Reliance Worldwide (ASX:RWC) Debt-to-Equity : 0.42 (As of Dec. 2023)

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What is Reliance Worldwide Debt-to-Equity?

Reliance Worldwide's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$25 Mil. Reliance Worldwide's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$755 Mil. Reliance Worldwide's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$1,866 Mil. Reliance Worldwide's debt to equity for the quarter that ended in Dec. 2023 was 0.42.

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 Reliance Worldwide's Debt-to-Equity or its related term are showing as below:

ASX:RWC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.15 Med: 0.45 Max: 1.32
Current: 0.42

During the past 7 years, the highest Debt-to-Equity Ratio of Reliance Worldwide was 1.32. The lowest was 0.15. And the median was 0.45.

ASX:RWC's Debt-to-Equity is ranked better than
51.39% of 1512 companies
in the Construction industry
Industry Median: 0.44 vs ASX:RWC: 0.42

Reliance Worldwide Debt-to-Equity Historical Data

The historical data trend for Reliance Worldwide'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.

Reliance Worldwide Debt-to-Equity Chart

Reliance Worldwide Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.35

0.15

0.62

0.45

Reliance Worldwide Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial										0.58	0.62	0.59	0.45	0.42

Competitive Comparison of Reliance Worldwide's Debt-to-Equity

For the Building Products & Equipment subindustry, Reliance Worldwide'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.

Reliance Worldwide's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Reliance Worldwide's Debt-to-Equity distribution charts can be found below:

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

Reliance Worldwide Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Reliance Worldwide's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(23.034	+	806.926)	/	1834.723
	=	0.45

Reliance Worldwide'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
	=	(24.727	+	755.213)	/	1865.511
	=	0.42

Reliance Worldwide (ASX:RWC) 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.

Reliance Worldwide Debt-to-Equity Related Terms

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

Reliance Worldwide (ASX:RWC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Reliance Worldwide Corp Ltd (ASX:RWC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

RLLWF:USA 0EU:Germany

Address

140 William Street, Level 26, Melbourne, VIC, AUS, 3000

Website

https://www.rwc.com

Reliance Worldwide designs, manufactures, and supplies branded plumbing products which are sold across North America, Asia-Pacific, and Europe. The company focuses on push-to-connect plumbing products, including fitting, pipes and valves, under its brands SharkBite, JG Speedfit, and EvoPex. Reliance's products are used in residential and commercial applications for the residential renovation, maintenance, and home improvement end-markets. Reliance sells around 45% of its products to plumbing wholesalers and merchants, 35% to hardware and home improvement retailers (including Home Depot, Lowe's, and Reece) and 20% to original equipment manufacturers of hot water systems.

Reliance Worldwide (ASX:RWC) Headlines

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