Technical Olympic (ATH:OLYMP) Debt-to-Equity : 0.08 (As of Jun. 2023)

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What is Technical Olympic Debt-to-Equity?

Technical Olympic's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was €2.41 Mil. Technical Olympic's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was €12.17 Mil. Technical Olympic's Total Stockholders Equity for the quarter that ended in Jun. 2023 was €179.10 Mil. Technical Olympic's debt to equity for the quarter that ended in Jun. 2023 was 0.08.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Technical Olympic's Debt-to-Equity or its related term are showing as below:

ATH:OLYMP' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.1 Max: 0.17
Current: 0.08

During the past 13 years, the highest Debt-to-Equity Ratio of Technical Olympic was 0.17. The lowest was 0.06. And the median was 0.10.

ATH:OLYMP's Debt-to-Equity is ranked better than
90.59% of 882 companies
in the Transportation industry
Industry Median: 0.57 vs ATH:OLYMP: 0.08

Technical Olympic Debt-to-Equity Historical Data

The historical data trend for Technical Olympic's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Technical Olympic Debt-to-Equity Chart

Technical Olympic Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

Get a 7-Day Free Trial

0.12

0.06

0.13

0.10

Technical Olympic Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-Equity	Get a 7-Day Free Trial															0.17	0.13	0.11	0.10	0.08

Competitive Comparison of Technical Olympic's Debt-to-Equity

For the Marine Shipping subindustry, Technical Olympic's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Technical Olympic's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Technical Olympic's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Technical Olympic's Debt-to-Equity falls into.

Technical Olympic Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Technical Olympic's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(3.626	+	13.005)	/	175.983
	=	0.09

Technical Olympic's Debt to Equity Ratio for the quarter that ended in Jun. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(2.406	+	12.173)	/	179.098
	=	0.08

Technical Olympic (ATH:OLYMP) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Technical Olympic Debt-to-Equity Related Terms

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Technical Olympic (ATH:OLYMP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Technical Olympic SA (ATH:OLYMP) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

20 Solomou Street Alimos, Athens, GRC, 174 56

Website

http://www.techol.gr

Technical Olympic SA is a Greece based company engaged in the fields of homebuilding, construction of public and private projects, tourism, wind power, construction and operation of marinas and real estate development through different companies. The group has business operations in Greece and internationally. The tourist activity is represented by the group owned resort, Porto Carras. The construction activities of the company encompass railroad projects, irrigation projects, telecommunications projects, dams, marinas, harbour and drainage projects and others.

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