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 19Recent 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: Wait For A Pullback Before Buying
Dec 07Reliance Steel & Aluminum: Not A High Growth Company Despite Acquisitions
Sep 22Reliance Steel: Exuberant Margins Reverting To The Mean
Jul 11Reliance Steel & Aluminum: An Attractive Dividend Score Card, Buy
May 31Reliance Steel & Aluminum Q4 2022 Earnings Preview
Feb 15Financial 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).
Balance Sheet
Discover healthy companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 13:42 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Reliance, Inc. is covered by 31 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ishan Majumdar | Baptista Research |
| David Gagliano | BMO Capital Markets Equity Research |
| Katja Jancic | BMO Capital Markets Equity Research |