to refocus on rowers to enhance dividend growth, using Schwab US Dividend Equity ETF (SCHD) as a primary vehicle. I've sold high-risk stocks and reinvested in higher-yielding, safer options, but my portfolio is now too weighted towards immediate income.
2 BDCs That Could Be The Next Stars In The Sector
The BDC segment offers significant opportunities for retail investors due to low competition from institutional investors and potential valuation inefficiencies. The best thing that could happen is if we identify these inefficiencies within BDCs that carry robust fundamentals and safe dividend coverage levels. In this article, I share two picks, which, in my opinion, are set to become the next stars in the BDC space (similar to BXSL).
BDC Weekly Review: Two BDC Performance Headwinds
We take a look at the action in business development companies through the third week of November and highlight some of the key themes we are watching. BDCs posted a strong 2% return this week as market sentiment improved and Treasury yields stabilized. Tightening credit spreads and increasing covenant-lite deals pose potential future risks, reducing portfolio yield and potential capital gains.
Investing In BDCs For 10%+ Yields? This Is What Matters Now
When investing for 10%+ BDC yields, investors have to pay extra attention to leverage, dividend coverage, and portfolio quality. Going into Q3, 2024 earnings season, my expectation was that we would see elevated volatility levels and falling NII results. While the actual results have been mostly positive for high-quality BDCs (and even for some speculative picks), many risks remain open.
TSLX: 10% Yielding BDC Suitable For Watch List
Despite solid 2024 NII growth, Sixth Street Specialty Lending, Inc.'s realized and unrealized gains fell, but dividends and NII coverage remain strong. TSLX's portfolio is 94% secured loans, with 98.8% at floating rates, and has diversified industry exposure and internal ratings. TSLX trades at a premium to NAV; advised to add to your watch list and watch for market pullbacks for better entry points.
Sixth Street Specialty Lending: Underwhelming Performance And Rising Non-Accruals (Rating Downgrade)
I am downgrading Sixth Street Specialty Lending stock to a hold due to its continued underperformance against peers and unjustified premium valuation. Despite a high 10.3% dividend yield and consistent dividend history, TSLX's total return is lackluster, only achieving a 1% YTD return. The non-accrual rate has increased to 1.9%, indicating rising vulnerability in the current high-interest rate environment.
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