Olympia Financial Group Balance Sheet Health
Financial Health criteria checks 6/6
Olympia Financial Group has a total shareholder equity of CA$38.3M and total debt of CA$3.6M, which brings its debt-to-equity ratio to 9.3%. Its total assets and total liabilities are CA$58.2M and CA$19.9M respectively. Olympia Financial Group's EBIT is CA$32.2M making its interest coverage ratio 805.9. It has cash and short-term investments of CA$25.4M.
Key information
9.3%
Debt to equity ratio
CA$3.57m
Debt
| Interest coverage ratio | 805.9x |
| Cash | CA$25.38m |
| Equity | CA$38.29m |
| Total liabilities | CA$19.88m |
| Total assets | CA$58.18m |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: OLYF.F's short term assets (CA$50.3M) exceed its short term liabilities (CA$19.6M).
Long Term Liabilities: OLYF.F's short term assets (CA$50.3M) exceed its long term liabilities (CA$248.9K).
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 54.9% to 9.3% over the past 5 years.
Debt Coverage: OLYF.F's debt is well covered by operating cash flow (679.2%).
Interest Coverage: OLYF.F's interest payments on its debt are well covered by EBIT (805.9x coverage).