Olympia Financial Group (TSX:OLY) Debt-to-Equity : 0.14 (As of Sep. 2023)

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What is Olympia Financial Group Debt-to-Equity?

Olympia Financial Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$4.04 Mil. Olympia Financial Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.62 Mil. Olympia Financial Group's Total Stockholders Equity for the quarter that ended in Sep. 2023 was C$33.11 Mil. Olympia Financial Group's debt to equity for the quarter that ended in Sep. 2023 was 0.14.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Olympia Financial Group's Debt-to-Equity or its related term are showing as below:

TSX:OLY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.14 Med: 0.39 Max: 0.74
Current: 0.14

During the past 13 years, the highest Debt-to-Equity Ratio of Olympia Financial Group was 0.74. The lowest was 0.14. And the median was 0.39.

TSX:OLY's Debt-to-Equity is ranked better than
59.92% of 1018 companies
in the Asset Management industry
Industry Median: 0.19 vs TSX:OLY: 0.14

Olympia Financial Group Debt-to-Equity Historical Data

The historical data trend for Olympia Financial Group's Debt-to-Equity 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.

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Olympia Financial Group Debt-to-Equity Chart

Olympia Financial Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.28

0.47

0.32

0.74

0.25

Olympia Financial Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.28	0.25	0.24	0.21	0.14

Competitive Comparison of Olympia Financial Group's Debt-to-Equity

For the Asset Management subindustry, Olympia Financial Group's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.

Olympia Financial Group's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Olympia Financial Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Olympia Financial Group's Debt-to-Equity falls into.

Olympia Financial Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Olympia Financial Group's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(5.343	+	1.001)	/	25.323
	=	0.25

Olympia Financial Group's Debt to Equity Ratio for the quarter that ended in Sep. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(4.039	+	0.623)	/	33.111
	=	0.14

Olympia Financial Group (TSX:OLY) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Olympia Financial Group Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Olympia Financial Group's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Olympia Financial Group (TSX:OLY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Olympia Financial Group Inc (TSX:OLY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

4000, 520 - 3rd Avenue SW, Calgary, AB, CAN, T2P 0R3

Website

https://www.olympiafinancial.com

Olympia Financial Group Inc is engaged in providing financial services. The company's operating segments are Private Health Services Plan division which markets, sells and administers health and dental benefits to business owners; Investment Account Services division specializes in registered account administration; The Currency and Global Payments division provides corporations and private clients a personalized service for buying and selling foreign currencies; The Exempt Edge division is focused on Onboarding fees; The Corporate and Shareholder Services division, which acts as a cost centre and the Corporate Division.

Executives

Rick Skauge

10% Security Holder, Director, Senior Officer

Olympia Financial Group (TSX:OLY) Headlines

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