Oxford Lane Capital Balance Sheet Health
Financial Health criteria checks 3/6
Oxford Lane Capital has a total shareholder equity of $1.2B and total debt of $478.1M, which brings its debt-to-equity ratio to 40.8%. Its total assets and total liabilities are $1.8B and $579.9M respectively. Oxford Lane Capital's EBIT is $219.4M making its interest coverage ratio 6.7. It has cash and short-term investments of $43.0M.
Key information
40.8%
Debt to equity ratio
US$478.06m
Debt
Interest coverage ratio | 6.7x |
Cash | US$42.97m |
Equity | US$1.17b |
Total liabilities | US$579.85m |
Total assets | US$1.75b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 4RQ0's short term assets ($71.7M) do not cover its short term liabilities ($101.8M).
Long Term Liabilities: 4RQ0's short term assets ($71.7M) do not cover its long term liabilities ($478.1M).
Debt to Equity History and Analysis
Debt Level: 4RQ0's net debt to equity ratio (37.2%) is considered satisfactory.
Reducing Debt: 4RQ0's debt to equity ratio has reduced from 55.2% to 40.8% over the past 5 years.
Debt Coverage: 4RQ0's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 4RQ0's interest payments on its debt are well covered by EBIT (6.7x coverage).