Olympic Steel Inc (ZEUS)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 555,478 | 549,321 | 538,463 | 524,551 | 515,968 | 512,655 | 499,559 | 462,786 | 424,439 | 512,655 | 353,820 | 323,775 | 424,439 | 298,835 | 299,938 | 306,392 | 308,352 | 308,648 | 308,463 | 309,200 |
| Debt-to-capital ratio | 0.26 | 0.26 | 0.31 | 0.33 | 0.24 | 0.32 | 0.37 | 0.40 | 0.44 | 0.37 | 0.43 | 0.37 | 0.27 | 0.36 | 0.40 | 0.41 | 0.38 | 0.42 | 0.46 | 0.50 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $190,198K ÷ ($190,198K + $555,478K)
= 0.26
The debt-to-capital ratio of Olympic Steel Inc. has shown fluctuations over the past eight quarters. The ratio was relatively stable in Q4 2023 and Q3 2023, standing at 0.26. Prior to this, there was a slight increase in Q2 2023 to 0.31, followed by a further rise in Q1 2023 to 0.33.
Comparing the latest ratios to those from a year ago, Q4 2022 had a lower debt-to-capital ratio of 0.24. However, there was an increase in Q3 2022 to 0.32, and a more significant rise in Q2 2022 to 0.37, with the highest ratio recorded in Q1 2022 at 0.40.
The trend indicates that Olympic Steel Inc. has been managing its debt relative to its capital structure, with some fluctuations seen in the ratio. The increase in the ratio from Q4 2022 to Q1 2023 may suggest an increase in debt or a decrease in capital over this period. It is important for stakeholders to closely monitor these changes to assess the company's financial health and leverage levels.
Peer comparison
Dec 31, 2023