Reliance Balance Sheet Health
Financial Health criteria checks 6/6
Reliance has a total shareholder equity of $7.9B and total debt of $1.1B, which brings its debt-to-equity ratio to 14.4%. Its total assets and total liabilities are $10.7B and $2.8B respectively. Reliance's EBIT is $1.6B making its interest coverage ratio 41.6. It has cash and short-term investments of $934.9M.
Key information
14.4%
Debt to equity ratio
US$1.14b
Debt
Interest coverage ratio | 41.6x |
Cash | US$934.90m |
Equity | US$7.94b |
Total liabilities | US$2.77b |
Total assets | US$10.71b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RS6's short term assets ($4.9B) exceed its short term liabilities ($857.4M).
Long Term Liabilities: RS6's short term assets ($4.9B) exceed its long term liabilities ($1.9B).
Debt to Equity History and Analysis
Debt Level: RS6's net debt to equity ratio (2.6%) is considered satisfactory.
Reducing Debt: RS6's debt to equity ratio has reduced from 45.2% to 14.4% over the past 5 years.
Debt Coverage: RS6's debt is well covered by operating cash flow (123.6%).
Interest Coverage: RS6's interest payments on its debt are well covered by EBIT (41.6x coverage).