Reliance Global Group Balance Sheet Health
Financial Health criteria checks 2/6
Reliance Global Group has a total shareholder equity of $2.8M and total debt of $12.5M, which brings its debt-to-equity ratio to 444.7%. Its total assets and total liabilities are $17.4M and $14.6M respectively.
Key information
444.7%
Debt to equity ratio
US$12.54m
Debt
| Interest coverage ratio | n/a |
| Cash | US$925.27k |
| Equity | US$2.82m |
| Total liabilities | US$14.60m |
| Total assets | US$17.42m |
Recent financial health updates
Recent updates
It's Down 35% But Reliance Global Group, Inc. (NASDAQ:RELI) Could Be Riskier Than It Looks
Nov 16
Positive Sentiment Still Eludes Reliance Global Group, Inc. (NASDAQ:RELI) Following 39% Share Price Slump
Aug 15It'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 ($3.8M) exceed its short term liabilities ($3.4M).
Long Term Liabilities: RELI's short term assets ($3.8M) do not cover its long term liabilities ($11.2M).
Debt to Equity History and Analysis
Debt Level: RELI's net debt to equity ratio (411.9%) is considered high.
Reducing Debt: RELI's debt to equity ratio has reduced from 2631.2% to 444.7% 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: RELI has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: RELI has less than a year of cash runway if free cash flow continues to reduce at historical rates of 5.5% each year