Carlyle Secured Lending, Inc. 8.20% Notes due 2028 (CGBDL) 10-Year Financial Performance & Capital Metrics

CGBDL • • Banking & Credit

Financial ServicesInvestment BankingSpecialty Finance & Direct LendingBusiness Development Companies

AboutCarlyle Secured Lending is an externally managed specialized finance company specializing in providing flexible lending options to middle-market companies primarily in the United States. We concentrate on companies backed by private equity sponsors in a number of industries that have defensive specialized strategies and long-term market leadership.Show more

Net Interest Income $0 +100.0%
Total Revenue $194M -11.8%
Net Income $89M -3.6%
Return on Equity 6.49% +33.7%
Net Interest Margin 0% +100.0%
Efficiency Ratio -7.24% -701.4%
ROA 4.6% -0.7%
Equity / Assets 47.04% -50.1%
Book Value per Share 16.06 -50.7%
Tangible BV/Share 16.06 -50.7%
Debt/Equity 1.06 +98.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: -7.2% efficiency ratio
✓Well capitalized: 47.0% equity/assets
✓Diversified revenue: 100.0% from non-interest income
✓Trading near 52-week high

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Dividend payout exceeds 100% of earnings

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y1.21%

3Y0.7%

TTM-

Profit (Net Income) CAGR

10Y-

5Y7.73%

3Y-17.83%

TTM-62.98%

EPS CAGR

10Y-

5Y9.15%

3Y-18.23%

TTM-66.47%

ROCE

10Y Avg27.71%

5Y Avg4.38%

3Y Avg5.22%

Latest8.17%

Peer Comparison

Business Development Companies

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
OCSLOaktree Specialty Lending Corporation	1.15B	13.00	33.33	60.93%	11.32%	2.31%	19.94%	1.01
CGBDLCarlyle Secured Lending, Inc. 8.20% Notes due 2028	1.86B	25.48	16.13	-11.85%	45.8%	3.02%	4.09%	1.06
SAJSaratoga Investment Corp 8.00%	411.55M	25.49	12.62	35.4%	29.83%	9.33%	48%	1.99
FCRXCrescent Capital BDC, Inc.		25.05	12.59	7.18%	37.32%	5.04%		1.18
SAZSaratoga Investment Corp 8.50%	410.13M	25.40	12.58	35.4%	29.83%	9.33%	48.17%	1.99
SAYSaratoga Investment Corp 8.125%		25.39	12.57	35.4%	29.83%	9.33%		1.99
BBDCBarings BDC, Inc.	975.87M	9.28	8.92	-27.7%	52.74%	6.68%	12.08%	1.22
OBDCBlue Owl Capital Corporation	6.51B	12.73	8.32	-13.67%	54.06%	8.71%	2.46%	1.25

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	0	0	0	0	-53.67M	-39.58M	-30.75M	-43.96M	-71.71M	0
NII Growth %	-	-	-	-	-	0.26%	0.22%	-0.43%	-0.63%	1%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	11.48M	19.04M	26.49M	40.1M	53.67M	39.58M	30.75M	43.96M	71.71M	0
Loan Loss Provision	6.9M	8.93M	14.58M	13.23M	1.06M	8.3M	16.61M	7.89M	-19.29M	50.14M
Non-Interest Income+	70.35M	101.33M	153.31M	206.16M	182.92M	123.64M	190.28M	208.22M	220.39M	194.27M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	70.35M	101.33M	153.31M	206.16M	182.92M	123.64M	190.28M	208.22M	220.39M	194.27M
Revenue Growth %	-	0.44%	0.51%	0.34%	-0.11%	-0.32%	0.54%	0.09%	0.06%	-0.12%
Non-Interest Expense	21.82M	-15.48M	1.28M	73.39M	10.89M	24.93M	-47.19M	31.17M	-1.99M	-14.07M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	30.15M	88.84M	110.96M	79.44M	117.31M	50.83M	190.1M	125.2M	169.96M	158.2M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-	1.95%	0.25%	-0.28%	0.48%	-0.57%	2.74%	-0.34%	0.36%	-0.07%
Pretax Income+	18.67M	88.84M	110.96M	39.34M	61.73M	7.4M	161.13M	87.47M	94.72M	91.72M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	0	88.84M	110.96M	0	404K	573K	782K	1.83M	2.44M	2.74M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	18.67M	69.81M	84.46M	39.34M	61.33M	6.83M	160.35M	85.64M	92.28M	88.98M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-	2.74%	0.21%	-0.53%	0.56%	-0.89%	22.48%	-0.47%	0.08%	-0.04%
Net Income (Continuing)	18.67M	69.81M	84.46M	39.34M	61.33M	6.83M	160.35M	85.64M	92.28M	88.98M
EPS (Diluted)+	2.99	11.16	5.31	6.29	1.02	0.08	2.89	1.43	1.64	1.58
EPS Growth %	-	2.73%	-0.52%	0.18%	-0.84%	-0.92%	34.81%	-0.51%	0.15%	-0.04%
EPS (Basic)	2.99	11.16	5.31	6.29	1.02	0.08	2.89	1.58	1.82	1.68
Diluted Shares Outstanding	6.25M	6.25M	15.9M	6.25M	60.19M	56.42M	54.24M	57.48M	56.31M	56.47M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	41.84M	38.49M	32.04M	87.19M	36.75M	68.42M	93.07M	30.51M	60.45M	56.58M
Short Term Investments	0	0	0	0	0	0	0	0	0	0
Total Investments+	1.05B	1.42B	1.97B	1.97B	2.12B	1.83B	1.91B	1.98B	1.84B	0
Investments Growth %	-	0.35%	0.38%	0%	0.08%	-0.14%	0.05%	0.03%	-0.07%	-1%
Long-Term Investments	1.05B	1.42B	1.97B	1.97B	2.12B	1.83B	1.91B	1.98B	1.84B	0
Accounts Receivables	0	0	0	0	0	0	0	0	0	0
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
PP&E (Net)	0	0	0	0	0	0	0	0	0	0
Other Assets	4.26M	-1.49B	-2.02B	-2.08B	-2.18B	-1.92B	-2.03B	-2.04B	-1.94B	0
Total Current Assets	47.18M	64.12M	51.77M	110.14M	60.85M	94.05M	115.38M	57.69M	2.04B	0
Total Non-Current Assets	1.06B	1.43B	1.97B	1.98B	2.13B	1.83B	1.92B	1.99B	1.85B	0
Total Assets+	1.1B	1.49B	2.02B	2.09B	2.19B	1.92B	2.03B	2.04B	1.94B	1.93B
Asset Growth %	-	0.35%	0.36%	0.03%	0.05%	-0.12%	0.06%	0.01%	-0.05%	-0.01%
Return on Assets (ROA)	0.02%	0.05%	0.05%	0.02%	0.03%	0%	0.08%	0.04%	0.05%	0.05%
Accounts Payable	0	0	0	0	0	0	0	0	0	0
Total Debt+	504.96M	42K	76K	129K	1.18B	983.92M	1.04B	1.08B	980.18M	960.95M
Net Debt	463.12M	-38.45M	-31.96M	-87.06M	1.14B	915.5M	950.95M	1.05B	919.74M	904.37M
Long-Term Debt	504.96M	692.73M	833.95M	960.68M	1.18B	983.92M	1.04B	1.08B	980.18M	960.95M
Short-Term Debt	0	692.73M	833.95M	960.68M	1.18B	983.92M	1.04B	1.08B	980.18M	0
Other Liabilities	27.35M	-64.12M	-51.77M	-110.14M	-60.85M	-94.05M	-115.38M	-57.69M	-95.84M	-960.95M
Total Current Liabilities	0	1.42B	1.73B	1.98B	2.41B	2.01B	2.13B	2.2B	2.01B	0
Total Non-Current Liabilities	532.31M	726.02M	894.08M	1.02B	1.23B	1.02B	1.08B	1.12B	1.03B	0
Total Liabilities	532.31M	417K	622K	622K	1.23B	1.02B	1.08B	1.12B	1.03B	1.02B
Total Equity+	571.8M	2.14B	2.82B	2.96B	2.1B	1.82B	1.9B	1.97B	1.83B	906.84M
Equity Growth %	-	2.75%	0.32%	0.05%	-0.29%	-0.13%	0.05%	0.03%	-0.07%	-0.51%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.03%	0.05%	0.03%	0.01%	0.02%	0%	0.09%	0.04%	0.05%	0.06%
Book Value per Share	91.41	342.84	177.67	473.20	34.88	32.23	35.05	34.20	32.57	16.06
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	315K	417K	622K	622K	578K	553K	532K	511K	508K	509K
Additional Paid-in Capital	0	0	0	0	0	0	0	0	0	1.01B
Retained Earnings	-42.46M	764.21M	1.13B	1.06B	-151.71M	-228.99M	-152.52M	-153.68M	-151.74M	-157.98M
Accumulated OCI	614.26M	764.21M	1.13B	1.06B	958.1M	903M	950.44M	919.06M	914.45M	0
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	0	50M	50M	50M	50M	50M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	35.2M	57.45M	81.9M	93.89M	83.4M	237.19M	69.37M	71.47M	76.23M	75.93M
Operating CF Growth %	-	0.63%	0.43%	0.15%	-0.11%	1.84%	-0.71%	0.03%	0.07%	-0%
Net Income	18.67M	69.81M	84.2M	39.12M	61.33M	6.83M	160.35M	85.64M	92.28M	88.98M
Depreciation & Amortization	0	0	0	0	0	0	0	0	0	0
Deferred Taxes	0	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	14.52M	-14.79M	-3.38M	55M	31.18M	243.73M	-90.93M	-14.44M	-9.37M	-21.87M
Working Capital Changes	1.67M	2.02M	1.6M	1.05M	-5.22M	-8.32M	-259K	2.06M	-6.68M	8.82M
Cash from Investing+	-425.15M	-372.06M	-467.55M	-65.09M	-175.29M	67.97M	6.06M	-56.96M	154.38M	28.33M
Purchase of Investments	-653.15M	-755.65M	-1.28B	-953.16M	-994.37M	-620.83M	-842.98M	-635.28M	-207.2M	-454.31M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	0	0	0	0	0	0
Other Investing	0	0	0	0	0	0	0	0	0	0
Cash from Financing+	423.03M	311.26M	379.2M	26.35M	41.46M	-273.49M	-50.78M	-77.08M	-200.67M	-108.14M
Dividends Paid	-35.55M	-61.2M	-76.05M	-93.3M	-107.1M	-96.55M	-83.66M	-86.82M	-93.02M	-96M
Share Repurchases	0	0	0	-4.87M	-64.72M	-27.25M	-28.44M	-28.46M	-3.99M	0
Stock Issued	262.35M	185.54M	357.43M	-15K	0	50M	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	0	0	0	0	0	0	0	0	0	-1000K
Other Financing	458.58M	372.47M	455.25M	119.66M	148.55M	-176.94M	32.88M	9.74M	-107.64M	0
Net Change in Cash+	33.08M	-3.35M	-6.45M	55.15M	-50.44M	31.67M	24.66M	-62.57M	29.94M	-3.87M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	8.75M	41.84M	38.49M	32.04M	87.19M	36.75M	68.42M	93.07M	30.51M	60.45M
Cash at End	41.84M	38.49M	32.04M	87.19M	36.75M	68.42M	93.07M	30.51M	60.45M	56.58M
Interest Paid	0	0	0	0	0	0	0	0	0	0
Income Taxes Paid	0	0	0	0	0	0	0	0	0	0
Free Cash Flow+	35.2M	57.45M	81.9M	93.89M	83.4M	237.19M	69.37M	71.47M	76.23M	75.93M
FCF Growth %	-	0.63%	0.43%	0.15%	-0.11%	1.84%	-0.71%	0.03%	0.07%	-0%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	3.27%	5.14%	3.4%	1.36%	2.42%	0.35%	8.62%	4.43%	4.86%	6.49%
Return on Assets (ROA)	1.69%	5.38%	4.81%	1.91%	2.87%	0.33%	8.1%	4.2%	4.63%	4.6%
Net Interest Margin	0%	0%	0%	0%	-2.45%	-2.06%	-1.51%	-2.15%	-3.69%	0%
Efficiency Ratio	31.01%	-15.28%	0.83%	35.6%	5.95%	20.16%	-24.8%	14.97%	-0.9%	-7.24%
Equity / Assets	51.79%	143.9%	139.64%	141.87%	95.89%	94.5%	93.53%	96.2%	94.34%	47.04%
Book Value / Share	91.41	342.84	177.67	473.2	34.88	32.23	35.05	34.2	32.57	16.06
NII Growth	-	-	-	-	-	26.25%	22.3%	-42.95%	-63.12%	100%
Dividend Payout	190.38%	87.67%	90.03%	237.14%	174.62%	1413.84%	52.17%	101.38%	100.81%	107.89%

Frequently Asked Questions

Valuation & Price

Carlyle Secured Lending, Inc. 8.20% Notes due 2028 (CGBDL) has a price-to-earnings (P/E) ratio of 16.1x. This is roughly in line with market averages.

Growth & Financials

Carlyle Secured Lending, Inc. 8.20% Notes due 2028 (CGBDL) saw revenue decline by 11.8% over the past year.

Yes, Carlyle Secured Lending, Inc. 8.20% Notes due 2028 (CGBDL) is profitable, generating $36.0M in net income for fiscal year 2024 (45.8% net margin).

Dividend & Returns

Yes, Carlyle Secured Lending, Inc. 8.20% Notes due 2028 (CGBDL) pays a dividend with a yield of 6.67%. This makes it attractive for income-focused investors.

Carlyle Secured Lending, Inc. 8.20% Notes due 2028 (CGBDL) has a return on equity (ROE) of 6.5%. This is below average, suggesting room for improvement.

Industry Metrics

Carlyle Secured Lending, Inc. 8.20% Notes due 2028 (CGBDL) has a net interest margin (NIM) of N/A. NIM has been under pressure due to interest rate environment.

Carlyle Secured Lending, Inc. 8.20% Notes due 2028 (CGBDL) has an efficiency ratio of -7.2%. This is excellent, indicating strong cost control.

US Stock Screener

...

Carlyle Secured Lending, Inc. 8.20% Notes due 2028 (CGBDL) 10-Year Financial Performance & Capital Metrics

CGBDL • • Banking & Credit

Financial ServicesInvestment BankingSpecialty Finance & Direct LendingBusiness Development Companies

Net Interest Income $0 +100.0%
Total Revenue $194M -11.8%
Net Income $89M -3.6%
Return on Equity 6.49% +33.7%
Net Interest Margin 0% +100.0%
Efficiency Ratio -7.24% -701.4%
ROA 4.6% -0.7%
Equity / Assets 47.04% -50.1%
Book Value per Share 16.06 -50.7%
Tangible BV/Share 16.06 -50.7%
Debt/Equity 1.06 +98.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: -7.2% efficiency ratio
✓Well capitalized: 47.0% equity/assets
✓Diversified revenue: 100.0% from non-interest income
✓Trading near 52-week high

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Dividend payout exceeds 100% of earnings

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y1.21%

3Y0.7%

TTM-

Profit (Net Income) CAGR

10Y-

5Y7.73%

3Y-17.83%

TTM-62.98%

EPS CAGR

10Y-

5Y9.15%

3Y-18.23%

TTM-66.47%

ROCE

10Y Avg27.71%

5Y Avg4.38%

3Y Avg5.22%

Latest8.17%

Peer Comparison

Business Development Companies

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
OCSLOaktree Specialty Lending Corporation	1.15B	13.00	33.33	60.93%	11.32%	2.31%	19.94%	1.01
CGBDLCarlyle Secured Lending, Inc. 8.20% Notes due 2028	1.86B	25.48	16.13	-11.85%	45.8%	3.02%	4.09%	1.06
SAJSaratoga Investment Corp 8.00%	411.55M	25.49	12.62	35.4%	29.83%	9.33%	48%	1.99
FCRXCrescent Capital BDC, Inc.		25.05	12.59	7.18%	37.32%	5.04%		1.18
SAZSaratoga Investment Corp 8.50%	410.13M	25.40	12.58	35.4%	29.83%	9.33%	48.17%	1.99
SAYSaratoga Investment Corp 8.125%		25.39	12.57	35.4%	29.83%	9.33%		1.99
BBDCBarings BDC, Inc.	975.87M	9.28	8.92	-27.7%	52.74%	6.68%	12.08%	1.22
OBDCBlue Owl Capital Corporation	6.51B	12.73	8.32	-13.67%	54.06%	8.71%	2.46%	1.25

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	0	0	0	0	-53.67M	-39.58M	-30.75M	-43.96M	-71.71M	0
NII Growth %	-	-	-	-	-	0.26%	0.22%	-0.43%	-0.63%	1%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	11.48M	19.04M	26.49M	40.1M	53.67M	39.58M	30.75M	43.96M	71.71M	0
Loan Loss Provision	6.9M	8.93M	14.58M	13.23M	1.06M	8.3M	16.61M	7.89M	-19.29M	50.14M
Non-Interest Income+	70.35M	101.33M	153.31M	206.16M	182.92M	123.64M	190.28M	208.22M	220.39M	194.27M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	70.35M	101.33M	153.31M	206.16M	182.92M	123.64M	190.28M	208.22M	220.39M	194.27M
Revenue Growth %	-	0.44%	0.51%	0.34%	-0.11%	-0.32%	0.54%	0.09%	0.06%	-0.12%
Non-Interest Expense	21.82M	-15.48M	1.28M	73.39M	10.89M	24.93M	-47.19M	31.17M	-1.99M	-14.07M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	30.15M	88.84M	110.96M	79.44M	117.31M	50.83M	190.1M	125.2M	169.96M	158.2M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-	1.95%	0.25%	-0.28%	0.48%	-0.57%	2.74%	-0.34%	0.36%	-0.07%
Pretax Income+	18.67M	88.84M	110.96M	39.34M	61.73M	7.4M	161.13M	87.47M	94.72M	91.72M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	0	88.84M	110.96M	0	404K	573K	782K	1.83M	2.44M	2.74M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	18.67M	69.81M	84.46M	39.34M	61.33M	6.83M	160.35M	85.64M	92.28M	88.98M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-	2.74%	0.21%	-0.53%	0.56%	-0.89%	22.48%	-0.47%	0.08%	-0.04%
Net Income (Continuing)	18.67M	69.81M	84.46M	39.34M	61.33M	6.83M	160.35M	85.64M	92.28M	88.98M
EPS (Diluted)+	2.99	11.16	5.31	6.29	1.02	0.08	2.89	1.43	1.64	1.58
EPS Growth %	-	2.73%	-0.52%	0.18%	-0.84%	-0.92%	34.81%	-0.51%	0.15%	-0.04%
EPS (Basic)	2.99	11.16	5.31	6.29	1.02	0.08	2.89	1.58	1.82	1.68
Diluted Shares Outstanding	6.25M	6.25M	15.9M	6.25M	60.19M	56.42M	54.24M	57.48M	56.31M	56.47M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	41.84M	38.49M	32.04M	87.19M	36.75M	68.42M	93.07M	30.51M	60.45M	56.58M
Short Term Investments	0	0	0	0	0	0	0	0	0	0
Total Investments+	1.05B	1.42B	1.97B	1.97B	2.12B	1.83B	1.91B	1.98B	1.84B	0
Investments Growth %	-	0.35%	0.38%	0%	0.08%	-0.14%	0.05%	0.03%	-0.07%	-1%
Long-Term Investments	1.05B	1.42B	1.97B	1.97B	2.12B	1.83B	1.91B	1.98B	1.84B	0
Accounts Receivables	0	0	0	0	0	0	0	0	0	0
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
PP&E (Net)	0	0	0	0	0	0	0	0	0	0
Other Assets	4.26M	-1.49B	-2.02B	-2.08B	-2.18B	-1.92B	-2.03B	-2.04B	-1.94B	0
Total Current Assets	47.18M	64.12M	51.77M	110.14M	60.85M	94.05M	115.38M	57.69M	2.04B	0
Total Non-Current Assets	1.06B	1.43B	1.97B	1.98B	2.13B	1.83B	1.92B	1.99B	1.85B	0
Total Assets+	1.1B	1.49B	2.02B	2.09B	2.19B	1.92B	2.03B	2.04B	1.94B	1.93B
Asset Growth %	-	0.35%	0.36%	0.03%	0.05%	-0.12%	0.06%	0.01%	-0.05%	-0.01%
Return on Assets (ROA)	0.02%	0.05%	0.05%	0.02%	0.03%	0%	0.08%	0.04%	0.05%	0.05%
Accounts Payable	0	0	0	0	0	0	0	0	0	0
Total Debt+	504.96M	42K	76K	129K	1.18B	983.92M	1.04B	1.08B	980.18M	960.95M
Net Debt	463.12M	-38.45M	-31.96M	-87.06M	1.14B	915.5M	950.95M	1.05B	919.74M	904.37M
Long-Term Debt	504.96M	692.73M	833.95M	960.68M	1.18B	983.92M	1.04B	1.08B	980.18M	960.95M
Short-Term Debt	0	692.73M	833.95M	960.68M	1.18B	983.92M	1.04B	1.08B	980.18M	0
Other Liabilities	27.35M	-64.12M	-51.77M	-110.14M	-60.85M	-94.05M	-115.38M	-57.69M	-95.84M	-960.95M
Total Current Liabilities	0	1.42B	1.73B	1.98B	2.41B	2.01B	2.13B	2.2B	2.01B	0
Total Non-Current Liabilities	532.31M	726.02M	894.08M	1.02B	1.23B	1.02B	1.08B	1.12B	1.03B	0
Total Liabilities	532.31M	417K	622K	622K	1.23B	1.02B	1.08B	1.12B	1.03B	1.02B
Total Equity+	571.8M	2.14B	2.82B	2.96B	2.1B	1.82B	1.9B	1.97B	1.83B	906.84M
Equity Growth %	-	2.75%	0.32%	0.05%	-0.29%	-0.13%	0.05%	0.03%	-0.07%	-0.51%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.03%	0.05%	0.03%	0.01%	0.02%	0%	0.09%	0.04%	0.05%	0.06%
Book Value per Share	91.41	342.84	177.67	473.20	34.88	32.23	35.05	34.20	32.57	16.06
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	315K	417K	622K	622K	578K	553K	532K	511K	508K	509K
Additional Paid-in Capital	0	0	0	0	0	0	0	0	0	1.01B
Retained Earnings	-42.46M	764.21M	1.13B	1.06B	-151.71M	-228.99M	-152.52M	-153.68M	-151.74M	-157.98M
Accumulated OCI	614.26M	764.21M	1.13B	1.06B	958.1M	903M	950.44M	919.06M	914.45M	0
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	0	50M	50M	50M	50M	50M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	35.2M	57.45M	81.9M	93.89M	83.4M	237.19M	69.37M	71.47M	76.23M	75.93M
Operating CF Growth %	-	0.63%	0.43%	0.15%	-0.11%	1.84%	-0.71%	0.03%	0.07%	-0%
Net Income	18.67M	69.81M	84.2M	39.12M	61.33M	6.83M	160.35M	85.64M	92.28M	88.98M
Depreciation & Amortization	0	0	0	0	0	0	0	0	0	0
Deferred Taxes	0	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	14.52M	-14.79M	-3.38M	55M	31.18M	243.73M	-90.93M	-14.44M	-9.37M	-21.87M
Working Capital Changes	1.67M	2.02M	1.6M	1.05M	-5.22M	-8.32M	-259K	2.06M	-6.68M	8.82M
Cash from Investing+	-425.15M	-372.06M	-467.55M	-65.09M	-175.29M	67.97M	6.06M	-56.96M	154.38M	28.33M
Purchase of Investments	-653.15M	-755.65M	-1.28B	-953.16M	-994.37M	-620.83M	-842.98M	-635.28M	-207.2M	-454.31M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	0	0	0	0	0	0
Other Investing	0	0	0	0	0	0	0	0	0	0
Cash from Financing+	423.03M	311.26M	379.2M	26.35M	41.46M	-273.49M	-50.78M	-77.08M	-200.67M	-108.14M
Dividends Paid	-35.55M	-61.2M	-76.05M	-93.3M	-107.1M	-96.55M	-83.66M	-86.82M	-93.02M	-96M
Share Repurchases	0	0	0	-4.87M	-64.72M	-27.25M	-28.44M	-28.46M	-3.99M	0
Stock Issued	262.35M	185.54M	357.43M	-15K	0	50M	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	0	0	0	0	0	0	0	0	0	-1000K
Other Financing	458.58M	372.47M	455.25M	119.66M	148.55M	-176.94M	32.88M	9.74M	-107.64M	0
Net Change in Cash+	33.08M	-3.35M	-6.45M	55.15M	-50.44M	31.67M	24.66M	-62.57M	29.94M	-3.87M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	8.75M	41.84M	38.49M	32.04M	87.19M	36.75M	68.42M	93.07M	30.51M	60.45M
Cash at End	41.84M	38.49M	32.04M	87.19M	36.75M	68.42M	93.07M	30.51M	60.45M	56.58M
Interest Paid	0	0	0	0	0	0	0	0	0	0
Income Taxes Paid	0	0	0	0	0	0	0	0	0	0
Free Cash Flow+	35.2M	57.45M	81.9M	93.89M	83.4M	237.19M	69.37M	71.47M	76.23M	75.93M
FCF Growth %	-	0.63%	0.43%	0.15%	-0.11%	1.84%	-0.71%	0.03%	0.07%	-0%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	3.27%	5.14%	3.4%	1.36%	2.42%	0.35%	8.62%	4.43%	4.86%	6.49%
Return on Assets (ROA)	1.69%	5.38%	4.81%	1.91%	2.87%	0.33%	8.1%	4.2%	4.63%	4.6%
Net Interest Margin	0%	0%	0%	0%	-2.45%	-2.06%	-1.51%	-2.15%	-3.69%	0%
Efficiency Ratio	31.01%	-15.28%	0.83%	35.6%	5.95%	20.16%	-24.8%	14.97%	-0.9%	-7.24%
Equity / Assets	51.79%	143.9%	139.64%	141.87%	95.89%	94.5%	93.53%	96.2%	94.34%	47.04%
Book Value / Share	91.41	342.84	177.67	473.2	34.88	32.23	35.05	34.2	32.57	16.06
NII Growth	-	-	-	-	-	26.25%	22.3%	-42.95%	-63.12%	100%
Dividend Payout	190.38%	87.67%	90.03%	237.14%	174.62%	1413.84%	52.17%	101.38%	100.81%	107.89%

Frequently Asked Questions

Valuation & Price

Carlyle Secured Lending, Inc. 8.20% Notes due 2028 (CGBDL) has a price-to-earnings (P/E) ratio of 16.1x. This is roughly in line with market averages.

Growth & Financials

Carlyle Secured Lending, Inc. 8.20% Notes due 2028 (CGBDL) saw revenue decline by 11.8% over the past year.

Yes, Carlyle Secured Lending, Inc. 8.20% Notes due 2028 (CGBDL) is profitable, generating $36.0M in net income for fiscal year 2024 (45.8% net margin).

Dividend & Returns

Yes, Carlyle Secured Lending, Inc. 8.20% Notes due 2028 (CGBDL) pays a dividend with a yield of 6.67%. This makes it attractive for income-focused investors.

Carlyle Secured Lending, Inc. 8.20% Notes due 2028 (CGBDL) has a return on equity (ROE) of 6.5%. This is below average, suggesting room for improvement.

Industry Metrics

Carlyle Secured Lending, Inc. 8.20% Notes due 2028 (CGBDL) has a net interest margin (NIM) of N/A. NIM has been under pressure due to interest rate environment.

Carlyle Secured Lending, Inc. 8.20% Notes due 2028 (CGBDL) has an efficiency ratio of -7.2%. This is excellent, indicating strong cost control.