Carlyle Secured Lending Inc
Carlyle Secured Lending, Inc. is business development company specializing in first lien debt, senior secured loans, second lien senior secured loan unsecured debt, mezzanine debt and investments in equities. It specializes in directly investing. It specializes in middle market. It targets healthcare and pharmaceutical, aerospace and defense, high tech industries, business services, software, bev… Read more
Carlyle Secured Lending Inc (CGBD) - Net Assets
Latest net assets as of December 2025: $1.17 Billion USD
Based on the latest financial reports, Carlyle Secured Lending Inc (CGBD) has net assets worth $1.17 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.79 Billion) and total liabilities ($1.62 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.17 Billion |
| % of Total Assets | 41.84% |
| Annual Growth Rate | 163.28% |
| 5-Year Change | 23.04% |
| 10-Year Change | 52.77% |
| Growth Volatility | 1239063.84 |
Carlyle Secured Lending Inc - Net Assets Trend (2012–2025)
This chart illustrates how Carlyle Secured Lending Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Carlyle Secured Lending Inc (2012–2025)
The table below shows the annual net assets of Carlyle Secured Lending Inc from 2012 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $1.17 Billion | +28.96% |
| 2024-12-31 | $905.20 Million | -0.83% |
| 2023-12-31 | $912.81 Million | -0.50% |
| 2022-12-31 | $917.42 Million | -3.31% |
| 2021-12-31 | $948.80 Million | +5.26% |
| 2020-12-31 | $901.36 Million | -5.76% |
| 2019-12-31 | $956.47 Million | -10.04% |
| 2018-12-31 | $1.06 Billion | -5.68% |
| 2017-12-31 | $1.13 Billion | +47.53% |
| 2016-12-31 | $764.14 Million | +33.65% |
| 2015-12-31 | $571.73 Million | +69.02% |
| 2014-12-31 | $338.26 Million | +81.86% |
| 2013-12-31 | $186.00 Million | +4649950.00% |
| 2012-12-31 | $4.00K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Carlyle Secured Lending Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 19569500000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $718.00K | 0.06% |
| Other Components | $1.36 Billion | 116.70% |
| Total Equity | $1.17 Billion | 100.00% |
Carlyle Secured Lending Inc Competitors by Market Cap
The table below lists competitors of Carlyle Secured Lending Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ontrak Inc
NASDAQ:OTRK
|
$107.20K |
|
Baltic Classifieds Group PLC
LSE:BCG
|
$107.21K |
|
Vendome Acquisition Corporation I Unit
NASDAQ:VNMEU
|
$107.27K |
|
Brillian Network & Automation Integrated System Co. Ltd.
TWO:6788
|
$107.34K |
|
DENSO (DNO.SG)
STU:DNO
|
$107.13K |
|
Unieuro SpA
STU:1UI
|
$107.11K |
|
ESCALADE
BE:ED9
|
$107.08K |
|
Eco Innovation Group Inc
PINK:ECOX
|
$107.01K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Carlyle Secured Lending Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 905,204,000 to 1,167,388,000, a change of 262,184,000 (29.0%).
- Net income of 69,972,000 contributed positively to equity growth.
- Dividend payments of 104,038,000 reduced retained earnings.
- Share repurchases of 13,874,000 reduced equity.
- New share issuances of 101,000 increased equity.
- Other comprehensive income increased equity by 1,633,000.
- Other factors increased equity by 308,390,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $69.97 Million | +5.99% |
| Dividends Paid | $104.04 Million | -8.91% |
| Share Repurchases | $13.87 Million | -1.19% |
| Share Issuances | $101.00K | +0.01% |
| Other Comprehensive Income | $1.63 Million | +0.14% |
| Other Changes | $308.39 Million | +26.42% |
| Total Change | $- | 28.96% |
Book Value vs Market Value Analysis
This analysis compares Carlyle Secured Lending Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.66x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.99x to 0.66x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | $5.61 | $11.13 | x |
| 2014-12-31 | $10.20 | $11.13 | x |
| 2015-12-31 | $17.23 | $11.13 | x |
| 2016-12-31 | $22.21 | $11.13 | x |
| 2017-12-31 | $21.27 | $11.13 | x |
| 2018-12-31 | $17.00 | $11.13 | x |
| 2019-12-31 | $15.89 | $11.13 | x |
| 2020-12-31 | $15.98 | $11.13 | x |
| 2021-12-31 | $15.94 | $11.13 | x |
| 2022-12-31 | $15.96 | $11.13 | x |
| 2023-12-31 | $16.21 | $11.13 | x |
| 2024-12-31 | $16.03 | $11.13 | x |
| 2025-12-31 | $16.91 | $11.13 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Carlyle Secured Lending Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.99%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 35.38%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 2.39x
- Recent ROE (5.99%) is below the historical average (6.42%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -1.04% | -51.06% | 0.01x | 1.40x | $-20.53 Million |
| 2014 | 1.66% | 39.53% | 0.02x | 2.12x | $-28.21 Million |
| 2015 | 3.27% | 62.04% | 0.03x | 1.94x | $-38.50 Million |
| 2016 | 9.14% | 79.59% | 0.06x | 1.95x | $-6.60 Million |
| 2017 | 7.47% | 76.05% | 0.05x | 1.79x | $-28.53 Million |
| 2018 | 3.68% | 45.71% | 0.04x | 1.96x | $-67.21 Million |
| 2019 | 6.41% | 87.38% | 0.03x | 2.29x | $-34.32 Million |
| 2020 | 0.76% | 39.90% | 0.01x | 2.13x | $-83.31 Million |
| 2021 | 16.90% | 94.39% | 0.08x | 2.14x | $65.47 Million |
| 2022 | 9.33% | 61.77% | 0.07x | 2.23x | $-6.11 Million |
| 2023 | 10.11% | 53.40% | 0.09x | 2.13x | $998.80K |
| 2024 | 9.83% | 53.04% | 0.09x | 2.13x | $-1.54 Million |
| 2025 | 5.99% | 35.38% | 0.07x | 2.39x | $-46.77 Million |
Industry Comparison
This section compares Carlyle Secured Lending Inc's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $351,111,792
- Average return on equity (ROE) among peers: 0.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Carlyle Secured Lending Inc (CGBD) | $1.17 Billion | -1.04% | 1.39x | $107.17K |
| Aberdeen International Inc (AABVF) | $214.75K | -122.83% | 0.39x | $2.78 Million |
| Acadian Asset Management Inc (AAMI) | $-21.60 Million | 0.00% | 0.00x | $1.37 Billion |
| AllianceBernstein Holding L.P. (AB) | $402.30 Million | 32.07% | 0.95x | $3.38 Billion |
| VIVO Cannabis Inc (ABCCF) | $164.13 Million | 16.36% | 0.09x | $148.26 Million |
| Associated Capital Group Inc (AC) | $913.08 Million | 4.10% | 0.03x | $42.54 Million |
| Adrian Resources Ltd (ADLRF) | $788.86 Million | 18.29% | 0.62x | $609.82 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $190.80 Million | 139.32% | 0.02x | $73.68K |
| AGF Management Limited (AGFMF) | $908.07 Million | 4.67% | 0.50x | $298.43 Million |
| Agronomics Limited (AGNMF) | $157.27 Million | -6.99% | 0.00x | $57.14 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $8.00 Million | -83.04% | 0.47x | $2.71 Million |