Reliance Balance Sheet Health
Financial Health criteria checks 6/6
Reliance has a total shareholder equity of $7.4B and total debt of $1.3B, which brings its debt-to-equity ratio to 17.2%. Its total assets and total liabilities are $10.3B and $2.9B respectively. Reliance's EBIT is $1.3B making its interest coverage ratio 33.6. It has cash and short-term investments of $314.6M.
Key information
17.2%
Debt to equity ratio
US$1.27b
Debt
| Interest coverage ratio | 33.6x |
| Cash | US$314.60m |
| Equity | US$7.36b |
| Total liabilities | US$2.94b |
| Total assets | US$10.30b |
Recent financial health updates
We Think Reliance (NYSE:RS) Can Stay On Top Of Its Debt
Nov 18
Is Reliance (NYSE:RS) Using Too Much Debt?
Jul 31Reliance (NYSE:RS) Has A Pretty Healthy Balance Sheet
Apr 19Is 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 05Recent updates
We Think Reliance (NYSE:RS) Can Stay On Top Of Its Debt
Nov 18Reliance, Inc. (NYSE:RS) Just Released Its Third-Quarter Results And Analysts Are Updating Their Estimates
Oct 27Improved Earnings Required Before Reliance, Inc. (NYSE:RS) Shares Find Their Feet
Oct 20Investors Will Want Reliance's (NYSE:RS) Growth In ROCE To Persist
Oct 04Reliance: Unlikely To Break New Highs
Sep 19Is Reliance (NYSE:RS) Using Too Much Debt?
Jul 31There Is A Reason Reliance, Inc.'s (NYSE:RS) Price Is Undemanding
Jul 16Calculating The Intrinsic Value Of Reliance, Inc. (NYSE:RS)
Jun 19Reliance: Exceptional Fundamentals With Compounding Returns
Jun 01Reliance (NYSE:RS) Is Experiencing Growth In Returns On Capital
May 22Earnings 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 05Financial Position Analysis
Short Term Liabilities: RS's short term assets ($4.2B) exceed its short term liabilities ($1.3B).
Long Term Liabilities: RS's short term assets ($4.2B) exceed its long term liabilities ($1.7B).
Debt to Equity History and Analysis
Debt Level: RS's net debt to equity ratio (12.9%) is considered satisfactory.
Reducing Debt: RS's debt to equity ratio has reduced from 32.3% to 17.2% over the past 5 years.
Debt Coverage: RS's debt is well covered by operating cash flow (116.9%).
Interest Coverage: RS's interest payments on its debt are well covered by EBIT (33.6x coverage).