(CGBD) Carlyle Secured Lending - Ratings and Ratios

Carlyle Secured Lending, Inc. (NASDAQ:CGBD) is a business development company that specializes in providing debt financing to middle-market companies. Its primary focus is on first lien debt, senior secured loans, and other structured credit products. The firm also invests in second lien senior secured loans, unsecured debt, mezzanine debt, and equity investments, offering a diversified approach to credit markets.

The company targets industries with stable cash flows and growth potential, including healthcare and pharmaceuticals, aerospace and defense, high-tech industries, business services, software, beverage, food, and tobacco. Additionally, it has a strong presence in hotel, gaming, and leisure sectors, as well as banking, finance, insurance, and real estate. This diversified sector approach allows Carlyle Secured Lending to mitigate risk and capitalize on opportunities across various market cycles.

Geographically, the fund operates primarily in the United States but also seeks investments in Luxembourg, the Cayman Islands, Cyprus, and the United Kingdom. This global reach provides access to a broader pool of opportunities while maintaining a focus on middle-market companies with EBITDA between $25 million and $100 million. This target range allows the firm to invest in established businesses with proven financials, reducing the risk often associated with smaller or earlier-stage companies.

From a financial perspective, Carlyle Secured Lending has a market capitalization of $936.68 million, with a price-to-earnings (P/E) ratio of 10.64 and a forward P/E of 10.57. The price-to-book (P/B) ratio of 1.09 indicates that the stock is trading at a modest premium