Olympic Steel (FRA:OYS) Debt-to-Equity : 0.41 (As of Mar. 2024)

View and export this data going back to 2008. Start your Free Trial

What is Olympic Steel Debt-to-Equity?

Olympic Steel's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €7 Mil. Olympic Steel's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was €205 Mil. Olympic Steel's Total Stockholders Equity for the quarter that ended in Mar. 2024 was €518 Mil. Olympic Steel's debt to equity for the quarter that ended in Mar. 2024 was 0.41.

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 Olympic Steel's Debt-to-Equity or its related term are showing as below:

FRA:OYS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.38 Med: 0.74 Max: 1.11
Current: 0.41

During the past 13 years, the highest Debt-to-Equity Ratio of Olympic Steel was 1.11. The lowest was 0.38. And the median was 0.74.

FRA:OYS's Debt-to-Equity is ranked better than
50.72% of 558 companies
in the Steel industry
Industry Median: 0.415 vs FRA:OYS: 0.41

Olympic Steel Debt-to-Equity Historical Data

The historical data trend for Olympic Steel'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.

Olympic Steel Debt-to-Equity Chart

Olympic Steel Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.71

0.62

0.84

0.38

0.41

Olympic Steel Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.56	0.51	0.42	0.41	0.41

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

For the Steel subindustry, Olympic Steel'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.

Olympic Steel's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Olympic Steel's Debt-to-Equity distribution charts can be found below:

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

Olympic Steel Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Olympic Steel's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(7.165	+	199.41)	/	509.373
	=	0.41

Olympic Steel's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(7.163	+	204.713)	/	517.946
	=	0.41

Olympic Steel (FRA:OYS) 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.

Olympic Steel Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Olympic Steel's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Olympic Steel (FRA:OYS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Olympic Steel Inc (FRA:OYS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ZEUS:USA OYS:Germany

Address

22901 Millcreek Boulevard, Suite 650, Highland Hills, OH, USA, 44122

Website

https://www.olysteel.com

Olympic Steel Inc provides metals processing and distribution services in the United States. The company operates in three reportable segments; specialty metals flat products, carbon flat products, and tubular and pipe products. It specializes in the processing and distribution of large volumes of carbon, aluminum, and stainless steel flat-rolled sheet, coils, plates, bars, and fabricated parts. The group serves various industries such as industrial machinery and equipment manufacturers, automobile manufacturers and suppliers, and transportation equipment manufacturers. The company generates majority of the revenue from carbon flat products.

Olympic Steel (FRA:OYS) Headlines

No Headlines