Reliant Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Reliant Holdings has a total shareholder equity of $177.4K and total debt of $282.5K, which brings its debt-to-equity ratio to 159.2%. Its total assets and total liabilities are $854.4K and $677.0K respectively. Reliant Holdings's EBIT is $49.5K making its interest coverage ratio 3.4. It has cash and short-term investments of $309.4K.
Key information
159.2%
Debt to equity ratio
US$282.55k
Debt
Interest coverage ratio | 3.4x |
Cash | US$309.38k |
Equity | US$177.45k |
Total liabilities | US$676.96k |
Total assets | US$854.41k |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RELT's short term assets ($756.8K) exceed its short term liabilities ($623.3K).
Long Term Liabilities: RELT's short term assets ($756.8K) exceed its long term liabilities ($53.7K).
Debt to Equity History and Analysis
Debt Level: RELT has more cash than its total debt.
Reducing Debt: RELT's debt to equity ratio has increased from 35.5% to 159.2% over the past 5 years.
Debt Coverage: RELT's debt is not well covered by operating cash flow (1.7%).
Interest Coverage: RELT's interest payments on its debt are well covered by EBIT (3.4x coverage).