Oxford Lane Capital Corp. (OXLC) 10-Year Financial Performance & Capital Metrics

OXLC • • Banking & Credit

Financial ServicesAsset ManagementBusiness Development Companies (BDCs)CLO & Structured Credit Investors

AboutOxford Lane Capital Corp. is a close ended fund launched and managed by Oxford Lane Management LLC. It invests in fixed income securities. The fund primarily invests in securitization vehicles which in turn invest in senior secured loans made to companies whose debt is rated below investment grade or is unrated. Oxford Lane Capital Corp was formed on June 9, 2010 and is domiciled in the United States.Show more

Net Interest Income -$25M -45.2%
Total Revenue $96M -65.7%
Net Income $48M -79.4%
Return on Equity 3.1% -87.1%
Net Interest Margin -0.9% +10.5%
Efficiency Ratio 9.24% +123.6%
ROA 2.11% -86.1%
Equity / Assets 68.9% +3.0%
Book Value per Share 21.59 -22.6%
Tangible BV/Share 21.59 -22.6%
Debt/Equity 0.25 +49.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 9.2% efficiency ratio
✓Well capitalized: 68.9% equity/assets
✓Diversified revenue: 86.4% from non-interest income
✓Trading at only 0.7x book value

✗Weaknesses

✗Weak 3Y average ROE of 2.5%
✗Weak Piotroski F-Score: 2/9
✗Weak NIM of -0.9%
✗Weak momentum: RS Rating 17 (bottom 17%)
✗Dividend payout exceeds 100% of earnings
✗Shares diluted 100.0% in last year

Price & Volume

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Growth Metrics

Revenue CAGR

10Y5.55%

5Y-3.76%

3Y-14.31%

TTM-

Profit (Net Income) CAGR

10Y30.7%

5Y-

3Y-27.25%

TTM349.82%

EPS CAGR

10Y-6.47%

5Y-

3Y-55.34%

TTM243.31%

ROCE

10Y Avg1.93%

5Y Avg11.47%

3Y Avg1.62%

Latest2.11%

Peer Comparison

CLO & Structured Credit Investors

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
OXLCGOxford Lane Capital Corp. 7.95% Notes due 2032		25.35	237.14	-67.05%	50.6%	10.15%		0.25
OXLCOxford Lane Capital Corp.	1.45B	14.92	139.57	-65.74%	50.6%	10.15%		0.25
PDPAPearl Diver Credit Company Inc.		25.32	29.79	6.8%	86.65%	13.08%		0.05
ECCUEagle Point Credit Company Inc.		25.20	29.30	-14.94%	69.26%	3.08%		0.29
ECCXEagle Point Credit Company Inc. 6.6875% NT 28	454.98M	25.15	29.24	-14.94%	69.26%	3.08%	22.76%	0.29
ECCFEagle Point Credit Company Inc.		24.93	28.99	-14.94%	69.26%	3.08%		0.29
ECCWEagle Point Credit Company Inc.		24.90	28.95	-14.94%	69.26%	3.08%		0.29
ECCCEagle Point Credit Company Inc.		24.65	28.66	-14.94%	69.26%	3.08%		0.29

Profit & Loss

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Net Interest Income+	0	0	0	0	0	0	-18.13M	-24.55M	-17.55M	-25.47M
NII Growth %	-	-	-	-	-	-	-	-0.35%	0.29%	-0.45%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	0	0	0	0	0	0	3.95M	7.25M	15.31M	12.99M
Interest Expense	0	0	0	0	0	0	22.08M	31.81M	32.86M	38.46M
Loan Loss Provision	15.1M	14.59M	19.38M	23.62M	31.63M	32.12M	0	0	0	0
Non-Interest Income+	35.56M	52.31M	75.44M	86.5M	116M	58.26M	148.27M	-133.88M	264.2M	82.78M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	35.56M	52.31M	75.44M	86.5M	116M	58.26M	152.22M	-126.63M	279.52M	95.77M
Revenue Growth %	-0.36%	0.47%	0.44%	0.15%	0.34%	-0.5%	1.61%	-1.83%	3.21%	-0.66%
Non-Interest Expense	0	0	0	0	0	0	4.27M	12.86M	11.55M	8.85M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	-85.78M	105.2M	39.72M	-20.98M	-275.65M	306.21M	125.88M	-171.29M	235.11M	48.46M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-26.75%	2.23%	-0.62%	-1.53%	-12.14%	2.11%	-0.59%	-2.36%	2.37%	-0.79%
Pretax Income+	-85.78M	105.2M	38.01M	-20.98M	-291.13M	289.93M	125.88M	-171.29M	235.11M	48.46M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	0	0	0	0	0	0	0	0	0	0
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	-85.78M	105.2M	38.01M	-20.98M	-291.13M	289.93M	125.88M	-171.29M	235.11M	48.46M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-26.75%	2.23%	-0.64%	-1.55%	-12.88%	2%	-0.57%	-2.36%	2.37%	-0.79%
Net Income (Continuing)	-85.78M	105.2M	38.01M	-20.98M	-291.13M	289.93M	125.88M	-171.29M	235.11M	48.46M
EPS (Diluted)+	-4.57	4.62	1.49	-0.51	-4.14	3.14	1.20	-1.14	1.12	0.11
EPS Growth %	-22.93%	2.01%	-0.68%	-1.34%	-7.12%	1.76%	-0.62%	-1.95%	1.98%	-0.9%
EPS (Basic)	-22.87	23.12	7.45	-2.55	-20.70	15.70	6.00	-5.70	5.60	0.53
Diluted Shares Outstanding	3.75M	4.55M	5.1M	8.23M	14.06M	18.47M	20.98M	30.05M	41.98M	90.64M

Balance Sheet

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	20.36M	14.02M	20.33M	21.47M	11.66M	90.87M	34.67M	21.74M	42.97M	295.35M
Short Term Investments	0	0	0	0	0	0	0	0	0	0
Total Investments+	0	0	0	0	0	0	0	0	0	0
Investments Growth %	-	-	-	-	-	-	-	-	-	-
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivables	0	0	0	0	0	0	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
PP&E (Net)	0	0	0	0	0	0	0	0	0	0
Other Assets	0	0	0	0	0	0	1.35B	1.29B	1.68B	2.52B
Total Current Assets	0	0	0	0	0	0	61.02M	45.92M	71.44M	320M
Total Non-Current Assets	0	0	0	0	0	0	1.35B	1.29B	1.68B	2.52B
Total Assets+	272.53M	377.12M	514.19M	573.35M	531.94M	934.86M	1.41B	1.34B	1.75B	2.84B
Asset Growth %	-0.31%	0.38%	0.36%	0.12%	-0.07%	0.76%	0.51%	-0.05%	0.31%	0.62%
Return on Assets (ROA)	-0.26%	0.32%	0.09%	-0.04%	-0.53%	0.4%	0.11%	-0.12%	0.15%	0.02%
Accounts Payable	0	0	0	0	0	0	32.64K	32.64K	2.42M	1.45M
Total Debt+	137.03M	133.36M	218.15M	212.83M	254.28M	328.11M	193.58M	194.56M	195.6M	486.92M
Net Debt	116.67M	119.34M	197.81M	191.36M	242.62M	237.24M	158.91M	172.82M	152.62M	191.57M
Long-Term Debt	137.03M	133.36M	151.68M	152.93M	214.17M	305.18M	193.58M	194.56M	195.6M	486.92M
Short-Term Debt	0	0	66.47M	59.9M	40.12M	22.92M	33.54M	0	0	0
Other Liabilities	-137.03M	-133.36M	-151.68M	-152.93M	-214.17M	-305.18M	267.37M	348.3M	381.84M	394.88M
Total Current Liabilities	0	0	0	0	0	0	32.64K	32.64K	2.42M	1.45M
Total Non-Current Liabilities	0	0	0	0	0	0	460.95M	542.86M	577.43M	881.8M
Total Liabilities	140.58M	145.07M	224.26M	219.52M	263.15M	338.61M	460.99M	542.89M	579.85M	883.25M
Total Equity+	131.95M	232.05M	289.93M	353.83M	268.79M	596.25M	947.16M	793.15M	1.17B	1.96B
Equity Growth %	-0.41%	0.76%	0.25%	0.22%	-0.24%	1.22%	0.59%	-0.16%	0.48%	0.67%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	-0.48%	0.58%	0.15%	-0.07%	-0.94%	0.67%	0.16%	-0.2%	0.24%	0.03%
Book Value per Share	35.18	51.00	56.83	43.00	19.11	32.29	45.15	26.39	27.89	21.59
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	283.85M	328.35M	0	0	0	1M	1.44M	1.72M	2.39M	4.53M
Additional Paid-in Capital	0	0	372.85M	473.52M	723.51M	782.88M	1.06B	1.21B	1.54B	2.63B
Retained Earnings	-11.39M	-25.67M	-25.27M	-119.68M	-454.72M	-187.64M	-111.03M	-417.03M	-367.99M	-674.31M
Accumulated OCI	-140.51M	-70.63M	-57.65M	0	0	0	0	0	0	0
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operations+	65.22M	-844.22K	-71.15M	91.56M	122.8M	124.01M	-385.5M	-91.56M	-123.79M	-703.8M
Operating CF Growth %	2.99%	-1.01%	-83.28%	2.29%	0.34%	0.01%	-4.11%	0.76%	-0.35%	-4.69%
Net Income	-85.78M	105.2M	38.01M	-20.98M	-291.13M	289.93M	125.88M	-171.29M	235.11M	48.46M
Depreciation & Amortization	0	0	0	0	0	0	0	0	0	0
Deferred Taxes	0	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	145.06M	-108.71M	-111M	115.85M	413.76M	-161.38M	-507.47M	72.86M	-361.32M	-768.84M
Working Capital Changes	5.94M	2.67M	1.84M	-3.31M	174.17K	-4.54M	-3.91M	6.87M	2.42M	16.59M
Cash from Investing+	-35.5M	0	0	-174.96M	-394.02M	-131.95M	-932.95M	0	0	0
Purchase of Investments	-145.6M	0	0	-504.13M	-497.41M	-375.19M	-1.22B	-543.45M	-597.19M	-1.6B
Sale/Maturity of Investments	1000K	0	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	0	0	0	0	0	0
Other Investing	0	0	0	0	0	0	0	472.86M	546.96M	1.56B
Cash from Financing+	-17.1M	-5.5M	77.46M	84.54M	261.41M	87.14M	329.3M	78.63M	145.03M	956.17M
Dividends Paid	-37.31M	-48.9M	-41.52M	-54.24M	-83.99M	-75.09M	-85.6M	-122.53M	-166.6M	-308.53M
Share Repurchases	-44.82M	-15.31M	-50.5M	0	-30M	-6.38M	0	0	0	0
Stock Issued	65.03M	59.75M	130.44M	138.77M	377.9M	112.29M	314.25M	141.42M	315.16M	1.05B
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	0	0	1000K	0	-1000K	1000K	1000K	1000K	0	1000K
Other Financing	0	-1.04M	-1.09M	0	0	0	-9.49M	-65.35M	-3.54M	-17.87M
Net Change in Cash+	12.63M	-6.35M	6.32M	1.14M	-9.81M	79.2M	-56.19M	-12.93M	21.23M	252.37M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	7.73M	20.36M	14.02M	20.33M	21.47M	11.66M	90.87M	34.67M	21.74M	42.97M
Cash at End	20.36M	14.02M	20.33M	21.47M	11.66M	90.87M	34.67M	21.74M	42.97M	295.35M
Interest Paid	0	0	0	0	0	0	0	0	0	0
Income Taxes Paid	0	0	0	0	0	0	0	0	0	0
Free Cash Flow+	65.22M	-844.22K	-71.15M	91.56M	122.8M	124.01M	-385.5M	-91.56M	-123.79M	-703.8M
FCF Growth %	2.99%	-1.01%	-83.28%	2.29%	0.34%	0.01%	-4.11%	0.76%	-0.35%	-4.69%

Banking Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-48.07%	57.8%	14.56%	-6.52%	-93.52%	67.03%	16.31%	-19.68%	23.94%	3.1%
Return on Assets (ROA)	-25.6%	32.39%	8.53%	-3.86%	-52.68%	39.53%	10.75%	-12.48%	15.23%	2.11%
Net Interest Margin	0%	0%	0%	0%	0%	0%	-1.29%	-1.84%	-1%	-0.9%
Efficiency Ratio	0%	0%	0%	0%	0%	0%	2.8%	-10.15%	4.13%	9.24%
Equity / Assets	48.42%	61.53%	56.39%	61.71%	50.53%	63.78%	67.26%	59.37%	66.88%	68.9%
Book Value / Share	35.18	51	56.83	43	19.11	32.29	45.15	26.39	27.89	21.59
NII Growth	-	-	-	-	-	-	-	-35.45%	28.54%	-45.16%
Dividend Payout	-	-	-	-	-	25.9%	68.01%	-	70.86%	636.69%

Frequently Asked Questions

Valuation & Price

Oxford Lane Capital Corp. (OXLC) has a price-to-earnings (P/E) ratio of 139.6x. This suggests investors expect higher future growth.

Growth & Financials

Oxford Lane Capital Corp. (OXLC) saw revenue decline by 65.7% over the past year.

Yes, Oxford Lane Capital Corp. (OXLC) is profitable, generating $189.2M in net income for fiscal year 2025 (50.6% net margin).

Dividend & Returns

Yes, Oxford Lane Capital Corp. (OXLC) pays a dividend with a yield of 22.81%. This makes it attractive for income-focused investors.

Oxford Lane Capital Corp. (OXLC) has a return on equity (ROE) of 3.1%. This is below average, suggesting room for improvement.

Industry Metrics

Oxford Lane Capital Corp. (OXLC) has a net interest margin (NIM) of -0.9%. NIM has been under pressure due to interest rate environment.

Oxford Lane Capital Corp. (OXLC) has an efficiency ratio of 9.2%. This is excellent, indicating strong cost control.

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