FS Specialty Lending Fund Ratios and Metrics

Market cap in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '26 Jun 30, 2026	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Debt / Equity Ratio	0.26	0.33	0.25	0.43	0.48	0.62
Net Debt / Equity Ratio	0.11	0.20	-0.06	0.16	0.46	0.52
Asset Turnover	0.10	0.11	0.07	0.07	0.06	0.07
Quick Ratio	0.65	0.40	1.06	11.39	0.72	4.35
Current Ratio	0.66	0.46	1.08	11.39	0.72	4.35
Return on Equity (ROE)	5.71%	6.20%	-7.31%	11.00%	13.58%	-45.94%
Return on Assets (ROA)	4.77%	5.15%	2.91%	3.18%	2.53%	3.26%
Return on Invested Capital (ROIC)	8.48%	10.33%	6.15%	5.78%	4.32%	5.61%
Return on Capital Employed (ROCE)	10.00%	11.50%	6.90%	5.10%	4.10%	6.80%
Payout Ratio	169.87%	154.72%	-	17.84%	15.51%	-
Buyback Yield / Dilution	-0.00%	-0.24%	-1.12%	-1.27%	-1.41%	-0.10%