Franklin BSP Lending (Franklin BSP Lending) Cash-to-Debt : 0.06 (As of Sep. 2023)

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What is Franklin BSP Lending Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Franklin BSP Lending's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.06.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Franklin BSP Lending couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for Franklin BSP Lending's Cash-to-Debt or its related term are showing as below:

BDVC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.1 Max: 0.38
Current: 0.06

During the past 12 years, Franklin BSP Lending's highest Cash to Debt Ratio was 0.38. The lowest was 0.01. And the median was 0.10.

BDVC's Cash-to-Debt is ranked worse than
88.5% of 1470 companies
in the Asset Management industry
Industry Median: 5.845 vs BDVC: 0.06

Franklin BSP Lending Cash-to-Debt Historical Data

The historical data trend for Franklin BSP Lending's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Franklin BSP Lending Cash-to-Debt Chart

Franklin BSP Lending Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

Get a 7-Day Free Trial

0.11

0.04

0.05

0.03

0.05

Franklin BSP Lending Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial															0.02	0.05	0.04	0.05	0.06

Competitive Comparison of Franklin BSP Lending's Cash-to-Debt

For the Asset Management subindustry, Franklin BSP Lending's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Franklin BSP Lending's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Franklin BSP Lending's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Franklin BSP Lending's Cash-to-Debt falls into.

Franklin BSP Lending Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Franklin BSP Lending's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	54.852	/	(0	+	1224.187)
	=	0.04

Franklin BSP Lending's Cash to Debt Ratio for the quarter that ended in Sep. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	69.978	/	(0	+	1162.32)
	=	0.06

Franklin BSP Lending (OTCPK:BDVC) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Franklin BSP Lending Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Franklin BSP Lending's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Franklin BSP Lending (Franklin BSP Lending) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Franklin BSP Lending Corp (OTCPK:BDVC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

9 West 57th Street, Suite 4920, 49th Floor, New York, NY, USA, 10019

Website

https://www.benefitstreetpartners.com

Franklin BSP Lending Corp is an externally managed, non-diversified closed-end management investment company. The company has elected to be regulated as a business development company. The company's investment objective is to generate both current income and capital appreciation through debt and equity investments. It invests primarily in senior secured loans, and to a lesser extent, mezzanine loans, unsecured loans and equity of predominantly private U.S. middle-market companies. It also purchases interests in loans or corporate bonds through secondary market transactions.

Executives

Michael Frick	officer: Secretary	9 WEST 57TH STREET, 49TH FLOOR, SUITE 4920, NEW YORK NY 10019
Nina Kang Baryski	officer: CFO & Treasurer	9 WEST 57TH STREET, SUITE 4920, NEW YORK NY 10019
Dennis M Schaney	director	MORGAN STANLEY INVESTMENT MANAGEMENT, 522 FIFTH AVENUE, FLOOR 6, NEW YORK NY 10036
Lee S Hillman	director	222 S RIVERSIDE PLAZE STE 2800, CHICAGO IL 60606
Ronald J Kramer	director	712 FIFTH AVENUE, NEW YORK NY 10019
Richard J Byrne	director, officer: See Remarks	350 PARK AVENUE, 20TH FLOOR, NEW YORK NY 10022
Leeor P. Avigdor	officer: Corporate Secretary	C/O 9 WEST 57TH ST., SUITE 4920, NEW YORK NY 10019
Weil Edward M Jr.	director	C/O AMERICAN REALTY CAPITAL 405 PARK AVE, NEW YORK NY 10022
Pankovcin Corinne	officer: CFO, Secretary and Treasurer	BUSINESS DEVELOPMENT CORP OF AMERICA, 405 PARK AVENUE, 14TH FLOOR, NEW YORK NY 10022
James A. Fisher	officer: President, COO	C/O BUSINESS DEVELOPMENT CORP OF AMERICA, 405 PARK AVENUE, 14TH FLOOR, NEW YORK NY 10022
Randolph C Read	director	C/O NEW YORK REIT, INC., 405 PARK AVENUE, NEW YORK NY 10022
Nicholas Radesca	officer: CFO and Treasurer	C/O SOLAR CAPITAL LLC, 500 PARK AVENUE, 5TH FLOOR, NEW YORK NY 10022
Robert Grunewald	officer: Chief Investment Officer	405 PARK AVENUE, 15TH FLOOR, NEW YORK NY 10022
Bdca Adviser, Llc	10 percent owner	405 PARK AVENUE, 15TH FLOOR, NEW YORK NY 10022
Brian S Block	officer: CFO and Treasurer	C/O AMERICAN FINANCIAL REALTY TRUST, 1725 THE FALWAY, JENKINTOWN PA 19048

Franklin BSP Lending (Franklin BSP Lending) Headlines

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