Reliance Global Group Balance Sheet Health
Financial Health criteria checks 4/6
Reliance Global Group has a total shareholder equity of $2.9M and total debt of $13.0M, which brings its debt-to-equity ratio to 449.1%. Its total assets and total liabilities are $18.3M and $15.5M respectively.
Key information
449.1%
Debt to equity ratio
US$12.97m
Debt
| Interest coverage ratio | n/a |
| Cash | US$1.41m |
| Equity | US$2.89m |
| Total liabilities | US$15.45m |
| Total assets | US$18.34m |
Recent financial health updates
Recent updates
Positive Sentiment Still Eludes Reliance Global Group, Inc. (NASDAQ:RELI) Following 39% Share Price Slump
Aug 15
It's Down 43% But Reliance Global Group, Inc. (NASDAQ:RELI) Could Be Riskier Than It Looks
Dec 21Further Upside For Reliance Global Group, Inc. (NASDAQ:RELI) Shares Could Introduce Price Risks After 51% Bounce
Apr 19Reliance Global Group jumps 8% on $3M buyback
Sep 23Reliance Global Group sees Q2 revenue to get doubled
Aug 02Reliance Global Group Looks Overvalued Based On Fundamentals
Jan 10Introducing Reliance Global Group (NASDAQ:RELI), The Stock That Soared 936% In The Last Three Years
Mar 03Financial Position Analysis
Short Term Liabilities: RELI's short term assets ($4.3M) exceed its short term liabilities ($3.7M).
Long Term Liabilities: RELI's short term assets ($4.3M) do not cover its long term liabilities ($11.7M).
Debt to Equity History and Analysis
Debt Level: RELI's net debt to equity ratio (400.4%) is considered high.
Reducing Debt: RELI's debt to equity ratio has reduced from 4760.6% to 449.1% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable RELI has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: RELI is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 4.5% per year.