SAZ debt to equity history

Quarterly. Dates are reporting period ends; fiscal years can differ from calendar years.

Saratoga Investment Corp 8.50% Notes due 2028 Debt to Equity — Quarterly
Period ending	Debt to Equity
Aug 31, 2026	2.5133×
May 31, 2026	2.1211×
Feb 28, 2026	1.8317×
Nov 30, 2025	1.8506×
Aug 31, 2025	1.8923×
May 31, 2025	1.9693×
Feb 28, 2025	1.9911×
Nov 30, 2024	2.1975×
Aug 31, 2024	2.2108×
May 31, 2024	2.2144×
Feb 28, 2024	2.1708×
Nov 30, 2023	2.2072×
Aug 31, 2023	2.1451×
May 31, 2023	2.3399×
Feb 28, 2023	2.0496×
Nov 30, 2022	2.0406×
Aug 31, 2022	1.8387×
May 31, 2022	1.8467×
Feb 28, 2022	1.4022×
Nov 30, 2021	1.307×
Aug 31, 2021	1.2379×
May 31, 2021	1.1588×
Feb 28, 2021	0.9009×
Nov 30, 2020	0.9245×
Aug 31, 2020	0.9097×
May 31, 2020	0.7977×
Feb 28, 2020	0.6733×
Nov 30, 2019	0.9832×
Aug 31, 2019	1.2383×
May 31, 2019	1.4854×
Feb 28, 2019	1.5323×
Nov 30, 2018	1.5553×
Aug 31, 2018	1.4919×
May 31, 2018	1.4273×
Feb 28, 2018	1.437×
Nov 30, 2017	1.4715×
Aug 31, 2017	1.5964×
May 31, 2017	1.7816×
Feb 28, 2017	1.4256×
Nov 30, 2016	1.3301×
Aug 31, 2016	1.252×
May 31, 2016	1.2641×
Feb 28, 2016	1.2845×
Nov 30, 2015	1.0691×
Aug 31, 2015	1.0683×
May 31, 2015	1.0894×
Feb 28, 2015	1.0776×
Nov 30, 2014	1.0808×
Aug 31, 2014	1.0115×
May 31, 2014	1.0027×
Feb 28, 2014	0.8313×
Nov 30, 2013	0.83×
Aug 31, 2013	0.7853×
May 31, 2013	0.785×
Feb 28, 2013	0.5548×
Nov 30, 2012	0.1443×
Aug 31, 2012	0.1408×
May 31, 2012	0.1989×
Feb 28, 2012	0.4108×
Nov 30, 2011	0×
Aug 31, 2011	0×
May 31, 2011	0×
Feb 28, 2011	0.1046×
Nov 30, 2010	0.1926×
Aug 31, 2010	0.2511×
May 31, 2010	0.5816×
Feb 28, 2010	1.3336×
Nov 30, 2009	0.6814×
Aug 31, 2009	0.8654×
May 31, 2009	0.7871×
Feb 28, 2009	0.8674×
Nov 30, 2008	0.7878×
Aug 31, 2008	0.7229×
May 31, 2008	0.6224×
Feb 28, 2008	0.8016×
Nov 30, 2007	0.7533×
Aug 31, 2007	0.7514×
May 31, 2007	0.8502×
Feb 28, 2007	0×