Reliance Steel & Aluminum Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2022 was $564 Mil. Reliance Steel & Aluminum Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2022 was $1,305 Mil. Reliance Steel & Aluminum Co's Total Stockholders Equity for the quarter that ended in Jun. 2022 was $6,854 Mil.
Reliance Steel & Aluminum Co's debt to equity for the quarter that ended in Jun. 2022 was 0.27.
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 Steel & Aluminum Co's Debt-to-Equity or its related term are showing as below:
RS'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.51 Max: 1.14
Current: 0.27
During the past 13 years, the highest Debt-to-Equity Ratio of Reliance Steel & Aluminum Co was 1.14. The lowest was 0.06. And the median was 0.51.
RS's Debt-to-Equity is ranked better than 68.04% of 510
companies
in the Steel industry
Industry Median: 0.44
vs RS: 0.27
Reliance Steel & Aluminum Co Debt-to-Equity Historical Data
The historical data trend for Reliance Steel & Aluminum Co'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 Steel & Aluminum Co Annual Data
Trend
Dec12
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Debt-to-Equity
0.41
0.47
0.34
0.36
0.31
Reliance Steel & Aluminum Co Quarterly Data
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Debt-to-Equity
0.33
0.32
0.31
0.29
0.27
Competitive Comparison
For the Steel subindustry, Reliance Steel & Aluminum Co'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 Steel & Aluminum Co Debt-to-Equity Distribution
For the Steel industry and Basic Materials sector, Reliance Steel & Aluminum Co's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Reliance Steel & Aluminum Co's Debt-to-Equity falls into.
Reliance Steel & Aluminum Co Debt-to-Equity Calculation
Debt to Equity measures the financial leverage a company has.
Reliance Steel & Aluminum Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2021 is calculated as
* 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.
Reliance Steel & Aluminum Co (NYSE:RS) Debt-to-Equity Explanation
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 Steel & Aluminum Co Debt-to-Equity Related Terms
Thank you for viewing the detailed overview of Reliance Steel & Aluminum Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Reliance Steel & Aluminum is a metal service center in the United States, providing metal processing and inventory management services for carbon and stainless steel, aluminum, and alloys. The company provides over 100,000 product types to approximately more than 125,000 customers. Reliance predominantly supplies the nonresidential construction, automotive, aerospace, energy, transportation, and heavy equipment end markets. Its product offerings comprise alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products.
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