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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:
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.
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.
Reliance Global Group Annual Data | |||||||||||||||||||||
Trend | Aug13 | Aug14 | Aug15 | Aug16 | Aug17 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Debt-to-Equity | Get a 7-Day Free Trial | 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 |
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.
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.
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 |
* 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 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.
Thank you for viewing the detailed overview of Reliance Global Group's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
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 |
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