Oxford Lane Capital (Oxford Lane Capital) Cash-to-Debt : 0.14 (As of Sep. 2023)

View and export this data going back to 2011. Start your Free Trial

What is Oxford Lane Capital Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Oxford Lane Capital's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.14.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Oxford Lane Capital couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for Oxford Lane Capital's Cash-to-Debt or its related term are showing as below:

OXLC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.11 Med: 0.72 Max: No Debt
Current: 0.14

During the past 10 years, Oxford Lane Capital's highest Cash to Debt Ratio was No Debt. The lowest was 0.11. And the median was 0.72.

OXLC's Cash-to-Debt is ranked worse than
80.68% of 1475 companies
in the Asset Management industry
Industry Median: 5.39 vs OXLC: 0.14

Oxford Lane Capital Cash-to-Debt Historical Data

The historical data trend for Oxford Lane Capital's Cash-to-Debt can be seen below:

* 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

* Premium members only.

Oxford Lane Capital Cash-to-Debt Chart

Oxford Lane Capital Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

Get a 7-Day Free Trial

0.51

0.29

0.94

0.18

0.11

Oxford Lane Capital Semi-Annual Data
	Mar14	Mar15	Sep15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial													0.71	0.18	0.24	0.11	0.14

Competitive Comparison of Oxford Lane Capital's Cash-to-Debt

For the Asset Management subindustry, Oxford Lane Capital's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Oxford Lane Capital's Cash-to-Debt Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Oxford Lane Capital's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Oxford Lane Capital's Cash-to-Debt falls into.

Oxford Lane Capital Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Oxford Lane Capital's Cash to Debt Ratio for the fiscal year that ended in Mar. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	21.74	/	(0	+	194.564)
	=	0.11

Oxford Lane Capital's Cash to Debt Ratio for the quarter that ended in Sep. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	27.106	/	(0	+	195.08)
	=	0.14

Oxford Lane Capital (NAS:OXLC) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Oxford Lane Capital Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Oxford Lane Capital's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Oxford Lane Capital (Oxford Lane Capital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Oxford Lane Capital Corp (NAS:OXLC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

OXLCP.PFD:USA OXLCM.PFD:USA

Address

8 Sound Shore Drive, Suite 255, Greenwich, CT, USA, 06830

Website

https://www.oxfordlanecapital.com

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