Oxford Lane Capital Balance Sheet Health
Financial Health criteria checks 3/6
Oxford Lane Capital has a total shareholder equity of $998.4M and total debt of $476.8M, which brings its debt-to-equity ratio to 47.8%. Its total assets and total liabilities are $1.5B and $501.9M respectively. Oxford Lane Capital's EBIT is $198.5M making its interest coverage ratio 6. It has cash and short-term investments of $27.1M.
Key information
47.8%
Debt to equity ratio
US$476.85m
Debt
Interest coverage ratio | 6x |
Cash | US$27.11m |
Equity | US$998.41m |
Total liabilities | US$501.89m |
Total assets | US$1.50b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OXLC.O's short term assets ($57.4M) exceed its short term liabilities ($25.0M).
Long Term Liabilities: OXLC.O's short term assets ($57.4M) do not cover its long term liabilities ($476.8M).
Debt to Equity History and Analysis
Debt Level: OXLC.O's net debt to equity ratio (45%) is considered high.
Reducing Debt: OXLC.O's debt to equity ratio has reduced from 54% to 47.8% over the past 5 years.
Debt Coverage: OXLC.O's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: OXLC.O's interest payments on its debt are well covered by EBIT (6x coverage).