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  "documentTitle": "Main Street Capital | Investor Presentation Deck | 49 slides",
  "authorId": "main-street-capital",
  "authorName": "Main Street Capital Corporation",
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  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2024-02-01 00:00:00",
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  "pageNumber": 37,
  "pageCount": 49,
  "prevPage": 36,
  "nextPage": 38,
  "slideType": "peer_benchmark",
  "function": "compare_peers",
  "density": "balanced",
  "nDataPoints": 5,
  "notes": "The chart highlights MAIN's cost efficiency by showing both total and non-cash compensation-adjusted expense ratios.",
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de076-e021-75cc-9227-680b6c3b85ab/37",
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      "kind": "chart",
      "text": "Operating Expenses as a Percentage of Total Assets",
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      "kind": "subtitle",
      "text": "(1) Total expenses excluding interest expense (2) Based upon the year ended December 31, 2023 (3) Based upon the year ended December 31, 2023, excluding non-cash compensation expenses...",
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      "kind": "title",
      "text": "MAIN Maintains a Significant Operating Cost Advantage",
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      "evidence": "Comparing MAIN's operating expenses against peer groups (BDCs and Commercial Banks).",
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      "arcName": "The Sequoia Pitch",
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      "beatName": "Financials",
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      "evidence": "The document presents MAIN's financial performance, including income statement, balance sheet, and liquidity and capitalization.",
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      "bestFor": "Performance improvement, competitive analysis, target setting",
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      "evidence": "The document presents a comparison of MAIN's operating costs to those of its peers.",
      "position": 0,
      "objective": "To highlight MAIN's operating cost advantage compared to peers.",
      "structure": "Our Performance -> Industry Average -> Best-in-Class -> The Gap = The Opportunity",
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      "description": "Compare performance against best-in-class to quantify the opportunity"
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