Reliance Balance Sheet Health
Financial Health criteria checks 6/6
Reliance has a total shareholder equity of $7.6B and total debt of $1.1B, which brings its debt-to-equity ratio to 15%. Its total assets and total liabilities are $10.4B and $2.8B respectively. Reliance's EBIT is $1.5B making its interest coverage ratio 37.5. It has cash and short-term investments of $350.8M.
Key information
15.0%
Debt to equity ratio
US$1.14b
Debt
| Interest coverage ratio | 37.5x |
| Cash | US$350.80m |
| Equity | US$7.63b |
| Total liabilities | US$2.82b |
| Total assets | US$10.45b |
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
There 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 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 26Financial Position Analysis
Short Term Liabilities: RS's short term assets ($4.4B) exceed its short term liabilities ($883.5M).
Long Term Liabilities: RS's short term assets ($4.4B) exceed its long term liabilities ($1.9B).
Debt to Equity History and Analysis
Debt Level: RS's net debt to equity ratio (10.4%) is considered satisfactory.
Reducing Debt: RS's debt to equity ratio has reduced from 40.6% to 15% over the past 5 years.
Debt Coverage: RS's debt is well covered by operating cash flow (129.8%).
Interest Coverage: RS's interest payments on its debt are well covered by EBIT (37.5x coverage).