BlackRock TCP Capital Corp (TCPC) — Financial Flexibility Index

Latest as of June 2026: 0.23x

BlackRock TCP Capital Corp (TCPC) has a Financial Flexibility Index of 0.23x as of June 2026. Free cash flow of $213.16 Million (operating CF $213.16 Million minus capex $0.00) represents 0% of total liabilities ($924.46 Million). Check BlackRock TCP Capital Corp (TCPC) reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.

Financial Flexibility Index

0.23x
Free Cash Flow / Total Liabilities

Free Cash Flow

$213.16 Million
Operating CF − Capex

Total Liabilities

$924.46 Million
USD

Capital Expenditures

$0.00
USD

BlackRock TCP Capital Corp Financial Flexibility Index (2009–2025)

Historical Financial Flexibility Index trend for BlackRock TCP Capital Corp across 17 annual periods. For the full cash flow conversion analysis, see BlackRock TCP Capital Corp cash flow conversion.

Annual Financial Flexibility Index for BlackRock TCP Capital Corp (2009–2025)

Year-by-year free cash flow to debt coverage for BlackRock TCP Capital Corp. Explore BlackRock TCP Capital Corp (TCPC) cash flow to debt to assess how comfortably operating cash covers total debt obligations.

Year Flexibility Index Free Cash Flow (USD) Operating CF Total Liabilities YoY Change
2025 0.15x $154.92 Million $154.92 Million $1.05 Billion ▼ -42.9%
2024 0.26x $293.12 Million $293.12 Million $1.14 Billion ▲ +191.1%
2023 0.09x $89.48 Million $89.48 Million $1.01 Billion ▼ -57.8%
2022 0.21x $203.95 Million $203.95 Million $972.60 Million ▲ +370.3%
2021 -0.08x $-82.61 Million $-82.61 Million $1.06 Billion ▼ -157.5%
2020 0.13x $122.33 Million $122.33 Million $907.00 Million ▲ +2617.7%
2019 0.00x $4.69 Million $4.69 Million $945.75 Million ▲ +108.9%
2018 -0.06x $-46.37 Million $-46.37 Million $829.06 Million ▲ +66.9%
2017 -0.17x $-128.22 Million $-128.22 Million $758.69 Million ▼ -118.8%
2016 -0.08x $-46.08 Million $-46.08 Million $596.66 Million ▼ -198.2%
2015 0.08x $40.99 Million $40.99 Million $521.34 Million ▲ +110.1%
2014 -0.78x $-368.07 Million $-368.07 Million $474.74 Million ▼ -0.6%
2013 -0.77x $-195.51 Million $-195.51 Million $253.72 Million ▼ -103.2%
2012 -0.38x $-88.44 Million $-88.44 Million $233.25 Million ▼ -181.8%
2011 0.46x $76.76 Million $76.76 Million $165.58 Million ▲ +165.7%
2010 -0.71x $-52.99 Million $-52.99 Million $75.05 Million ▼ -195.0%
2009 0.74x $70.93 Million $70.93 Million $95.43 Million —
Financial Flexibility Index = (Operating CF − Capex) / Total Liabilities = Free Cash Flow / Total Liabilities