Sixth Street Specialty Lending
Financial ratios & Valuation

Forward Multiples (2025 – 2025)

2025
Price/Earnings ratio
10.81
Price/Sales ratio
3.74
Earnings per Share (EPS)
$2.23

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
9.9813.787.9810.649.739.177.837.9712.888.2810.539.73
Price/Sales ratio
9.1610.387.109.218.568.277.037.5310.194.194.978.27
Price/Book Value ratio
1.011.061.141.221.081.261.201.321.031.221.231.08
Price/Cash Flow ratio
-5.70-4.77-28.8814.419.71-3.759.61688.43-6.19-7.7620.429.71
Price/Free Cash Flow ratio
-5.70-4.77-28.8814.419.71-3.759.61688.43-6.19-7.76-108.34-3.75
Price/Earnings Growth ratio
-1.01-0.420.08-0.51N/A0.350.590.75-0.240.09-1.310.35
Dividend Yield
6.19%8.91%7.33%7.97%8.28%6.91%9.35%13.14%10.39%8.50%7.71%6.91%
Profitability Indicator Ratios
Gross Profit Margin
100%51.10%69.79%61.43%104.32%66.55%67.22%62.73%53.10%100%29194.32%104.32%
Operating Profit Margin
109.26%96.02%104.08%107.13%117.85%92.39%92.69%94.73%123.77%75.89%13479.68%117.85%
Pretax Profit Margin
92.99%77.16%90.38%88.81%90.54%92.39%92.69%94.73%81.49%51.09%48.14%92.39%
Net Profit Margin
91.76%75.38%88.94%86.61%88.04%90.20%89.79%94.56%79.16%50.68%47.07%90.20%
Effective Tax Rate
1.32%2.30%1.59%2.47%2.75%2.36%3.13%0.18%2.86%0.80%2.23%2.36%
Return on Assets
6.52%4.19%8.17%6.48%6.87%6.77%7.61%8.29%3.80%6.63%5.29%6.77%
Return On Equity
10.18%7.74%14.38%11.51%11.19%13.81%15.33%16.59%8.05%14.83%11.90%11.19%
Return on Capital Employed
8.07%5.42%9.70%8.13%9.34%7.02%7.95%8.41%6.02%10.13%1514.92%9.34%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/AN/A0.00N/AN/AN/AN/AN/A
Quick Ratio
191.42507.82627.4673.6768.331.040.39-0.4689.741.34N/A1.04
Cash ratio
0.040.090.200.140.410.540.080.050.330.01N/A0.54
Days of Sales Outstanding
28.1845.6523.0919.1523.8327.8015.7917.5650.3923.3031.97K23.83
Days of Inventory outstanding
N/A-3.55-0.5485.90K108.12KN/A0.00116.950.00N/A-0.20N/A
Operating Cycle
N/A42.0922.5585.92K108.15K27.8015.79134.5150.39N/A31.97K31.97K
Days of Payables Outstanding
N/A226.26182.70172.50-1.59K165.11155.68135.25N/AN/AN/A-1.59K
Cash Conversion Cycle
N/A-184.17-160.1485.74K109.74K-137.30-139.88-0.7350.39N/A31.97K31.97K
Debt Ratios
Debt Ratio
0.30N/A0.400.400.060.470.47N/A0.50N/A0.090.06
Debt Equity Ratio
0.47N/A0.710.720.100.970.95N/A1.07N/A0.210.10
Long-term Debt to Capitalization
0.32N/A0.410.42N/A0.490.48N/A0.51N/AN/A0.49
Total Debt to Capitalization
0.32N/A0.410.420.090.490.48N/A0.51N/A0.170.09
Interest Coverage Ratio
-5.43-3.053.69-14.23-5.925.02N/AN/AN/AN/A498.71-5.92
Cash Flow to Debt Ratio
-0.37N/A-0.050.111.04-0.340.13N/A-0.15N/A0.27-0.34
Company Equity Multiplier
1.561.841.751.771.622.032.012.002.112.232.211.62
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
-1.60-2.17-0.240.630.88-2.200.730.01-1.64-0.540.240.24
Free Cash Flow / Operating Cash Flow Ratio
1111111111-0.181
Cash Flow Coverage Ratio
-0.37N/A-0.050.111.04-0.340.13N/A-0.15N/A0.27-0.34
Short Term Coverage Ratio
N/AN/AN/AN/A1.04N/AN/AN/AN/AN/A0.27N/A
Dividend Payout Ratio
61.83%122.80%58.60%84.84%80.58%63.43%73.24%104.79%133.94%70.45%90.33%80.58%