Olympia Financial Group (TSX:OLY) Cash-to-Debt : 2.61 (As of Sep. 2023)

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What is Olympia Financial Group 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. Olympia Financial Group's cash to debt ratio for the quarter that ended in Sep. 2023 was 2.61.

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, Olympia Financial Group could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

TSX:OLY' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.11 Med: 2.92 Max: No Debt
Current: 2.61

During the past 13 years, Olympia Financial Group's highest Cash to Debt Ratio was No Debt. The lowest was 1.11. And the median was 2.92.

TSX:OLY's Cash-to-Debt is ranked worse than
53.97% of 1475 companies
in the Asset Management industry
Industry Median: 5.39 vs TSX:OLY: 2.61

Olympia Financial Group Cash-to-Debt Historical Data

The historical data trend for Olympia Financial Group'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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Olympia Financial Group Cash-to-Debt Chart

Olympia Financial Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

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3.05

1.60

1.74

1.11

1.32

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
Cash-to-Debt	Get a 7-Day Free Trial															2.35	1.32	2.88	3.15	2.61

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

For the Asset Management subindustry, Olympia Financial Group'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.

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

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

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

Olympia Financial Group 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.

Olympia Financial Group'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)
	=	8.366	/	(5.343	+	1.001)
	=	1.32

Olympia Financial Group's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	12.188	/	(4.039	+	0.623)
	=	2.61

Olympia Financial Group (TSX:OLY) 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.

Olympia Financial Group Cash-to-Debt Related Terms

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Olympia Financial Group (TSX:OLY) Business Description

Industry

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

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.

Olympia Financial Group (TSX:OLY) Headlines

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