Russel Metals (TSX:RUS) Debt-to-Asset : 0.16 (As of Dec. 2023)

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What is Russel Metals Debt-to-Asset?

Russel Metals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$16 Mil. Russel Metals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$407 Mil. Russel Metals's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was C$2,570 Mil. Russel Metals's debt to asset for the quarter that ended in Dec. 2023 was 0.16.

Russel Metals Debt-to-Asset Historical Data

The historical data trend for Russel Metals's Debt-to-Asset 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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Russel Metals Debt-to-Asset Chart

Russel Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.32

0.25

0.18

0.17

0.16

Russel Metals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.17	0.16	0.16	0.16	0.16

Competitive Comparison of Russel Metals's Debt-to-Asset

For the Industrial Distribution subindustry, Russel Metals's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

Russel Metals's Debt-to-Asset Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Russel Metals's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Russel Metals's Debt-to-Asset falls into.

Russel Metals Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Russel Metals's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(15.7	+	406.8)	/	2570.1
	=	0.16

Russel Metals's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(15.7	+	406.8)	/	2570.1
	=	0.16

Russel Metals (TSX:RUS) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Russel Metals Debt-to-Asset Related Terms

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Russel Metals (TSX:RUS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Russel Metals Inc (TSX:RUS) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

RUSMF:USA RMZ:Germany

Address

6600 Financial Drive, Mississauga, ON, CAN, L5N 7J6

Website

https://www.russelmetals.com

Russel Metals Inc is a Canada-based metal distribution company. The company conducts business primarily through three metals distribution segments: metals service centers; energy products; and steel distributors. The metal service centers provide processing and distribution services to a broad base of end-users. The energy products segment distributes oil country tubular goods, line pipe, tubes, valves, and fittings, primarily to the energy industry in Western Canada and the U.S. The steel distributors segment acts as master distributors selling steel in large volumes to other steel service centers and equipment manufacturers mainly on an "as is" basis. The company generates all of its revenue from the North American market.

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