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Capital Southwest CSWC Asset coverage requirement applicable to senior securities

Asset coverage requirement applicable to senior securities at other companies

Blue Owl Capital logo
Blue Owl CapitalOBDC
183%+8.0pp
Prospect Capital logo
Prospect CapitalPSEC
360.5%+22.3pp
Bain Capital Specialty Finance logo
Bain Capital Specialty FinanceBCSF
150%
Golub Capital logo
Golub CapitalGBDC
178.8%-4.0pp
MidCap Financial Investment Corporation logo
MidCap Financial Investment CorporationMFIC
163%-9.0pp
Kayne Anderson BDC logo
Kayne Anderson BDCKBDC
150%0.0pp

Other financials

Income statement

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Net income$27.5M+56.5%
EPS (diluted)$0.44+25.7%

Balance sheet

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Cash & equivalents$29.4M-34.4%
Total debt$1.1B+18.2%
Total equity$1.0B+14.4%
Total assets$2.2B+15.7%

Cash flow

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Operating cash flow-$59.1M-0.7%
CapEx$49.0K-87.6%
Free cash flow-$59.2M-0.1%

Valuation

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Market cap$1.43B+24.4%
Enterprise value$2.53B+22.8%
P/E12.6×-3.6×

Returns & leverage

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Return on equity11.9%+3.3pp
Debt / equity1.1×0.0×

Where this comes from

Reported directly by Capital Southwest in its filing.

Tagged under the XBRL concept us-gaap:InvestmentCompanySeniorSecurityIndebtednessAssetCoverageRatio.

The official record: Capital Southwest’s 10-K, filed May 19, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Capital Southwest's asset coverage requirement applicable to senior securities?
Capital Southwest (CSWC) reported asset coverage requirement applicable to senior securities of 209% in Q1 2026.
How has Capital Southwest's asset coverage requirement applicable to senior securities changed year-over-year?
Capital Southwest's asset coverage requirement applicable to senior securities decreased by 0.9% year-over-year, from 211% to 209%.
What is the long-term trend for Capital Southwest's asset coverage requirement applicable to senior securities?
Over 2 years (2024 to 2026), Capital Southwest's asset coverage requirement applicable to senior securities has grown at a -2.8% compound annual growth rate (CAGR), from 221% to 209%.
What does asset coverage requirement applicable to senior securities mean?
This represents the minimum regulatory threshold for asset coverage that the company must maintain relative to its outstanding senior securities. It acts as a mandatory safety margin to protect debt holders and ensure the company does not become over-leveraged. Falling below this requirement can trigger significant operational and financial restrictions.