BlackRock TCP Capital (TCPC) Debt/Equity Ratio: History & Chart

BlackRock TCP Capital Corp.(TCPC)

Asset Management · Santa Monica, CA

$3.99+0.01 (+0.25%)

Delayed quote: Oct 6, 2026, 4:00 PM EDT

About BlackRock TCP Capital Corp.

BlackRock TCP Capital Corp. operates as a business development company (BDC) with a primary focus on deploying direct equity and debt capital into middle-market enterprises. Its investment portfolio spans a wide range of financial instruments, encompassing various forms of debt such as senior secured, junior, and originated loans, alongside mezzanine financing, corporate bonds, and opportunistic secondary-market transactions. The firm also actively seeks to acquire ownership stakes through its equity investments. Its investment strategy is geographically centered within the United States, targeting a diverse array of sectors. These include, among others, communication and media services (such as public relations, television, and wireless communications), consumer products and retail (including apparel, restaurants, and general merchandising), the energy sector (specifically oil and gas extraction), intellectual property ownership, various financial services (like credit agencies and insurance), healthcare and biotechnology, industrial engineering and manufacturing (e.g., heavy electrical equipment, chemicals), and a broad spectrum of technology and specialized business services (including IT consulting, software development, application hosting, and certain logistics providers). Individual investments typically fall within the range of $10 million to $35 million. The companies BlackRock TCP Capital Corp. supports generally possess enterprise values between $100 million and $1.5 billion, even when navigating complex operational or financial circumstances.

Santa Monica, CA

24,900 employees

www.tcpcapital.com

Financial Services / Asset Management

Sector: Financial Services
Industry: Asset Management
CEO: Jason A. Mehring

View full financials

TCPC Debt to Equity Ratio Metrics

DEBT TO EQUITY RATIO

1.65

DEBT TO EQUITY RATIO AVG TTM

1.61

DEBT TO EQUITY RATIO AVG 3Y

1.48

DEBT TO EQUITY RATIO AVG 5Y

1.37

DEBT TO EQUITY RATIO AVG 10Y

1.19

DEBT TO EQUITY RATIO AVG 15Y

0.91

DEBT TO EQUITY RATIO AVG 20Y

N/A

CURRENT VS TTM AVG

+2.75%

CURRENT VS 3Y AVG

+11.72%

CURRENT VS 5Y AVG

+20.13%

CURRENT VS 10Y AVG

+38.08%

CURRENT VS 15Y AVG

+81.22%

CURRENT VS 20Y AVG

N/A

SECTOR MEDIAN · FINANCIAL SERVICES

0.28

median of 700 covered companies

CURRENT VS SECTOR MEDIAN

+489.14%

vs the sector median at left

NAME	MARKET CAP	DEBT TO EQUITY RATIO	TTM	3Y	5Y
BlackRock TCP Capital Corp. (TCPC)	$334.77M	1.65	1.61	1.48	1.37
Bold Eagle Acquisition Corp. (BEAG)vs ›	$334.95M	0.00	0.00	0.00	0.00
Crescent Capital BDC, Inc. (CCAP)vs ›	$334.38M	1.41	1.21	1.16	1.07
Blue Water Acquisition Corp III (BLUW)vs ›	$335.36M	0.00	0.00	0.00	0.00
C&F Financial Corporation (CFFI)vs ›	$332.63M	0.43	0.48	0.49	0.46
Orion180 Insurance Group, Inc. Class A (OIG)vs ›	$337.41M	N/A	N/A	N/A	N/A
BayCom Corp (BCML)vs ›	$337.86M	0.14	0.17	0.23	0.26
RRE Ventures Acquisition Corp. (RREV)vs ›	$330.67M	N/A	N/A	N/A	N/A
Fifth Era Acquisition Corp I Class A Ordinary Shares (FERA)vs ›	$330.02M	N/A	0.00	0.00	0.00
Oxley Bridge Acquisition Limited (OBA)vs ›	$328.74M	0.00	0.00	0.00	0.00

NAME

MARKET CAP

DEBT TO EQUITY RATIO

TTM

BlackRock TCP Capital Corp. (TCPC)

$334.77M

1.65

1.61

1.48

1.37

Bold Eagle Acquisition Corp. (BEAG)vs ›

$334.95M

0.00

Crescent Capital BDC, Inc. (CCAP)vs ›

$334.38M

1.41

1.21

1.16

1.07

Blue Water Acquisition Corp III (BLUW)vs ›

$335.36M

0.00

C&F Financial Corporation (CFFI)vs ›

$332.63M

0.43

0.48

0.49

0.46

Orion180 Insurance Group, Inc. Class A (OIG)vs ›

$337.41M

N/A

BayCom Corp (BCML)vs ›

$337.86M

0.14

0.17

0.23

0.26

RRE Ventures Acquisition Corp. (RREV)vs ›

$330.67M

N/A

Fifth Era Acquisition Corp I Class A Ordinary Shares (FERA)vs ›

$330.02M

N/A

0.00

Oxley Bridge Acquisition Limited (OBA)vs ›

$328.74M

0.00

Debt to Equity Ratio FAQ

What is the debt to equity ratio for BlackRock TCP Capital Corp. (TCPC)?

The debt to equity ratio for TCPC stock is 1.65.

Is BlackRock TCP Capital Corp.'s debt to equity ratio high or low?

The debt to equity ratio of 1.65 is 20% above its 5-year average of 1.37, near the high end of its 5-year range (1.20–1.73).

What is the TTM average debt to equity ratio for BlackRock TCP Capital Corp. (TCPC)?

The TTM average debt to equity ratio for TCPC stock is 1.61.

What is the 3Y average debt to equity ratio for BlackRock TCP Capital Corp. (TCPC)?

The 3Y average debt to equity ratio for TCPC stock is 1.48.

What is the 5Y average debt to equity ratio for BlackRock TCP Capital Corp. (TCPC)?

The 5Y average debt to equity ratio for TCPC stock is 1.37.

What is the 10Y average debt to equity ratio for BlackRock TCP Capital Corp. (TCPC)?

The 10Y average debt to equity ratio for TCPC stock is 1.19.

What is the 15Y average debt to equity ratio for BlackRock TCP Capital Corp. (TCPC)?

The 15Y average debt to equity ratio for TCPC stock is 0.91.

DATE	DEBT TO EQUITY RATIO
2026-06-30	1.65
2026-03-31	1.64
2025-12-31	1.73
2025-09-30	1.42
2025-06-30	1.59
2025-03-31	1.41
2024-12-31	1.42
2024-09-30	1.34
2024-06-30	1.51
2024-03-31	1.37
2023-12-31	1.43
2023-09-30	1.32
2023-06-30	1.37
2023-03-31	1.36
2022-12-31	1.26
2022-09-30	1.21
2022-06-30	1.29
2022-03-31	1.25
2021-12-31	1.22
2021-09-30	1.20
2021-06-30	1.21
2021-03-31	1.26
2020-12-31	1.11
2020-09-30	1.27
2020-06-30	1.31
2020-03-31	1.42
2019-12-31	1.17
2019-09-30	1.23
2019-06-30	1.13
2019-03-31	0.97
2018-12-31	0.97
2018-09-30	0.90
2018-06-30	0.93
2018-03-31	0.88
2017-12-31	0.83
2017-09-30	0.76
2017-06-30	0.66
2017-03-31	0.77
2016-12-31	0.72
2016-09-30	0.80
2016-06-30	0.69
2016-03-31	0.76
2015-12-31	0.70
2015-09-30	0.78
2015-06-30	0.56
2015-03-31	0.52
2014-12-31	0.45
2014-09-30	0.49
2014-06-30	0.45
2014-03-31	0.28
2013-12-31	0.17
2013-09-30	0.37
2013-06-30	0.08
2013-03-31	0.22
2012-12-31	0.23
2012-09-30	0.30
2012-06-30	0.05
2012-03-31	0.00
2011-12-31	0.12
2011-09-30	0.00
2011-06-30	0.00

DATE

DEBT TO EQUITY RATIO

2026-06-30

1.65

2026-03-31

1.64

2025-12-31

1.73

2025-09-30

1.42

2025-06-30

1.59

2025-03-31

1.41

2024-12-31

1.42

2024-09-30

1.34

2024-06-30

1.51

2024-03-31

1.37

2023-12-31

1.43

2023-09-30

1.32

2023-06-30

1.37

2023-03-31

1.36

2022-12-31

1.26

2022-09-30

1.21

2022-06-30

1.29

2022-03-31

1.25

2021-12-31

1.22

2021-09-30

1.20

2021-06-30

1.21

2021-03-31

1.26

2020-12-31

1.11

2020-09-30

1.27

2020-06-30

1.31

2020-03-31

1.42

2019-12-31

1.17

2019-09-30

1.23

2019-06-30

1.13

2019-03-31

0.97

2018-12-31

0.97

2018-09-30

0.90

2018-06-30

0.93

2018-03-31

0.88

2017-12-31

0.83

2017-09-30

0.76

2017-06-30

0.66

2017-03-31

0.77

2016-12-31

0.72

2016-09-30

0.80

2016-06-30

0.69

2016-03-31

0.76

2015-12-31

0.70

2015-09-30

0.78

2015-06-30

0.56

2015-03-31

0.52

2014-12-31

0.45

2014-09-30

0.49

2014-06-30

0.45

2014-03-31

0.28

2013-12-31

0.17

2013-09-30

0.37

2013-06-30

0.08

2013-03-31

0.22

2012-12-31

0.23

2012-09-30

0.30

2012-06-30

0.05

2012-03-31

0.00

2011-12-31

0.12

2011-09-30

0.00

2011-06-30

0.00

Debt to Equity Ratio: 1.65

TCPC Debt to Equity Ratio

TCPC Average Debt to Equity Ratio Chart

TCPC Current vs Average Debt to Equity Ratio Chart

TCPC Debt to Equity Ratio Metrics

TCPC Competitors' Debt to Equity Ratio

Financial Health

Debt to Equity Ratio Formula & Definition

Debt to Equity Ratio FAQ

TCPC Debt to Equity Ratio History

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