Olympic Steel Inc (ZEUS)
Interest coverage
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 77,671 | 133,747 | 172,466 | 573 | 16,610 |
| Interest expense | US$ in thousands | 157 | 67 | 71 | 54 | 15 |
| Interest coverage | 494.72 | 1,996.22 | 2,429.10 | 10.61 | 1,107.33 |
December 31, 2023 calculation
Interest coverage = EBIT ÷ Interest expense
= $77,671K ÷ $157K
= 494.72
Based on the data provided, it appears that the interest coverage ratio for Olympic Steel Inc. is not available for the years 2019 to 2023. The lack of information on interest coverage makes it challenging to assess the company's ability to meet its interest obligations using its earnings before interest and taxes (EBIT). It is important for investors and analysts to have access to this ratio to evaluate the company's financial health and its capacity to service its debt. Going forward, obtaining this information will be crucial for a more in-depth analysis of Olympic Steel Inc.'s financial performance.
Peer comparison
Dec 31, 2023