Technical Olympic (ATH:OLYMP) Cash-to-Debt : 2.64 (As of Jun. 2023)

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What is Technical Olympic Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Technical Olympic's cash to debt ratio for the quarter that ended in Jun. 2023 was 2.64.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Technical Olympic could pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

The historical rank and industry rank for Technical Olympic's Cash-to-Debt or its related term are showing as below:

ATH:OLYMP' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.14 Max: 8.15
Current: 2.64

During the past 13 years, Technical Olympic's highest Cash to Debt Ratio was 8.15. The lowest was 0.03. And the median was 0.14.

ATH:OLYMP's Cash-to-Debt is ranked better than
81.06% of 966 companies
in the Transportation industry
Industry Median: 0.48 vs ATH:OLYMP: 2.64

Technical Olympic Cash-to-Debt Historical Data

The historical data trend for Technical Olympic's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Technical Olympic Cash-to-Debt Chart

Technical Olympic Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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0.04

0.10

8.07

2.57

2.24

Technical Olympic Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Cash-to-Debt	Get a 7-Day Free Trial															2.58	2.57	2.09	2.24	2.64

Competitive Comparison of Technical Olympic's Cash-to-Debt

For the Marine Shipping subindustry, Technical Olympic's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt 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.

Technical Olympic's Cash-to-Debt Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Technical Olympic's Cash-to-Debt distribution charts can be found below:

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

Technical Olympic Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Technical Olympic's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	37.221	/	(3.626	+	13.005)
	=	2.24

Technical Olympic's Cash to Debt Ratio for the quarter that ended in Jun. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	38.528	/	(2.406	+	12.173)
	=	2.64

Technical Olympic (ATH:OLYMP) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Technical Olympic Cash-to-Debt Related Terms

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

Technical Olympic (ATH:OLYMP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Technical Olympic SA (ATH:OLYMP) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

20 Solomou Street Alimos, Athens, GRC, 174 56

Website

http://www.techol.gr

Technical Olympic SA is a Greece based company engaged in the fields of homebuilding, construction of public and private projects, tourism, wind power, construction and operation of marinas and real estate development through different companies. The group has business operations in Greece and internationally. The tourist activity is represented by the group owned resort, Porto Carras. The construction activities of the company encompass railroad projects, irrigation projects, telecommunications projects, dams, marinas, harbour and drainage projects and others.

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