Oaktree Specialty Lending Corp
Oaktree Specialty Lending Corporation is a business development company. The fund specializing in investments in middle market, bridge financing, first and second lien debt financing, unsecured and mezzanine loan, mezzanine debt, senior and junior secured debt, expansions, sponsor-led acquisitions, preferred equity, and management buyouts in small and mid-sized companies. It seeks to invest in ed… Read more
Oaktree Specialty Lending Corp (OCSL) - Net Assets
Latest net assets as of December 2025: $1.44 Billion USD
Based on the latest financial reports, Oaktree Specialty Lending Corp (OCSL) has net assets worth $1.44 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 ($3.10 Billion) and total liabilities ($1.66 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 | $1.44 Billion |
| % of Total Assets | 46.35% |
| Annual Growth Rate | 15.66% |
| 5-Year Change | 11.65% |
| 10-Year Change | 28.32% |
| Growth Volatility | 43.02 |
Oaktree Specialty Lending Corp - Net Assets Trend (2007–2025)
This chart illustrates how Oaktree Specialty Lending Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Oaktree Specialty Lending Corp (2007–2025)
The table below shows the annual net assets of Oaktree Specialty Lending Corp from 2007 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | $1.47 Billion | -1.48% |
| 2024-09-30 | $1.49 Billion | -1.84% |
| 2023-09-30 | $1.52 Billion | +21.69% |
| 2022-09-30 | $1.25 Billion | -5.12% |
| 2021-09-30 | $1.31 Billion | +43.50% |
| 2020-09-30 | $914.88 Million | -1.69% |
| 2019-09-30 | $930.63 Million | +8.46% |
| 2018-09-30 | $858.03 Million | -1.11% |
| 2017-09-30 | $867.66 Million | -24.04% |
| 2016-09-30 | $1.14 Billion | -15.58% |
| 2015-09-30 | $1.35 Billion | -8.48% |
| 2014-09-30 | $1.48 Billion | +8.01% |
| 2013-09-30 | $1.37 Billion | +51.50% |
| 2012-09-30 | $903.57 Million | +24.01% |
| 2011-09-30 | $728.63 Million | +28.02% |
| 2010-09-30 | $569.17 Million | +38.63% |
| 2009-09-30 | $410.56 Million | +39.49% |
| 2008-09-30 | $294.34 Million | +175.55% |
| 2007-09-30 | $106.82 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Oaktree Specialty Lending Corp'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 88514300000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $881.00K | 0.06% |
| Other Components | $2.35 Billion | 160.33% |
| Total Equity | $1.47 Billion | 100.00% |
Oaktree Specialty Lending Corp Competitors by Market Cap
The table below lists competitors of Oaktree Specialty Lending Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Murano Global Investments PLC Warrants
NASDAQ:MRNOW
|
$104.02K |
|
NIKON CORP - Dusseldorf Stock Exchang
DU:NKN
|
$104.06K |
|
Eestech Inc
PINK:EESH
|
$104.06K |
|
MidCap Financial Investment Corporation
NASDAQ:MFIC
|
$104.08K |
|
Nrgene Technologies Ltd
TA:NRGN
|
$103.89K |
|
BHEW39
SA:BHEW39
|
$103.89K |
|
STORA ENSO -R- - Dusseldorf Stock Exchang
DU:ENUR
|
$103.78K |
|
SPARTAN MOTORS
BE:SP8
|
$103.73K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Oaktree Specialty Lending Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,487,811,000 to 1,465,813,000, a change of -21,998,000 (-1.5%).
- Net income of 33,920,000 contributed positively to equity growth.
- Dividend payments of 148,199,000 reduced retained earnings.
- Share repurchases of 10,666,000 reduced equity.
- New share issuances of 102,960,000 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $33.92 Million | +2.31% |
| Dividends Paid | $148.20 Million | -10.11% |
| Share Repurchases | $10.67 Million | -0.73% |
| Share Issuances | $102.96 Million | +7.02% |
| Other Changes | $-13.00K | -0.0% |
| Total Change | $- | -1.48% |
Book Value vs Market Value Analysis
This analysis compares Oaktree Specialty Lending Corp'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 increased from 0.20x to 0.66x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-09-30 | $56.76 | $11.17 | x |
| 2009-09-30 | $49.96 | $11.17 | x |
| 2010-09-30 | $37.58 | $11.17 | x |
| 2011-09-30 | $31.81 | $11.17 | x |
| 2012-09-30 | $30.90 | $11.17 | x |
| 2013-09-30 | $34.78 | $11.17 | x |
| 2014-09-30 | $29.61 | $11.17 | x |
| 2015-09-30 | $25.22 | $11.17 | x |
| 2016-09-30 | $22.64 | $11.17 | x |
| 2017-09-30 | $18.40 | $11.17 | x |
| 2018-09-30 | $18.26 | $11.17 | x |
| 2019-09-30 | $19.81 | $11.17 | x |
| 2020-09-30 | $19.47 | $11.17 | x |
| 2021-09-30 | $24.29 | $11.17 | x |
| 2022-09-30 | $20.51 | $11.17 | x |
| 2023-09-30 | $21.02 | $11.17 | x |
| 2024-09-30 | $18.50 | $11.17 | x |
| 2025-09-30 | $17.03 | $11.17 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Oaktree Specialty Lending Corp 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): 2.31%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.32%
- • Asset Turnover: 0.10x
- • Equity Multiplier: 2.05x
- Recent ROE (2.31%) is below the historical average (3.60%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 1.11% | 9.79% | 0.11x | 1.02x | $-26.18 Million |
| 2009 | 1.51% | 25.78% | 0.06x | 1.01x | $-34.86 Million |
| 2010 | 3.94% | 44.99% | 0.08x | 1.15x | $-34.50 Million |
| 2011 | 4.15% | 27.45% | 0.09x | 1.66x | $-42.66 Million |
| 2012 | 8.79% | 55.97% | 0.10x | 1.54x | $-10.96 Million |
| 2013 | 7.44% | 91.64% | 0.05x | 1.51x | $-35.07 Million |
| 2014 | 7.61% | 89.85% | 0.05x | 1.80x | $-35.32 Million |
| 2015 | 1.14% | 52.93% | 0.01x | 1.91x | $-119.91 Million |
| 2016 | -5.83% | -26.85% | 0.11x | 2.06x | $-180.78 Million |
| 2017 | -22.70% | -110.68% | 0.11x | 1.86x | $-283.73 Million |
| 2018 | 5.45% | 81.59% | 0.04x | 1.81x | $-39.04 Million |
| 2019 | 13.56% | 99.24% | 0.09x | 1.59x | $33.10 Million |
| 2020 | 4.29% | 74.98% | 0.03x | 1.79x | $-52.26 Million |
| 2021 | 18.07% | 95.55% | 0.09x | 2.01x | $105.98 Million |
| 2022 | 2.35% | 74.71% | 0.01x | 2.12x | $-95.33 Million |
| 2023 | 7.74% | 93.71% | 0.04x | 2.12x | $-34.25 Million |
| 2024 | 3.89% | 31.09% | 0.06x | 2.15x | $-90.88 Million |
| 2025 | 2.31% | 11.32% | 0.10x | 2.05x | $-112.66 Million |
Industry Comparison
This section compares Oaktree Specialty Lending Corp's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $310,488,743
- Average return on equity (ROE) among peers: -23.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Oaktree Specialty Lending Corp (OCSL) | $1.44 Billion | 1.11% | 1.16x | $103.93K |
| Aberdeen International Inc (AABVF) | $136.31 Million | 25.56% | 0.23x | $2.78 Million |
| Acadian Asset Management Inc (AAMI) | $-17.60 Million | 0.00% | 0.00x | $1.39 Billion |
| AllianceBernstein Holding L.P. (AB) | $402.30 Million | 32.07% | 0.95x | $3.43 Billion |
| VIVO Cannabis Inc (ABCCF) | $164.13 Million | 16.36% | 0.09x | $148.26 Million |
| Associated Capital Group Inc (AC) | $502.13 Million | 5.33% | 0.17x | $42.54 Million |
| Adrian Resources Ltd (ADLRF) | $605.01 Million | 3.35% | 0.58x | $609.82 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $85.10 Million | -65.65% | 0.01x | $77.20K |
| AGF Management Limited (AGFMF) | $1.12 Billion | 10.14% | 3.56x | $298.43 Million |
| Agronomics Limited (AGNMF) | $100.03 Million | 1.02% | 0.02x | $57.14 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $6.11 Million | -266.31% | 0.76x | $2.71 Million |