Oxford Instruments Balance Sheet Health
Financial Health criteria checks 6/6
Oxford Instruments has a total shareholder equity of £351.6M and total debt of £22.6M, which brings its debt-to-equity ratio to 6.4%. Its total assets and total liabilities are £576.1M and £224.5M respectively. Oxford Instruments's EBIT is £61.5M making its interest coverage ratio -153.8. It has cash and short-term investments of £101.7M.
Key information
6.4%
Debt to equity ratio
UK£22.60m
Debt
Interest coverage ratio | -153.8x |
Cash | UK£101.70m |
Equity | UK£351.60m |
Total liabilities | UK£224.50m |
Total assets | UK£576.10m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OXIGL's short term assets (£316.1M) exceed its short term liabilities (£189.7M).
Long Term Liabilities: OXIGL's short term assets (£316.1M) exceed its long term liabilities (£34.8M).
Debt to Equity History and Analysis
Debt Level: OXIGL has more cash than its total debt.
Reducing Debt: OXIGL's debt to equity ratio has reduced from 17.4% to 6.4% over the past 5 years.
Debt Coverage: OXIGL's debt is well covered by operating cash flow (183.6%).
Interest Coverage: OXIGL earns more interest than it pays, so coverage of interest payments is not a concern.