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
OXLC And ECC: Is The Massive Dividend Yield Worth The Risk?
Mar 07Still Bearish On Oxford Lane Capital's Insane Yield
Jan 23I'm Betting On America With 18% Yields: OXLC
Jan 14Oxford Lane Capital: Don't Buy Until You See Massive Panic (Technical Analysis)
Oct 14Oxford Lane Capital boosts NAV estimate again in August
Sep 07Oxford Lane Capital: Look Beyond The Yield
Aug 23Oxford Lane Capital Core NII of $0.55, Total investment income of $63.5M
Aug 02Oxford Lane Capital goes ex dividend tomorrow
Jul 13OXLC: A Bad Setup For Income Investors
Jun 08Oxford Lane Capital: Strong Cash Flow From An Exciting Quarter
May 10Oxford Lane Capital: My Favorite CEF For 2022
Feb 22Top Pick For 2022: OXLC, Yield 12%
Dec 17Oxford Lane Capital: The Rest Of The Story ('Business Value' Versus 'Paper Value')
Dec 10Oxford Lane Capital estimates NAV rose at least 7.4% in January
Feb 04Oxford Lane Capital earnings climb, NAV drives up in Q3
Feb 01Oxford Lane Capital: Take The Money And Run
Dec 13Oxford Lane Capital provides October 2020 NAV update
Nov 05Oxford Lane Capital reports Q3 results
Nov 02Financial Position Analysis
Short Term Liabilities: OXLC's short term assets ($57.4M) exceed its short term liabilities ($25.0M).
Long Term Liabilities: OXLC's short term assets ($57.4M) do not cover its long term liabilities ($476.8M).
Debt to Equity History and Analysis
Debt Level: OXLC's net debt to equity ratio (45%) is considered high.
Reducing Debt: OXLC's debt to equity ratio has reduced from 54% to 47.8% over the past 5 years.
Debt Coverage: OXLC's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: OXLC's interest payments on its debt are well covered by EBIT (6x coverage).