Reliance Worldwide Balance Sheet Health
Financial Health criteria checks 5/6
Reliance Worldwide has a total shareholder equity of $1.3B and total debt of $438.3M, which brings its debt-to-equity ratio to 34.7%. Its total assets and total liabilities are $2.1B and $880.1M respectively. Reliance Worldwide's EBIT is $203.8M making its interest coverage ratio 6.6. It has cash and short-term investments of $19.9M.
Key information
34.7%
Debt to equity ratio
US$438.33m
Debt
| Interest coverage ratio | 6.6x |
| Cash | US$19.92m |
| Equity | US$1.26b |
| Total liabilities | US$880.13m |
| Total assets | US$2.14b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RLLW.F's short term assets ($581.9M) exceed its short term liabilities ($209.8M).
Long Term Liabilities: RLLW.F's short term assets ($581.9M) do not cover its long term liabilities ($670.4M).
Debt to Equity History and Analysis
Debt Level: RLLW.F's net debt to equity ratio (33.1%) is considered satisfactory.
Reducing Debt: RLLW.F's debt to equity ratio has reduced from 35.3% to 34.7% over the past 5 years.
Debt Coverage: RLLW.F's debt is well covered by operating cash flow (62.6%).
Interest Coverage: RLLW.F's interest payments on its debt are well covered by EBIT (6.6x coverage).