Saratoga Investment Corp. balance sheet SAY

As of Aug 31, 2026, Saratoga Investment Corp. had total assets of $1.3 billion and total liabilities of $903.7 million. Total assets were up 3.4% from a year earlier. Stockholders' equity was $352.6 million. It held $80.1 million in cash and investments against $902.4 million of total debt, net debt of $822.3 million.

USD in millions, except ratios and per-share amounts. The percent under a figure is the change from the same quarter a year earlier.

Line
Q2 FY2026
Aug 31, 2026
Q1 FY2026
May 31, 2026
Q4 FY2026
Feb 28, 2026
Q3 FY2026
Nov 30, 2025
Q2 FY2026
Aug 31, 2025
Q1 FY2026
May 31, 2025
Q4 FY2025
Feb 28, 2025
Q3 FY2025
Nov 30, 2024
Assets
Cash
80
-5.3%
46
2
-98.9%
52
-64.6%
106
+24.9%
132
148
+1605.1%
148
+590.2%
Cash and investments
80
-5.3%
46
2
-98.9%
52
-64.6%
106
+24.9%
132
148
+1605.1%
148
+590.2%
Total assets
1,256
+3.4%
1,197
1,139
-4.4%
1,197
-1.9%
1,206
-0.7%
1,202
1,192
+0.0%
1,220
+4.1%
Liabilities and equity
Total current liabilities
—
—
—
—
—
806
—
—
Total liabilities
904
819
743
-7.0%
784
-7.3%
796
—
799
-2.7%
845
Stockholders' equity
353
-5.2%
378
396
+0.9%
413
+10.2%
410
+10.3%
396
393
+6.1%
375
+4.3%
Debt
Long-term debt
902
817
739
-6.9%
774
-7.6%
786
791
794
838
+103166.1%
Total debt
902
+107598.0%
817
739
-6.9%
774
-7.6%
786
+93753.5%
791
794
+96669.8%
838
+103166.1%
Net cash
-822
-1082.1%
-771
-738
-14.3%
-722
-4.6%
-681
-913.0%
-660
-646
-8301.4%
-690
-3454.8%
Ratios
Debt to equity
2.56x
2.16x
1.87x
1.87x
1.92x
2.00x
2.02x
2.24x
Return on equity
10.03%
—
9.24%
9.33%
8.62%
—
7.15%
9.09%
Return on assets
2.82%
—
3.21%
3.22%
2.93%
—
2.36%
2.79%
Book value per share
22.15
23.23
24.42
25.59
25.61
25.52
25.86
26.95
How these figures are calculated

Quarterly columns are single-quarter amounts. When a 10-Q reports only a year-to-date total, as cash flow statements do, the quarter is that total minus the previous quarter's year-to-date total. The fourth quarter is the annual report's full year minus the first nine months. A column marked YTD is a year-to-date total, shown when the earlier report needed for the single quarter is missing. USD in millions, except ratios and per-share amounts. Cash and investments adds short-term and long-term marketable securities to cash. Debt due within a year is the borrowings that are not already in long-term debt. Total debt is those borrowings plus lease liabilities. Net cash is cash and investments minus total debt. Return on equity and return on assets divide the trailing twelve months of net income by the balance on that date. Debt to EBITDA uses the trailing twelve months of EBITDA. More on our methodology.

Company profile

Listed as
SAR (NYSE), SAJ (NYSE), SAV (NYSE), SAX (NYSE), SAY (NYSE), SAZ (NYSE)
Fiscal year ends
February 28
Incorporated in
MD
Headquarters
New York, NY
SEC filer status
Accelerated filer
SEC CIK
1377936
Former names
GSC INVESTMENT CORP. (until Aug 3, 2010); GSC Investment LLC (until Mar 21, 2007)

Source: SEC EDGAR filings. This is company-reported data, not investment advice.