OFS Capital Balance Sheet Health
Financial Health criteria checks 2/6
OFS Capital has a total shareholder equity of $162.0M and total debt of $299.7M, which brings its debt-to-equity ratio to 185%. Its total assets and total liabilities are $469.8M and $307.8M respectively. OFS Capital's EBIT is $39.6M making its interest coverage ratio 2. It has cash and short-term investments of $45.3M.
Key information
185.0%
Debt to equity ratio
US$299.73m
Debt
| Interest coverage ratio | 2x |
| Cash | US$45.35m |
| Equity | US$162.00m |
| Total liabilities | US$307.81m |
| Total assets | US$469.82m |
Recent financial health updates
No updates
Recent updates
OFS Capital goes ex-dividend tomorrow
Sep 21OFS Capital: High Yield Small-Cap Gem
Aug 29OFS Capital Q2 2022 Earnings Preview
Aug 04OFS Capital: Sizing Up This 9% Yield Play
Jun 01OFS Capital provides Q4 prelims, Q/Q growth in NAV
Feb 01OFS Capital: 10% Yield, Trading Below Fair Value, With Insider Buying
Dec 01OFS Capital NII in-line, misses on revenue
Nov 06Financial Position Analysis
Short Term Liabilities: OFS's short term assets ($48.4M) exceed its short term liabilities ($7.8M).
Long Term Liabilities: OFS's short term assets ($48.4M) do not cover its long term liabilities ($300.0M).
Debt to Equity History and Analysis
Debt Level: OFS's net debt to equity ratio (157%) is considered high.
Reducing Debt: OFS's debt to equity ratio has increased from 145.6% to 185% over the past 5 years.
Debt Coverage: OFS's debt is well covered by operating cash flow (27.2%).
Interest Coverage: OFS's interest payments on its debt are not well covered by EBIT (2x coverage).