Sixth Street Specialty Lending Inc
Sixth Street Specialty Lending, Inc. (NYSE: TSLX) is a business development company. The fund provides senior secured loans (first-lien, second-lien, and unitranche), unsecured loans, mezzanine debt, and investments in corporate bonds and equity securities and structured products, non-control structured equity, and common equity with a focus on co-investments for organic growth, acquisitions, mar… Read more
Sixth Street Specialty Lending Inc (TSLX) - Net Assets
Latest net assets as of September 2025: $1.62 Billion USD
Based on the latest financial reports, Sixth Street Specialty Lending Inc (TSLX) has net assets worth $1.62 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.51 Billion) and total liabilities ($1.89 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 | $1.62 Billion |
| % of Total Assets | 46.16% |
| Annual Growth Rate | 18.7% |
| 5-Year Change | 38.42% |
| 10-Year Change | 95.86% |
| Growth Volatility | 45.67 |
Sixth Street Specialty Lending Inc - Net Assets Trend (2011–2024)
This chart illustrates how Sixth Street Specialty 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 Sixth Street Specialty Lending Inc (2011–2024)
The table below shows the annual net assets of Sixth Street Specialty Lending Inc from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $1.61 Billion | +7.43% |
| 2023-12-31 | $1.50 Billion | +11.54% |
| 2022-12-31 | $1.34 Billion | +5.15% |
| 2021-12-31 | $1.28 Billion | +9.86% |
| 2020-12-31 | $1.16 Billion | +3.75% |
| 2019-12-31 | $1.12 Billion | +5.28% |
| 2018-12-31 | $1.06 Billion | +9.69% |
| 2017-12-31 | $969.28 Million | +1.79% |
| 2016-12-31 | $952.21 Million | +16.02% |
| 2015-12-31 | $820.74 Million | -1.76% |
| 2014-12-31 | $835.40 Million | +45.36% |
| 2013-12-31 | $574.70 Million | +19.78% |
| 2012-12-31 | $479.80 Million | +177.20% |
| 2011-12-31 | $173.09 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sixth Street Specialty 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 grown by 209382870800000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $97.71 Million | 6.08% |
| Common Stock | $943.00K | 0.06% |
| Other Components | $1.51 Billion | 93.86% |
| Total Equity | $1.61 Billion | 100.00% |
Sixth Street Specialty Lending Inc Competitors by Market Cap
The table below lists competitors of Sixth Street Specialty Lending Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Maj Invest Net Zero 2050
CO:MAJNZ
|
$177.22K |
|
VTSAGI A.I.+T.O.DL-00001
F:3X80
|
$177.27K |
|
SMNS
NEO:SMNS
|
$177.27K |
|
Metalert Inc.
PINK:MLRT
|
$177.31K |
|
NETGEAR (NGJ.SG)
STU:NGJ
|
$177.16K |
|
Wealth Inv I&T Nord AktLargeCa
CO:WEIITNAKTLC
|
$177.04K |
|
Bridge Saas Ltd
AU:BGE
|
$176.99K |
|
TELE2 -B-
MU:NCYD
|
$176.96K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sixth Street Specialty Lending Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,496,375,000 to 1,607,529,000, a change of 111,154,000 (7.4%).
- Net income of 186,566,000 contributed positively to equity growth.
- Dividend payments of 168,720,000 reduced retained earnings.
- New share issuances of 93,308,000 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $186.57 Million | +11.61% |
| Dividends Paid | $168.72 Million | -10.5% |
| Share Issuances | $93.31 Million | +5.8% |
| Total Change | $- | 7.43% |
Book Value vs Market Value Analysis
This analysis compares Sixth Street Specialty 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: 1.04x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.65x to 1.04x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | $5.00 | $18.24 | x |
| 2012-12-31 | $13.85 | $18.24 | x |
| 2013-12-31 | $16.59 | $18.24 | x |
| 2014-12-31 | $16.54 | $18.24 | x |
| 2015-12-31 | $15.20 | $18.24 | x |
| 2016-12-31 | $16.25 | $18.24 | x |
| 2017-12-31 | $16.16 | $18.24 | x |
| 2018-12-31 | $16.25 | $18.24 | x |
| 2019-12-31 | $16.94 | $18.24 | x |
| 2020-12-31 | $17.28 | $18.24 | x |
| 2021-12-31 | $16.42 | $18.24 | x |
| 2022-12-31 | $17.16 | $18.24 | x |
| 2023-12-31 | $17.58 | $18.24 | x |
| 2024-12-31 | $17.47 | $18.24 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sixth Street Specialty 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): 11.61%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 51.86%
- • Asset Turnover: 0.10x
- • Equity Multiplier: 2.23x
- Recent ROE (11.61%) is above the historical average (11.12%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 0.47% | 16.64% | 0.01x | 1.92x | $-16.50 Million |
| 2012 | 8.25% | 97.36% | 0.05x | 1.74x | $-8.39 Million |
| 2013 | 11.66% | 100.79% | 0.06x | 1.81x | $9.51 Million |
| 2014 | 10.18% | 91.77% | 0.07x | 1.56x | $1.51 Million |
| 2015 | 7.75% | 75.38% | 0.06x | 1.85x | $-18.51 Million |
| 2016 | 14.39% | 88.94% | 0.09x | 1.76x | $41.79 Million |
| 2017 | 11.51% | 86.62% | 0.07x | 1.77x | $14.68 Million |
| 2018 | 11.19% | 88.05% | 0.08x | 1.63x | $12.70 Million |
| 2019 | 13.81% | 90.20% | 0.08x | 2.04x | $42.65 Million |
| 2020 | 15.34% | 89.79% | 0.08x | 2.01x | $61.98 Million |
| 2021 | 16.60% | 94.56% | 0.09x | 2.00x | $84.20 Million |
| 2022 | 8.05% | 57.73% | 0.07x | 2.11x | $-26.10 Million |
| 2023 | 14.84% | 60.04% | 0.11x | 2.23x | $72.39 Million |
| 2024 | 11.61% | 51.86% | 0.10x | 2.23x | $25.81 Million |
Industry Comparison
This section compares Sixth Street Specialty Lending Inc'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 |
|---|---|---|---|---|
| Sixth Street Specialty Lending Inc (TSLX) | $1.62 Billion | 0.47% | 1.17x | $177.20K |
| 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 |