Russel Metals (Russel Metals) Debt-to-Equity : 0.26 (As of Dec. 2023)

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What is Russel Metals Debt-to-Equity?

Russel Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $12 Mil. Russel Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $303 Mil. Russel Metals's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,222 Mil. Russel Metals's debt to equity for the quarter that ended in Dec. 2023 was 0.26.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Russel Metals's Debt-to-Equity or its related term are showing as below:

RUSMF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.26 Med: 0.46 Max: 0.66
Current: 0.26

During the past 13 years, the highest Debt-to-Equity Ratio of Russel Metals was 0.66. The lowest was 0.26. And the median was 0.46.

RUSMF's Debt-to-Equity is ranked better than
67.67% of 133 companies
in the Industrial Distribution industry
Industry Median: 0.53 vs RUSMF: 0.26

Russel Metals Debt-to-Equity Historical Data

The historical data trend for Russel Metals's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Russel Metals Debt-to-Equity Chart

Russel Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.66

0.46

0.32

0.27

0.26

Russel Metals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.27	0.26	0.26	0.25	0.26

Competitive Comparison of Russel Metals's Debt-to-Equity

For the Industrial Distribution subindustry, Russel Metals's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Russel Metals's Debt-to-Equity Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Russel Metals's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Russel Metals's Debt-to-Equity falls into.

Russel Metals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Russel Metals's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(11.702	+	303.22)	/	1222.346
	=	0.26

Russel Metals's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(11.702	+	303.22)	/	1222.346
	=	0.26

Russel Metals (OTCPK:RUSMF) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Russel Metals Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Russel Metals's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Russel Metals (Russel Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Russel Metals Inc (OTCPK:RUSMF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

RMZ:Germany RUS:Canada

Address

6600 Financial Drive, Mississauga, ON, CAN, L5N 7J6

Website

https://www.russelmetals.com

Russel Metals Inc is a Canada-based metal distribution company. The company conducts business primarily through three metals distribution segments: metals service centers; energy products; and steel distributors. The metal service centers provide processing and distribution services to a broad base of end-users. The energy products segment distributes oil country tubular goods, line pipe, tubes, valves, and fittings, primarily to the energy industry in Western Canada and the U.S. The steel distributors segment acts as master distributors selling steel in large volumes to other steel service centers and equipment manufacturers mainly on an "as is" basis. The company generates all of its revenue from the North American market.