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
Reliance (NYSE:RS) Has A Pretty Healthy Balance Sheet
Apr 19
Is Reliance Steel & Aluminum (NYSE:RS) A Risky Investment?
Nov 26Reliance Steel & Aluminum (NYSE:RS) Has A Pretty Healthy Balance Sheet
Aug 19Is Reliance Steel & Aluminum (NYSE:RS) Using Too Much Debt?
May 05Reliance Steel & Aluminum (NYSE:RS) Has A Rock Solid Balance Sheet
Jan 24Is Reliance Steel & Aluminum (NYSE:RS) Using Too Much Debt?
Oct 15Recent updates
Earnings Miss: Reliance, Inc. Missed EPS By 5.5% And Analysts Are Revising Their Forecasts
Apr 28Reliance (NYSE:RS) Has A Pretty Healthy Balance Sheet
Apr 19Little Excitement Around Reliance, Inc.'s (NYSE:RS) Earnings
Mar 19Reliance Steel & Aluminum's (NYSE:RS) Shareholders Will Receive A Bigger Dividend Than Last Year
Feb 27Reliance Steel & Aluminum: A Very Reliable Operator
Feb 18Why The 20% Return On Capital At Reliance Steel & Aluminum (NYSE:RS) Should Have Your Attention
Jan 18Reliance Steel & Aluminum Co.'s (NYSE:RS) Share Price Is Matching Sentiment Around Its Earnings
Dec 19Reliance Steel: Wait For A Pullback Before Buying
Dec 07Is Reliance Steel & Aluminum (NYSE:RS) A Risky Investment?
Nov 26Investors Shouldn't Overlook Reliance Steel & Aluminum's (NYSE:RS) Impressive Returns On Capital
Oct 10Reliance Steel & Aluminum: Not A High Growth Company Despite Acquisitions
Sep 22Reliance Steel & Aluminum (NYSE:RS) Has A Pretty Healthy Balance Sheet
Aug 19Reliance Steel: Exuberant Margins Reverting To The Mean
Jul 11Reliance Steel & Aluminum: An Attractive Dividend Score Card, Buy
May 31Returns on Capital Paint A Bright Future For Reliance Steel & Aluminum (NYSE:RS)
May 20Is Reliance Steel & Aluminum (NYSE:RS) Using Too Much Debt?
May 05Do Reliance Steel & Aluminum's (NYSE:RS) Earnings Warrant Your Attention?
Apr 18Reliance Steel & Aluminum Q4 2022 Earnings Preview
Feb 15The Trend Of High Returns At Reliance Steel & Aluminum (NYSE:RS) Has Us Very Interested
Feb 05Reliance Steel & Aluminum (NYSE:RS) Has A Rock Solid Balance Sheet
Jan 24Here's Why We Think Reliance Steel & Aluminum (NYSE:RS) Is Well Worth Watching
Jan 12Reliance Steel to redeem outstanding senior notes due 2023
Dec 15An Intrinsic Calculation For Reliance Steel & Aluminum Co. (NYSE:RS) Suggests It's 29% Undervalued
Nov 24Reliance Steel & Aluminum (NYSE:RS) Knows How To Allocate Capital Effectively
Oct 27Reliance Steel & Aluminum Q3 2022 Earnings Preview
Oct 26Is Reliance Steel & Aluminum (NYSE:RS) Using Too Much Debt?
Oct 15You Can Rely On Reliance Steel & Aluminum
Oct 11If EPS Growth Is Important To You, Reliance Steel & Aluminum (NYSE:RS) Presents An Opportunity
Oct 03Is Reliance Steel & Aluminum Co. (NYSE:RS) Trading At A 44% Discount?
Aug 26Reliance Steel & Aluminum goes ex-dividend tomorrow
Aug 17Reliance Steel & Aluminum Q2 2022 Earnings Preview
Jul 27Under The Bonnet, Reliance Steel & Aluminum's (NYSE:RS) Returns Look Impressive
Jul 22Reliance Steel & Aluminum (NYSE:RS) Could Easily Take On More Debt
Jul 10Here's Why Reliance Steel & Aluminum (NYSE:RS) Has Caught The Eye Of Investors
Jun 26Reliance Steel - Stronger Than Steel
Jun 07Financial Position Analysis
Short Term Liabilities: RS's short term assets ($4.9B) exceed its short term liabilities ($857.4M).
Long Term Liabilities: RS's short term assets ($4.9B) exceed its long term liabilities ($1.9B).
Debt to Equity History and Analysis
Debt Level: RS's net debt to equity ratio (2.6%) is considered satisfactory.
Reducing Debt: RS's debt to equity ratio has reduced from 45.2% to 14.4% over the past 5 years.
Debt Coverage: RS's debt is well covered by operating cash flow (123.6%).
Interest Coverage: RS's interest payments on its debt are well covered by EBIT (41.6x coverage).