Carlyle Secured Lending Inc
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Penke I guess you are interested in Carlyle Secured Lending Inc. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Carlyle Secured Lending Inc. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Carlyle Secured Lending Inc (30 sec.)

What can you expect buying and holding a share of Carlyle Secured Lending Inc? (30 sec.)

How much money do you get?

$1.70

When do you have the money?

1 year

How often do you get paid?

95.0%

What is your share worth?

Current worth

$16.23

Expected worth in 1 year

$17.04

How sure are you?

77.5%

+ What do you gain per year?

Total Gains per Share

$2.51

Return On Investment

15.1%

For what price can you sell your share?

Current Price per Share

$16.70

Expected price per share

$15.27 - $

How sure are you?

50%

1. Valuation of Carlyle Secured Lending Inc (5 min.)

Live pricePrice per Share (EOD)

$16.70

Book Value per Share

$16.23

Intrinsic Value Per Share

$-126.10 - $59.36

Total Value Per Share

$-109.87 - $75.59

My calculation of the intrinsic value of Carlyle Secured Lending Inc is based how much money is coming from the company's main activities (Free Cash Flow).

The following numbers are based on moving averages and per share and per quarter.
I use a 6% discount rate for the low estimation and 3% for the high estimation.
The current Free Cash Flow Per Share is 10Y: ($-0.50) 3Y: ($0.43) TTM: ($0.93)
The change per quarter (trend) of the Free Cash Flow Per Share is 10Y: ($0.07) 3Y: ($-0.20) TTM: ($0.20)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$-3.83	$2.32	$-5.18 - $2.76
2	$-10.34	$5.58	$-8.36 - $3.82
3	$-19.20	$9.73	$-11.54 - $4.89
4	$-30.14	$14.72	$-14.72 - $5.95
5	$-42.89	$20.48	$-17.90 - $7.01
6	$-57.21	$26.98	$-21.08 - $8.07
7	$-72.88	$34.16	$-24.26 - $9.13
8	$-89.70	$41.98	$-27.44 - $10.20
9	$-107.49	$50.39	$-30.62 - $11.26
10	$-126.10	$59.36	$-33.79 - $12.32

2. Growth of Carlyle Secured Lending Inc (5 min.)

Is Carlyle Secured Lending Inc growing?

	Current year	Previous year	Grow	Grow %
How rich?	$914.4m	$932.5m	-$22.8m	-2.5%

How much money is Carlyle Secured Lending Inc making?

	Current year	Previous year	Grow	Grow %
Making money	$23m	$20.7m	$2.3m	10.0%
Net Profit Margin	65.3%	78.3%	-	-

How much money comes from the company's main activities?

Quarterly Yearly

3. Financial Health of Carlyle Secured Lending Inc (5 min.)

4. Comparing to competitors in the Asset Management industry (5 min.)

Industry Rankings (Asset Management)

Richest
#174 / 760

Most Revenue
#264 / 760

Most Profit
#213 / 760

Most Efficient
#370 / 760

What can you expect buying and holding a share of Carlyle Secured Lending Inc? (5 min.)

Welcome investor! Carlyle Secured Lending Inc's management wants to use your money to grow the business. In return you get a share of Carlyle Secured Lending Inc.

What can you expect buying and holding a share of Carlyle Secured Lending Inc?

First you should know what it really means to hold a share of Carlyle Secured Lending Inc. And how you can make/lose money.

Speculation

The Price per Share of Carlyle Secured Lending Inc is $16.70. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

The fundamentals: the financial health trends of Carlyle Secured Lending Inc.
The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Carlyle Secured Lending Inc, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $16.23. Based on the TTM, the Book Value Change Per Share is $0.20 per quarter. Based on the YOY, the Book Value Change Per Share is $-0.13 per quarter.
You may receive quarterly/yearly dividend in the form of additional shares.
You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is $0.42 per quarter.

Based on historical numbers we can estimate the returns while holding a share of Carlyle Secured Lending Inc.

How much money are you going to get?

	MRQ		TTM		YOY		5Y		10Y
	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share
Usd Eps	0.53	3.1%	0.40	2.4%	0.36	2.1%	0.34	2.0%	0.27	1.6%
Usd Book Value Change Per Share	0.04	0.2%	0.20	1.2%	-0.13	-0.8%	-0.04	-0.2%	0.31	1.9%
Usd Dividend Per Share	0.41	2.5%	0.42	2.5%	0.38	2.3%	0.40	2.4%	0.32	1.9%
Usd Total Gains Per Share	0.45	2.7%	0.63	3.8%	0.25	1.5%	0.36	2.2%	0.64	3.8%
Usd Price Per Share	14.96	-	14.41	-	13.21	-	12.72	-	9.38	-
Price to Earnings Ratio	7.12	-	17.28	-	18.44	-	9.35	-	3.36	-
Price-to-Total Gains Ratio	33.32	-	9.61	-	-2.64	-	8.75	-	19.56	-
Price to Book Ratio	0.92	-	0.87	-	0.81	-	0.79	-	0.56	-
Price-to-Total Gains Ratio	33.32	-	9.61	-	-2.64	-	8.75	-	19.56	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	16.7
Number of shares	59

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.42	0.40
Usd Book Value Change Per Share	0.20	-0.04
Usd Total Gains Per Share	0.63	0.36
Gains per Quarter (59 shares)	37.07	21.45
Gains per Year (59 shares)	148.30	85.80

Years	Return on Investment (TTM)			Return on Investment (5Y)
	Dividend	Book Value gain	Total gains	Dividend	Book Value gain	Total gains
Broker costs	-	-	-10	-	-	-10
1	100	48	138	95	-9	76
2	200	96	286	190	-19	162
3	301	144	434	285	-28	248
4	401	192	582	380	-37	334
5	501	240	730	475	-46	420
6	601	288	878	571	-56	506
7	702	336	1026	666	-65	592
8	802	385	1174	761	-74	678
9	902	433	1322	856	-84	764
10	1002	481	1470	951	-93	850

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %

	Trailing 12 Months				3Y				5 Year				10 Year				ALLTIME
				%				%				%				%				%
Earnings Per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	18.0	2.0	0.0	90.0%	35.0	5.0	0.0	87.5%	36.0	6.0	0.0	85.7%
Book Value Change Per Share	3.0	1.0	0.0	75.0%	7.0	5.0	0.0	58.3%	10.0	10.0	0.0	50.0%	23.0	17.0	0.0	57.5%	25.0	17.0	0.0	59.5%
Dividend per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	20.0	0.0	0.0	100.0%	38.0	0.0	2.0	95.0%	38.0	0.0	4.0	90.5%
Total Gains per Share	3.0	1.0	0.0	75.0%	8.0	4.0	0.0	66.7%	14.0	6.0	0.0	70.0%	31.0	9.0	0.0	77.5%	33.0	9.0	0.0	78.6%

Fundamentals of Carlyle Secured Lending Inc

About Carlyle Secured Lending Inc

https://carlylesecuredlending.com
Asset Management
0
One Vanderbilt Avenue, New York, NY, United States, 10017
Google Maps Bing Maps

Carlyle Secured Lending, Inc. is business development company specializing in first lien debt, senior secured loans, second lien senior secured loan unsecured debt, mezzanine debt and investments in equities. It specializes in directly investing. It specializes in middle market. It targets healthcare and pharmaceutical, aerospace and defense, high tech industries, business services, software, beverage food and tobacco, hotel gamming and leisure, banking finance insurance and in real estate sector. The fund seeks to invest across United States of America, Luxembourg, Cayman Islands, Cyprus, and United Kingdom. It invests in companies with EBITDA between $25 million and $100 million.

Fundamental data was last updated by Penke on 2024-04-11 04:02:04.

Financial Health

Profitability Details

	Compared to previous year	Compared to industry
The company is making a huge profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is inefficient in making profit.

Operating Efficiency Details

	Compared to previous year	Compared to industry
The company is operating very efficient.
The company is efficient in keeping operating costs low.

Liquidity Details

	Compared to previous year	Compared to industry
The company is able to pay all its short-term debts.
The company is very able to pay all its short-term debts with the most liquid assets.

Solvency Details

	Compared to previous year	Compared to industry
The company is able to pay all its debts by selling its assets.
The company is able to pay all its debts with equity.

Valuation

Valuation Details

	Compared to previous year	Compared to industry
Based on the equity, the company is cheap.
Based on the earnings, the company is fair priced.
Based on how much money comes from the company's main activities, the company is cheap.

1.1. Profitability of Carlyle Secured Lending Inc.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit Carlyle Secured Lending Inc earns for each $1 of revenue.

Above 10% is considered healthy but always compare Carlyle Secured Lending Inc to the Asset Management industry mean.
A Net Profit Margin of 47.1% means that $0.47 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Carlyle Secured Lending Inc:

The MRQ is 47.1%. The company is making a huge profit. +2
The TTM is 65.3%. The company is making a huge profit. +2

Trends

Current period		Compared to		+/-
MRQ	47.1%	TTM	65.3%	-18.2%
TTM	65.3%	YOY	78.3%	-13.0%
TTM	65.3%	5Y	62.2%	+3.1%
5Y	62.2%	10Y	60.6%	+1.5%

Compared to industry (Asset Management)

Period	Company	Industry (mean)	+/-
MRQ	47.1%	62.7%	-15.6%
TTM	65.3%	63.2%	+2.1%
YOY	78.3%	72.4%	+5.9%
5Y	62.2%	62.9%	-0.7%
10Y	60.6%	60.3%	+0.3%

Measures how much net profit Carlyle Secured Lending Inc earns for each $1 of revenue.

Revenue is the amount of profit Carlyle Secured Lending Inc generates before taxes and all other costs. For example, when you buy a cup of coffee it will cost you $3. The company does not earn $3 in profit but also has to pay various costs and taxes to create that cup of coffee. Let's assume the cost of creating a cup of coffee is $1.5.

The $3 you pay for a cup of coffee is called revenue.
The $1.5 that’s left over when all costs to create that cup of coffee (including taxes) are deduced from the revenue is called net profit.

The net profit margin looks at how much net profit Carlyle Secured Lending Inc earns for each $1 in revenue.

How to use net profit margin

Higher profit margin is better (more profit).
Above 10% is considered healthy but always compare Carlyle Secured Lending Inc to the Asset Management industry mean.
Can be used to compare companies within the Asset Management industry.

You typically want a high profit margin. This means that for each $1 in sales, Carlyle Secured Lending Inc makes more profit. This shows the investor how efficiently Carlyle Secured Lending Inc is operating in general and compared to other companies in the same industry. Carlyle Secured Lending Inc operates in the Asset Management industry.

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Carlyle Secured Lending Inc. If profit margins remain low (compared to the Asset Management industry mean) and there are no improvements to make in production costs or other areas that might be a warning sign. If profit margins are high that means the company has low overhead costs and is efficiently using its resources to generate profit.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Net Profit Margin of Carlyle Secured Lending Inc is 0.47. This means that Carlyle Secured Lending Inc earned $0.47 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Net Profit Margin of the Asset Management industry is 62.7%.
What is the trend?
The trend is important because it shows you how Carlyle Secured Lending Inc is performing over time. The most recent quarter might be important if Carlyle Secured Lending Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Carlyle Secured Lending Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare Carlyle Secured Lending Inc with other companies in the same industry (Asset Management).
Net profit margin should rise over the years.
Can be influenced when Carlyle Secured Lending Inc sells assets (profit will increase while costs remain the same).
It won’t show what part of Carlyle Secured Lending Inc is doing great or needs improvement (it only looks at total revenue and total net income).

How to calculate net profit margin

Net profit margin = net income / total revenue * 100%

Real example of Carlyle Secured Lending Inc

You need the following data to determine net profit margin:

Income statement from the period you want to calculate (for example, MRQ or TTM).

Net income MRQ Carlyle Secured Lending Inc = 29,593
Total revenue MRQ Carlyle Secured Lending Inc = 62,895
$29,593 / $62,895 = 0.47 or 47.1%

Higher is better

The higher the net profit margin, the more efficient the company is generating income. This helps investors to determine how the company is managing money. The net profit margin is an important indicator when diving into the financial health of a company. Overall, you want to see the net profit margin rising over the years. That means the company improved their production and made it more efficient (if possible).

You can use the net profit margin to compare companies within the same industry. If there are two companies where one is much bigger but the smaller one has a higher net profit margin, that means the smaller company is more efficiently using operational costs.

Important: Profit margins can be very different between industries. Companies with assembly lines or transports are much more prone to see shifting in prices for fuel, ingredients and maintenance compared to companies that only provide services. You should never compare net profit margin between different industries.

1.1.2. Return on Assets

Shows how efficient Carlyle Secured Lending Inc is using its assets to generate profit.

Above 5% is considered healthy but always compare Carlyle Secured Lending Inc to the Asset Management industry mean.
1.5% Return on Assets means that Carlyle Secured Lending Inc generated $0.02 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Carlyle Secured Lending Inc:

The MRQ is 1.5%. Using its assets, the company is less efficient in making profit.
The TTM is 1.2%. Using its assets, the company is less efficient in making profit.

Trends

Current period		Compared to		+/-
MRQ	1.5%	TTM	1.2%	+0.4%
TTM	1.2%	YOY	1.0%	+0.1%
TTM	1.2%	5Y	1.0%	+0.1%
5Y	1.0%	10Y	0.9%	+0.1%

Compared to industry (Asset Management)

Period	Company	Industry (mean)	+/-
MRQ	1.5%	1.3%	+0.2%
TTM	1.2%	1.1%	+0.1%
YOY	1.0%	0.8%	+0.2%
5Y	1.0%	1.7%	-0.7%
10Y	0.9%	2.5%	-1.6%

Shows how efficient Carlyle Secured Lending Inc is using its assets to generate profit.

For a farm, a tractor is considered an asset. The tractor helps ploughing the land making it possible to plant and harvest crops. But the tractor might be old and needing maintenance all the time reducing its efficiency. Return on assets indicates how effectively the farm is using the tractor (and other assets that help the core business) to plough the land.

How to use return on assets

Higher is better.
Above 5% is considered healthy but always compare Carlyle Secured Lending Inc to the Asset Management industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on assets in their analysis

Shows the investor how effectively Carlyle Secured Lending Inc is using its resources to generate profit. If the return on assets (1.5%) from Carlyle Secured Lending Inc are higher than the Asset Management mean (1.3%) that means Carlyle Secured Lending Inc is using its resources better than their competitors. If not, that means their competitors are more efficient in using their resources to generate profit.

An investor should always look at:

What is the current return on assets?
The current most recent quarter (MRQ) Return on Assets of Carlyle Secured Lending Inc is 1.5%. This means the company generated $0.02 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Asset Management industry is 1.3%.
What is the trend?
The trend is important because it shows you how Carlyle Secured Lending Inc is performing over time. The most recent quarter might be important if Carlyle Secured Lending Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Carlyle Secured Lending Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
If a company has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

How to calculate return on assets

Return on assets = net income / total assets * 100%

Real example Carlyle Secured Lending Inc

You need the following data to determine return on assets (ROA):

Income statement
Balance sheet

Net income MRQ (income statement) from Carlyle Secured Lending Inc = 29,593
Total assets MRQ (balance sheet) from Carlyle Secured Lending Inc = 1,944,211
29,593 / 1,944,211 = 0.02 or 1.5%

ROA is an important ratio as it will tell you how effectively Carlyle Secured Lending Inc is using its resources to generate profits. Example:

Bob and Kristin both sell ice cream in the summer. They both have an ice cream truck. The truck Bob owes cost him $20.000 and the truck Kristin owes cost her $1500. Over the summer, Bob earned $2000 and Kristin earned $200. To calculate the return on assets:

Bob: $2000 / $20.000 * 100% = 10%
Kristin: $200 / $1500 * 100% = 13.3%

This tells you Bob’s company is more valuable but Kristin's company is more efficient. Be aware that total assets can change over time. A transportation business will buy and sell trucks or planes all the time. Before using return on assets as a guideline, you have to know what the exact assets are. For a company that has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

1.1.3. Return on Equity

Shows how efficient Carlyle Secured Lending Inc is using its investors money to generate profit.

Above 15%-20% is considered healthy but always compare Carlyle Secured Lending Inc to the Asset Management industry mean.
3.2% Return on Equity means Carlyle Secured Lending Inc generated $0.03 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Carlyle Secured Lending Inc:

The MRQ is 3.2%. Using its investors money, the company is inefficient in making profit. -1
The TTM is 2.5%. Using its investors money, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	3.2%	TTM	2.5%	+0.7%
TTM	2.5%	YOY	2.2%	+0.3%
TTM	2.5%	5Y	2.1%	+0.5%
5Y	2.1%	10Y	1.7%	+0.3%

Compared to industry (Asset Management)

Period	Company	Industry (mean)	+/-
MRQ	3.2%	2.5%	+0.7%
TTM	2.5%	2.4%	+0.1%
YOY	2.2%	1.7%	+0.5%
5Y	2.1%	2.9%	-0.8%
10Y	1.7%	3.6%	-1.9%

Shows how efficient Carlyle Secured Lending Inc is using its investors money to generate profit.

A publicly traded company (any company that issues shares to the public) is owned by its shareholders. Return on equity calculates the amount of profit for every $1 the shareholders invested.

How to use return on equity

Higher is better.
Above 15%-20% is considered healthy but always compare Carlyle Secured Lending Inc to the Asset Management industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on equity in their analysis

To find out the owners/management's attitude toward their company. You typically want the owners/management to invest in the company and focus on generating profit. If not enough profit is generated (compared to the Asset Management industry mean), the company might not be investing their money efficiently.

The three steps every investor should look at:

What is the current return on equity?
The current most recent quarter (MRQ) Return on Equity of Carlyle Secured Lending Inc is 3.2%. This means Carlyle Secured Lending Inc generated $0.03 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Asset Management industry is 2.5%.
What is the trend?
The trend is important because it shows you how Carlyle Secured Lending Inc is performing over time. The most recent quarter might be important if Carlyle Secured Lending Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Carlyle Secured Lending Inc up to 10 years back (depending if Carlyle Secured Lending Inc existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Does not include intangible assets (non physical assets like licences, computer software, etc.).
Stockholders equity and shareholders equity refer to the same thing.
Liabilities should not be more than three times return on equity.

How to calculate return on equity

Return on equity = net profit / shareholders equity * 100%

Real example of Carlyle Secured Lending Inc

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Carlyle Secured Lending Inc = 29,593
Shareholders equity (balance sheet) MRQ Carlyle Secured Lending Inc = 914,445
29,593 / 914,445 = 0.03 or 3.2%

A negative shareholder equity is a warning sign. It means the company has more liabilities than assets. It might also mean that the owners did not invest enough money or they are taking money out of the business.

1.2. Operating Efficiency of Carlyle Secured Lending Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Carlyle Secured Lending Inc is operating .

Measures how much profit Carlyle Secured Lending Inc makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
Above 15% is considered healthy but always compare Carlyle Secured Lending Inc to the Asset Management industry mean.
An Operating Margin of 0.0% means the company generated $0.00 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Carlyle Secured Lending Inc:

The MRQ is 0.0%. The data is not here.

Trends

Current period		Compared to		+/-
MRQ	-	TTM	280.8%	-280.8%
TTM	280.8%	YOY	77.5%	+203.4%
TTM	280.8%	5Y	67.8%	+213.0%
5Y	67.8%	10Y	24.1%	+43.7%

Compared to industry (Asset Management)

Period	Company	Industry (mean)	+/-
MRQ	-	65.2%	-65.2%
TTM	280.8%	58.0%	+222.8%
YOY	77.5%	72.0%	+5.5%
5Y	67.8%	58.2%	+9.6%
10Y	24.1%	54.9%	-30.8%

Measures how efficient Carlyle Secured Lending Inc is operating .

The more effecient a company creates products or provides services, the more profit it generates.

How to use operating margin

Higher is better
Above 15% is considered healthy but always compare Carlyle Secured Lending Inc to the Asset Management industry mean.
Can be very different between industries
Can be used to compare companies

Why do investors use operating margin in their analysis

To determine how much profit Carlyle Secured Lending Inc is making from it’s core business.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Operating Margin of Carlyle Secured Lending Inc is 0.0%. This means that Carlyle Secured Lending Inc earned $0.00 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Asset Management industry is 65.2%.
What is the trend?
The trend is important because it shows you how Carlyle Secured Lending Inc is performing over time. The most recent quarter might be important if Carlyle Secured Lending Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Carlyle Secured Lending Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Can be calculated in different ways

How to calculate operating margin

Operating margin = operating earnings / total revenue

Real example of Carlyle Secured Lending Inc

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Carlyle Secured Lending Inc = 51,467
Total revenue MRQ Carlyle Secured Lending Inc = 62,895
$51,467 / $62,895 = 0.00 or 0.0%

Operating margin is used to calculate how much profit a company makes after variable costs of production but before paying interest and taxes. Some variable costs examples are wages, raw materials, packaging, and transaction fees. The amount of variable costs is different for each company and industry. In general, a higher operating margin is better as this implicates that a company is running efficiently.

For investors, a higher operating margin is a good sign. Although you should always look at operating margin in the long term. If operating margin is fluctuating over the years this might be a sign that things are not running efficiently enough. It’s a way to check how much profit a company is making from its core business.

Operation earnings can be calculated in multiple ways:

Operation earnings = EBIT - non operating income + non operating expense
Operation earnings = Gross profit - operating expense - depreciation and amortisation
Operation earnings = Total revenue - COGS (costs of goods sold) - indirect costs

1.2.2. Operating Ratio

Measures how efficient Carlyle Secured Lending Inc is keeping operating costs low.

Below 1 is considered healthy (always compare to Asset Management industry mean).
An Operation Ratio of 0.18 means that the operating costs are $0.18 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Carlyle Secured Lending Inc:

The MRQ is 0.182. The company is very efficient in keeping operating costs low. +2
The TTM is 0.750. The company is efficient in keeping operating costs low. +1

Trends

Current period		Compared to		+/-
MRQ	0.182	TTM	0.750	-0.568
TTM	0.750	YOY	0.445	+0.305
TTM	0.750	5Y	0.914	-0.164
5Y	0.914	10Y	1.627	-0.713

Compared to industry (Asset Management)

Period	Company	Industry (mean)	+/-
MRQ	0.182	0.426	-0.244
TTM	0.750	0.470	+0.280
YOY	0.445	0.358	+0.087
5Y	0.914	0.464	+0.450
10Y	1.627	0.487	+1.140

Measures how efficient Carlyle Secured Lending Inc is keeping operating costs low.

If the operating ratio is below 1 that means the company is making money. The lower the operating ratio, the more efficient the company.

How to use operating ratio

Lower is better.
Below 1 is considered healthy but always compare Carlyle Secured Lending Inc to the Asset Management industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use operating ratio in their analysis

Shows if costs of creating products and or services is increasing or decreasing. The lower the operating ratio, the more efficient the company is creating products and services.

The three steps every investor should look at:

What is the current Operatin ratio?
The current most recent quarter (MRQ) Operating Ratio of Carlyle Secured Lending Inc is 18.2%. This means that Carlyle Secured Lending Inc earned $0.18 for each $1 in net sales in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Ratio of the Asset Management industry is 0.43.
What is the trend?
The trend is important because it shows you how Carlyle Secured Lending Inc is performing over time. The most recent quarter might be important if Carlyle Secured Lending Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Carlyle Secured Lending Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
You need COGS to calculate operating ratio which is not always shown in the income statement.
Does not consider debt.

How to calculate operating ratio

Operating ratio = Operating expenses + COGS \ Net sales

Real life example Carlyle Secured Lending Inc

You need the following data to determine operating ratio:

Income statement

COGS is not always specified on the income statement. If so you can use the following calculation:

(cost of revenue + total operating expenses) \ total revenue
(13,455 +-2,027) \ 62,895 = 0.18

The operating ratio measures the efficiency of a company at keeping low costs while generating profits from sales. It compares the total operating expenses to the net amount of sales. The total operating expenses exists of:

COGS (materials, labour, rent of facility, repairs)
Operating expenses (legal fees, marketing, wages, rent, maintenance/repairs)

Operating expenses are all the costs the company makes that are not directly tied to the production of the service or product. Where COGS are costs that are directly tied to the production of a product or service.

Do note that COGS is not always available in the income statement. Some companies include COGS in the operating expenses while others list COGS separately. To make it even more confusing, COGS is also known as “costs of sales” and costs of sales is the same as costs of revenue.

The operating ratio tells you how efficient the company is creating its products or services while keeping prices low. In this case, a lower ratio is better. Higher or rising operating ratios might tell you that costs are rising while sales are not improving or staying the same.

1.3. Liquidity of Carlyle Secured Lending Inc.

1.3. Liquidity

1.3.1. Current Ratio

Measures if Carlyle Secured Lending Inc is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to Asset Management industry mean).
A Current Ratio of 0.00 means the company has $0.00 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Carlyle Secured Lending Inc:

The MRQ is 0.000. The data is not here.

Trends

Current period		Compared to		+/-
MRQ	-	TTM	1.884	-1.884
TTM	1.884	YOY	9.617	-7.733
TTM	1.884	5Y	2.820	-0.936
5Y	2.820	10Y	1.637	+1.183

Compared to industry (Asset Management)

Period	Company	Industry (mean)	+/-
MRQ	-	3.024	-3.024
TTM	1.884	3.114	-1.230
YOY	9.617	3.915	+5.702
5Y	2.820	5.252	-2.432
10Y	1.637	6.555	-4.918

Measures if Carlyle Secured Lending Inc is able to pay off Short-term Debt.

How to use current ratio

Higher is better
Above 1.5 is considered healthy (always compare to Asset Management industry mean).
Can be very different between industries
Can be used to compare companies

Why do investors use current ratio in their analysis

Shows if the company can pay of short term debts if needed. A company that can't pay off it's short term debts might get in trouble if they have to pay off their short term debts for whatever reason. For example, markets can change due to global events like covid-19 or the war in Ukraine versus Russia. Because debts are always taken based on future income, it might become troublesome for Carlyle Secured Lending Inc if something happens in the market that will cause sales to plummet.

The three steps every investor should look at:

What is the current current Ratio?
The current most recent quarter (MRQ) Current Ratio of Carlyle Secured Lending Inc is 0.00. This means Carlyle Secured Lending Inc has $0.00 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Asset Management industry is 3.02.
What is the trend?
The trend is important because it shows you how Carlyle Secured Lending Inc is performing over time. The most recent quarter might be important if Carlyle Secured Lending Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Carlyle Secured Lending Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Might be deluded.
Not all assets can always be quickly sold.
Can be manipulated by increasing or decreasing the assets and/or liabilities.

How to calculate current ratio

Current ratio = current assets \ current liabilities

Real life example Carlyle Secured Lending Inc

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
0 \ 30,912) = 0.00

The current ratio measures if Carlyle Secured Lending Inc is able to pay short-term debts (obligations). Short term in this context means all debt obligations that are about to expire within one year. The current ratio incorporates current liabilities and current assets. Current assets are all the assets a company has that are expected to be consumed or sold within standard business operations. You can find the current assets in the balance sheet. They consist of:

Inventory
Accounts receivable
Marketable securities
Prepaid expenses
Cash
Cash equivalents
liquid assets

The current liabilities are short term obligations that are due within one year. These consist of:

Short term debts
Dividends
Income taxes
Short-term debts
Accounts payable
Interest payments

The result shows an investor if Carlyle Secured Lending Inc is able to pay all its short-term debts if they were due all at once. When the result of the above formula is below 1, then Carlyle Secured Lending Inc does not have enough capital after selling all its assets to pay all short-term debts. If the ratio drops far below 1 that might indicate Carlyle Secured Lending Inc is or will be in financial trouble anytime soon.

Although this gives an investor some clues, the current ratio may also be deluded. Because owning assets does not mean the company can easily sell them. Also, Accounts receivable may be quite old (they will probably never pay) which deludes the current ratio. As with all ratios, you should only compare them between the same industries and companies.

1.3.2. Quick Ratio

Measures if Carlyle Secured Lending Inc is able to pay off Short-term Debt but only using the most liquid assets.

Above 1 is considered healthy but always compare Carlyle Secured Lending Inc to the Asset Management industry mean.
A Quick Ratio of 3.10 means the company can pay off $3.10 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Carlyle Secured Lending Inc:

The MRQ is 3.100. The company is very able to pay all its short-term debts with the most liquid assets. +2
The TTM is 19.301. The company is very able to pay all its short-term debts with the most liquid assets. +2

Trends

Current period		Compared to		+/-
MRQ	3.100	TTM	19.301	-16.201
TTM	19.301	YOY	22.324	-3.023
TTM	19.301	5Y	11.961	+7.340
5Y	11.961	10Y	7.605	+4.356

Compared to industry (Asset Management)

Period	Company	Industry (mean)	+/-
MRQ	3.100	3.036	+0.064
TTM	19.301	3.357	+15.944
YOY	22.324	4.304	+18.020
5Y	11.961	6.669	+5.292
10Y	7.605	6.276	+1.329

Measures if Carlyle Secured Lending Inc is able to pay off Short-term Debt but only using the most liquid assets.

How to use quick ratio

Higher is better.
Above 1 is considered healthy but always compare Carlyle Secured Lending Inc to the Asset Management industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use quick ratio in their analysis

Shows how fast Carlyle Secured Lending Inc can pay off its short term debts. This shows if Carlyle Secured Lending Inc can survive emergencies due to market changes or other reasons.

The three steps every investor should look at:

What is the current Quick Ratio?
The current most recent quarter (MRQ) quickRatio of Carlyle Secured Lending Inc is 3.10. This means that Carlyle Secured Lending Inc can pay off $3.10 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Asset Management industry is 3.04.
What is the trend?
The trend is important because it shows you how Carlyle Secured Lending Inc is performing over time. The most recent quarter might be important if Carlyle Secured Lending Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Carlyle Secured Lending Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Incorporates only most liquid assets.

How to calculate quick ratio

Quick ratio = cash and equivalents + marketable securities + accounts receivable / current liabilities

Real life example Carlyle Secured Lending Inc

You need the following data to determine operating ratio:

Balance sheet
Quick ratio = cash and short-term investments + short-term investments + netReceivables / total current liabilities
MRQ quick ratio Carlyle Secured Lending Inc: (60,447 + 0 +35,394) / 30,912 = 3.10

The quick ratio measures the same thing as the current ratio, only it uses the most liquid assets a company has. Meaning, the assets that can be sold for cash the easiest and fastest.

As the quick ratio only incorporates the most liquid assets, you should also check the current ratio which also includes less liquid assets. But they may be harder to sell.

1.4. Solvency of Carlyle Secured Lending Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of Carlyle Secured Lending Inc assets are financed with debt.

Below 1 (100%) is considered healthy but always compare Carlyle Secured Lending Inc to Asset Management industry mean.
A Debt to Asset Ratio of 0.53 means that Carlyle Secured Lending Inc assets are financed with 53.0% credit (debt) and the remaining percentage (100% - 53.0%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of Carlyle Secured Lending Inc:

The MRQ is 0.530. The company is able to pay all its debts by selling its assets. +1
The TTM is 0.541. The company is able to pay all its debts by selling its assets. +1

Trends

Current period		Compared to		+/-
MRQ	0.530	TTM	0.541	-0.012
TTM	0.541	YOY	0.541	+0.001
TTM	0.541	5Y	0.544	-0.003
5Y	0.544	10Y	0.503	+0.041

Compared to industry (Asset Management)

Period	Company	Industry (mean)	+/-
MRQ	0.530	0.170	+0.360
TTM	0.541	0.176	+0.365
YOY	0.541	0.176	+0.365
5Y	0.544	0.191	+0.353
10Y	0.503	0.188	+0.315

Measures how much % of Carlyle Secured Lending Inc assets are financed with debt.

When there are more debts than assets, that means creditors have a larger stake Carlyle Secured Lending Inc than its shareholders.

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Carlyle Secured Lending Inc to Asset Management industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to asset ratio in their analysis

It shows how much debt the company used to finance its assets. If a company is almost entirely financed with debt that means the company might get into serious trouble when emergencies arise like a raise in interest.

The three steps every investor should look at:

What is the current debt to asset ratio?
The current most recent quarter (MRQ) Debt to Asset Ratio of Carlyle Secured Lending Inc is 0.53. This means means that Carlyle Secured Lending Inc is financed with 53.0% credit and the remaining percentage is financed by it's owners (shareholders).
How does it compare to the industry?
The mean MRQ Current Ratio of the Asset Management industry is 302.4%.
What is the trend?
The trend is important because it shows you how Carlyle Secured Lending Inc is performing over time. The most recent quarter might be important if Carlyle Secured Lending Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Carlyle Secured Lending Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Some companies can have higher debt to assets ratio's (for example, banks).
Debt to asset ratio should improve over the years.
If the debt to asset ratio is above 1, look at the industry mean and find out why Carlyle Secured Lending Inc has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Carlyle Secured Lending Inc

You need the following data to determine debt to asset ratio:

Balance sheet
Debt to asset ratio = total debt \ total assets
1,029,766 \ 1,944,211 = 53.0% or 0.53.

The debt to total assets ratio shows if the company is owned by creditors or shareholders. Or in other words, the total debt in relation to the total amount of assets. It shows how much debt the company used to finance its assets.

1.4.2. Debt to Equity Ratio

Measures if Carlyle Secured Lending Inc is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare Carlyle Secured Lending Inc to the Asset Management industry mean.
A Debt to Equity ratio of 112.6% means that company has $1.13 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Carlyle Secured Lending Inc:

The MRQ is 1.126. The company is able to pay all its debts with equity. +1
The TTM is 1.182. The company is able to pay all its debts with equity. +1

Trends

Current period		Compared to		+/-
MRQ	1.126	TTM	1.182	-0.056
TTM	1.182	YOY	1.180	+0.002
TTM	1.182	5Y	1.199	-0.018
5Y	1.199	10Y	1.036	+0.164

Compared to industry (Asset Management)

Period	Company	Industry (mean)	+/-
MRQ	1.126	0.202	+0.924
TTM	1.182	0.198	+0.984
YOY	1.180	0.209	+0.971
5Y	1.199	0.253	+0.946
10Y	1.036	0.256	+0.780

Measures if Carlyle Secured Lending Inc is able to pay off its debts by using shareholders equity.

How to use debt to equity ratio

Lower is better.
Below 2 is considered healthy (always use industry average).
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to shareholders equity ratio in their analysis

It shows how much debt the company uses to finance their operations. Shareholders equity is whats left over when you subtract total liabilities from total assets. It's another way to meassure how much of Carlyle Secured Lending Inc is financed with debt or own resources.

The three steps every investor should look at:

What is the current debt to equity ratio?
The current most recent quarter (MRQ) quickRatio of Carlyle Secured Lending Inc is 1.13. This means that Carlyle Secured Lending Inc can pay off $1.13 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Asset Management industry is 0.20.
What is the trend?
The trend is important because it shows you how Carlyle Secured Lending Inc is performing over time. The most recent quarter might be important if Carlyle Secured Lending Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Carlyle Secured Lending Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Not all debt is equally risky (for example, short term risk is less risky).

How to calculate debt to equity ratio

Debt to equity ratio = total debt \ shareholders equity.

Real life example Carlyle Secured Lending Inc

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
1,029,766 \ 914,445 = 1.13 or 112.6%

Debt to equity measures the total debt versus the total shareholders equity. While the total debts to total assets ratio uses total assets, the debt to equity ratio looks at the total equity of shareholders. Where equity of shareholders are:

Common shares.
Preferred shares.
Retained earnings.

You can find the shareholders' equity in the balance sheet. A ratio between 0,5 and 1,5 is preferred. If the ratio is above 1.5, that would indicate creditors have significantly more stake (debt) in the company than the shareholders. In other words, the company is using a lot of debt to finance their operations.

Not all debt is equally risky. Meaning you can adjust the ratio by including or excluding certain amounts of debt. Short term debts are less risky because they have to be paid back within one year anyway. It’s much easier to plan one year ahead versus five or ten years.

2. Market Valuation of Carlyle Secured Lending Inc

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Carlyle Secured Lending Inc generates.

Above 15 is considered overpriced but always compare Carlyle Secured Lending Inc to the Asset Management industry mean.
A PE ratio of 7.12 means the investor is paying $7.12 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Carlyle Secured Lending Inc:

The EOD is 7.951. Based on the earnings, the company is underpriced. +1
The MRQ is 7.123. Based on the earnings, the company is cheap. +2
The TTM is 17.284. Based on the earnings, the company is fair priced.

Trends

Current period		Compared to		+/-
EOD	7.951	MRQ	7.123	+0.828
MRQ	7.123	TTM	17.284	-10.161
TTM	17.284	YOY	18.437	-1.153
TTM	17.284	5Y	9.353	+7.931
5Y	9.353	10Y	3.357	+5.996

Compared to industry (Asset Management)

Period	Company	Industry (mean)	+/-
EOD	7.951	5.927	+2.024
MRQ	7.123	5.990	+1.133
TTM	17.284	6.212	+11.072
YOY	18.437	3.709	+14.728
5Y	9.353	5.739	+3.614
10Y	3.357	7.730	-4.373

Measures how much money you pay for each share for every $1 in earnings Carlyle Secured Lending Inc generates.

Indicates if the company’s shares are under or overvalued.

How to use PE ratio

Above 15 is considered overpriced but is hard to determine. Always compare Carlyle Secured Lending Inc to the Asset Management industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use PE ratio in their analysis

The PE ratio tells investors the current sentiment in the market for that company. As with every stock, the stock price never shows the real valuation of a company but rather how the market thinks how much the stock is worth.

In other words, the current stock price also incorporates any future earnings or business opportunities in the future. The best example is the stock market crash in 2000. The PE ratio for any internet based company was going through the roof. Only based on the general assumption the internet and all associated businesses would thrive in the future. But this was based on nothing. A business still needs a good product or service to be able to survive. Instead, every investor bought any stock which did something related to the internet. Result: huge market crash.

Many investors were willing to pay premium prices and that was causing the PE ratio to rise. A high PE ratio is a warning sign that investors might be overvaluing a stock based on future earnings.

The three steps every investor should look at:

What is the current PE Ratio?
The current most recent quarter (MRQ) PE Ratio of Carlyle Secured Lending Inc is 7.12. This means the investor is paying $7.12 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Asset Management industry is 5.99.
What is the trend?
The trend is important because it shows you how Carlyle Secured Lending Inc is performing over time. The most recent quarter might be important if Carlyle Secured Lending Inc released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Carlyle Secured Lending Inc up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Some industries might have very high or very low PE ratios in general.
PE ratios can be high for several years, it does not mean a sudden collapse is imminent.
Earnings growth is not included in the PE ratio.

How to calculate PE ratio

PE ratio = market value per share \ earnings per share

Real life example Carlyle Secured Lending Inc

You need the following data to determine the PE ratio:

Balance sheet
Income statement

The PE ratio is a very commonly used ratio to determine the value of a company by comparing the current stock price relative to its earnings per share (EPS). Before we can calculate the PE ratio we need to know the EPS. EPS is calculated as follows:

EPS = (net profit - preferred dividends) \ end of period outstanding shares*
Net profit = revenue - expenses
0 \ 56,359 = EPS
PE ratio MRQ = 7.12

* The net profit minus preferred dividends can be found in the incomestatement as netIncomeApplicableToCommonShares.

The PE value helps investors to determine if the current stock price is under or overvalued. It also projects future growth.

In general, a higher PE ratio means that investors predict higher future growth. If the PE ratio is too high, then investors expect way too much future growth the company can never fulfil. This is most likely to happen in faster moving companies like tech companies or automobile companies like Tesla. These are hot and booming markets where investors expect much future growth driven by new technology (electric cars). When looking at the current MRQ (most recent quarter) PE ratio of Tesla ( jan. 2021) it's about 247 while the average in the industry is only 6. That might be a clue that Tesla is trading for way too high prices compared to their current assets and is more based on future growth.

2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Carlyle Secured Lending Inc:

The EOD is 9.288. Based on how much money comes from the company's main activities, the company is cheap. +2
The MRQ is 8.320. Based on how much money comes from the company's main activities, the company is cheap. +2
The TTM is 5.344. Based on how much money comes from the company's main activities, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	9.288	MRQ	8.320	+0.968
MRQ	8.320	TTM	5.344	+2.976
TTM	5.344	YOY	-1.537	+6.880
TTM	5.344	5Y	-4.523	+9.866
5Y	-4.523	10Y	-2.159	-2.364

Compared to industry (Asset Management)

Period	Company	Industry (mean)	+/-
EOD	9.288	4.945	+4.343
MRQ	8.320	4.706	+3.614
TTM	5.344	3.604	+1.740
YOY	-1.537	1.756	-3.293
5Y	-4.523	2.177	-6.700
10Y	-2.159	2.499	-4.658

2. Book Value per Share

2.3. Price to Book Ratio

Measures if the stock price of Carlyle Secured Lending Inc is to cheap or to expensive compared to its book value.

At or below 1 is considered healthy (always compare to Asset Management industry mean).
A PB ratio of 0.92 means the investor is paying $0.92 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Carlyle Secured Lending Inc:

The EOD is 1.029. Based on the equity, the company is underpriced. +1
The MRQ is 0.922. Based on the equity, the company is cheap. +2
The TTM is 0.869. Based on the equity, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	1.029	MRQ	0.922	+0.107
MRQ	0.922	TTM	0.869	+0.053
TTM	0.869	YOY	0.807	+0.062
TTM	0.869	5Y	0.789	+0.080
5Y	0.789	10Y	0.559	+0.230

Compared to industry (Asset Management)

Period	Company	Industry (mean)	+/-
EOD	1.029	0.925	+0.104
MRQ	0.922	0.911	+0.011
TTM	0.869	0.910	-0.041
YOY	0.807	0.975	-0.168
5Y	0.789	1.012	-0.223
10Y	0.559	1.162	-0.603

2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Carlyle Secured Lending Inc.

3.1. Institutions holding Carlyle Secured Lending Inc

Institutions are holding 25.372% of the shares of Carlyle Secured Lending Inc.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	Morgan Stanley - Brokerage Accounts	3.9456	0.0026	2004157	117279	6.2155
2023-12-31	LSV Asset Management	3.1473	0.0522	1598663	-84800	-5.0372
2023-12-31	Van Eck Associates Corporation	1.8333	0.0254	931241	89203	10.5937
2023-12-31	Bank of America Corp	1.5374	0.0012	780915	445635	132.9143
2023-12-31	Millennium Management LLC	0.8411	0.0028	427237	321219	302.9853
2023-12-31	Goldman Sachs Group Inc	0.7846	0.0005	398534	307846	339.4562
2023-12-31	Legal & General Group PLC	0.781	0.0015	396720	31046	8.4901
2023-12-31	Two Sigma Investments LLC	0.6352	0.0111	322653	13519	4.3732
2023-12-31	Two Sigma Advisers, LLC	0.5833	0.0104	296300	24000	8.8138
2023-09-30	D. E. Shaw & Co LP	0.5456	0.0042	277147	-26778	-8.8107
2023-12-31	Muzinich & Co Inc	0.5066	2.5609	257336	-18827	-6.8174
2023-12-31	Advisors Asset Management	0.4996	0.0775	253752	46973	22.7165
2023-12-31	Sumitomo Mitsui Trust Holdings Inc	0.4966	0.0028	252247	-20266	-7.4367
2023-12-31	Novare Capital Management LLC	0.4848	0.3748	246240	2675	1.0983
2023-12-31	Royal Bank of Canada	0.4337	0.0008	220322	1892	0.8662
2023-12-31	Neuberger Berman Group LLC	0.427	0.0028	216914	-15334	-6.6024
2023-12-31	Condor Capital Management	0.4146	0.3378	210613	17756	9.2068
2023-12-31	DH Logix, LLC	0.3973	0.6634	201817	-6122	-2.9441
2023-12-31	UBS Group AG	0.3705	0.0008	188214	15341	8.8741
2023-12-31	Mckinley Capital Management LLC	0.3397	0.3317	172572	-2137	-1.2232
Total		19.0048	4.4652	9653594	+1260120	+13.1%

3.2. Funds holding Carlyle Secured Lending Inc

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2024-03-29	VanEck BDC Income ETF	1.9815	1.5968	1006481	4944	0.4936
2024-03-28	iShares Listed Private Eq ETF USD Dist	0.3618	0.3809	183752	0	0
2023-09-30	Undrly L&G Pen PMC Multi Asset	0.3075	0.0084	156219	156219	0
2023-09-30	BankInvest Børsnoterede Alt. Akk. W	0.2627	2.0362	133460	0	0
2024-02-29	Undrly L&G Pen PMC Diversified	0.1889	0.0108	95930	89	0.0929
2023-12-31	LSV Small Cap Value Institutional	0.1577	0.309	80100	0	0
2024-02-29	Optimum Small-Mid Cap Value Instl	0.1272	0.1595	64600	0	0
2024-03-28	Virtus Private Credit ETF	0.0782	1.7735	39733	0	0
2023-12-31	ALPS Global Opportunity I USD	0.0723	0.9461	36700	0	0
2024-02-29	SEI Small Cap Value F (SIMT)	0.0598	0.1386	30373	0	0
2024-03-31	Micro Cap Value Equity	0.0547	0.8285	27800	0	0
2023-09-30	LSV US Small Cap Value Equity Tier 5	0.0374	0.3688	19000	0	0
2024-03-28	FlexShares® Listed Priv Eq ETF USD Acc	0.0348	0.1048	17679	318	1.8317
2023-12-31	LSV Global Value Institutional	0.0339	0.3458	17200	0	0
2024-03-28	Cambria Micro and Smcp Shld Yld ETF	0.0317	0.9578	16121	0	0
2023-12-31	ALPS Global Opportunity I USD	0.0276	0.903	14000	-1100	-7.2848
2023-12-31	Vanguard Growth & Income Inv	0.0272	0.0016	13800	1000	7.8125
2024-02-29	LSV U.S. Small Cap Value Equity Tier 7	0.0234	0.265	11900	0	0
2023-12-31	Lazard US Systematic Small Cap Eq Ins	0.0169	0.3205	8591	352	4.2724
2024-02-29	BCI Worldwide Opportunities A	0.0127	1.0486	6453	0	0
Total		3.8979	12.5042	1979892	+161822	+8.2%

3.3. Insider Transactions

Insiders are holding 0.879% of the shares of Carlyle Secured Lending Inc.

Date	Owner	Type	Amount	Price
2023-08-30	Alexander Popov	BUY	5000	14.78
2023-06-09	Aren C Leekong	BUY	3394	14.74
2023-06-05	Aren C Leekong	BUY	6	14.19
2023-05-31	Aren C Leekong	BUY	1454	13.65
2023-05-25	Aren C Leekong	BUY	1454	13.6
2023-05-18	Thomas M Hennigan	BUY	3900	13.39

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Carlyle Secured Lending Inc compared to the Most Recent Quarter (MRQ).

	End of day	+/-	Most Recent Quarter	Trailing 12 Months	+/-	Year-Over-Year	+/-	5 Year	+/-	10 Year	+/-
Book Value Change Per Share	-	-	0.037	0.204	-82%	-0.132	+457%	-0.039	+207%	0.314	-88%
Book Value Per Share	-	-	16.225	16.609	-2%	16.445	-1%	16.040	+1%	14.444	+12%
Current Ratio	-	-	-	1.884	-100%	9.617	-100%	2.820	-100%	1.637	-100%
Debt To Asset Ratio	-	-	0.530	0.541	-2%	0.541	-2%	0.544	-3%	0.503	+5%
Debt To Equity Ratio	-	-	1.126	1.182	-5%	1.180	-5%	1.199	-6%	1.036	+9%
Dividend Per Share	-	-	0.412	0.425	-3%	0.383	+8%	0.403	+2%	0.323	+27%
Eps	-	-	0.525	0.404	+30%	0.356	+47%	0.335	+57%	0.274	+91%
Free Cash Flow Per Share	-	-	0.450	0.934	-52%	0.028	+1512%	0.445	+1%	-0.500	+211%
Free Cash Flow To Equity Per Share	-	-	-0.448	0.003	-14035%	-0.277	-38%	-0.047	-90%	-0.007	-98%
Gross Profit Margin	-	-	1.000	1.000	0%	1.000	0%	1.000	0%	1.000	0%
Intrinsic Value_10Y_max	-	-	59.360	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	-126.096	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	2.320	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	-3.830	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	9.735	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	-19.202	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	20.484	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	-42.890	-	-	-	-	-	-	-	-
Market Cap	848274830.000	+1%	843133078.480	790318660.270	+7%	752308977.118	+12%	738336747.562	+14%	552358345.561	+53%
Net Profit Margin	-	-	0.471	0.653	-28%	0.783	-40%	0.622	-24%	0.606	-22%
Operating Margin	-	-	-	2.808	-100%	0.775	-100%	0.678	-100%	0.241	-100%
Operating Ratio	-	-	0.182	0.750	-76%	0.445	-59%	0.914	-80%	1.627	-89%
Pb Ratio	1.029	+10%	0.922	0.869	+6%	0.807	+14%	0.789	+17%	0.559	+65%
Pe Ratio	7.951	+10%	7.123	17.284	-59%	18.437	-61%	9.353	-24%	3.357	+112%
Price Per Share	16.700	+10%	14.960	14.410	+4%	13.210	+13%	12.725	+18%	9.385	+59%
Price To Free Cash Flow Ratio	9.288	+10%	8.320	5.344	+56%	-1.537	+118%	-4.523	+154%	-2.159	+126%
Price To Total Gains Ratio	37.191	+10%	33.316	9.607	+247%	-2.639	+108%	8.749	+281%	19.558	+70%
Quick Ratio	-	-	3.100	19.301	-84%	22.324	-86%	11.961	-74%	7.605	-59%
Return On Assets	-	-	0.015	0.012	+31%	0.010	+49%	0.010	+49%	0.009	+69%
Return On Equity	-	-	0.032	0.025	+28%	0.022	+46%	0.021	+56%	0.017	+86%
Total Gains Per Share	-	-	0.449	0.628	-29%	0.251	+79%	0.364	+24%	0.637	-30%
Usd Book Value	-	-	914445000.000	909690750.000	+1%	932526750.000	-2%	929884650.000	-2%	825344450.000	+11%
Usd Book Value Change Per Share	-	-	0.037	0.204	-82%	-0.132	+457%	-0.039	+207%	0.314	-88%
Usd Book Value Per Share	-	-	16.225	16.609	-2%	16.445	-1%	16.040	+1%	14.444	+12%
Usd Dividend Per Share	-	-	0.412	0.425	-3%	0.383	+8%	0.403	+2%	0.323	+27%
Usd Eps	-	-	0.525	0.404	+30%	0.356	+47%	0.335	+57%	0.274	+91%
Usd Free Cash Flow	-	-	25335000.000	50033750.000	-49%	3628000.000	+598%	25167250.000	+1%	-24595800.000	+197%
Usd Free Cash Flow Per Share	-	-	0.450	0.934	-52%	0.028	+1512%	0.445	+1%	-0.500	+211%
Usd Free Cash Flow To Equity Per Share	-	-	-0.448	0.003	-14035%	-0.277	-38%	-0.047	-90%	-0.007	-98%
Usd Market Cap	848274830.000	+1%	843133078.480	790318660.270	+7%	752308977.118	+12%	738336747.562	+14%	552358345.561	+53%
Usd Price Per Share	16.700	+10%	14.960	14.410	+4%	13.210	+13%	12.725	+18%	9.385	+59%
Usd Profit	-	-	29593000.000	23070000.000	+28%	20753000.000	+43%	20190200.000	+47%	15530375.000	+91%
Usd Revenue	-	-	62895000.000	37929250.000	+66%	24164250.000	+160%	36914900.000	+70%	25983875.000	+142%
Usd Total Gains Per Share	-	-	0.449	0.628	-29%	0.251	+79%	0.364	+24%	0.637	-30%
	EOD	+4 -4	MRQ	TTM	+15 -20	YOY	+23 -12	5Y	+25 -10	10Y	+19 -16

4.2. Fundamental Score

Let's check the fundamental score of Carlyle Secured Lending Inc based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	7.951
Price to Book Ratio (EOD)	Between	0-1	1.029
Net Profit Margin (MRQ)	Greater than	0	0.471
Operating Margin (MRQ)	Greater than	0	0.000
Quick Ratio (MRQ)	Greater than	1	3.100
Current Ratio (MRQ)	Greater than	1	0.000
Debt to Asset Ratio (MRQ)	Less than	1	0.530
Debt to Equity Ratio (MRQ)	Less than	1	1.126
Return on Equity (MRQ)	Greater than	0.15	0.032
Return on Assets (MRQ)	Greater than	0.05	0.015
Total			4/10 (40.0%)

Create your own Stock Scanner

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4.3. Technical Score

Let's check the technical score of Carlyle Secured Lending Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	68.610
Ma 20	Greater than	Ma 50	16.283
Ma 50	Greater than	Ma 100	15.726
Ma 100	Greater than	Ma 200	15.196
Open	Greater than	Close	16.720
Total			5/5 (100.0%)

Create your own Symbol Scanner

Trading is personal. The best traders buy and sell based on their own technical analysis. Create your personal Symbol Scanner with the technical indicators that are important to you.
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Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

		2022-12-31		2023-03-31		2023-06-30		2023-09-30		2023-12-31
Total Operating Expenses		2,225	-431	1,794	329	2,123	-518	1,605	-3,632	-2,027

Latest Balance Sheet

Balance Sheet of 2023-12-31. Currency in USD. All numbers in thousands.

Summary

Total Assets	1,944,211
Total Liabilities	1,029,766
Total Stockholder Equity	914,445

	As reported
Total Liabilities	1,029,766
Total Stockholder Equity	+ 914,445
Total Assets	= 1,944,211

Assets

Total Assets	1,944,211
Total Current Assets	0
Long-term Assets	1,848,370

Total Current Assets

Total Current Assets (as reported)	0
Cash And Cash Equivalents	60,447
Net Receivables	35,394
Other Current Assets	-95,841
Total Current Assets (calculated)	0
+/-	0

Long-term Assets

Long-term Assets (as reported)	1,848,370
Long Term Investments	1,841,881
Long-term Assets Other	-1,841,881
Long-term Assets (calculated)	0
+/-	1,848,370

Liabilities & Shareholders' Equity

Total Current Liabilities	30,912
Long-term Liabilities	1,029,766
Total Stockholder Equity	914,445

Total Current Liabilities

Total Current Liabilities (as reported)	30,912
Accounts payable	30,912
Other Current Liabilities	-30,912
Total Current Liabilities (calculated)	0
+/-	30,912

Long-term Liabilities

Long-term Liabilities (as reported)	1,029,766
Long-term Liabilities (calculated)	0
+/-	1,029,766

Total Stockholder Equity

Total Stockholder Equity (as reported)	914,445
Common Stock	508
Retained Earnings	-151,744
Other Stockholders Equity	1,016,189
Total Stockholder Equity (calculated)	864,953
+/-	49,492

Other

Capital Stock	50,508
Cash and Short Term Investments	60,447
Common Stock Shares Outstanding	56,359
Liabilities and Stockholders Equity	1,944,211
Net Debt	919,736
Net Invested Capital	1,842,010
Short Long Term Debt Total	980,183

Balance Sheet

Currency in USD. All numbers in thousands.

Trend

2023-12-31

2023-09-30

2023-06-30

2023-03-31

2022-12-31

2022-09-30

2022-06-30

2022-03-31

2021-12-31

2021-09-30

2021-06-30

2021-03-31

2020-12-31

2020-09-30

2020-06-30

2020-03-31

2019-12-31

2019-09-30

2019-06-30

2019-03-31

2018-12-31

2018-09-30

2018-06-30

2018-03-31

2017-12-31

2017-09-30

2017-06-30

2017-03-31

2016-12-31

2016-09-30

2016-06-30

2016-03-31

2015-12-31

2015-09-30

2015-06-30

2015-03-31

2014-12-31

2014-09-30

2014-06-30

2014-03-31

2013-12-31

2013-09-30

2013-06-30

2013-03-31

> Total Assets

2
53,701
162,067
260,967
350,441
456,185
522,575
716,720
805,650
969,696
1,007,731
1,106,388
1,183,191
1,264,950
1,453,727
1,490,155
1,458,993
1,759,761
2,013,475
2,021,383
1,990,655
2,031,168
2,147,841
2,084,743
2,214,279
2,172,756
2,225,990
2,187,533
2,126,826
1,958,634
2,008,387
1,922,613
1,904,087
1,962,166
2,044,170
2,031,350
1,985,958
2,045,953
2,054,032
2,041,697
2,055,407
1,982,597
1,956,750
1,944,211

1,944,211

1,956,750

1,982,597

2,055,407

2,041,697

2,054,032

2,045,953

1,985,958

2,031,350

2,044,170

1,962,166

1,904,087

1,922,613

2,008,387

1,958,634

2,126,826

2,187,533

2,225,990

2,172,756

2,214,279

2,084,743

2,147,841

2,031,168

1,990,655

2,021,383

2,013,475

1,759,761

1,458,993

1,490,155

1,453,727

1,264,950

1,183,191

1,106,388

1,007,731

969,696

805,650

716,720

522,575

456,185

350,441

260,967

162,067

53,701

> Total Current Assets

2
20
466
1,684
3,146
5,088
3,794
4,512
2,222
2,702
2,819
5,266
3,198
26,237
17,545
25,557
18,194
8,354
10,420
18,111
27,910
52,677
11,786
21,321
14,922
29,806
24,237
22,469
32,411
16,515
18,619
23,996
22,645
25,696
45,168
20,674
38,167
111,500
29,212
930,750
69,047
63,867
88,757
0

88,757

63,867

69,047

930,750

29,212

111,500

38,167

20,674

45,168

25,696

22,645

23,996

18,619

16,515

32,411

22,469

24,237

29,806

14,922

21,321

11,786

52,677

27,910

18,111

10,420

8,354

18,194

25,557

17,545

26,237

3,198

5,266

2,819

2,702

2,222

4,512

3,794

5,088

3,146

1,684

466

Cash And Cash Equivalents

2
29,826
62,765
42,010
22,908
27,327
10,091
8,754
10,343
46,477
22,683
41,837
31,571
33,389
49,841
38,489
44,874
28,159
35,149
32,039
45,610
27,928
112,911
87,186
40,071
62,324
70,281
36,751
65,525
29,916
37,088
68,419
35,493
59,404
46,164
93,074
48,286
14,765
39,001
16,094
23,473
37,768
19,715
60,447

60,447

19,715

37,768

23,473

16,094

39,001

14,765

48,286

93,074

46,164

59,404

35,493

68,419

37,088

29,916

65,525

36,751

70,281

62,324

40,071

87,186

112,911

27,928

45,610

32,039

35,149

28,159

44,874

38,489

49,841

33,389

31,571

41,837

22,683

46,477

10,343

8,754

10,091

27,327

22,908

42,010

62,765

29,826

Short-term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
95,073
118,107
113,100
158,243
131,506
136,151
151,561
26,489
0
0
0
0
0
0
0
0
0
0
0
0
926,959
0
237,360
238,651
902,720
19,400
1,896,420
35,503
0

35,503

1,896,420

19,400

902,720

238,651

237,360

926,959

26,489

151,561

136,151

131,506

158,243

113,100

118,107

95,073

Net Receivables

0
20
466
1,684
3,146
5,088
3,794
4,512
2,222
2,702
2,819
5,266
3,198
26,237
17,545
25,557
18,194
8,354
10,420
18,111
27,910
52,677
11,786
21,321
14,922
29,806
24,237
22,469
32,411
16,515
18,619
23,996
22,645
25,696
45,168
20,674
38,167
111,500
29,212
25,551
33,082
26,099
33,542
35,394

35,394

33,542

26,099

33,082

25,551

29,212

111,500

38,167

20,674

45,168

25,696

22,645

23,996

18,619

16,515

32,411

22,469

24,237

29,806

14,922

21,321

11,786

52,677

27,910

18,111

10,420

8,354

18,194

25,557

17,545

26,237

3,198

5,266

2,819

2,702

2,222

4,512

3,794

5,088

3,146

1,684

466

Other Current Assets

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-32,411
0
-18,619
-23,996
-22,645
25,434
21,787
-48,696
21,226
24,526
-99,489
-57,690
-77,588
-81,882
-90,393
-95,841

-95,841

-90,393

-81,882

-77,588

-57,690

-99,489

24,526

21,226

-48,696

21,787

25,434

-22,645

-23,996

-18,619

-32,411

> Long-term Assets

2
53,701
162,067
260,967
350,441
456,185
522,575
716,720
805,650
969,696
1,007,731
1,106,388
1,183,191
1,264,950
1,453,727
1,490,155
1,458,993
1,759,761
2,013,475
2,021,383
1,990,655
2,031,168
2,147,841
2,084,743
2,214,279
2,172,756
2,225,990
2,187,533
2,126,826
1,958,634
2,008,387
1,922,613
1,904,087
1,962,166
2,044,170
2,031,350
1,985,958
2,045,953
2,054,032
2,011,191
1,973,565
1,896,420
1,860,475
1,848,370

1,848,370

1,860,475

1,896,420

1,973,565

2,011,191

2,054,032

2,045,953

1,985,958

2,031,350

2,044,170

1,962,166

1,904,087

1,922,613

2,008,387

1,958,634

2,126,826

2,187,533

2,225,990

2,172,756

2,214,279

2,084,743

2,147,841

2,031,168

1,990,655

2,021,383

2,013,475

1,759,761

1,458,993

1,490,155

1,453,727

1,264,950

1,183,191

1,106,388

1,007,731

969,696

805,650

716,720

522,575

456,185

350,441

260,967

162,067

53,701

Long Term Investments

0
0
0
0
0
0
0
0
0
0
0
1,052,666
0
0
0
1,422,759
1,392,545
1,719,473
1,964,117
1,967,531
1,913,459
1,946,792
2,018,998
1,972,157
2,155,209
2,075,614
2,126,688
2,123,964
2,024,277
1,907,555
1,948,173
1,825,749
1,841,634
1,872,311
1,948,206
1,913,052
1,873,183
1,889,276
1,948,957
1,979,877
1,973,565
1,896,420
1,860,475
1,841,881

1,841,881

1,860,475

1,896,420

1,973,565

1,979,877

1,948,957

1,889,276

1,873,183

1,913,052

1,948,206

1,872,311

1,841,634

1,825,749

1,948,173

1,907,555

2,024,277

2,123,964

2,126,688

2,075,614

2,155,209

1,972,157

2,018,998

1,946,792

1,913,459

1,967,531

1,964,117

1,719,473

1,392,545

1,422,759

1,052,666

Long-term Assets Other

2
34,501
68,015
48,160
32,096
37,574
18,777
18,058
16,978
57,194
31,999
53,722
38,450
63,716
71,113
67,396
66,448
40,288
49,358
53,852
77,196
84,376
128,843
112,586
59,070
97,142
99,302
63,569
102,549
51,079
60,214
96,864
62,453
89,855
95,964
118,298
112,775
156,677
105,075
31,314
-1,973,565
-1,896,420
-1,860,475
-1,841,881

-1,841,881

-1,860,475

-1,896,420

-1,973,565

31,314

105,075

156,677

112,775

118,298

95,964

89,855

62,453

96,864

60,214

51,079

102,549

63,569

99,302

97,142

59,070

112,586

128,843

84,376

77,196

53,852

49,358

40,288

66,448

67,396

71,113

63,716

38,450

53,722

31,999

57,194

16,978

18,058

18,777

37,574

32,096

48,160

68,015

34,501

> Total Liabilities

-2
15,739
38,276
74,965
97,400
202,030
260,637
378,463
402,413
459,044
477,047
534,662
594,436
607,032
722,489
726,018
695,675
646,018
889,122
894,079
858,798
909,356
1,043,099
1,021,525
1,154,092
1,146,164
1,247,389
1,231,062
1,328,292
1,075,330
1,113,165
1,021,250
993,567
1,037,335
1,099,776
1,082,546
1,035,418
1,119,460
1,118,381
1,124,274
1,137,214
1,082,916
1,050,306
1,029,766

1,029,766

1,050,306

1,082,916

1,137,214

1,124,274

1,118,381

1,119,460

1,035,418

1,082,546

1,099,776

1,037,335

993,567

1,021,250

1,113,165

1,075,330

1,328,292

1,231,062

1,247,389

1,146,164

1,154,092

1,021,525

1,043,099

909,356

858,798

894,079

889,122

646,018

695,675

726,018

722,489

607,032

594,436

534,662

477,047

459,044

402,413

378,463

260,637

202,030

97,400

74,965

38,276

15,739

-2

> Total Current Liabilities

0
8,415
1,373
6,702
16,464
44,268
23,021
62,811
34,540
43,793
14,360
20,861
34,610
17,202
38,994
23,617
20,803
31,546
27,680
45,303
45,582
38,097
27,628
44,867
30,675
34,645
29,516
38,524
51,269
25,972
24,235
23,140
35,525
22,840
23,501
23,495
24,090
24,360
39,737
29,482
29,103
29,417
29,661
30,912

30,912

29,661

29,417

29,103

29,482

39,737

24,360

24,090

23,495

23,501

22,840

35,525

23,140

24,235

25,972

51,269

38,524

29,516

34,645

30,675

44,867

27,628

38,097

45,582

45,303

27,680

31,546

20,803

23,617

38,994

17,202

34,610

20,861

14,360

43,793

34,540

62,811

23,021

44,268

16,464

6,702

1,373

8,415

Short-term Debt

0
0
0
0
0
0
0
0
0
273,000
273,000
273,000
270,695
270,746
270,798
270,849
270,900
270,950
271,001
271,053
271,103
271,154
445,908
446,043
446,105
446,166
446,228
0
446,351
446,413
446,474
253,933
446,598
446,659
446,721
446,783
446,844
446,906
446,968
0
0
0
0
0

446,968

446,906

446,844

446,783

446,721

446,659

446,598

253,933

446,474

446,413

446,351

446,228

446,166

446,105

446,043

445,908

271,154

271,103

271,053

271,001

270,950

270,900

270,849

270,798

270,746

270,695

273,000

Short Long Term Debt

0
0
0
0
0
0
0
0
0
0
0
504,957
0
0
0
692,734
0
602,547
849,770
833,946
798,968
856,259
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

856,259

798,968

833,946

849,770

602,547

692,734

504,957

Accounts payable

0
8,415
1,373
6,702
16,464
44,268
23,021
62,811
34,540
43,793
14,360
20,861
34,610
17,202
38,994
23,617
20,803
31,546
27,680
45,303
45,582
38,097
27,628
44,867
30,675
34,645
29,516
38,524
51,269
25,972
24,235
23,140
35,525
22,840
23,501
23,495
24,090
24,360
39,737
29,482
29,103
29,417
29,661
30,912

30,912

29,661

29,417

29,103

29,482

39,737

24,360

24,090

23,495

23,501

22,840

35,525

23,140

24,235

25,972

51,269

38,524

29,516

34,645

30,675

44,867

27,628

38,097

45,582

45,303

27,680

31,546

20,803

23,617

38,994

17,202

34,610

20,861

14,360

43,793

34,540

62,811

23,021

44,268

16,464

6,702

1,373

8,415

Other Current Liabilities

0
0
0
0
0
0
0
0
4,760
-273,000
-273,000
-273,000
-270,695
-270,746
-270,798
-270,849
-270,900
-270,950
-271,001
-271,053
-271,103
-271,154
-445,908
-446,043
-446,105
-446,166
-446,228
14,706
-446,351
-446,413
-446,474
230,793
-446,598
-446,659
-446,721
-446,783
-446,844
-446,906
-446,968
-29,482
-29,103
-29,417
-29,661
-30,912

-30,912

-29,661

-29,417

-29,103

-29,482

-446,968

-446,906

-446,844

-446,783

-446,721

-446,659

-446,598

230,793

-446,474

-446,413

-446,351

14,706

-446,228

-446,166

-446,105

-446,043

-445,908

-271,154

-271,103

-271,053

-271,001

-270,950

-270,900

-270,849

-270,798

-270,746

-270,695

-273,000

4,760

> Long-term Liabilities

0
15,739
38,276
74,965
97,400
202,030
260,637
378,463
402,413
459,044
477,047
534,662
594,436
607,032
722,489
726,018
695,675
646,018
889,122
894,079
858,798
909,356
1,043,099
1,021,525
1,154,092
1,146,164
1,247,389
1,231,062
1,328,292
1,075,330
1,113,165
1,021,250
993,567
1,037,335
1,099,776
1,082,546
1,035,418
1,119,460
1,118,381
29,482
29,103
1,037,185
1,003,296
1,029,766

1,029,766

1,003,296

1,037,185

29,103

29,482

1,118,381

1,119,460

1,035,418

1,082,546

1,099,776

1,037,335

993,567

1,021,250

1,113,165

1,075,330

1,328,292

1,231,062

1,247,389

1,146,164

1,154,092

1,021,525

1,043,099

909,356

858,798

894,079

889,122

646,018

695,675

726,018

722,489

607,032

594,436

534,662

477,047

459,044

402,413

378,463

260,637

202,030

97,400

74,965

38,276

15,739

Long term Debt Total

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
960,678
1,107,064
1,095,563
1,202,739
1,177,832
1,262,960
0
0
0
0
0
0
0
0
0
636,656
0
1,092,707
1,037,185
0
0

1,037,185

1,092,707

636,656

1,262,960

1,177,832

1,202,739

1,095,563

1,107,064

960,678

Other Liabilities

0
0
0
0
0
0
0
0
0
0
0
189
0
0
0
215
86
118
102
69
104
134
131
236
169
228
142
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

142

228

169

236

131

134

104

102

118

215

189

Deferred Long Term Liability

0
0
0
0
0
0
0
0
0
0
0
3,877
0
0
0
3,308
0
3,629
3,734
3,626
3,441
3,246
4,126
3,950
4,069
4,869
4,687
4,032
4,026
3,749
3,651
3,633
3,502
3,386
3,256
3,066
2,882
4,044
3,558
0
0
0
0
0

3,558

4,044

2,882

3,066

3,256

3,386

3,502

3,633

3,651

3,749

4,026

4,032

4,687

4,869

4,069

3,950

4,126

3,246

3,441

3,626

3,734

3,629

3,308

3,877

> Total Stockholder Equity

2
37,962
123,791
186,002
253,041
254,155
261,938
338,257
403,237
510,652
530,684
571,726
588,755
657,918
731,238
764,137
763,318
1,113,743
1,124,353
1,127,304
1,131,857
1,121,812
1,104,742
1,063,218
1,060,187
1,026,592
978,601
956,471
798,534
883,304
895,222
901,363
910,520
924,831
944,394
948,804
950,540
926,493
935,651
917,423
918,193
899,681
906,444
914,445

914,445

906,444

899,681

918,193

917,423

935,651

926,493

950,540

948,804

944,394

924,831

910,520

901,363

895,222

883,304

798,534

956,471

978,601

1,026,592

1,060,187

1,063,218

1,104,742

1,121,812

1,131,857

1,127,304

1,124,353

1,113,743

763,318

764,137

731,238

657,918

588,755

571,726

530,684

510,652

403,237

338,257

261,938

254,155

253,041

186,002

123,791

37,962

Common Stock

0
20
65
96
129
129
135
179
212
268
279
315
333
365
398
417
417
614
619
622
626
626
626
622
613
602
590
578
563
563
563
553
548
542
537
532
527
521
517
511
508
508
508
508

508

511

517

521

527

532

537

542

548

553

563

578

590

602

613

622

626

622

619

614

417

398

365

333

315

279

268

212

179

135

129

Retained Earnings Total Equity

-167,428

-148,916

-144,555

Accumulated Other Comprehensive Income

0
-3,000
-4,000
0
1,000
2,000
-3,000
-13,000
-12,000
-12,000
-14,000
-42,000
-59,000
-46,000
-33,000
-36,000
-37,000
-44,000
-41,000
-45,000
-47,000
-57,000
-74,000
-110,000
-99,000
-116,000
-147,000
-152,000
-294,000
-50,000
-50,000
-50,000
-50,000
-50,000
-50,000
0
0
0
0
0
0
0
160,665
-508

-508

160,665

-50,000

-294,000

-152,000

-147,000

-116,000

-99,000

-110,000

-74,000

-57,000

-47,000

-45,000

-41,000

-44,000

-37,000

-36,000

-33,000

-46,000

-59,000

-42,000

-14,000

-12,000

-13,000

-3,000

2,000

1,000

-4,000

-3,000

Capital Surplus

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,174,334
1,160,258
1,144,000
1,126,845
1,109,238
1,093,250
0
0
0
0
0
0
0
0
0
1,031,322
0
1,018,234
1,018,234
0
0

1,018,234

1,031,322

1,093,250

1,109,238

1,126,845

1,144,000

1,160,258

1,174,334

Treasury Stock

Other Stockholders Equity

2
40,517
127,107
186,570
252,986
253,045
261,072
342,466
408,766
518,082
539,439
584,405
602,793
672,401
745,759
766,927
764,101
1,115,601
1,124,014
1,124,160
1,126,729
1,111,625
1,177,799
1,172,701
1,158,625
1,142,367
1,125,212
1,107,605
1,091,617
1,141,617
1,141,617
1,129,803
1,124,238
1,116,087
1,109,322
1,050,794
1,043,791
1,036,829
1,029,689
1,020,591
1,016,601
1,016,601
855,936
1,016,189

1,016,189

855,936

1,016,601

1,020,591

1,029,689

1,036,829

1,043,791

1,050,794

1,109,322

1,116,087

1,124,238

1,129,803

1,141,617

1,091,617

1,107,605

1,125,212

1,142,367

1,158,625

1,172,701

1,177,799

1,111,625

1,126,729

1,124,160

1,124,014

1,115,601

764,101

766,927

745,759

672,401

602,793

584,405

539,439

518,082

408,766

342,466

261,072

253,045

252,986

186,570

127,107

40,517

Balance Sheet

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31
Accounts Payable	30,912	29,482	23,495	23,140	38,524	44,867	45,303	23,617	20,861	62,811	6,702	-
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	-
Accumulated Depreciation	0	0	0	0	0	0	0	0	0	0	0	-
Accumulated Other Comprehensive Income	-508	0	0	-229,000	-152,000	-110,000	-45,000	-36,000	-42,000	-13,000	-1,000	-
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	-
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	0	0	-
Capital Stock	50,508	50,511	50,532	50,553	578	622	0	0	0	0	0	-
Capital Surpluse	0	0	0	0	1,109,238	1,174,334	1,172,807	799,580	613,944	0	0	-
Cash	60,447	16,094	93,074	68,419	36,751	87,186	32,039	38,489	41,837	8,754	42,010	2
Cash And Equivalents	0	0	0	0	0	0	0	0	0	0	0	-
Cash And Short Term Investments	60,447	930,750	93,074	68,419	36,751	87,186	32,039	38,489	41,837	8,754	42,010	2
Common Stock	508	511	532	553	578	622	622	417	315	179	96	-
Common Stock Shares Outstanding	56,312	57,482	59,532	56,421	60,190	62,534	52,997	34,403	33,174	33,174	33,174	-
Common Stock Total Equity	0	0	0	553	578	622	622	417	315	179	96	-
Current Deferred Revenue	0	0	-423,288	0	0	0	0	0	0	0	0	-
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	-
Deferred Long Term Liab	0	0	3,066	3,633	4,032	3,950	3,626	3,308	3,877	4,635	0	-
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	-
Good Will	0	0	0	0	0	0	0	0	0	0	0	-
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	-
Inventory	0	32,139	115,381	0	60,853	0	0	0	0	0	0	-
Liabilities And Stockholders Equity	1,944,211	2,041,697	2,031,350	1,922,613	2,187,533	2,084,743	2,021,383	1,490,155	1,106,388	716,720	260,967	2
Long Term Debt	0	0	0	0	1,177,832	960,678	833,946	421,885	234,313	308,441	0	-
Long Term Debt Total	0	0	0	0	1,177,832	960,678	833,946	421,885	234,313	0	0	-
Long Term Investments	1,841,881	1,979,877	1,913,052	1,825,749	2,123,964	1,972,157	1,967,531	1,422,759	1,052,666	698,662	0	-
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	-
Net Debt	919,736	1,061,098	950,948	915,504	1,141,081	873,492	801,907	654,245	465,476	299,687	24,812	-2
Net Invested Capital	1,842,010	1,944,615	1,942,826	1,835,286	2,134,303	2,023,896	1,961,250	0	0	0	0	-
Net Receivables	35,394	25,551	20,674	23,996	22,469	21,321	18,111	25,557	5,266	4,512	1,684	-
Net Tangible Assets	0	867,423	898,804	851,363	956,471	1,063,218	1,127,304	764,137	571,726	338,257	0	-
Net Working Capital	63,260	901,268	90,253	69,275	20,696	-23,546	-27,192	1,940	-15,595	-58,299	-5,018	-
Non Current Assets Total	1,848,370	1,979,877	1,913,052	1,825,749	2,123,964	2,084,743	2,021,383	1,490,155	1,106,388	716,720	260,967	2
Non Current Liabilities Other	0	0	0	0	0	0	0	0	0	0	0	-
Non Current Liabilities Total	1,029,766	29,482	1,044,022	983,923	1,177,832	1,021,525	894,079	726,018	534,662	378,463	74,965	-
Non Currrent Assets Other	-1,841,881	-1,979,877	-1,913,052	-1,825,749	-2,123,964	112,586	53,852	67,396	53,722	18,058	48,160	2
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0	0	0	0	0	-
Other Assets	1,669	-868,930	4,550	4,449	4,349	-21,321	-18,111	-25,557	-5,266	-4,512	-1,684	-2
Other Current Assets	-95,841	-57,690	-115,381	-94,048	-60,853	0	0	0	0	0	0	-
Other Current Liab	-30,912	-29,482	-23,495	-23,140	-38,524	-446,043	-271,053	-270,849	-273,000	7,211	1,498	-
Other Liab	0	0	0	0	0	236	69	215	189	41	0	-
Other Stockholder Equity	1,016,189	1,020,591	1,050,794	1,079,803	1,107,605	1,172,701	1,124,160	766,927	584,405	342,466	186,570	2
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	-
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	0	0	-
Property Plant And Equipment Gross	0	0	0	0	0	0	0	0	0	0	0	-
Property Plant And Equipment Net	0	0	0	0	0	0	0	0	0	0	0	-
Property Plant Equipment	0	0	0	0	0	0	0	0	0	0	0	-
Retained Earnings	-151,744	-153,679	-152,522	-228,993	-151,712	-110,105	2,522	-3,207	-12,994	-4,388	-664	-
Retained Earnings Total Equity	0	0	0	0	0	0	0	0	0	0	0	-
Short Long Term Debt	0	0	0	0	0	0	833,946	692,734	504,957	308,441	0	-
Short Long Term Debt Total	980,183	1,077,192	1,044,022	983,923	1,177,832	960,678	833,946	692,734	507,313	308,441	66,822	-
Short Term Debt	0	0	446,783	253,933	0	446,043	271,053	270,849	273,000	308,441	0	-
Short Term Investments	0	902,720	926,959	0	0	0	131,506	95,073	0	0	0	-
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	-
Total Assets	1,944,211	2,041,697	2,031,350	1,922,613	2,187,533	2,084,743	2,021,383	1,490,155	1,106,388	716,720	260,967	2
Total Current Assets	94,172	930,750	113,748	92,415	59,220	21,321	18,111	25,557	5,266	4,512	1,684	2
Total Current Liabilities	30,912	29,482	23,495	23,140	38,524	44,867	45,303	23,617	20,861	62,811	6,702	-
Total Liab	1,029,766	1,124,274	1,082,546	1,021,250	1,231,062	1,021,525	894,079	726,018	534,662	378,463	74,965	-2
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	-
Total Stockholder Equity	914,445	917,423	948,804	901,363	956,471	1,063,218	1,127,304	764,137	571,726	338,257	186,002	2
Treasury Stock	0	0	0	0	0	0	0	0	0	0	0	-
Warrants	0	0	0	0	0	0	0	0	0	0	0	-

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31
Accounts Payable	30,912	29,661	29,417	29,103	29,482	39,737	24,360	24,090	23,495	23,501	22,840	35,525	23,140	24,235	25,972	51,269	38,524	29,516	34,645	30,675	44,867	27,628	38,097	45,582	45,303	27,680	31,546	20,803	23,617	38,994	17,202	34,610	20,861	14,360	43,793	34,540	62,811	23,021	44,268	16,464	6,702	1,373	8,415	-
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Accumulated Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Accumulated Other Comprehensive Income	-508	160,665	0	0	0	0	0	0	0	-50,000	-50,000	-50,000	-50,000	-50,000	-50,000	-294,000	-152,000	-147,000	-116,000	-99,000	-110,000	-74,000	-57,000	-47,000	-45,000	-41,000	-44,000	-37,000	-36,000	-33,000	-46,000	-59,000	-42,000	-14,000	-12,000	-12,000	-13,000	-3,000	2,000	1,000	0	-4,000	-3,000	-
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Capital Stock	50,508	50,508	50,508	50,508	50,511	50,517	50,521	50,527	50,532	50,537	50,542	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Capital Surpluse	0	0	1,018,234	1,018,234	0	1,031,322	0	0	0	0	0	0	0	0	0	1,093,250	1,109,238	1,126,845	1,144,000	1,160,258	1,174,334	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Cash	60,447	19,715	37,768	23,473	16,094	39,001	14,765	48,286	93,074	46,164	59,404	35,493	68,419	37,088	29,916	65,525	36,751	70,281	62,324	40,071	87,186	112,911	27,928	45,610	32,039	35,149	28,159	44,874	38,489	49,841	33,389	31,571	41,837	22,683	46,477	10,343	8,754	10,091	27,327	22,908	42,010	62,765	29,826	2
Cash And Equivalents	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Cash And Short Term Investments	60,447	55,218	37,768	42,873	930,750	39,001	14,765	48,286	93,074	46,164	59,404	35,493	68,419	37,088	29,916	65,525	36,751	70,281	62,324	40,071	87,186	112,911	27,928	45,610	32,039	35,149	28,159	44,874	38,489	49,841	33,389	31,571	41,837	22,683	46,477	10,343	8,754	10,091	27,327	22,908	42,010	62,765	29,826	2
Common Stock	508	508	508	508	511	517	521	527	532	537	542	548	553	563	563	563	578	590	602	613	622	626	626	626	622	619	614	417	417	398	365	333	315	279	268	212	179	135	129	129	96	65	20	0
Common Stock Shares Outstanding	56,359	55,994	50,795	56,289	59,532	57,183	52,421	58,194	59,532	59,231	59,805	60,306	56,421	61,572	59,547	57,112	58,785	59,588	60,596	61,773	62,496	62,569	62,569	62,504	62,143	61,840	45,978	60,966	34,403	34,403	34,403	34,403	33,174	34,403	34,403	34,403	33,174	34,403	34,403	34,403	33,174	34,403	34,403	-
Common Stock Total Equity	0	0	508	508	0	517	0	0	0	0	542	548	553	563	563	563	578	590	602	613	622	626	626	626	622	619	614	417	417	398	365	333	315	279	268	212	179	135	129	129	96	65	20	0
Current Deferred Revenue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Deferred Long Term Liab	0	0	0	0	0	3,558	4,044	2,882	3,066	3,256	3,386	3,502	3,633	3,651	3,749	4,026	4,032	4,687	4,869	4,069	3,950	4,126	3,246	3,441	3,626	3,734	3,629	0	3,308	0	0	0	3,877	0	0	0	0	0	0	0	0	0	-	-
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Good Will	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Inventory	0	90,390	81,882	70,680	32,139	60,488	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Liabilities And Stockholders Equity	1,944,211	1,956,750	1,982,597	2,055,407	2,041,697	2,054,032	2,045,953	1,985,958	2,031,350	2,044,170	1,962,166	1,904,087	1,922,613	2,008,387	1,958,634	2,126,826	2,187,533	2,225,990	2,172,756	2,214,279	2,084,743	2,147,841	2,031,168	1,990,655	2,021,383	2,013,475	1,759,761	1,458,993	1,490,155	1,453,727	1,264,950	1,183,191	1,106,388	1,007,731	969,696	805,650	716,720	522,575	456,185	350,441	260,967	162,067	53,701	2
Long Term Debt	0	0	1,037,185	1,092,707	0	636,656	0	0	0	0	0	0	0	0	0	1,262,960	1,177,832	1,202,739	1,095,563	1,107,064	960,678	1,000,207	856,259	798,968	833,946	849,770	602,547	661,508	692,734	0	0	0	504,957	0	0	0	0	0	0	0	0	0	-	-
Long Term Debt Total	0	0	1,037,185	1,092,707	0	636,656	0	0	0	0	0	0	0	0	0	1,262,960	1,177,832	1,202,739	1,095,563	1,107,064	960,678	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Long Term Investments	1,841,881	1,860,475	1,896,420	1,973,565	1,979,877	1,948,957	1,889,276	1,873,183	1,913,052	1,948,206	1,872,311	1,841,634	1,825,749	1,948,173	1,907,555	2,024,277	2,123,964	2,126,688	2,075,614	2,155,209	1,972,157	2,018,998	1,946,792	1,913,459	1,967,531	1,964,117	1,719,473	1,392,545	1,422,759	0	0	0	1,052,666	0	0	0	0	0	0	0	0	0	-	-
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Net Debt	919,736	983,581	999,417	1,069,234	1,061,098	1,021,614	1,065,189	947,855	950,948	1,015,651	941,830	909,982	915,504	1,037,718	1,005,883	1,197,435	1,141,081	1,132,458	1,033,239	1,066,993	873,492	887,296	828,331	753,358	801,907	814,621	574,388	616,634	654,245	615,973	542,670	518,437	465,476	429,775	361,481	352,797	299,687	222,192	126,413	53,014	24,812	-26,818	-29,826	-2
Net Invested Capital	1,842,010	1,859,740	1,886,866	1,960,900	1,944,615	1,946,266	1,956,447	1,896,681	1,942,826	1,956,209	1,876,065	1,805,995	1,835,286	1,920,028	1,869,103	2,061,494	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Net Receivables	35,394	33,542	26,099	33,082	25,551	29,212	111,500	38,167	20,674	45,168	25,696	22,645	23,996	18,619	16,515	32,411	22,469	24,237	29,806	14,922	21,321	11,786	52,677	27,910	18,111	10,420	8,354	18,194	25,557	17,545	26,237	3,198	5,266	2,819	2,702	2,222	4,512	3,794	5,088	3,146	1,684	466	20	-
Net Tangible Assets	0	0	849,681	868,193	867,423	885,651	876,493	900,540	898,804	894,394	874,831	860,520	851,363	845,222	833,304	798,534	956,471	978,601	1,026,592	1,060,187	1,063,218	1,104,742	1,121,812	1,131,857	1,127,304	1,124,353	1,113,743	763,318	764,137	0	0	0	571,726	0	0	0	0	0	0	0	0	0	-	-
Net Working Capital	0	59,096	34,450	39,944	901,268	-10,525	87,140	14,077	-2,821	21,667	2,856	-12,880	856	-5,616	-9,457	-18,858	-16,055	-5,279	-4,839	-15,753	-23,546	-15,842	14,580	-17,672	-27,192	-17,260	-23,192	-2,609	1,940	-21,449	9,035	-31,412	-15,595	-11,541	-41,091	-32,318	-58,299	-19,227	-39,180	-13,318	-5,018	-907	-	-
Non Current Assets Total	1,848,370	1,860,475	1,896,420	1,973,565	2,011,191	2,054,032	2,045,953	1,985,958	2,031,350	2,044,170	1,962,166	1,904,087	1,922,613	2,008,387	1,958,634	2,126,826	2,187,533	2,225,990	2,172,756	2,214,279	2,084,743	2,147,841	2,031,168	1,990,655	2,021,383	2,013,475	1,759,761	1,458,993	1,490,155	1,453,727	1,264,950	1,183,191	1,106,388	1,007,731	969,696	805,650	716,720	522,575	456,185	350,441	260,967	162,067	53,701	2
Non Current Liabilities Other	0	0	21,340	20,732	0	34,269	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Non Current Liabilities Total	1,029,766	1,003,296	1,037,185	29,103	29,482	1,118,381	1,119,460	1,035,418	1,082,546	1,099,776	1,037,335	993,567	1,021,250	1,113,165	1,075,330	1,328,292	1,231,062	1,247,389	1,146,164	1,154,092	1,021,525	1,043,099	909,356	858,798	894,079	889,122	646,018	695,675	726,018	722,489	607,032	594,436	534,662	477,047	459,044	402,413	378,463	260,637	202,030	97,400	74,965	38,276	15,739	-
Non Currrent Assets Other	-1,841,881	-1,860,475	-1,896,420	-1,973,565	31,314	105,075	156,677	112,775	118,298	95,964	89,855	62,453	96,864	60,214	51,079	102,549	63,569	99,302	97,142	59,070	112,586	128,843	84,376	77,196	53,852	49,358	40,288	66,448	67,396	71,113	63,716	38,450	53,722	31,999	57,194	16,978	18,058	18,777	37,574	32,096	48,160	68,015	34,501	2
Noncontrolling Interest In Consolidated Entity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Other Assets	1,944,211	7,518	22,310	12,795	-900,244	-29,212	-111,500	-38,167	-20,674	-45,168	-25,696	-22,645	-23,996	-18,619	-16,515	-32,411	-22,469	-24,237	-29,806	-14,922	-21,321	-11,786	-52,677	-27,910	-18,111	-10,420	-8,354	-18,194	-25,557	-17,545	-26,237	-3,198	-5,266	-2,819	-2,702	-2,222	-4,512	-3,794	-5,088	-3,146	-1,684	-466	-20	-2
Other Current Assets	-95,841	-90,393	-81,882	-77,588	-57,690	-99,489	24,526	21,226	-48,696	21,787	25,434	-22,645	-23,996	-18,619	0	-32,411	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Other Current Liab	-30,912	-29,661	-29,417	-29,103	-29,482	-446,968	-446,906	-446,844	-446,783	-446,721	-446,659	-446,598	230,793	-446,474	-446,413	-446,351	14,706	-446,228	-446,166	-446,105	-446,043	-445,908	-271,154	-271,103	-271,053	-271,001	-270,950	-270,900	-270,849	-270,798	-270,746	-270,695	-273,000	-273,000	-273,000	4,760	0	0	0	0	0	0	-	-
Other Liab	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	142	228	169	236	131	134	104	69	102	118	86	215	0	0	0	189	0	0	0	0	0	0	0	0	0	-	-
Other Stockholder Equity	1,016,189	855,936	1,016,601	1,016,601	1,020,591	1,029,689	1,036,829	1,043,791	1,050,794	1,109,322	1,116,087	1,124,238	1,129,803	1,141,617	1,141,617	1,091,617	1,107,605	1,125,212	1,142,367	1,158,625	1,172,701	1,177,799	1,111,625	1,126,729	1,124,160	1,124,014	1,115,601	764,101	766,927	745,759	672,401	602,793	584,405	539,439	518,082	408,766	342,466	261,072	253,045	252,986	186,570	127,107	40,517	2
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Preferred Stock Total Equity	0	0	50,000	50,000	0	50,000	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Property Plant And Equipment Gross	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Property Plant And Equipment Net	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Property Plant Equipment	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Retained Earnings	-151,744	-160,665	-167,428	-148,916	-153,679	-144,555	-160,857	-143,778	-152,522	-165,465	-191,798	-214,266	-228,993	-246,958	-258,876	-293,646	-151,712	-147,201	-116,377	-99,051	-110,105	-73,683	9,561	4,502	2,522	-280	-2,472	-1,200	-3,207	-14,919	-14,848	-14,371	-12,994	-9,034	-7,698	-5,741	-4,388	731	981	-74	-664	-3,381	-2,575	-
Retained Earnings Total Equity	0	0	-167,428	-148,916	0	-144,555	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Short Long Term Debt	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	856,259	798,968	833,946	849,770	602,547	0	692,734	0	0	0	504,957	0	0	0	0	0	0	0	0	0	-	-
Short Long Term Debt Total	980,183	1,003,296	1,037,185	1,092,707	1,077,192	1,060,615	1,079,954	996,141	1,044,022	1,061,815	1,001,234	945,475	983,923	1,074,806	1,035,799	1,262,960	1,177,832	1,202,739	1,095,563	1,107,064	960,678	1,000,207	856,259	798,968	833,946	849,770	602,547	661,508	692,734	665,814	576,059	550,008	507,313	452,458	407,958	363,140	308,441	232,283	153,740	75,922	66,822	35,947	-	-
Short Term Debt	0	0	0	0	0	446,968	446,906	446,844	446,783	446,721	446,659	446,598	253,933	446,474	446,413	446,351	0	446,228	446,166	446,105	446,043	445,908	271,154	271,103	271,053	271,001	270,950	270,900	270,849	270,798	270,746	270,695	273,000	273,000	273,000	0	0	0	0	0	0	0	-	-
Short Term Investments	0	35,503	1,896,420	19,400	902,720	238,651	237,360	0	926,959	0	0	0	0	0	0	0	0	0	0	0	0	26,489	151,561	136,151	131,506	158,243	113,100	118,107	95,073	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Total Assets	1,944,211	1,956,750	1,982,597	2,055,407	2,041,697	2,054,032	2,045,953	1,985,958	2,031,350	2,044,170	1,962,166	1,904,087	1,922,613	2,008,387	1,958,634	2,126,826	2,187,533	2,225,990	2,172,756	2,214,279	2,084,743	2,147,841	2,031,168	1,990,655	2,021,383	2,013,475	1,759,761	1,458,993	1,490,155	1,453,727	1,264,950	1,183,191	1,106,388	1,007,731	969,696	805,650	716,720	522,575	456,185	350,441	260,967	162,067	53,701	2
Total Current Assets	0	88,757	63,867	69,047	930,750	29,212	111,500	38,167	20,674	45,168	25,696	22,645	23,996	18,619	16,515	32,411	22,469	24,237	29,806	14,922	21,321	11,786	52,677	27,910	18,111	10,420	8,354	18,194	25,557	17,545	26,237	3,198	5,266	2,819	2,702	2,222	4,512	3,794	5,088	3,146	1,684	466	20	2
Total Current Liabilities	30,912	29,661	29,417	29,103	29,482	39,737	24,360	24,090	23,495	23,501	22,840	35,525	23,140	24,235	25,972	51,269	38,524	29,516	34,645	30,675	44,867	27,628	38,097	45,582	45,303	27,680	31,546	20,803	23,617	38,994	17,202	34,610	20,861	14,360	43,793	34,540	62,811	23,021	44,268	16,464	6,702	1,373	8,415	-
Total Liab	1,029,766	1,050,306	1,082,916	1,137,214	1,124,274	1,118,381	1,119,460	1,035,418	1,082,546	1,099,776	1,037,335	993,567	1,021,250	1,113,165	1,075,330	1,328,292	1,231,062	1,247,389	1,146,164	1,154,092	1,021,525	1,043,099	909,356	858,798	894,079	889,122	646,018	695,675	726,018	722,489	607,032	594,436	534,662	477,047	459,044	402,413	378,463	260,637	202,030	97,400	74,965	38,276	15,739	-2
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Total Stockholder Equity	914,445	906,444	899,681	918,193	917,423	935,651	926,493	950,540	948,804	944,394	924,831	910,520	901,363	895,222	883,304	798,534	956,471	978,601	1,026,592	1,060,187	1,063,218	1,104,742	1,121,812	1,131,857	1,127,304	1,124,353	1,113,743	763,318	764,137	731,238	657,918	588,755	571,726	530,684	510,652	403,237	338,257	261,938	254,155	253,041	186,002	123,791	37,962	2
Treasury Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Warrants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-

Cash Flow

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31
Begin Period Cash Flow	30,506	93,074	68,419	36,751	87,186	32,039	38,489	41,837	8,754	42,010	2
Capital Expenditures	0	0	0	0	0	0	0	0	0	0	0
Cash And Cash Equivalents Changes	0	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	29,941	-62,568	24,655	31,668	-50,435	55,147	-6,450	-3,348	33,083	-33,256	42,008
Change In Working Capital	-6,678	2,058	-259	-8,316	-5,218	1,047	1,601	2,017	1,665	3,468	266
Change Receivables	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	-9,702	-3,879	-461	688,798	-3,046	-2,172	-5,282	-2,528	1,233	-2,828	0
Change To Inventory	0	0	0	0	0	0	0	0	0	0	0
Change To Liabilities	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	-74,561	-86,005	304,513	-149,868	-13,263	-472,401	-387,856	-411,334	-436,665	0
Change To Operating Activities	0	5,937	202	-4,940	-2,172	3,219	6,883	4,545	432	6,296	0
Depreciation	1,290	25,597	1,342	2,133	1,864	1,896	949	1,417	1,051	1,820	513
Dividends Paid	93,023	86,820	83,660	96,551	107,097	93,303	76,045	61,201	35,550	11,852	0
End Period Cash Flow	60,447	30,506	93,074	68,419	36,751	87,186	32,039	38,489	41,837	8,754	42,010
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	76,231	14,512	75,431	305,159	-91,892	28,795	-385,651	-314,613	-389,945	-425,763	-207,802
Investments	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	0	0	0	50,000	0	0	0	0	0	0	0
Net Borrowings	0	39,488	61,705	-198,198	214,970	127,942	98,880	187,572	198,872	241,619	0
Net Income	92,280	85,637	160,353	6,829	61,330	39,115	84,200	69,809	18,673	5,614	-1,927
Other Cashflows From Financing Activities	163,435	370,955	418,823	525,783	868,480	1,258,460	815,153	565,708	672,552	417,994	61,809
Other Cashflows From Investing Activities	0	0	0	0	0	0	0	0	0	0	0
Other Non Cash Items	-10,661	-98,780	-86,005	304,513	-149,868	-13,263	-472,401	-387,856	-411,334	-436,665	-206,654
Sale Purchase Of Stock	-3,993	-28,457	-28,439	-27,254	-64,717	-4,882	357,429	185,537	262,354	164,769	0
Stock Based Compensation	0	0	0	0	0	0	0	0	0	0	0
Total Cash From Financing Activities	-200,668	-77,080	-50,776	-273,491	41,457	26,352	379,201	311,265	423,028	392,507	249,810
Total Cash From Operating Activities	76,231	14,512	75,431	305,159	-91,892	28,795	-385,651	-314,613	-389,945	-425,763	-207,802
Total Cashflows From Investing Activities	0	0	0	0	0	0	0	0	0	0	0

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30
Begin Period Cash Flow	55,218	54,150	42,873	30,506	68,644	39,291	69,512	93,074	46,164	59,404	35,493	68,419	37,088	29,916	65,525	36,751	70,281	62,324	40,071	87,186	112,911	27,928	45,610	32,039	35,149	28,159	44,874	38,489	49,841	33,389	31,571	41,837	22,683	46,477	10,343	8,754	10,091	27,327	22,908	42,010	62,765	29,826
Capital Expenditures	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash And Cash Equivalents Changes	0	0	4,713	23,994	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash Flows Other Operating	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change In Cash	5,229	1,068	11,277	12,367	-38,138	29,353	-30,221	-23,562	46,910	-13,240	23,911	-32,926	31,331	7,172	-35,609	28,774	-33,530	7,957	22,253	-47,115	-25,725	84,983	-17,682	13,571	-3,110	6,990	-16,715	6,385	-11,352	16,452	1,818	-10,266	19,154	-23,794	36,134	1,589	-1,337	-17,236	4,419	-19,102	-20,755	32,939
Change In Working Capital	3,179	-7,679	2,455	-4,633	2,646	833	3,854	-5,275	1,672	-232	1,700	-3,399	-1,926	-2,638	-1,726	-2,026	667	-4,219	-993	-673	3,200	-1,176	1,500	-2,477	3,065	-174	-4,461	3,171	-8,759	3,755	2,802	4,219	-4,564	5,225	777	227	1,363	2,832	-1,201	474	-415	-10,223
Change Receivables	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Account Receivables	-186	-8,836	1,471	1,471	305	-2,273	3,052	-4,963	1,789	-2,006	1,526	153,722	145,952	542,846	294	-449	2,205	-3,560	-30	-1,661	-1,475	814	385	-1,896	-5,282	-2,066	-2,034	-513	-2,528	0	0	0	1,233	0	0	0	0	0	0	0	0	0
Change To Inventory	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	3,801	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change To Netincome	0	0	84,538	84,538	-35,390	32,983	-97,268	25,114	57,754	-96,139	-47,131	-489	122,481	-38,219	107,641	112,610	4,593	-42,340	64,741	-176,862	40,351	-40,609	-66,624	53,619	-472,401	-249,640	-259,884	38,321	-387,856	0	0	0	-411,334	0	0	0	0	0	0	0	0	0
Change To Operating Activities	0	0	984	984	2,341	3,106	802	-312	-117	1,774	174	-1,629	-788	-555	-2,020	-1,577	-1,538	-659	-963	988	4,675	-1,990	1,115	-581	6,883	1,892	-2,427	-117	4,545	0	0	0	432	0	0	0	0	0	0	0	0	0
Depreciation	0	194	180	0	6,868	18,729	24,524	0	1,342	759	0	253	2,133	634	0	305	1,864	0	0	0	1,896	0	0	-2,138	949	-1,597	-2,767	-3,345	1,417	0	0	0	1,051	0	0	0	1,820	0	0	0	0	0
Dividends Paid	23,225	23,223	23,226	23,349	21,529	21,743	21,939	21,609	21,292	20,401	21,178	20,789	21,709	22,239	20,833	31,770	21,835	27,092	22,682	35,488	23,150	23,151	23,150	23,852	16,409	22,720	17,006	19,910	15,831	13,877	13,283	18,210	11,623	9,863	7,808	6,256	5,937	3,469	0	0	0	0
End Period Cash Flow	60,447	55,218	54,150	42,873	30,506	68,644	39,291	69,512	93,074	46,164	59,404	35,493	68,419	37,088	29,916	65,525	36,751	70,281	62,324	40,071	87,186	112,911	27,928	45,610	32,039	35,149	28,159	44,874	38,489	49,841	33,389	31,571	41,837	22,683	46,477	10,343	8,754	10,091	27,327	22,908	42,010	62,765
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Free Cash Flow	25,335	57,239	92,003	25,558	-19,994	72,229	-88,524	50,801	93,970	-48,575	-2,233	32,269	159,912	-7,028	162,486	-10,211	33,029	-55,242	73,832	-143,511	42,686	-34,659	-51,715	72,483	29,336	-224,036	-248,616	57,665	-57,802	-119,287	-67,468	-70,056	-93,199	-78,609	-108,278	-109,859	-157,995	-105,099	-69,089	-93,580	-111,989	-85,092
Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Issuance Of Capital Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	0	-57,500	-57,500	10,723	-13,989	88,500	-45,746	-17,826	62,552	55,693	-38,714	-94,506	36,500	-227,249	87,057	-27,312	107,520	-11,562	146,324	-39,664	145,394	57,240	-35,028	98,880	247,172	-101,139	-31,370	187,572	0	0	0	198,872	0	0	0	0	0	0	0	0	0
Net Income	29,593	29,987	4,713	27,987	12,459	37,830	4,665	30,683	33,961	47,620	42,868	35,904	38,163	33,608	56,158	-121,100	26,836	-8,989	9,757	33,726	-1,160	6,080	13,106	21,089	26,983	25,543	15,501	16,173	17,396	29,170	25,951	-2,708	-9,983	9,653	9,215	9,788	-3,931	937	4,592	4,016	1,755	-1,171
Other Cashflows From Financing Activities	30,474	32,319	30,000	44,792	58,734	111,011	142,710	58,500	82,174	157,506	138,979	40,164	182,364	36,439	80,779	226,201	279,784	187,167	147,934	253,595	130,285	705,199	169,943	253,033	218,671	291,519	212,056	92,907	154,893	186,347	113,468	111,000	81,859	94,668	390,326	105,699	142,027	169,825	73,508	9,006	30,778	31,031
Other Cashflows From Investing Activities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Non Cash Items	-7,437	34,737	84,655	2,204	-41,967	33,566	-97,043	25,393	56,995	-95,963	-46,801	-236	121,542	-37,998	108,054	112,915	3,662	-42,034	65,068	-176,564	38,750	-39,563	-66,321	53,871	-1,661	-249,405	-259,656	38,321	-67,856	-152,212	-96,221	-71,567	-79,703	-93,487	-118,270	-119,874	-157,247	-108,868	-72,480	-98,070	-113,329	-73,698
Sale Purchase Of Stock	0	0	0	-3,993	-7,337	-7,144	-6,968	-7,008	-7,942	-6,770	-8,157	-5,570	-11,251	-16,003	0	-16,003	-17,196	-17,167	-16,269	-14,085	-4,867	0	0	-15	357,429	6,505	350,990	350,632	185,537	0	0	0	262,354	0	0	0	0	0	0	0	0	0
Stock Based Compensation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Cash From Financing Activities	-50,580	-56,171	-80,726	-13,191	-18,144	-42,876	58,303	-74,363	-47,060	35,335	26,144	-65,195	-128,581	14,200	-198,095	38,985	-66,559	63,199	-51,579	96,396	-68,411	119,642	34,033	-58,912	-32,446	231,026	231,901	-51,280	46,450	135,739	69,286	59,790	112,353	54,815	144,412	111,448	156,658	87,863	73,508	74,478	91,234	118,031
Total Cash From Operating Activities	25,335	57,239	92,003	25,558	-19,994	72,229	-88,524	50,801	93,970	-48,575	-2,233	32,269	159,912	-7,028	162,486	-10,211	33,029	-55,242	73,832	-143,511	42,686	-34,659	-51,715	72,483	29,336	-224,036	-248,616	57,665	-57,802	-119,287	-67,468	-70,056	-93,199	-78,609	-108,278	-109,859	-157,995	-105,099	-69,089	-93,580	-111,989	-85,092
Total Cashflows From Investing Activities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

Income Statement

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31
Cost Of Revenue	52,417	51,853	47,361	47,882	110,599	96,128	69,799	48,402	31,331	16,955	5,400
Depreciation And Amortization	0	18,405	198,717	2,133	-161,735	85,577	110,712	87,715	30,097	14,201	2,348
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0
Ebit	0	131,427	161,135	7,402	61,734	-8,431	-1,738	-1,444	-1,842	-4,939	-3,922
Ebitda	169,963	149,832	359,852	9,535	61,734	77,146	108,974	86,271	28,255	9,262	-1,574
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0
Extraordinary Items	0	0	0	0	0	0	0	0	0	0	0
Gross Profit	167,971	110,305	169,888	17,117	70,188	47,776	86,202	71,253	20,515	10,553	3,421
Income Before Tax	94,715	105,871	161,135	7,402	61,734	39,345	84,464	69,809	18,673	5,614	-1,927
Income Tax Expense	2,435	1,829	782	573	404	230	264	-1,444	-1,842	-4,939	-3,922
Interest Expense	71,711	43,961	28,829	35,820	50,587	37,801	24,510	16,462	9,582	3,648	353
Interest Income	198,484	168,825	134,778	149,916	198,219	183,142	145,775	102,661	16,851	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0	0
Net Income	92,280	85,637	160,353	6,829	61,330	39,115	84,200	69,809	18,673	5,614	-1,927
Net Income Applicable To Common Shares	0	82,137	156,853	4,554	61,330	39,115	84,200	69,809	18,673	5,614	0
Net Income From Continuing Ops	75,146	85,637	160,353	6,829	61,330	39,115	84,200	69,809	18,673	5,614	0
Net Interest Income	131,982	126,848	105,949	114,096	147,632	145,341	121,265	86,199	0	0	0
Non Operating Income Net Other	0	0	0	0	0	0	0	0	0	0	0
Non Recurring	0	0	0	0	0	0	-3,944	-3,607	-2,556	0	0
Operating Income	169,963	131,427	161,135	7,402	61,734	-8,431	-1,738	-1,444	-1,842	-4,939	-3,922
Other Items	0	0	0	0	0	0	0	0	0	0	0
Other Operating Expenses	50,425	6,567	8,753	9,715	8,454	8,431	1,738	1,444	1,842	4,939	3,922
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0
Reconciled Depreciation	0	0	0	0	0	0	0	0	0	0	0
Research Development	0	0	0	0	0	0	0	0	0	0	0
Selling And Marketing Expenses	0	0	0	0	0	0	0	0	0	0	0
Selling General Administrative	6,372	6,567	6,829	5,954	5,375	6,136	5,682	5,051	4,221	3,938	2,986
Tax Provision	2,874	1,829	782	573	404	230	264	0	0	0	0
Total Operating Expenses	-1,992	6,567	8,753	9,715	8,454	8,431	1,738	1,444	1,842	4,939	3,922
Total Other Income Expense Net	-75,248	-25,556	-28,829	-35,820	-50,587	39,345	84,464	69,809	18,673	5,614	-1,927
Total Revenue	220,388	162,158	169,888	17,117	70,188	47,776	86,202	71,253	20,515	10,553	3,421

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30
Cost Of Revenue	13,455	12,979	13,247	12,736	12,954	14,183	0	0	0	0	0	0	157,265	0	22,641	169,723	27,272	63,008	28,149	26,835	26,159	24,816	23,500	21,650	22,280	16,790	16,550	14,170	14,110	12,400	11,520	25,397	30,333	8,740	7,120	6,080	9,028	0	0	0	0	0	-
Depreciation And Amortization	0	-46,183	-45,698	-44,374	6,868	52,107	15,792	40,395	43,678	57,547	52,476	45,016	48,225	43,702	68,009	-106,999	41,839	6,309	24,807	47,820	11,906	18,683	24,098	30,890	36,710	30,791	21,779	21,263	22,261	33,620	30,522	1,312	-6,633	12,657	12,129	11,944	-1,613	2,739	7,396	5,679	3,176	542	-1,370
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Ebit	0	74,144	51,061	89,664	55,181	-2,337	-2,369	-2,260	-2,081	-2,245	-2,414	-2,013	-3,121	-2,416	-2,308	-1,870	-2,742	-1,711	-1,958	-2,043	-2,001	-2,201	-2,253	-1,976	-1,816	674	-540	-56	122	-399	-746	-421	-335	-346	-785	-376	-788	-667	-2,170	-1,314	-1,149	-1,632	-1,141
Ebitda	51,467	27,961	5,363	45,290	62,049	49,770	13,423	38,135	41,597	55,302	50,062	43,003	45,104	41,286	65,701	-108,869	39,097	4,598	22,849	45,777	9,905	16,482	21,845	28,914	34,894	31,465	21,239	21,207	22,383	33,221	29,776	891	-6,968	12,311	11,344	11,568	-2,401	2,072	5,226	4,365	2,027	-1,090	-2,511
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Extraordinary Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Gross Profit	49,440	38,053	-5,761	17,568	2,581	26,433	7,210	33,296	36,398	50,028	45,421	38,041	-115,947	36,411	58,566	-119,178	29,813	-7,229	11,775	35,829	1,001	8,311	15,389	23,075	29,063	24,869	16,041	16,229	17,274	29,569	26,697	-2,287	-9,648	9,999	10,000	10,164	-3,143	1,604	6,762	5,330	2,904	461	56
Income Before Tax	30,005	27,961	5,363	28,510	13,310	38,279	4,841	31,036	34,317	47,783	43,007	36,028	38,197	33,995	56,258	-121,048	27,071	-8,940	9,817	33,786	-1,000	6,110	13,136	21,099	27,078	25,543	15,501	16,173	17,396	29,170	25,951	-2,708	-9,983	9,653	9,215	9,788	-3,931	937	4,592	4,016	1,755	-1,171	-2,511
Income Tax Expense	412	850	650	523	851	449	176	353	356	163	139	124	34	387	100	52	235	49	60	60	160	30	30	10	95	674	-540	-56	122	-399	-746	-421	-335	-346	-785	-376	-788	-667	-2,170	-1,314	-1,149	-1,632	-1,141
Interest Expense	18,335	18,222	17,339	16,780	14,805	11,491	8,582	7,099	7,280	7,519	7,055	6,975	6,907	7,291	9,443	12,179	12,026	13,538	13,032	11,991	10,905	10,372	8,709	7,815	7,816	5,922	5,738	5,034	4,987	4,051	3,825	3,599	3,015	2,658	2,129	1,780	1,530	1,135	634	349	272	81	-
Interest Income	52,056	51,457	50,870	49,136	47,021	37,499	35,410	37,749	34,687	35,480	32,761	31,850	34,063	34,924	36,228	44,701	48,186	50,023	50,851	6,164	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Net Income	29,593	29,987	4,713	27,987	12,459	36,955	3,790	29,808	33,961	47,620	42,868	35,904	38,163	33,608	56,158	-121,100	26,836	-8,989	9,757	33,726	-1,160	6,080	13,106	21,089	26,983	25,543	15,501	16,173	17,396	29,170	25,951	-2,708	-9,983	9,653	9,215	9,788	-3,931	937	4,592	4,016	1,755	-1,171	-2,511
Net Income Applicable To Common Shares	0	0	3,838	27,112	11,584	36,955	3,790	29,808	33,086	46,745	41,993	35,904	37,298	32,752	55,604	-121,100	26,836	-8,989	9,757	33,726	-1,160	6,080	13,106	21,089	26,983	25,543	15,501	16,173	17,396	29,170	25,951	0	9,020	9,653	9,215	9,788	0	0	0	0	0	0	-
Net Income From Continuing Ops	29,593	29,987	25,995	25,810	12,459	36,992	4,665	30,683	33,961	47,620	42,868	35,904	38,163	33,608	56,158	-121,100	26,836	-8,989	9,757	33,726	-1,160	6,080	13,106	21,089	58,657	42,388	-33,018	16,173	69,809	0	0	0	18,673	0	0	0	0	0	0	0	0	0	-
Net Interest Income	32,042	33,879	33,531	32,356	32,216	26,008	26,828	30,650	27,407	27,961	25,706	24,875	27,156	27,633	26,785	32,522	36,160	36,485	37,819	37,168	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Non Operating Income Net Other	0	0	-1,830	-1,283	0	5,390	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Non Recurring	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-525	525	-3,641	-1,356	2,258	-1,205	-3,607	0	0	0	-2,556	0	0	0	0	0	0	0	0	0	-
Operating Income	51,467	27,961	5,363	45,290	55,181	-2,337	-2,369	-2,260	-2,081	-2,245	-2,414	-2,013	-3,121	-2,416	-2,308	-1,870	-2,742	-1,711	-1,958	-2,043	-2,001	-2,201	-2,253	-1,976	-1,816	674	-540	-56	122	-399	-746	-421	-335	-346	-785	-376	-788	-667	-2,170	-1,314	-1,149	-1,632	-1,141
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Other Operating Expenses	11,428	1,605	2,123	1,794	73,844	2,337	2,369	2,260	2,081	2,245	2,414	2,013	3,121	2,416	2,308	1,870	2,742	1,711	1,958	2,043	2,001	2,201	2,253	1,976	1,816	674	540	56	122	399	746	421	335	346	785	376	788	667	2,170	1,314	1,149	1,632	1,141
Preferred Stock And Other Adjustments	0	0	875	875	0	875	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Reconciled Depreciation	0	0	0	0	6,868	18,729	24,524	0	1,342	759	0	253	1	634	0	305	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Research Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Selling And Marketing Expenses	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Selling General Administrative	1,782	1,605	1,589	1,293	1,792	1,891	1,781	1,743	1,616	1,810	1,909	1,494	1,466	1,688	1,520	1,280	1,447	1,166	1,287	1,475	1,395	1,618	1,672	1,451	1,555	1,138	1,897	1,261	1,229	1,284	1,336	1,202	1,088	1,005	1,321	807	1,035	720	1,095	1,088	859	1,202	925
Tax Provision	412	850	650	523	851	449	176	353	356	163	139	124	34	387	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-
Total Operating Expenses	-2,027	1,605	2,123	1,794	2,225	2,337	2,369	2,260	2,081	2,245	2,414	2,013	3,121	2,416	2,308	1,870	2,742	1,711	1,958	2,043	2,001	2,201	2,253	1,976	1,985	-674	540	56	-122	399	746	421	335	346	785	376	788	667	2,170	1,314	1,149	1,632	1,141
Total Other Income Expense Net	-21,462	-15,519	-19,703	-16,780	-41,871	40,616	7,210	33,296	36,398	47,783	43,007	36,028	38,197	33,995	56,258	-121,048	27,071	-8,940	9,817	33,786	-1,000	6,110	13,136	21,099	27,247	25,543	15,501	16,173	17,396	29,170	25,951	-2,708	-9,983	9,653	9,215	9,788	-3,931	937	4,592	4,016	1,755	-1,171	-2,511
Total Revenue	62,895	51,032	7,486	30,304	15,535	40,616	7,210	33,296	36,398	50,028	45,421	38,041	41,318	36,411	58,566	50,545	29,813	55,779	11,775	35,829	1,001	8,311	15,389	23,075	29,063	24,869	16,041	16,229	17,274	29,569	26,697	23,110	20,685	9,999	10,000	10,164	5,885	1,604	6,762	5,330	2,904	461	56

Latest Income Statement (annual, 2023-12-31)

Gross Profit (+$)
totalRevenue	220,388
Cost of Revenue	-52,417
Gross Profit	167,971	167,971

Operating Income (+$)
Gross Profit	167,971
Operating Expense	--1,992
Operating Income	169,963	169,963

Operating Expense (+$)
Research Development	0
Selling General Administrative	6,372
Selling And Marketing Expenses	0
Operating Expense	-1,992	6,372

Net Interest Income (+$)
Interest Income	198,484
Interest Expense	-71,711
Other Finance Cost	-5,209
Net Interest Income	131,982

Pretax Income (+$)
Operating Income	169,963
Net Interest Income	131,982
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	94,715	245,211 EBIT - interestExpense = -71,711 94,715 163,991
Interest Expense	71,711
Earnings Before Interest and Taxes (EBIT)	0	166,426
Earnings Before Interest and Taxes (EBITDA)	169,963

After tax Income (+$)
Income Before Tax	94,715
Tax Provision	-2,874
Net Income From Continuing Ops	75,146	91,841
Net Income	92,280
Net Income Applicable To Common Shares	0

Non-recurring Events
Discontinued Operations	0
Extraordinary Items	0
Effect of Accounting Charges	0
Other Items	0
Non Recurring	0
Other Operating Expenses	50,425
Total Other Income/Expenses Net	-75,248	-131,982

Technical Analysis of Carlyle Secured Lending Inc
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Carlyle Secured Lending Inc. The general trend of Carlyle Secured Lending Inc is BULLISH with 100.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Carlyle Secured Lending Inc's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitions	Bullish trend (100.0%)		Bearish trend (-100.0%)
Overbought to neutral	Bullish pullback	=	Bearish reversal
Upper to lower neutral	Bullish correction	=	Bearish continuation
Nuetral to oversold	Oversold	=	Oversold
Oversold to neutral	Bullish reversal	=	Bearish correction
Lower to upper neutral	Bullish continuation	=	Bearish pullback
Nuetral to overbought	Overbought	=	Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.

Score

Let's take a look at the Support & Resistance of Carlyle Secured Lending Inc.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: .

The bearish price targets are: 15.49 > 15.30 > 15.27.

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Carlyle Secured Lending Inc Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

Moving averages are lagging trend indicators.
There are many types of moving averages.
Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Carlyle Secured Lending Inc. The current mas is .

The long score for the Moving Averages is 14/14.
The longshort score for the Moving Averages is 14/(-14 +14).

MA 20 trending up: The MA 20 is trending up. +1
Close > MA 20: The price is above the MA 20. +1
MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
MA 50 trending up: The MA 50 is trending up. +1
Close > MA 50: The price is above the MA 50. +1
MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
MA 100 trending up: The MA 100 is trending up. +1
Close > MA 100: The price is above the MA 100. +1
MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
MA 200 trending up: The MA 200 is trending up. +1
Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving Average	Amount of candles	vs. MA 50	vs. MA 100	vs. MA 200
MA 20	20
MA 50	50	-
MA 100	100	-	-
MA 200	200	-	-	-

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Shows the moving average of the selected period.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

There are various kinds of moving averages:

Simple moving average (SMA);
Exponential moving average (EMA);
Smoothed moving average (SMMA);
Linear weighted moving average (LWMA).

The moving average looks at a certain period of time and it calculates the price average. The various types of averages are using various formulas. Don’t worry, you don’t have to memorize any formula. All moving averages are calculated automatically by basically every charting software you use. But it’s good to know how moving averages are actually calculated.

Simple moving average

SMA is calculated by summing up the price closures of the selected period. The price is then divided by the selected period. For example, when using the 21 day moving average you sum up all the closing prices for each day and divide that by 21. The result is a line on the chart representing the average. Because it’s an average in the selected timeframe, the trend is always lagging. An moving average looks like this on the chart:

Source: Tradingview.com

In this case, the blue line represents a 21 day moving average. Because the average is based on results from the past, the indicator will always lag behind. For example, when price would suddenly go up, the moving average won't immediately follow.

All other moving averages discussed below look the same on the chart. The only difference is that the line will move in different directions based on the maths behind the used indicators and the amount of days used to determine the average.

Exponential moving average

The EMA gives more weight to the latest closing prices by giving them more value in the equation. EMA is calculated by adding a certain percentage to the latest closing prices:

EMA = (CLOSE (i) * P) + (EMA (i - 1) * (1 - P))

Where:

CLOSE (i) = current period close price.
EMA (i - 1) = value of the Moving Average of a preceding period.
P = the percentage of using the price value.

Smoothed moving average

A smoothed moving average is an exponential moving average with a long lookback period. Older prices are reduced in weight but are never left out in the calculation. Unlike SMA and EMA where prices are removed when they are beyond the selected period. SMMA is a combination of the SMA and EMA. The main advantage is that it smooths out fluctuations in price.

Linear weighted moving average

The LWMA gives the latest price the highest weight and then lineary scales down with each price before that. The result is that the LWMA reacts quicker to changes in price than the SMA or EMA. The formula:

LWMA = ((Pn∗W1)+(Pn−1∗W2)+(Pn−2∗W3)...) / ∑W

Where:

P = Price for the period.
n = The most recent period, n-1 is the prior period, and n-2 is two periods prior.
W = The assigned weight to each period, with the highest weight going first and then descending linearly based on the number of periods being used.

Moving averages are widely used by many traders. Which moving average you need depends on your trading strategy. Common practise is using a combination of multiple periods. For example, the EMA21, EMA50, EMA100 and EMA200. How does that look on a chart:

Source: Tradingview.com

The lowest (purple) line on the chart represents the EMA200 then following up the EMA100, EMA50 and EMA21.

You can use moving averages to determine a trend. The 200 moving average is mostly used as a baseline for determining the current trend:

When the 200 moving average is moving up it is considered a bullish trend.
When the 200 moving average is down it is considered a bearish trend.
When moving averages are flatlined, there is no clear trend so you should look for market structure, consolidation or trend reversals. Depending on how you want to trade.

This is not set in stone. Most trading strategies use multiple moving averages each with different settings. While one strategy might use the EMA20, the other uses the SMA21. There can be hundreds of different variations. Moving averages can also be used as support and resistance. More often than not, prices will bounce on moving averages.

Carlyle Secured Lending Inc Daily Moving Averages Chart

2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

MACD is a lagging momentum indicator.
Uses two moving averages.
Can show buy or sell signals based on momentum.
Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Carlyle Secured Lending Inc. The current macd is 0.23189716.

The long score for the Moving Average Convergence/Divergence (MACD) is 4/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 4/(-4 +4).

MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Carlyle Secured Lending Inc price going up in the near term. +2
MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Carlyle Secured Lending Inc. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Carlyle Secured Lending Inc price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1

Carlyle Secured Lending Inc Daily Moving Average Convergence/Divergence (MACD) Chart

2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.

Score

Let's take a look at the Directional Movement Index (DMI) of Carlyle Secured Lending Inc. The current adx is 39.94.

The long score for the Directional Movement Index (DMI) is 4/7.
The longshort score for the Directional Movement Index (DMI) is 4/(-7 +7).

PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Carlyle Secured Lending Inc shares, leading to potential upward momentum in its price. +1
PLUS_ID > MINUS_DI && ADX > 25 && ADX trending up: The ADX is above 25 and indicates a strong bullish trend. The ADX is trending up, so the bullish trend is strengthening.

Carlyle Secured Lending Inc Daily Directional Movement Index (DMI) Chart

2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

Parabolic SAR (stop and reverse) is a lagging trend indicator.
Shows the current trend.
Shows potential entry signals.
Shows potential exit signals.
Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Carlyle Secured Lending Inc. The current sar is 16.25.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1

Carlyle Secured Lending Inc Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

Leading momentum indicator, meaning the signals are instant.
Ranges between 0 and 100.
Above 70 is considered overbought.
Below 30 is considered oversold.
Above or below 50 can also be used to determine price trend or support and resistance.
RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Carlyle Secured Lending Inc. The current rsi is 68.61. The current phase is Continuation in bull market.

The long score for the Relative Strength Index (RSI) is 3/13.
The longshort score for the Relative Strength Index (RSI) is 2/(-13 +13).

Continuation in bull market: Uptrend continues after a consolidation or pullback. Hold or add to existing positions.
Trending down: The RSI is trending down. -1

Measures the speed and change of price movements.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

The RSI measures the magnitude of recent price changes to determine if the asset is overbought or oversold.

Overbought (RSI above 70) means that the trading price is above its intrinsic value. This might indicate a sell or short signal.
Oversold (RSI below 30) means that the trading price is below its intrinsic value. This might indicate a buy or long signal.
RSI levels above or below 50 can also be used to determine a trend.
RSI divergence looks at a deviation between RSI and price movement.
Can be used in many different ways.

Original usage

Keep in mind that almost every indicator can be used in different ways. Even beyond the orginal settings. The relative strength index was developed by J. Welles Wilder. Wilder recommended a smoothing period of 14 days. That means a 14 day moving average (read more about this setting below). Another quote from the wikipedia page:

Wilders also considers the RSI 50 line as both support and resistance. I recommend to always read the original settings first before using an indicator. Many traders and websites are using their own version of the indicator which might be confusing.

How you can use RSI (Divergence)

First and foremost, there is no real right or wrong usage of the RSI indicator. You can use it in any way you want. Wilder recommends using a 14 day average but you can make it 50 or 100 if you like. Just keep in mind that using an indicator is just part of a larger trading plan. In other words, it’s not recommended to do any trading or investing based on a single indicator like the RSI.

The RSI is measured on a scale between 0 and 100. From 30 till 0 is considered oversold. and from 70 -100 is overbought. The RSI is a leading indicator, meaning the signals are instant.

I like to use the RSI as a trend\momentum indicator and not as an overbought or oversold indicator. I use the middle (50) as the baseline. When prices go above RSI 50 the trend is bullish and can indicate long positions. When below 50 it is considered bearish and can indicate short positions. Other traders use the 70 and 30 levels as overbought/oversold depending on the used strategy. The RSI indicator looks like this:

Source: Tradingview.com

The general concensus is that an RSI above 70 indicates that the security is overbought. In other words, the price this security is trading for is to high and should come down. So if RSI hits 70 or above this might indicate a sell signal or taking a short position (expecting the price will go down). Although RSI above 70 indicates the security is trading above it's fair value, that does not mean the price will go down.

Use tradingview to add indicators

I highly recommend using tradingview to add indicators to a chart. It has all the indicators you can think off and can add them for free (up to three indicators) to any chart you want. You can see that the levels 30 and 70 are marked with a dotted line. If you want you can remove these lines or give it another colour using Tradingview. You can also adjust the moving average used. You can also find RSI indicators made by the community that include other settings like RSI divergences.

Tradingview

Use Tradingview to (back)test your strategies and add hundreds of indicators created by the community.

View tool on Tradingview.com

RSI divergence

RSI is not only used to determine momentum but can also spot reversals or continuations of the trend. A reversal means that the trend is going in the opposite direction. From bullish to bearish or from bearish to bullish. These reversals can be spotted by looking at the price and the direction of the RSI. When the price is going up but the RSI is going down that means there is a divergence. This is also the case when RSI goes up but price is going down.

There are four types of divergences:

Regular bullish divergence
Regular bearish divergence
Hidden bullish divergence
Hidden bearish divergence

Regular bullish divergence

With a regular bullish divergence, the price is making lower highs but the oscillator (in this case the RSI) is making higher lows. A regular bullish divergence might indicate the end of the current trend. You’ll see regular bullish divergences mostly at the end of a downtrend. But that does not mean that every regular bullish divergence is a trend reversal.

Price is making lower highs
RSI is making higher lows
Indicating bullish reversal (price might go up)

Source: Tradingview.com

Regular bearish divergence

With a regular bearish divergence the price is making higher highs but the oscillator (in this case the RSI) is making lower highs. This might indicate the end of an uptrend.

Price is making higher highs
RSI is making lower highs
Indicating bearish reversal

Source: Tradingview.com

Hidden bullish divergence

With a hidden bullish divergence, the price is making a higher low while the RSI is making a lower low. This might indicate bullish trend continuation.

Price is making higher lows
RSI is making lower lows
Indicating bullish continuation

Source: Tradingview.com

As you have noticed, you can have multiple divergences in a row.

Hidden bearish divergence

With a hidden bearish divergence, price is making lower highs but RSI is making higher highs. This might indicate bearish trend continuation.

Price is making lower highs
RSI making higher highs
Indicating bearish continuation

Source: Tradingview.com

You can find many cheatsheets of RSI divergences online. Search for "RSI divergence overview" and you'll find a lot of examples. You can print these to learn the various types of divergences.

Carlyle Secured Lending Inc Daily Relative Strength Index (RSI) Chart

3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

Leading momentum indicator, meaning the signals are instant.
Used to determine overbought and oversold areas much like the RSI.
Ranges between 0 and 100.
Above 80 is considered overbought.
Below 20 is considered oversold.
Consists of two lines named K and D.
K compares the highest high and lowest low on the selected price range.
The D line is a moving average of the K line.
Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Carlyle Secured Lending Inc. The current phase is Overbought in bull market.

The long score for the Stochastic Oscillator is 5/6.
The longshort score for the Stochastic Oscillator is 4/(-6 +6).

STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
STOCH > 80: The STOCH %K is above 80 and overbought. +2
STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Carlyle Secured Lending Inc price going up in the near term. +2
Trending down: The STOCH %K is trending down. -1

Carlyle Secured Lending Inc Daily Stochastic Oscillator Chart

3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

Lagging or leading Momentum indicator
When the CCI is above zero, the price is above the historical average
When the CCI is below zero, the price is below the historical average
Used for spotting trends
- If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
- If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Carlyle Secured Lending Inc. The current cci is 200.66.

The long score for the Commodity Channel Index (CCI) is 1/1.
The longshort score for the Commodity Channel Index (CCI) is 1/(-1 +1).

CCI > 100: The CCI is above 100, it indicates that the price is significantly above its average, suggesting a potential overbought condition. +1

Carlyle Secured Lending Inc Daily Commodity Channel Index (CCI) Chart

3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

Lagging momentum indicator
Ranges between +100 and -100
Considered overbought above +50
Considered oversold below -50
It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Carlyle Secured Lending Inc. The current cmo is 43.14.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1

Carlyle Secured Lending Inc Daily Chande Momentum Oscillator (CMO) Chart

3.5 Williams %R

Shows the current price relative to the highest high over the last 14 days.

Lagging momentum indicator
Ranging between 0 and -100
Above -20 is considered overbought
Below -80 is considered oversold
Is prone to give false signals

Score

Let's take a look at the Williams %R of Carlyle Secured Lending Inc. The current willr is -17.72151899.

The long score for the Williams %R is 1/1.
The longshort score for the Williams %R is 1/(-1 +1).

WILLR > -20: The Williams %R is above -20. This indicates that the price is in overbought territory, suggesting a potential price correction or trend reversal to the downside. +1

Carlyle Secured Lending Inc Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

Lagging volatility indicator
Uses 3 bands: one upper, one lower and one in the middle
Works best when the middle band reflects an intermediate trend (MA20).
When the price is moving closer to the upper band, the market might be overbought
When the price is moving closer to the lower band, the market might be oversold

Score

Let's take a look at the Bollinger Bands of Carlyle Secured Lending Inc.

Carlyle Secured Lending Inc Daily Bollinger Bands Chart

4.2 Average True Range (ATR)

Measures market volatility

Leading volatility indicator
Can be used to determine stop-loss positions
Calculated by:
- Current high minus the current low
- Current high minus the previous close
- Current low minus the previous close
The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Carlyle Secured Lending Inc. The current atr is 0.24345849.

Carlyle Secured Lending Inc Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

Measures market volatility

Leading momentum indicator
Calculation:
- If the closing price is above the previous closing price: OBV = previous OBV + current volume
- If the closing price is below the previous closing price: OBV = previous OBV - current volume
- If the closing price is the same as the previous closing price than the OBV is the same.
Can be used to confirm price trends
Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Carlyle Secured Lending Inc. The current obv is 6,114,257.

Carlyle Secured Lending Inc Daily On-Balance Volume (OBV) Chart

5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

Lagging momentum indicator
Looks like RSI but uses volume as an extra metric (RSI only considers price)
Above 80 is considered overbought
Below 20 is considered oversold
Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Carlyle Secured Lending Inc. The current mfi is 56.96.

The long score for the Money Flow Index (MFI) is 1/2.
The longshort score for the Money Flow Index (MFI) is 1/(-2 +2).

MFI > 50: +1

Carlyle Secured Lending Inc Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for Carlyle Secured Lending Inc.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

Date	Indicator	Signal
2023-11-28	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-11-29	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
2023-12-01	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-04	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
2023-12-05	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-06	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
2023-12-07	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-08	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2023-12-11	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2023-12-13	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-14	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-18	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-19	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2023-12-20	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-22	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2023-12-27	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-28	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-01-02	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-01-03	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-01-04	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-01-05	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
2024-01-08	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-09	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
2024-01-10	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-01-11	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-12	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
2024-01-17	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-01-18	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-01-19	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-01-22	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2024-01-23	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-26	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-29	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-30	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-31	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-01	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-05	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-06	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-02-08	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	MFI	SHORT ENTRY	LONG CLOSE	20 crossover to downside
2024-02-09	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-12	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-02-13	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-15	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-02-16	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	MFI	LONG ENTRY	SHORT CLOSE	20 crossover to upside
2024-02-20	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
2024-02-22	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-02-26	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-27	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-02-28	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
2024-02-29	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-03-05	MFI	LONG ENTRY	SHORT CLOSE	80 crossover to upside
2024-03-06	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-07	MFI	SHORT ENTRY	LONG CLOSE	80 crossover to downside
2024-03-08	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
2024-03-11	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2024-03-13	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-14	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-03-15	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
2024-03-18	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-03-19	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-20	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
2024-03-21	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-03-22	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-25	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2024-03-26	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-27	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-03-28	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-03	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-04-04	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-05	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-04-09	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-11	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-04-12	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-16	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-17	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2024-04-18	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).

6.3. Candlestick Patterns

Carlyle Secured Lending Inc Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

Let's check the technical score of Carlyle Secured Lending Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	68.610
Ma 20	Greater than	Ma 50	16.283
Ma 50	Greater than	Ma 100	15.726
Ma 100	Greater than	Ma 200	15.196
Open	Greater than	Close	16.720
Total			5/5 (100.0%)

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Quick analysis of Carlyle Secured Lending Inc (30 sec.)

What can you expect buying and holding a share of Carlyle Secured Lending Inc? (30 sec.)

How much money do you get?

What is your share worth?

+ What do you gain per year?

For what price can you sell your share?

1. Valuation of Carlyle Secured Lending Inc (5 min.)

$16.70

$16.23

$-126.10 - $59.36

$-109.87 - $75.59

2. Growth of Carlyle Secured Lending Inc (5 min.)

Is Carlyle Secured Lending Inc growing?

How much money is Carlyle Secured Lending Inc making?

How much money comes from the company's main activities?

3. Financial Health of Carlyle Secured Lending Inc (5 min.)

4. Comparing to competitors in the Asset Management industry (5 min.)

Industry Rankings (Asset Management)

What can you expect buying and holding a share of Carlyle Secured Lending Inc? (5 min.)

What can you expect buying and holding a share of Carlyle Secured Lending Inc?

Speculation

Investing

How much money are you going to get?

When do you get the money?

How sure are you?

Linear %

Fundamentals of Carlyle Secured Lending Inc

About Carlyle Secured Lending Inc

Financial Health

Valuation

1.1. Profitability of Carlyle Secured Lending Inc.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Asset Management)

1.1.2. Return on Assets

Trends

Compared to industry (Asset Management)

1.1.3. Return on Equity

Trends

Compared to industry (Asset Management)

1.2. Operating Efficiency of Carlyle Secured Lending Inc.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

Compared to industry (Asset Management)

1.2.2. Operating Ratio

Trends

Compared to industry (Asset Management)

1.3. Liquidity of Carlyle Secured Lending Inc.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Asset Management)

1.3.2. Quick Ratio

Trends

Compared to industry (Asset Management)

1.4. Solvency of Carlyle Secured Lending Inc.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Asset Management)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Asset Management)

2. Market Valuation of Carlyle Secured Lending Inc

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Asset Management)

Carlyle Secured Lending Inc
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