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
We Think Olympic Steel (NASDAQ:ZEUS) Is Taking Some Risk With Its Debt
Sep 29Is Olympic Steel (NASDAQ:ZEUS) A Risky Investment?
Sep 27These 4 Measures Indicate That Olympic Steel (NASDAQ:ZEUS) Is Using Debt Reasonably Well
May 28These 4 Measures Indicate That Olympic Steel (NASDAQ:ZEUS) Is Using Debt Extensively
Dec 27We Think Olympic Steel (NASDAQ:ZEUS) Can Stay On Top Of Its Debt
Jun 02Does Olympic Steel (NASDAQ:ZEUS) Have A Healthy Balance Sheet?
Feb 10Recent updates
Olympic Steel (NASDAQ:ZEUS) Is Increasing Its Dividend To $0.15
Feb 27Here's What To Make Of Olympic Steel's (NASDAQ:ZEUS) Decelerating Rates Of Return
Dec 20We Think Olympic Steel (NASDAQ:ZEUS) Is Taking Some Risk With Its Debt
Sep 29Olympic Steel (NASDAQ:ZEUS) Is Very Good At Capital Allocation
Dec 13Do Olympic Steel's (NASDAQ:ZEUS) Earnings Warrant Your Attention?
Nov 22Is Olympic Steel (NASDAQ:ZEUS) A Risky Investment?
Sep 27Olympic Steel goes ex-dividend tomorrow
Aug 30Olympic Steel: Deep Value Alert, Trading Below Liquidation Value
Aug 05Olympic Steel: Cyclical Stock Surrounded By High Systemic Risks
Jul 21We Ran A Stock Scan For Earnings Growth And Olympic Steel (NASDAQ:ZEUS) Passed With Ease
Jul 19These 4 Measures Indicate That Olympic Steel (NASDAQ:ZEUS) Is Using Debt Reasonably Well
May 28Olympic Steel: Riding The Metals Boom
Apr 25The Trend Of High Returns At Olympic Steel (NASDAQ:ZEUS) Has Us Very Interested
Feb 28These 4 Measures Indicate That Olympic Steel (NASDAQ:ZEUS) Is Using Debt Extensively
Dec 27Olympic Steel (NASDAQ:ZEUS) Is Looking To Continue Growing Its Returns On Capital
Nov 16Olympic Steel - Not Creating Shareholder Value
Oct 12Olympic Steel Prospering On Recovery Demand, But Normalization Could Whipsaw Investors
Aug 11We Think Olympic Steel (NASDAQ:ZEUS) Can Stay On Top Of Its Debt
Jun 02Olympic Steel EPS beats by $0.68, beats on revenue
May 07Will the Promising Trends At Olympic Steel (NASDAQ:ZEUS) Continue?
Mar 10Does Olympic Steel (NASDAQ:ZEUS) Have A Healthy Balance Sheet?
Feb 10Top 5 Stocks Picks For 2021: No. 5 Olympic Steel
Feb 02Financial Position Analysis
Short Term Liabilities: ZEUS's short term assets ($603.2M) exceed its short term liabilities ($180.2M).
Long Term Liabilities: ZEUS's short term assets ($603.2M) exceed its long term liabilities ($249.1M).
Debt to Equity History and Analysis
Debt Level: ZEUS's net debt to equity ratio (31.8%) is considered satisfactory.
Reducing Debt: ZEUS's debt to equity ratio has reduced from 98.5% to 34.2% over the past 5 years.
Debt Coverage: ZEUS's debt is well covered by operating cash flow (92.1%).
Interest Coverage: ZEUS's interest payments on its debt are well covered by EBIT (5.2x coverage).