Lowest Leverage BDCs
BDCs ranked by leverage ratio (total debt / total equity), from lowest (most conservative) to highest. Under the Investment Company Act of 1940, BDCs are generally limited to a 2:1 debt-to-equity ratio.
Last updated: 2026-07-08
Leverage Ratio Rankings
| Rank | Ticker | Name | Leverage Ratio | Dividend Yield | Market Cap |
|---|---|---|---|---|---|
| 1 | PSEC | Prospect Capital Corporation | 0.95 | 12.5% | $2.1B |
| 2 | MAIN | Main Street Capital Corporation | 1.05 | 7.5% | $3.5B |
| 3 | SLRC | SLR Investment Corp. | 1.08 | 9% | $1B |
| 4 | BXSL | Blackstone Secured Lending Fund | 1.1 | 8.5% | $4.8B |
| 5 | GAIN | Gladstone Investment Corporation | 1.15 | 7.5% | $0.8B |
| 6 | OBDC | Blue Owl Capital Corporation | 1.15 | 9.5% | $5.2B |
| 7 | TSLX | Sixth Street Specialty Lending, Inc. | 1.18 | 9.5% | $2.4B |
| 8 | GBDC | Golub Capital BDC, Inc. | 1.2 | 9% | $3.2B |
| 9 | FDUS | Fidus Investment Corporation | 1.22 | 9.5% | $0.8B |
| 10 | CSWC | Capital Southwest Corporation | 1.25 | 8.5% | $1.2B |
| 11 | ARCC | Ares Capital Corporation | 1.28 | 9.2% | $12.1B |
| 12 | HTGC | Hercules Capital, Inc. | 1.35 | 9.8% | $2.6B |