Olympic Steel Inc (ZEUS)
Debt-to-assets ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 190,198 | 196,527 | 238,240 | 258,765 | 165,658 | 244,200 | 287,880 | 311,185 | 327,764 | 297,880 | 268,975 | 191,903 | 160,609 | 171,299 | 196,946 | 209,052 | 192,925 | 223,004 | 264,649 | 313,269 |
| Total assets | US$ in thousands | 984,835 | 992,806 | 1,013,980 | 1,026,790 | 891,627 | 1,036,980 | 1,086,120 | 1,043,700 | 1,023,570 | 1,043,700 | 887,689 | 738,359 | 1,023,570 | 619,303 | 643,135 | 677,967 | 649,555 | 698,743 | 724,405 | 799,362 |
| Debt-to-assets ratio | 0.19 | 0.20 | 0.23 | 0.25 | 0.19 | 0.24 | 0.27 | 0.30 | 0.32 | 0.29 | 0.30 | 0.26 | 0.16 | 0.28 | 0.31 | 0.31 | 0.30 | 0.32 | 0.37 | 0.39 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $190,198K ÷ $984,835K
= 0.19
The debt-to-assets ratio of Olympic Steel Inc. has shown a fluctuating trend over the past eight quarters. In Q4 2023, the ratio was 0.19, indicating that for every dollar of assets the company had, it owed $0.19 in debt. This ratio remained relatively stable compared to the previous quarter at 0.20.
Looking back over the past year, the company started Q1 2023 with a ratio of 0.25, which was the highest in the period analyzed. Since then, there has been a gradual decrease in the ratio, with Q2 2023 and Q3 2023 recording 0.23 and 0.20, respectively. Q4 2022 also had a ratio of 0.19, similar to the latest quarter.
Overall, Olympic Steel Inc.'s debt-to-assets ratio has displayed some variability, with a general downward trend observed in recent quarters. This suggests that the company has been managing its debt levels in relation to its asset base, potentially indicating improved financial health and lower risk associated with debt obligations. However, it is important to continue monitoring this ratio to assess the company's long-term financial sustainability.
Peer comparison
Dec 31, 2023