RELI (Reliance Global Group) Debt-to-Equity : 4.81 (As of Sep. 2024)

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What is Reliance Global Group Debt-to-Equity?

Reliance Global Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $2.36 Mil. Reliance Global Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $11.20 Mil. Reliance Global Group's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $2.82 Mil. Reliance Global Group's debt to equity for the quarter that ended in Sep. 2024 was 4.81.

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 Global Group's Debt-to-Equity or its related term are showing as below:

RELI' s Debt-to-Equity Range Over the Past 10 Years
Min: -221.75 Med: 0.94 Max: 67.37
Current: 4.81

During the past 10 years, the highest Debt-to-Equity Ratio of Reliance Global Group was 67.37. The lowest was -221.75. And the median was 0.94.

RELI's Debt-to-Equity is ranked worse than
99.49% of 390 companies
in the Insurance industry
Industry Median: 0.2 vs RELI: 4.81

Reliance Global Group Debt-to-Equity Historical Data

The historical data trend for Reliance Global Group'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.

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Reliance Global Group Debt-to-Equity Chart

Reliance Global Group Annual Data

Trend

Aug13

Aug14

Aug15

Aug16

Aug17

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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20.78

-221.75

-0.36

1.97

2.03

Reliance Global Group Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															1.04	2.03	7.23	4.85	4.81

Competitive Comparison of Reliance Global Group's Debt-to-Equity

For the Insurance Brokers subindustry, Reliance Global Group'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 Global Group's Debt-to-Equity Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Reliance Global Group's Debt-to-Equity distribution charts can be found below:

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

Reliance Global Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Reliance Global Group'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
	=	(2.131	+	12.409)	/	7.147
	=	2.03

Reliance Global Group's Debt to Equity Ratio for the quarter that ended in Sep. 2024 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
	=	(2.363	+	11.195)	/	2.821
	=	4.81

Reliance Global Group (NAS:RELI) 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 Global Group Debt-to-Equity Related Terms

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Reliance Global Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Reliance Global Group Inc (NAS:RELI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

300 Boulevard of the Americas, Suite 105, Lakewood, NJ, USA, 08701

Website

https://www.relianceglobalgroup.com

Reliance Global Group Inc operates as a holding company with diversified interests in the insurance market, as well as other related sectors. The company focuses on growing by pursuing an acquisition strategy, initially and primarily focused on wholesale and retail insurance agencies. Its primary strategy is to identify specific risks to reward arbitrage opportunities and develop these on a national platform, thereby increasing revenues and returns, and then identify and acquire undervalued wholesale and retail insurance agencies with operations in growing or underserved segments, expand and optimize their operations, and achieve asset value appreciation while generating interim cash flows. The company generates revenue in the form of commissions.

Executives

Ezra Beyman	officer: CEO	300 BLVD OF THE AMERICAS, SUITE 105, LAKEWOOD NJ 08701
Yaakov Beyman	officer: Executive VP, Insurance	300 BLVD. OF THE AMERICAS, SUITE 105, LAKEWOOD NJ 08701
Joel Markovits	officer: Chief Accounting Officer	300 BLVD. OF THE AMERICAS, SUITE 105, LAKEWOOD NJ 08701
Scott Korman	director	C/O NASHONE, INC., 175 ELM ROAD, ENGLEWOOD NJ 07361
William Y. Lebovics	officer: Chief Financial Officer	300 BLVD. OF THE AMERICAS, SUITE 105, LAKEWOOD NJ 08701
Reliance Global Holdings Llc	officer: CEO	300 BLVD. OF THE AMERICAS., SUITE 105, LAKEWOOD NJ 08701
Miriam Spitz	other: Director of Investor Services	18 SCENIC DRIVE, SUFFERN NY 10901
Alex Blumenfrucht	officer: CFO	517 REYNOLDS AVE, TOMS RIVER NJ 08755
Jack Namer	director, 10 percent owner, officer: Chief Executive Officer	1500 NW 65TH AVENUE PLANTATION FL 33313
Amy M. Nalewaik	10 percent owner	1500 NW 65TH AVENUE PLANTATION FL 33313