Technical Olympic Balance Sheet Health
Financial Health criteria checks 6/6
Technical Olympic has a total shareholder equity of €194.2M and total debt of €9.2M, which brings its debt-to-equity ratio to 4.8%. Its total assets and total liabilities are €229.6M and €35.3M respectively. Technical Olympic's EBIT is €2.6M making its interest coverage ratio -0.5. It has cash and short-term investments of €35.0M.
Key information
4.8%
Debt to equity ratio
€9.23m
Debt
| Interest coverage ratio | -0.5x |
| Cash | €34.98m |
| Equity | €194.21m |
| Total liabilities | €35.34m |
| Total assets | €229.55m |
Recent financial health updates
Technical Olympic (ATH:OLYMP) Could Easily Take On More Debt
Jun 10
We're Interested To See How Technical Olympic (ATH:OLYMP) Uses Its Cash Hoard To Grow
Aug 14We Think Technical Olympic (ATH:OLYMP) Can Easily Afford To Drive Business Growth
Mar 16Companies Like Technical Olympic (ATH:OLYMP) Can Afford To Invest In Growth
Nov 28
Recent updates
Technical Olympic's (ATH:OLYMP) Performance Is Even Better Than Its Earnings Suggest
Oct 07Technical Olympic (ATH:OLYMP) Could Easily Take On More Debt
Jun 10We're Interested To See How Technical Olympic (ATH:OLYMP) Uses Its Cash Hoard To Grow
Aug 14We Think Technical Olympic (ATH:OLYMP) Can Easily Afford To Drive Business Growth
Mar 16Companies Like Technical Olympic (ATH:OLYMP) Can Afford To Invest In Growth
Nov 28Financial Position Analysis
Short Term Liabilities: OLYMP's short term assets (€66.1M) exceed its short term liabilities (€16.2M).
Long Term Liabilities: OLYMP's short term assets (€66.1M) exceed its long term liabilities (€19.1M).
Debt to Equity History and Analysis
Debt Level: OLYMP has more cash than its total debt.
Reducing Debt: OLYMP's debt to equity ratio has reduced from 8.3% to 4.8% over the past 5 years.
Debt Coverage: OLYMP's debt is well covered by operating cash flow (27%).
Interest Coverage: OLYMP earns more interest than it pays, so coverage of interest payments is not a concern.