Olympia Financial Group Balance Sheet Health
Financial Health criteria checks 6/6
Olympia Financial Group has a total shareholder equity of CA$40.2M and total debt of CA$1.8M, which brings its debt-to-equity ratio to 4.5%. Its total assets and total liabilities are CA$53.9M and CA$13.7M respectively. Olympia Financial Group's EBIT is CA$31.5M making its interest coverage ratio 786.7. It has cash and short-term investments of CA$15.7M.
Key information
4.5%
Debt to equity ratio
CA$1.79m
Debt
| Interest coverage ratio | 786.7x |
| Cash | CA$15.72m |
| Equity | CA$40.24m |
| Total liabilities | CA$13.66m |
| Total assets | CA$53.90m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: OLYF.F's short term assets (CA$45.0M) exceed its short term liabilities (CA$13.5M).
Long Term Liabilities: OLYF.F's short term assets (CA$45.0M) exceed its long term liabilities (CA$137.0K).
Debt to Equity History and Analysis
Debt Level: OLYF.F has more cash than its total debt.
Reducing Debt: OLYF.F's debt to equity ratio has reduced from 50.6% to 4.5% over the past 5 years.
Debt Coverage: OLYF.F's debt is well covered by operating cash flow (1311.3%).
Interest Coverage: OLYF.F's interest payments on its debt are well covered by EBIT (786.7x coverage).