What is Oxford Lane Capital Financial Strength?
Oxford Lane Capital has the Financial Strength Rank of 4.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:
1. The debt burden that the company has as measured by its
Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3.
Altman Z-Score.
GuruFocus does not calculate Oxford Lane Capital's interest coverage with the available data.
Oxford Lane Capital's debt to revenue ratio for the quarter that ended in Sep. 2023 was 0.80.
Altman Z-Score does not apply to banks and insurance companies.
Oxford Lane Capital Financial Strength Calculation
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
Oxford Lane Capital's Interest Expense for the
months ended in Sep. 2023 was $-16.4 Mil. Its Operating Income for the
months ended in Sep. 2023 was $0.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $195.1 Mil.
Oxford Lane Capital's Interest Coverage for the quarter that ended in Sep. 2023 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Oxford Lane Capital's Debt to Revenue Ratio for the quarter that ended in Sep. 2023 is
3. Altman Z-Score.
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
Altman Z-Score does not apply to banks and insurance companies.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Oxford Lane Capital (Oxford Lane Capital) Business Description
Traded in Other Exchanges
Address
8 Sound Shore Drive, Suite 255, Greenwich, CT, USA, 06830
Oxford Lane Capital Corp is a non-diversified closed-end management investment company. The fund's investment objective is to maximize its portfolio's risk-adjusted total return over its investment horizon. Its current focus is to seek that return by investing in equity and junior tranches of CLO(collateralized loan obligation) vehicles, which are collateralized primarily by a diverse portfolio of senior loans, and which generally have little to no exposure to real estate loans, mortgage loans or pools of consumer-based debt, such as credit card receivables or auto loans. Its investment strategy also includes investing in warehouse facilities, which are financing structures intended to aggregate senior loans that may be used to form the basis of a CLO vehicle.
Executives
| Mark Jeffrey Ashenfelter |
director |
C/O OXFORD LANE CAPITAL CORP., 8 SOUND SHORE DRIVE, SUITE 255, GREENWICH CT 06830 |
| Wilton Reassurance Co |
10 percent owner |
20 GLOVER AVENUE, NORWALK CT 06850 |
| Eagle Point Credit Management Llc |
10 percent owner |
600 STEAMBOAT RD, SUITE 202, GREENWICH CT 06830 |
| Thomas P. Majewski |
10 percent owner |
600 STEAMBOAT RD, SUITE 202, GREENWICH CT 06830 |
| Eagle Point Dif Gp I Llc |
10 percent owner |
600 STEAMBOAT ROAD, SUITE 202, GREENWICH CT 06830 |
| Eagle Point Credit Gp I Lp |
10 percent owner |
600 STEAMBOAT RD, SUITE 202, GREENWICH CT 06830 |
| Saul B Rosenthal |
director, officer: President |
8 SOUND SHORE DR STE 215, GREENWICH CT 06830 |
| John Stuart Reardon |
director |
C/O OXFORD LANE CAPITAL CORP., 8 SOUND SHORE DRIVE, SUITE 255, GREENWICH CT 06830 |
| David S. Shin |
director |
C/O OXFORD LANE CAPITAL CORP., 8 SOUND SHORE DRIVE, SUITE 255, GREENWICH CT 06830 |
| Bruce L. Rubin |
officer: CFO, SEC, TREAS |
TICC CAPITAL CORP., 8 SOUND SHORE DRIVE, SUITE 255, GREENWICH CT 06830 |
| Gerald Cummins |
officer: Chief Compliance Officer |
C/O OXFORD LANE CAPITAL CORP., 8 SOUND SHORE DRIVE, SUITE 255, GREENWICH CT 06830 |
| Leroy Scott Frantz |
10 percent owner |
C/O HAEBLER CAPITAL, 8 SOUND SHORE DRIVE, GREENWICH CT 06830 |
| Patrick Conroy |
officer: CFO, CCO and Secretary |
8 SOUND SHORE DRIVE STE 215, GREENWICH CT 06830 |
| Jonathan H Cohen |
director, officer: Chief Executive Officer |
8 SOUND SHORE DR STE 215, GREENWICH CT 06830 |
| Charles M Royce |
10 percent owner |
C/O ROYCE & ASSOCIATES, LLC, 745 FIFTH AVENUE, NEW YORK NY 10151 |
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