Blackstone Secured Lending Fund (BXSL) — Cash Flow Quality Index

Latest as of March 2026: 9.87x

Blackstone Secured Lending Fund (BXSL) has a Cash Flow Quality Index of 9.87x as of March 2026. Operating cash flow of $249.26 Million exceeds net income of $25.25 Million, indicating high earnings quality where cash backs reported profits. Explore cash flow to debt ratio of Blackstone Secured Lending Fund to assess how comfortably operating cash covers total debt obligations.

Cash Flow Quality Index

9.87x
Operating CF / Net Income

Operating Cash Flow

$249.26 Million
USD

Net Income

$25.25 Million
USD

Data as of

Mar 2026
Most recent filing

Blackstone Secured Lending Fund Cash Flow Quality Index (2019–2025)

Historical Cash Flow Quality Index for Blackstone Secured Lending Fund across 7 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see Blackstone Secured Lending Fund cash flow conversion.

Annual Cash Flow Quality Index for Blackstone Secured Lending Fund (2019–2025)

Year-by-year earnings quality comparison for Blackstone Secured Lending Fund.

Year Quality Index Operating CF (USD) Net Income YoY Change
2025 1.03x $581.63 Million $563.46 Million ▲ +128.4%
2024 -3.64x $-2.53 Billion $694.10 Million ▼ -585.4%
2023 0.75x $458.81 Million $611.95 Million ▼ -54.9%
2022 1.66x $672.95 Million $404.56 Million ▲ +120.0%
2021 -8.32x $-3.83 Billion $460.42 Million ▲ +21.6%
2020 -10.61x $-2.32 Billion $218.64 Million ▲ +55.9%
2019 -24.09x $-2.56 Billion $106.21 Million
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.