Russel Metals Balance Sheet Health
Financial Health criteria checks 6/6
Russel Metals has a total shareholder equity of CA$1.6B and total debt of CA$149.1M, which brings its debt-to-equity ratio to 9.3%. Its total assets and total liabilities are CA$2.5B and CA$879.5M respectively. Russel Metals's EBIT is CA$244.1M making its interest coverage ratio 55.5. It has cash and short-term investments of CA$222.3M.
Key information
9.3%
Debt to equity ratio
CA$149.10m
Debt
Interest coverage ratio | 55.5x |
Cash | CA$222.30m |
Equity | CA$1.60b |
Total liabilities | CA$879.50m |
Total assets | CA$2.48b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RMZ's short term assets (CA$1.7B) exceed its short term liabilities (CA$519.6M).
Long Term Liabilities: RMZ's short term assets (CA$1.7B) exceed its long term liabilities (CA$359.9M).
Debt to Equity History and Analysis
Debt Level: RMZ has more cash than its total debt.
Reducing Debt: RMZ's debt to equity ratio has reduced from 58.9% to 9.3% over the past 5 years.
Debt Coverage: RMZ's debt is well covered by operating cash flow (256.9%).
Interest Coverage: RMZ's interest payments on its debt are well covered by EBIT (55.5x coverage).