Reliance Worldwide Balance Sheet Health
Financial Health criteria checks 5/6
Reliance Worldwide has a total shareholder equity of $1.2B and total debt of $418.7M, which brings its debt-to-equity ratio to 33.5%. Its total assets and total liabilities are $2.0B and $800.2M respectively. Reliance Worldwide's EBIT is $197.0M making its interest coverage ratio 6.2. It has cash and short-term investments of $27.2M.
Key information
33.5%
Debt to equity ratio
US$418.73m
Debt
Interest coverage ratio | 6.2x |
Cash | US$27.17m |
Equity | US$1.25b |
Total liabilities | US$800.24m |
Total assets | US$2.05b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0EU's short term assets ($586.0M) exceed its short term liabilities ($196.2M).
Long Term Liabilities: 0EU's short term assets ($586.0M) do not cover its long term liabilities ($604.0M).
Debt to Equity History and Analysis
Debt Level: 0EU's net debt to equity ratio (31.4%) is considered satisfactory.
Reducing Debt: 0EU's debt to equity ratio has reduced from 36.7% to 33.5% over the past 5 years.
Debt Coverage: 0EU's debt is well covered by operating cash flow (72.1%).
Interest Coverage: 0EU's interest payments on its debt are well covered by EBIT (6.2x coverage).