Carlyle Secured Lending, Inc. Financial Ratios — CGBD Stock

Profitability (USD)

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	- -	-2.07	2.14	4.1	10.45	8.9	3.57	6.07	0.5	17.92	9.3	10.26	9.95	6.84
Return on Assets (%)	- -	-1.48	1.15	2.05	5.38	4.8	1.91	2.87	0.33	8.11	4.21	4.63	4.6	2.97
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	- -	100	100	100	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	- -	-56.33	53.2	91.02	98.08	97.98	82.35	87.96	43.24	95.93	92.39	93.7	92.39	88.75
Profit Margin (%)	- -	-56.33	53.2	91.02	97.97	97.68	81.87	87.38	39.9	95.47	90.46	91.29	89.63	86.4
Net Income to Common Margin (%)	- -	-56.33	53.2	91.02	97.97	97.68	81.87	87.38	26.61	93.38	86.76	87.83	86.1	85.38
Effective Tax Rate (%)	- -	- -	- -	- -	0.11	0.31	0.58	0.65	7.74	0.49	2.09	2.57	2.99	2.65
Dvd Payout Ratio (%)	- -	- -	211.12	190.38	87.67	90.31	238.54	174.62	2,070.18	51.11	101.44	100.84	108.21	149.27
Sustainable Growth Rate (%)	- -	-2.07	-2.38	-3.71	1.29	0.86	-4.95	-4.53	-9.93	8.76	-0.13	-0.09	-0.82	-3.37

Credit (USD)

Credit Ratios API ChatGPT

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	- -	67	308	505	693	834	961	1,178	984	1,044	1,077	979	968	1,532
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	- -	67	308	505	693	834	961	1,178	984	1,044	1,077	979	968	1,532
Total Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	100	71.27	47.2	51.79	51.28	55.77	51	43.72	44.28	44.25	42.49	44.42	44.4	41.84
Long-Term Debt/Equity (%)	- -	35.93	91.19	88.32	90.66	73.98	90.36	123.14	109.16	110.04	117.41	107.27	106.9	131.27
Long-Term Debt/Capital (%)	- -	26.43	47.69	46.9	47.55	42.52	47.47	55.19	52.19	52.39	54.01	51.75	51.67	56.76
Long-Term Debt/Total Assets (%)	- -	25.61	43.04	45.74	46.49	41.26	46.08	53.84	51.18	51.4	52.76	50.41	50.24	54.92
Total Debt/Equity (%)	- -	35.93	91.19	88.32	90.66	73.98	90.36	123.14	109.16	110.04	117.41	107.27	106.9	131.27
Total Debt/Capital (%)	- -	26.43	47.69	46.9	47.55	42.52	47.47	55.19	52.19	52.39	54.01	51.75	51.67	56.76
Total Debt/Total Assets (%)	- -	25.61	43.04	45.74	46.49	41.26	46.08	53.84	51.18	51.4	52.76	50.41	50.24	54.92
Net Debt to Equity	-100	-22.59	-2.59	-7.32	-5.04	-2.84	-8.2	-3.84	-5.8	-2.42	-1.75	-2.47	-3.28	-3.86
Net Debt/Capital (%)	- -	-19.93	-1.37	-4.04	-2.71	-1.66	-4.5	-1.75	-2.85	-1.17	-0.81	-1.21	-1.61	-1.7
EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	100	71.27	47.2	51.79	51.28	55.77	51	43.72	44.28	44.25	42.49	44.42	44.4	41.84
Long-Term Debt/Equity (%)	- -	35.93	91.19	88.32	90.66	73.98	90.36	123.14	109.16	110.04	117.41	107.27	106.9	131.27
Long-Term Debt/Capital (%)	- -	26.43	47.69	46.9	47.55	42.52	47.47	55.19	52.19	52.39	54.01	51.75	51.67	56.76
Long-Term Debt/Total Assets (%)	- -	25.61	43.04	45.74	46.49	41.26	46.08	53.84	51.18	51.4	52.76	50.41	50.24	54.92
Total Debt/Equity (%)	- -	35.93	91.19	88.32	90.66	73.98	90.36	123.14	109.16	110.04	117.41	107.27	106.9	131.27
Total Debt/Capital (%)	- -	26.43	47.69	46.9	47.55	42.52	47.47	55.19	52.19	52.39	54.01	51.75	51.67	56.76
Total Debt/Total Assets (%)	- -	25.61	43.04	45.74	46.49	41.26	46.08	53.84	51.18	51.4	52.76	50.41	50.24	54.92
CFO/Total Liabilities	- -	-277.2	-112.5	-73.26	-43.33	-43.13	2.82	-7.46	29.88	6.97	1.29	22.39	10.21	-12.61
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	- -	0.01	0.01	- -	0.04	0.85	0.4	0.31	0.18	0.38	0.33	0.39	0.47	0.26

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover

- -

Days Sales Outstanding

- -

Inventory Turnover

- -

Days Inventory Outstanding

- -

Accounts Payable Turnover

- -

Accounts Payable Turnover Days

- -

Cash Conversion Cycle

- -

Inventory to Cash Days

- -

Inventories

- -

Raw Materials

- -

Work In Process

- -

Finished Goods

- -

Other Inventory

- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	- -	- -	- -	1,247	772	773	568	730	731	760	913	897
- Cash & Cash Equivalents	- -	42	9	42	38	32	87	37	52	23	16	23	30	45
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	50	50	50	50	50	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	67	308	505	693	834	961	1,178	984	1,044	1,077	979	968	1,532
Enterprise Value	- -	25	300	463	654	2,049	1,645	1,914	1,549	1,801	1,842	1,767	1,901	2,384
Total Capital	- -	253	647	1,077	1,457	1,961	2,024	2,134	1,885	1,993	1,995	1,892	1,873	2,700
Total Debt/Capital (%)	- -	26.43	47.69	46.9	47.55	42.52	47.47	55.19	52.19	52.39	54.01	51.75	51.67	56.76
Total Debt / EV	- -	2.69	1.03	1.09	1.06	0.41	0.58	0.62	0.64	0.58	0.58	0.55	0.51	0.64
EV/Sales	- -	7.25	28.4	22.57	9.18	23.76	34.43	27.27	90.51	10.72	19.45	17.48	19.15	29.44
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	57.13	- -	5.08	23.87	126.91	7.66	18.23	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	57.13	- -	5.08	23.87	126.91	7.66	18.23	- -
Diluted Market Cap	- -	- -	- -	- -	- -	1,062	775	805	579	817	823	842	1,012	862
Diluted Enterprise Value	- -	25	300	463	654	1,864	1,649	1,946	1,561	1,888	1,934	1,849	2,000	2,350
EV per Share	- -	0.41	4.92	7.6	10.73	32.93	26.44	33.13	28.01	33.88	36.07	34.78	37.34	33.2
TTM Sales	- -	3	11	21	71	86	48	70	17	168	95	101	99	81
TTM EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	- -	-208	-426	-390	-315	-386	29	-92	305	75	15	231	104	-205
TTM Free Cash Flow to Firm	- -	-208	-426	-390	-315	-386	29	-92	305	75	15	231	104	-205

Multiples (USD)

Valuation Multiples API ChatGPT

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	- -	- -	- -	- -	-2.75	26.93	-8.76	1.9	10.84	56.68	3.65	9.71	-4.22
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	- -	25	300	463	654	2,049	1,645	1,914	1,549	1,801	1,842	1,767	1,901	2,384
Low Price	- -	- -	- -	- -	- -	16.97	12.19	12.25	4.3	10.11	11.23	13.08	14.76	11.55
EV/Sales	- -	7.25	28.4	22.57	9.18	23.76	34.43	27.27	90.51	10.72	19.45	17.48	19.15	29.44
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	- -	- -	- -	12.61	19.82	13.13	127.11	4.75	9.08	8.56	10.66	12.23
Price/Earnings Average	- -	- -	- -	- -	- -	11.6	27.23	14.28	118.55	4.6	8.74	8.32	10.05	14.17
Price/Earnings High	- -	- -	- -	- -	- -	12.78	32.1	15.27	178.04	4.98	9.77	9.1	11.14	18.26
Price/Earnings Low	- -	- -	- -	- -	- -	10.68	19.49	12.02	53.27	3.5	7.12	7.49	8.78	11.31
Price/Book Value	- -	- -	- -	- -	- -	1.11	0.73	0.81	0.67	0.81	0.84	0.88	1.07	0.77
Price/Book Value Average	- -	- -	- -	- -	- -	1.02	1	0.88	0.62	0.79	0.81	0.86	1.01	0.89
Price/Book Value High	- -	- -	- -	- -	- -	1.12	1.18	0.94	0.93	0.85	0.91	0.94	1.12	1.15
Price/Book Value Low	- -	- -	- -	- -	- -	0.94	0.71	0.74	0.28	0.6	0.66	0.77	0.88	0.71
Price/Tangible Book Value	- -	- -	- -	- -	- -	1.11	0.73	0.81	0.67	0.81	0.84	0.88	1.07	0.77
Price/Tangible Book Value Average	- -	- -	- -	- -	- -	1.02	1	0.88	0.62	0.79	0.81	0.86	1.01	0.89
Price/Tangible Book Value High	- -	- -	- -	- -	- -	1.12	1.18	0.94	0.93	0.85	0.91	0.94	1.12	1.15
Price/Tangible Book Value Low	- -	- -	- -	- -	- -	0.94	0.71	0.74	0.28	0.6	0.66	0.77	0.88	0.71
Price/Sales	- -	- -	- -	- -	- -	12.32	16.23	11.47	33.82	4.43	7.88	7.52	9.18	10.44
Price/Sales Average	- -	- -	- -	- -	- -	11.33	22.29	12.48	31.54	4.3	7.58	7.31	8.65	12.1
Price/Sales High	- -	- -	- -	- -	- -	12.48	26.28	13.34	47.37	4.65	8.48	7.99	9.6	15.59
Price/Sales Low	- -	- -	- -	- -	- -	10.43	15.96	10.5	14.17	3.27	6.18	6.58	7.56	9.66
Price/Cash Flow	- -	- -	- -	- -	- -	-2.75	26.93	-8.76	1.9	9.87	51.39	3.3	8.74	-4.13
Price/Cash Flow Average	- -	- -	- -	- -	- -	-2.53	36.99	-9.53	1.77	9.57	49.47	3.2	8.24	-4.79
Price/Cash Flow High	- -	- -	- -	- -	- -	-2.79	43.61	-10.19	2.66	10.36	55.3	3.5	9.14	-6.17
Price/Cash Flow Low	- -	- -	- -	- -	- -	-2.33	26.47	-8.02	0.8	7.27	40.33	2.88	7.2	-3.82
Price/Free Cash Flow Average	- -	- -	- -	- -	- -	-2.53	36.99	-9.53	1.77	10.51	54.57	3.55	9.15	-4.88
Price/Free Cash Flow High	- -	- -	- -	- -	- -	-2.79	43.61	-10.19	2.66	11.36	61	3.88	10.15	-6.29
Price/Free Cash Flow Low	- -	- -	- -	- -	- -	-2.33	26.47	-8.02	0.8	7.98	44.48	3.19	7.99	-3.9
EV/Sales Average	- -	7.25	28.4	22.57	9.18	22.6	40.47	28.23	88.28	10.59	19.17	17.26	18.62	31.19
EV/Sales High	- -	7.25	28.4	22.57	9.18	23.95	44.44	29.06	103.79	10.93	20.04	17.94	19.56	34.89
EV/Sales Low	- -	7.25	28.4	22.57	9.18	21.55	34.16	26.34	71.25	9.58	17.79	16.53	17.52	28.61
EV/EBITDA Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	- -	- -	- -	- -	- -	20.04	12.4	13.38	10.26	13.73	14.31	14.96	17.93	12.49
High Price	- -	- -	- -	- -	- -	20.3	20.08	15.56	14.37	14.4	15.4	15.89	18.74	18.64
Enterprise Value Average	- -	25	300	463	654	1,948	1,933	1,981	1,511	1,779	1,815	1,745	1,848	2,526
Enterprise Value High	- -	25	300	463	654	2,065	2,123	2,040	1,777	1,836	1,897	1,814	1,942	2,826
Enterprise Value Low	- -	25	300	463	654	1,858	1,632	1,849	1,220	1,608	1,685	1,671	1,739	2,317

Shares Outstanding	61	61	61	61	61	62	62	58	55	53	51	51	51	72
Diluted Weighted Avg Shares	- -	33	33	33	34	53	63	60	56	60	57	56	56	69
Basic Weighted Avg Shares	- -	33	33	33	34	53	63	60	56	54	52	51	51	68
Revenue per Share	- -	0.1	0.32	0.62	2.07	1.63	0.76	1.17	0.3	3.1	1.82	1.99	1.95	1.2
EBITDA per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	- -	-0.06	0.17	0.56	2.03	1.59	0.63	1.02	0.08	2.89	1.58	1.75	1.68	1.02
Basic EPS from Cont Ops	- -	-0.06	0.17	0.56	2.03	1.59	0.63	1.02	0.12	2.96	1.64	1.82	1.75	1.03
Diluted EPS, GAAP	- -	-0.06	0.17	0.56	2.03	1.59	0.63	1.02	0.08	2.63	1.43	1.58	1.51	1
Diluted EPS from Cont Ops	- -	-0.06	0.17	0.56	2.03	1.59	0.63	1.02	0.12	2.69	1.49	1.64	1.58	1.01
Dividend per Share	- -	- -	0.36	1.07	1.78	1.43	1.49	1.78	1.71	1.54	1.67	1.83	1.89	1.54
Cash Flow per Share	- -	-6.26	-12.83	-11.75	-9.14	-7.28	0.46	-1.53	5.41	1.39	0.28	4.54	2.05	-3.02
Free Cash Flow per Basic Share	- -	-6.26	-12.83	-11.75	-9.14	-7.28	0.46	-1.53	5.41	1.39	0.28	4.54	2.05	-3.02
Cash & Equivalents per Share	- -	0.69	0.14	0.69	0.63	0.52	1.4	0.64	0.94	0.43	0.32	0.44	0.58	0.63
Book Value per Share	- -	3.05	5.55	9.38	12.53	18.12	17.09	16.56	15.39	16.91	16.99	16.99	16.8	16.26
Tangible Book Value per Share	- -	3.05	5.55	9.38	12.53	18.12	17.09	16.56	15.39	16.91	16.99	16.99	16.8	16.26

Carlyle Secured Lending, Inc.