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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
Get a 7-Day Free Trial Premium Member Only Premium Member Only 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 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

Reliance Global Group's Debt to Equity Ratio for the quarter that ended in Sep. 2024 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 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

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.


Reliance Global Group Business Description

Traded in Other Exchanges
N/A
Address
300 Boulevard of the Americas, Suite 105, Lakewood, NJ, USA, 08701
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