Olympic Steel Inc (ZEUS)

Solvency ratios

	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
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
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
Debt-to-equity ratio	0.34	0.36	0.44	0.49	0.32	0.48	0.58	0.67	0.77	0.58	0.76	0.59	0.38	0.57	0.66	0.68	0.63	0.72	0.86	1.01
Financial leverage ratio	1.77	1.81	1.88	1.96	1.73	2.02	2.17	2.26	2.41	2.04	2.51	2.28	2.41	2.07	2.14	2.21	2.11	2.26	2.35	2.59

Solvency ratios are essential metrics used to evaluate a company's ability to meet its long-term financial obligations. In the case of Olympic Steel Inc., we analyze the debt-to-assets ratio, debt-to-capital ratio, debt-to-equity ratio, and financial leverage ratio to assess its solvency position.

Looking at the trend over the past quarters, Olympic Steel's debt-to-assets ratio has fluctuated between 0.19 and 0.30. This ratio indicates the proportion of the company's assets funded by debt, with lower values suggesting a stronger financial position. The decreasing trend in this ratio over the quarters indicates a better utilization of assets and a reduced reliance on debt to finance operations.

The debt-to-capital ratio, which measures the proportion of the company's capital that is debt, has also shown a fluctuating trend from 0.24 to 0.40. A lower ratio is generally preferred as it signifies less financial risk. Olympic Steel's ratio has been volatile, indicating potential variations in its capital structure and debt obligations.

The debt-to-equity ratio reflects the company's leverage and financial risk. Olympic Steel's ratio has ranged from 0.32 to 0.67 over the quarters, indicating a moderate to high level of leverage. An increasing trend in this ratio implies a higher reliance on debt financing compared to equity, which can increase financial risk and interest obligations.

Lastly, the financial leverage ratio shows how much the company is leveraged through debt. Olympic Steel's ratio has fluctuated between 1.73 and 2.26, suggesting varying levels of financial risk and dependency on debt to support operations. A higher financial leverage ratio indicates a greater reliance on debt financing and potentially higher interest expenses.

Overall, Olympic Steel Inc.'s solvency ratios show fluctuations over the quarters, with varying levels of leverage and debt utilization. It is essential for investors and stakeholders to closely monitor these ratios to assess the company's ability to meet its long-term financial obligations and manage financial risks effectively.

Coverage ratios

	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
Interest coverage	—	270.88	286.76	449.08	2,026.47	4,272.45	4,565.04	3,344.81	2,429.11	1,555.57	975.73	434.51	10.61	-94.55	5.06	522.58	1,107.33	5.58	5.37	5.84

It appears that the table provided does not contain any specific data related to Olympic Steel Inc.'s interest coverage ratio for the indicated quarters. In order to perform a comprehensive analysis of interest coverage for the company, it is essential to have the necessary financial figures such as operating income and interest expenses for each quarter. Without this data, it is not possible to calculate or interpret the interest coverage ratio for Olympic Steel Inc.

It is recommended to acquire the relevant financial information, including operating income and interest expenses, from the company's financial statements in order to calculate the interest coverage ratio accurately and assess the company's ability to meet its interest obligations.