Balance Sheet Carlyle Secured Lending, Inc.

Stocks

CGBD

US8722801029

Investment Management & Fund Operators

Market Closed - Nasdaq Other stock markets 21:00:00 08/06/2026 BST			5-day change	1st Jan Change
10.60 ^USD	-0.38%		-1.94%	-15.13%

05-22	BofA Securities Adjusts Carlyle Secured Lending PT to $10.50 From $11	MT
05-15	Ares Management bulks up on credit funds in first quarter of 2026	RE

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Published financial data: CARLYLE SECURED LENDING, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Interest And Invest. Income (Rev)	171M	207M	242M	233M	256M
Total Revenues	171M	207M	242M	233M	256M
Gross Profit	171M	207M	242M	233M	256M
Selling General & Admin Expenses, Total	52.85M	57.42M	57.51M	56.11M	64.83M
Other Operating Expenses, Total	52.85M	57.42M	57.51M	56.11M	64.83M
Operating Income	118M	150M	184M	176M	191M
Interest Expense, Total	-29.59M	-42.83M	-763K	-856K	-1.02M
Net Interest Expenses	-29.59M	-42.83M	-763K	-856K	-1.02M
Currency Exchange Gains (Loss)	1.78M	6.23M	-3.54M	3.7M	-11.88M
Other Non Operating Income (Expenses)	-1.16M	-1.13M	-70.95M	-67.63M	-87.06M
EBT, Excl. Unusual Items	89.42M	112M	109M	112M	90.77M
Gain (Loss) On Sale Of Investments	71.72M	-24.63M	-14.15M	-19.97M	-18.9M
EBT, Incl. Unusual Items	161M	87.47M	94.72M	91.72M	71.88M
Income Tax Expense	782K	1.83M	2.44M	2.74M	1.91M
Earnings From Continuing Operations	160M	85.64M	92.28M	88.98M	69.97M
Net Income to Company	160M	85.64M	92.28M	88.98M	69.97M
Net Income - (IS)	160M	85.64M	92.28M	88.98M	69.97M
Preferred Dividend and Other Adjustments	3.5M	3.5M	3.5M	3.5M	826K
Net Income to Common Incl Extra Items	157M	82.14M	88.78M	85.48M	69.15M
Net Income to Common Excl. Extra Items	157M	82.14M	88.78M	85.48M	69.15M
Per Share Items
Net EPS - Basic	2.89	1.58	1.75	1.68	1.02
Basic EPS - Continuing Operations	2.89	1.58	1.75	1.68	1.02
Basic Weighted Average Shares Outstanding	54.24M	52.11M	50.82M	50.83M	67.72M
Net EPS - Diluted	2.69	1.49	1.64	1.58	1.01
Diluted EPS - Continuing Operations	2.69	1.49	1.64	1.58	1.01
Diluted Weighted Average Shares Outstanding	59.53M	57.48M	56.31M	56.47M	69.04M
Normalized Basic EPS	1.03	1.34	1.34	1.37	0.84
Normalized Diluted EPS	0.94	1.22	1.21	1.24	0.82
Dividend Per Share	1.28	1.34	1.48	1.6	1.6
Payout Ratio	52.17	101.38	100.81	107.89	148.69
Supplemental Items
EBITA	118M	150M	184M	176M	191M
EBIT	118M	150M	184M	176M	191M
Total Revenues (As Reported)	171M	207M	242M	233M	256M
Effective Tax Rate - (Ratio)	0.49	2.09	2.57	2.99	2.65
Normalized Net Income	55.88M	70.06M	68.04M	69.81M	56.73M
Interest on Long-Term Debt	29.59M	42.83M	70.41M	66.12M	85.81M
Supplemental Operating Expense Items
General and Administrative Expenses	52.85M	57.42M	57.51M	56.11M	64.83M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	22.99M	16.09M	22.56M	29.67M	45.02M
Trading Asset Securities, Total	-	-	-	164K	298K
Total Cash And Short Term Investments	22.99M	16.09M	22.56M	29.84M	45.32M
Accounts Receivable, Total	20.67M	25.55M	33.76M	57.84M	239M
Total Receivables	20.67M	25.55M	33.76M	57.84M	239M
Prepaid Expenses	1.48M	5.76M	6.49M	6.17M	10.02M
Restricted Cash	70.08M	14.41M	37.89M	26.9M	31.47M
Other Current Assets, Total	-	-	-	1.7M	-
Total Current Assets	115M	61.82M	101M	122M	326M
Long-term Investments	1.91B	1.98B	1.84B	1.8B	2.46B
Deferred Charges Long-Term	3.07M	-	-	-	-
Total Assets	2.03B	2.04B	1.94B	1.93B	2.79B
Liabilities
Accounts Payable, Total	323K	287K	-	1.35M	21.55M
Accrued Expenses, Total	17.5M	24.35M	27.26M	28.7M	39.86M
Other Current Liabilities	20.7M	22.45M	22.32M	22.91M	28.72M
Total Current Liabilities	38.52M	47.08M	49.58M	52.96M	90.13M
Long-Term Debt	1.04B	1.08B	980M	968M	1.53B
Other Non Current Liabilities	-	-	-	-	-
Total Liabilities	1.08B	1.12B	1.03B	1.02B	1.62B
Preferred Stock Convertible	50M	50M	50M	50M	-
Total Preferred Equity	50M	50M	50M	50M	-
Common Stock, Total	532K	511K	508K	509K	718K
Additional Paid In Capital	1.05B	1.02B	1.02B	1.01B	1.36B
Retained Earnings	-153M	-154M	-152M	-158M	-196M
Comprehensive Income and Other	-1.63M	-1.63M	-1.63M	-1.63M	-1.63M
Total Common Equity	899M	867M	863M	855M	1.17B
Total Equity	949M	917M	913M	905M	1.17B
Total Liabilities And Equity	2.03B	2.04B	1.94B	1.93B	2.79B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	52.84M	50.82M	50.79M	50.96M	70.68M
ECS Total Common Shares Outstanding	53.14M	51.06M	50.79M	50.91M	71.81M
Book Value / Share	16.91	16.99	16.99	16.8	16.26
Tangible Book Value	899M	867M	863M	855M	1.17B
Tangible Book Value Per Share	16.91	16.99	16.99	16.8	16.26
Total Debt	1.04B	1.08B	980M	968M	1.53B
Net Debt	1.02B	1.06B	958M	938M	1.49B
Account Code - Inventory Valuation	3	3	3	3	3

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	160M	85.64M	92.28M	88.98M	69.97M
Amortization of Deferred Charges, Total - (CF)	1.34M	1.38M	1.29M	3.49M	5.3M
(Gain) Loss on Sale of Investments - (CF)	-81.1M	14.64M	5.72M	8.97M	13.54M
Other Operating Activities, Total	-4.9M	-89.2M	138M	-5.99M	-310M
Change In Accounts Receivable	-461K	-3.88M	-9.7M	1.29M	18.4M
Change in Other Net Operating Assets	202K	5.94M	3.02M	7.53M	-1.94M
Cash from Operations	75.43M	14.51M	231M	104M	-205M
Long-Term Debt Issued, Total	419M	372M	252M	1.17B	1.67B
Total Debt Issued	419M	372M	252M	1.17B	1.67B
Long-Term Debt Repaid, Total	-358M	-333M	-350M	-1.17B	-1.32B
Total Debt Repaid	-358M	-333M	-350M	-1.17B	-1.32B
Issuance of Common Stock	-	-	-	-	101K
Repurchase of Common Stock	-28.44M	-28.46M	-3.99M	-	-13.87M
Issuance of Preferred Stock	-	-	-	-	-
Common Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-83.66M	-86.82M	-93.02M	-96M	-104M
Common & Preferred Stock Dividends Paid	-83.66M	-86.82M	-93.02M	-96M	-104M
Special Dividend Paid	-	-	-	-	-
Other Financing Activities, Total	-382K	-1.29M	-5.04M	-7.98M	-7.27M
Cash from Financing	-50.78M	-77.08M	-201M	-108M	224M
Net Change in Cash	24.66M	-62.57M	29.94M	-3.87M	19.92M
Supplemental Items
Cash Interest Paid	29.36M	38.48M	68.36M	63.63M	77.33M
Cash Income Tax Paid (Refund)	641K	774K	1.84M	2.43M	2.73M
Levered Free Cash Flow	6.79M	126M	85.97M	101M	-27.27M
Unlevered Free Cash Flow	23.95M	152M	85.16M	98.22M	-31.93M
Change In Net Working Capital	50.05M	-58.14M	29.91M	12.08M	151M
Net Debt Issued / Repaid	61.7M	39.49M	-98.62M	-4.16M	350M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	3.74	4.6	5.78	5.7	5.06
Return on Total Capital	3.82	4.7	5.92	5.86	5.21
Return On Equity %	17.33	9.18	10.08	9.79	6.75
Return on Common Equity	17.92	9.3	10.26	9.95	6.84
Margin Analysis
Gross Profit Margin %	100	100	100	100	100
SG&A Margin	30.86	27.71	23.8	24.13	25.37
EBITA Margin %	69.14	72.29	76.2	75.87	74.63
EBIT Margin %	69.14	72.29	76.2	75.87	74.63
Income From Continuing Operations Margin %	93.64	41.32	38.19	38.26	27.38
Net Income Margin %	93.64	41.32	38.19	38.26	27.38
Net Avail. For Common Margin %	91.6	39.63	36.74	36.75	27.06
Normalized Net Income Margin	32.64	33.8	28.16	30.01	22.2
Levered Free Cash Flow Margin	3.97	60.98	35.58	43.5	-10.67
Unlevered Free Cash Flow Margin	13.98	73.23	35.24	42.23	-12.5
Asset Turnover
Asset Turnover	0.09	0.1	0.12	0.12	0.11
Short Term Liquidity
Current Ratio	2.99	1.31	2.03	2.31	3.62
Quick Ratio	1.13	0.88	1.14	1.66	3.16
Operating Cash Flow to Current Liabilities	1.96	0.31	4.65	1.97	-2.27
Long Term Solvency
Total Debt/Equity	110.04	117.41	107.38	106.92	131.29
Total Debt / Total Capital	52.39	54	51.78	51.67	56.76
LT Debt/Equity	110.04	117.41	107.38	106.92	131.29
Long-Term Debt / Total Capital	52.39	54	51.78	51.67	56.76
Total Liabilities / Total Assets	53.29	55.07	53.01	53	58.16
EBIT / Interest Expense	4	3.5	241.31	206.16	186.09
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-5.97	21.03	16.58	-3.74	9.88
Gross Profit, 1 Yr. Growth %	-5.97	21.03	16.58	-3.74	9.88
EBITA, 1 Yr. Growth %	-8.2	26.56	22.88	-4.15	8.08
EBIT, 1 Yr. Growth %	-8.2	26.56	22.88	-4.15	8.08
Earnings From Cont. Operations, 1 Yr. Growth %	2.25K	-46.59	7.76	-3.58	-21.36
Net Income, 1 Yr. Growth %	2.25K	-46.59	7.76	-3.58	-21.36
Normalized Net Income, 1 Yr. Growth %	4.54	25.37	-2.88	2.59	-18.73
Diluted EPS Before Extra, 1 Yr. Growth %	3.27K	-44.69	10	-3.85	-35.68
Accounts Receivable, 1 Yr. Growth %	-13.84	23.59	32.13	71.33	313.94
Total Assets, 1 Yr. Growth %	5.66	0.51	-4.85	-0.85	44.87
Tangible Book Value, 1 Yr. Growth %	5.57	-3.49	-0.53	-0.88	36.5
Common Equity, 1 Yr. Growth %	5.57	-3.49	-0.53	-0.88	36.5
Cash From Operations, 1 Yr. Growth %	-75.28	-80.76	1.49K	-54.79	-296.19
Levered Free Cash Flow, 1 Yr. Growth %	-72.89	3.29K	-43.67	16.35	-126.96
Unlevered Free Cash Flow, 1 Yr. Growth %	-48.49	626.95	-43.89	14.02	-132.51
Dividend Per Share, 1 Yr. Growth %	-7.25	4.69	10.45	8.11	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-12.03	6.68	18.79	5.94	2.84
Gross Profit, 2 Yr. CAGR %	-12.03	6.68	18.79	5.94	2.84
EBITA, 2 Yr. CAGR %	-14.44	7.79	24.71	8.53	1.78
EBIT, 2 Yr. CAGR %	-14.44	7.79	24.71	8.53	1.78
Earnings From Cont. Operations, 2 Yr. CAGR %	61.7	254.12	-24.14	1.93	-12.92
Net Income, 2 Yr. CAGR %	61.7	254.12	-24.14	1.93	-12.92
Normalized Net Income, 2 Yr. CAGR %	-8.23	14.48	10.34	-0.18	-8.69
Diluted EPS Before Extra, 2 Yr. CAGR %	62.59	331.54	-22	2.84	-21.36
Accounts Receivable, 2 Yr. CAGR %	-4.08	3.19	27.79	50.46	166.31
Total Assets, 2 Yr. CAGR %	-3.64	3.05	-2.21	-2.87	19.85
Tangible Book Value, 2 Yr. CAGR %	-3.06	0.94	-2.02	-0.71	16.32
Common Equity, 2 Yr. CAGR %	-3.06	0.94	-2.02	-0.71	16.32
Cash From Operations, 2 Yr. CAGR %	-9.4	-78.19	74.85	168.04	-5.82
Levered Free Cash Flow, 2 Yr. CAGR %	-66.8	124.6	98.84	-18.58	-44
Unlevered Free Cash Flow, 2 Yr. CAGR %	-49.08	80.69	101.96	-19.56	-39.11
Dividend Per Share, 2 Yr. CAGR %	-7	-1.46	7.53	9.27	3.98
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-6.21	-2.16	9.88	10.75	7.23
Gross Profit, 3 Yr. CAGR %	-6.21	-2.16	9.88	10.75	7.23
EBITA, 3 Yr. CAGR %	-7.33	-2.52	12.6	14.23	8.38
EBIT, 3 Yr. CAGR %	-7.33	-2.52	12.6	14.23	8.38
Earnings From Cont. Operations, 3 Yr. CAGR %	60.05	11.77	138.19	-17.83	-6.51
Net Income, 3 Yr. CAGR %	60.05	11.77	138.19	-17.83	-6.51
Normalized Net Income, 3 Yr. CAGR %	-6.29	1.83	8.37	7.7	-6.79
Diluted EPS Before Extra, 3 Yr. CAGR %	62.69	13.5	173.62	-16.37	-12.05
Accounts Receivable, 3 Yr. CAGR %	-1.02	4.38	12.05	40.91	110.83
Total Assets, 3 Yr. CAGR %	-0.86	-2.27	0.34	-1.76	10.97
Tangible Book Value, 3 Yr. CAGR %	-5.45	-3.2	0.45	-1.64	10.41
Common Equity, 3 Yr. CAGR %	-5.45	-3.2	0.45	-1.64	10.41
Cash From Operations, 3 Yr. CAGR %	37.85	-45.95	-8.91	11.39	141.56
Levered Free Cash Flow, 3 Yr. CAGR %	-53.59	27.07	50.83	66.94	-43.68
Unlevered Free Cash Flow, 3 Yr. CAGR %	-35.74	18	22.36	67.56	-40.52
Dividend Per Share, 3 Yr. CAGR %	-4.72	-3.26	2.36	7.72	6.09
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	9.06	4.67	3.09	1	7.01
Gross Profit, 5 Yr. CAGR %	9.06	4.67	3.09	1	7.01
EBITA, 5 Yr. CAGR %	8.5	4.73	4.36	1.76	8.14
EBIT, 5 Yr. CAGR %	8.5	4.73	4.36	1.76	8.14
Earnings From Cont. Operations, 5 Yr. CAGR %	18.1	0.34	18.73	7.73	59.26
Net Income, 5 Yr. CAGR %	18.1	0.34	18.73	7.73	59.26
Normalized Net Income, 5 Yr. CAGR %	8.42	3.94	0.04	1.02	1.2
Diluted EPS Before Extra, 5 Yr. CAGR %	6.88	-1.28	21.24	9.11	66.17
Accounts Receivable, 5 Yr. CAGR %	-4.15	7.13	9.63	20.82	58.42
Total Assets, 5 Yr. CAGR %	6.39	0.2	-1.4	-2.51	7.73
Tangible Book Value, 5 Yr. CAGR %	3.3	-5.11	-4.09	-2.21	6.52
Common Equity, 5 Yr. CAGR %	3.3	-5.11	-4.09	-2.21	6.52
Cash From Operations, 5 Yr. CAGR %	-24.85	-48.11	51.6	2.56	-7.69
Levered Free Cash Flow, 5 Yr. CAGR %	-23.27	6.13	4.81	10.43	1.71
Unlevered Free Cash Flow, 5 Yr. CAGR %	-7.4	6.9	-1.16	1.24	-7.24
Dividend Per Share, 5 Yr. CAGR %	-4.48	3.84	0	1.57	3