BLACKROCK DEBT STRATEGIES FUND, INC. (DSU)
The BlackRock Debt Strategies Fund, Inc. is a closed-end mutual fund, established by BlackRock, Inc., that focuses on fixed-income investments. Managed by BlackRock Advisors, LLC, the fund primarily allocates capital within U.S. fixed income markets. Its core strategy involves building a diverse portfolio of corporate debt instruments, including corporate loans. These holdings typically consist of securities rated in the lower categories by established services (BBB or below by S&P's, or Baa or below by Moody's), or unrated debt instruments deemed by the investment adviser to possess comparable quality. Formed on March 27, 1998, and domiciled in the United States, it was formerly known as Debt Strategies Fund Inc.
Industry: Asset Management
BlackRock Debt Strategies Fund, Inc.
NYSE:DSUFinancial Services · Asset Management
-0.70%$8.52
AH Close$8.52+0.00%vs close
AH Close$8.52+0.00%vs close
Mkt Cap$551.95M
Float64.08M
O/S64.78M
Inst Own23.7%
SI0.8%
Div Yield13.91%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$45.98M
Net Income$38.71M
Total Assets$762.27M
Free Cash Flow$40.29M
Debt & Equity
Debt 15%
Equity 85%
Total Debt$113.01M
Total Equity$630.8M
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
- 1:3Reverse splitNov 16, 20163 shares → 1
Balance Sheet Details
Assets$762.27M
Liabilities$131.47M
Accounts Receivable$7.92M
Accounts Payable$17.46M
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2018 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-02-28 | 2018-02-28 | 2018-02-28 | 2017-02-28 | 2016-02-29 | 2015-02-28 | 2014-02-28 | 2013-02-28 | 2012-02-29 |
| Revenue | $45.98M | $39.7M | $49.67M | -$19.44M | $35.07M | $1.39M | $19.21M | $50.33M | $43.37M | $55.94M | $56.92M | $64.47M | $45.25M | $42.25M | $41.46M |
| YoY Growth | 15.8% | -20.1% | -355.5% | -155.4% | 2416.1% | -92.7% | -61.8% | 16.0% | -22.5% | -1.7% | -11.7% | 42.5% | 7.1% | 1.9% | - |
| Cost of Revenue | $3.99M | $3.75M | $3.72M | $4.1M | $4.64M | $4.44M | $4.45M | $6.96M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $41.98M | $35.95M | $45.95M | -$23.54M | $30.42M | -$3.05M | $14.76M | $43.37M | $43.37M | $55.94M | $56.92M | $64.47M | $45.25M | $42.25M | $41.46M |
| Gross Margin | 91.3% | 90.5% | 92.5% | 121.1% | 86.8% | -218.9% | 76.8% | 86.2% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $427K | $4.06M | $356K | $297K | $518K | $529K | $895K | $971K | $971K | $6.61M | $6.37M | $7.25M | $5.55M | $4.45M | $4.2M |
| Other | -$2.38M | -$3.54M | $32.12M | $2K | $169K | $155K | $201K | $89K | $89K | $0 | $0 | $0 | $0 | $0 | $17.18M |
| Total Operating Expenses | -$2.38M | $520K | -$32.12M | $299K | $687K | $684K | $1.1M | $1.06M | $1.06M | $6.61M | $6.37M | $7.25M | $5.55M | $4.45M | $21.38M |
| Operating Income (EBIT) | $44.36M | $52.01M | $78.07M | -$14.44M | $34.38M | $710K | $26.52M | $42.31M | $49.27M | $49.33M | $50.55M | $57.21M | $39.71M | $37.81M | $37.27M |
| Operating Margin | 96.5% | 131.0% | 157.2% | 74.3% | 98.0% | 51.0% | 138.1% | 84.1% | 113.6% | 88.2% | 88.8% | 88.7% | 87.7% | 89.5% | 89.9% |
| Interest Expense | $5.66M | $7.9M | $8.35M | $5.3M | $2.28M | $2.99M | $8.41M | $6.96M | $6.96M | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $52.33M | $55.38M | $57.54M | $42.51M | $34.81M | $36.66M | $56.52M | $60.55M | $60.55M | $0 | $0 | $0 | $0 | $0 | $1.37M |
| Other Income (Expense) | -$5.65M | -$7.98M | -$8.46M | -$5.3M | -$2.35M | -$2.94M | -$8.41M | $0 | -$6.96M | $78.75M | -$93.01M | -$29.91M | $11.97M | $25.8M | -$18.55M |
| Income Before Tax (EBT) | $38.71M | $44.03M | $69.61M | -$19.74M | $34.38M | $710K | $18.11M | $42.31M | $42.31M | $128.08M | -$42.46M | $27.3M | $51.68M | $63.61M | $18.71M |
| Income Tax Expense | $0 | $0 | $54.47M | $38.83M | $28.24M | $30.09M | $46.5M | $0 | $0 | $536K | $93K | $13K | $13K | $578 | $0 |
| Net Income | $38.71M | $44.03M | $69.61M | -$19.74M | $34.38M | $710K | $18.11M | $42.31M | $42.31M | $127.55M | -$42.56M | $27.29M | $51.66M | $63.61M | $18.71M |
| Net Income Margin | 84.2% | 110.9% | 140.1% | 101.5% | 98.0% | 51.0% | 94.3% | 84.1% | 97.6% | 228.0% | -74.8% | 42.3% | 114.2% | 150.5% | 45.1% |
| Supplementary Data | |||||||||||||||
| EPS | 0.69 | 0.92 | 1.49 | -0.42 | 0.74 | 0.02 | 0.37 | 0.74 | 0.74 | 2.07 | -0.68 | 0.44 | 0.83 | 1.76 | 0.52 |
| Diluted EPS | 0.69 | 0.92 | 1.49 | -0.42 | 0.74 | 0.02 | 0.37 | 0.74 | 0.74 | 2.07 | -0.68 | 0.44 | 0.83 | 1.76 | 0.52 |
| Weighted Average OS | 56.09M | 47.86M | 46.61M | 46.61M | 46.61M | 46.59M | 49.42M | 57.18M | 57.18M | 61.50M | 62.30M | 62.30M | 62.30M | 36.12M | 35.99M |
| EBITDA | $44.37M | $52.01M | $78.23M | -$14.44M | $34.62M | $710K | $26.52M | $42.31M | $49.27M | $0 | $0 | $0 | $0 | $0 | -$18.55M |
| EBITDA Margin | 96.5% | 131.0% | 157.5% | 74.3% | 98.7% | 51.0% | 138.1% | 84.1% | 113.6% | - | - | - | - | - | -44.7% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2018 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-02-28 | 2018-02-28 | 2018-02-28 | 2017-02-28 | 2016-02-29 | 2015-02-28 | 2014-02-28 | 2013-02-28 | 2012-02-29 |
| Assets | |||||||||||||||
| Current Assets | |||||||||||||||
| Cash and Cash Equivalents | $2.29M | $3.22M | $0 | $4.02M | $3.57M | $1.1M | $1.86M | $1.31M | $2.01M | $5.22M | $1.84M | $1.19M | $917K | $389K | $138K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $2.29M | $3.22M | $1.32M | $4.02M | $3.57M | $1.1M | $1.86M | $1.31M | $2.01M | $5.22M | $1.84M | $1.19M | $917K | $389K | $138K |
| Accounts Receivable | $7.92M | $12.33M | $10.18M | $11.01M | $6.79M | $6.16M | $22.34M | $22.54M | $22.34M | $16.4M | $16.65M | $43.24M | $28.86M | $15.97M | $17.88M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $13.71M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | -$13.71M | $0 | $0 | $1.88M | $1.55M | $780K | $1.66M | $1.41M | $48K |
| Total Current Assets | $10.21M | $15.55M | $10.19M | $15.03M | $10.37M | $7.27M | $24.19M | $23.87M | $24.36M | $23.55M | $20.13M | $45.21M | $31.53M | $17.77M | $18.07M |
| Long-Term Assets | |||||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $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 |
| Long-Term Investments | $751.72M | $1.03M | $63K | $21K | $15K | $18K | $946.95M | $757K | $904K | $1.13B | $892.35M | $1.1B | $1.16B | $706.74M | $603.57M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $345K | $654.74M | $657.39M | $639.68M | $799.77M | $788.58M | -$946.95M | $1.1B | $945.92M | $57K | $79K | $245K | $198K | $233K | $0 |
| Total Long-Term Assets | $752.06M | $655.77M | $657.45M | $639.7M | $799.78M | $788.6M | $946.95M | $1.1B | $946.82M | $1.13B | $892.43M | $1.1B | $1.16B | $706.97M | $603.57M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $43K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $512K |
| Total Assets | $762.27M | $671.32M | $667.64M | $654.74M | $810.15M | $795.87M | $971.19M | $1.13B | $971.19M | $1.16B | $912.56M | $1.15B | $1.19B | $724.74M | $622.15M |
| Liabilities | |||||||||||||||
| Current Liabilities | |||||||||||||||
| Accounts Payable | $17.46M | $16.62M | $9.71M | $3.24M | $22.21M | $27.69M | $50.57M | $44.45M | $50.57M | $51.98M | $11.87M | $49.72M | $40.23M | $57.71M | $29.52M |
| Short-Term Debt | $113.01M | $0 | $0 | $0 | $0 | $0 | $262M | $0 | $0 | $320.67M | $190M | $295M | $315M | $190M | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | -$211.43M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | -$50.57M | $0 | $0 | $99K | $279K | $296K | $2.97M | $1.17M | $176.2M |
| Total Current Liabilities | $113.01M | $16.62M | $9.71M | $3.24M | $22.21M | $27.69M | $50.57M | $44.45M | $50.57M | $374.58M | $203.33M | $346.36M | $359.51M | $249.73M | $176.2M |
| Long-Term Liabilities | |||||||||||||||
| Long-Term Debt | $0 | $102M | $149.63M | $164M | $248M | $229M | $278M | $338M | $278M | $0 | $0 | $0 | $18K | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $18.46M | $2.03M | $899K | $934K | $1.25M | $1.23M | $0 | $1.69M | $1.4M | $757K | $0 | $0 | $65K | $56K | $0 |
| Total Long-Term Liabilities | $18.46M | $104.03M | $150.53M | $164.93M | $249.25M | $230.23M | $278M | $339.69M | $279.4M | $757K | $0 | $0 | $83K | $56K | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $1.4M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $131.47M | $120.66M | $160.24M | $168.17M | $271.47M | $257.91M | $329.97M | $384.14M | $329.97M | $375.34M | $203.33M | $346.36M | $359.6M | $249.79M | $176.33M |
| Stockholders' Equity | |||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $778.28M | $694.45M | $649.45M | $652.3M | $653.1M | $658.03M | $737.13M | $828.29M | $828.29M | $1.02B | $1.09B | $1.11B | $1.11B | $760.31M | $779.78M |
| Retained Earnings | -$147.47M | -$143.79M | -$142.05M | -$165.74M | -$114.42M | -$120.07M | -$95.91M | -$649K | -$649K | -$237.06M | -$384.22M | -$309.02M | -$284.99M | -$285.36M | -$333.96M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$85.43M | -$85.43M | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Equity | $630.8M | $550.66M | $507.4M | $486.57M | $538.68M | $537.96M | $641.22M | $742.2M | $742.2M | $780.81M | $709.24M | $801.89M | $829.74M | $474.95M | $445.82M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $762.27M | $671.32M | $667.64M | $654.74M | $810.15M | $795.87M | $971.19M | $1.13B | $1.07B | $1.16B | $912.56M | $1.15B | $1.19B | $724.74M | $622.15M |
| Supplementary Data | |||||||||||||||
| Total Debt | $113.01M | $102M | $149.63M | $164M | $248M | $229M | $278M | $338M | $338M | $320.67M | $190M | $295M | $315.02M | $190M | $0 |
| Net Debt | $110.73M | $98.78M | $149.63M | $159.98M | $244.43M | $227.9M | $276.14M | $336.69M | $275.99M | $315.45M | $188.16M | $293.81M | $314.1M | $189.61M | $0 |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2018 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-02-28 | 2018-02-28 | 2018-02-28 | 2017-02-28 | 2016-02-29 | 2015-02-28 | 2014-02-28 | 2013-02-28 | 2012-02-29 |
| Operating Activities | |||||||||||||||
| Net Income | $38.71M | $44.03M | $69.61M | -$19.74M | $34.38M | $710K | $18.11M | $42.31M | $42.31M | $127.55M | -$42.56M | $27.29M | $51.66M | $63.61M | $18.71M |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $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 |
| Changes in Working Capital: | |||||||||||||||
| Accounts Receivable | -$661K | $1.23M | -$2.9M | -$710K | $210K | $41K | $2.63M | $1.72M | $0 | -$848K | $1.29M | $496K | -$434K | -$551K | $1.3M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | -$631K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $44K | -$33K | $11K | -$183K | $70K | -$405K | $433K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$503K | $424K | -$136K | $355K | $76K | -$1.03M | $385K | $197K | $0 | $417K | -$1.18M | -$125K | -$1.66M | $152K | $0 |
| Total Working Capital Change | -$1.12M | $1.66M | -$3.03M | -$538K | $356K | -$1.39M | $2.81M | $1.92M | $1.92M | -$431K | $116K | $371K | -$2.09M | -$400K | $1.3M |
| Other Non-Cash Items | $2.71M | $6.44M | -$25.42M | $139.88M | -$17.2M | $100.4M | $157.27M | $16.16M | $16.16M | -$199.06M | $198.16M | $47.78M | -$6.85M | -$73.47M | -$13.65M |
| Net Cash from Operating | $40.29M | $52.13M | $41.16M | $119.6M | $17.53M | $99.71M | $178.2M | $60.39M | $60.39M | -$71.95M | $155.72M | $75.44M | $42.72M | -$10.26M | $6.36M |
| Investing Activities | |||||||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$364.9M | -$272.8M | -$204.6M | -$145.22M | -$387.33M | -$511.47M | -$505.77M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $272.05M | $279.2M | $185.89M | $232.66M | $377.47M | $584.86M | $555.95M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $37.41M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | -$92.85M | $6.41M | $18.7M | $87.44M | -$9.87M | $73.38M | $50.18M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Financing Activities | |||||||||||||||
| Debt Repaid | - | - | - | - | - | - | - | -$17.33M | - | - | - | - | - | - | - |
| Common Stock Issuance | $107.74M | $54.03M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | -$28.57M | -$74.86M | -$32.21M | -$32.21M | -$8.48M | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | -$55.59M | $0 | $0 | $0 | $0 | $0 | -$49.42M | $0 | -$46.87M | -$50.04M | -$55.18M | -$41.82M | -$34.48M | $0 |
| Other Financing Activities | $22M | $6.4M | $43 | $70M | $215M | $321M | $373M | $0 | $367M | $130.67M | -$105.01M | -$19.99M | -$1.28M | $45M | $28M |
| Net Cash from Financing | $53.17M | -$49.2M | -$63.14M | -$119.19M | -$14.66M | -$101.69M | -$179.11M | -$64.3M | -$64.3M | $75.32M | -$155.06M | -$75.17M | -$43.1M | $10.52M | -$6.33M |
| Forex Effect | -$1.55M | -$2K | -$10 | -$129 | $97 | -$2K | $4K | -$2K | -$2K | $684 | -$849 | -$5K | $6K | -$7K | $3 |
| Net Change in Cash | -$932K | $2.93M | -$3.73M | $406K | $2.88M | -$1.98M | -$905K | -$3.91M | -$3.91M | $3.38M | $658K | $1.19M | $917K | $389K | $138K |
| Supplementary Data | |||||||||||||||
| Operating Cash Flow | $40.29M | $52.13M | $41.16M | $119.6M | $17.53M | $99.71M | $178.2M | $60.39M | $60.39M | -$71.95M | $155.72M | $75.44M | $42.72M | -$10.26M | $6.36M |
| Capital Expenditure | $0 | -$4 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $40.29M | $52.13M | $41.16M | $119.6M | $17.53M | $99.71M | $178.2M | $60.39M | $60.39M | -$71.95M | $155.72M | $75.44M | $42.72M | -$10.26M | $6.36M |
| Cash at Beginning | $3.22M | $287K | $4.02M | $4.01M | $1.13M | $3.11M | $2.92M | $5.22M | $5.22M | $1.84M | $1.19M | $0 | $0 | $0 | $0 |
| Cash at End | $2.29M | $3.22M | $287K | $4.42M | $4.01M | $1.13M | $2.02M | $1.31M | $1.31M | $5.22M | $1.84M | $1.19M | $917K | $389K | $138K |