Olympic Steel Balance Sheet Health
Financial Health criteria checks 6/6
Olympic Steel has a total shareholder equity of $555.5M and total debt of $190.2M, which brings its debt-to-equity ratio to 34.2%. Its total assets and total liabilities are $984.8M and $429.4M respectively. Olympic Steel's EBIT is $83.3M making its interest coverage ratio 5.2. It has cash and short-term investments of $13.3M.
Key information
34.2%
Debt to equity ratio
US$190.20m
Debt
Interest coverage ratio | 5.2x |
Cash | US$13.28m |
Equity | US$555.48m |
Total liabilities | US$429.36m |
Total assets | US$984.84m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OYS's short term assets ($603.2M) exceed its short term liabilities ($180.2M).
Long Term Liabilities: OYS's short term assets ($603.2M) exceed its long term liabilities ($249.1M).
Debt to Equity History and Analysis
Debt Level: OYS's net debt to equity ratio (31.8%) is considered satisfactory.
Reducing Debt: OYS's debt to equity ratio has reduced from 98.5% to 34.2% over the past 5 years.
Debt Coverage: OYS's debt is well covered by operating cash flow (92.1%).
Interest Coverage: OYS's interest payments on its debt are well covered by EBIT (5.2x coverage).