Reliance Worldwide (FRA:0EU) Equity-to-Asset : 0.61 (As of Dec. 2023)

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What is Reliance Worldwide Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Reliance Worldwide's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €1,145 Mil. Reliance Worldwide's Total Assets for the quarter that ended in Dec. 2023 was €1,879 Mil. Therefore, Reliance Worldwide's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.61.

The historical rank and industry rank for Reliance Worldwide's Equity-to-Asset or its related term are showing as below:

FRA:0EU' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.34 Med: 0.61 Max: 0.71
Current: 0.61

During the past 7 years, the highest Equity to Asset Ratio of Reliance Worldwide was 0.71. The lowest was 0.34. And the median was 0.61.

FRA:0EU's Equity-to-Asset is ranked better than
74.18% of 1685 companies
in the Construction industry
Industry Median: 0.44 vs FRA:0EU: 0.61

Reliance Worldwide Equity-to-Asset Historical Data

The historical data trend for Reliance Worldwide's Equity-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.

* Premium members only.

Reliance Worldwide Equity-to-Asset Chart

Reliance Worldwide Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Equity-to-Asset

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0.68

0.64

0.71

0.54

0.60

Reliance Worldwide Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial										0.56	0.54	0.55	0.60	0.61

Competitive Comparison of Reliance Worldwide's Equity-to-Asset

For the Building Products & Equipment subindustry, Reliance Worldwide's Equity-to-Asset, along with its competitors' market caps and Equity-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.

Reliance Worldwide's Equity-to-Asset Distribution in the Construction Industry

For the Construction industry and Industrials sector, Reliance Worldwide's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Reliance Worldwide's Equity-to-Asset falls into.

Reliance Worldwide Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

Reliance Worldwide's Equity to Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Equity to Asset (A: Jun. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	1136.543	/	1900.074
	=	0.60

Reliance Worldwide's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	1145.029	/	1878.845
	=	0.61

Reliance Worldwide (FRA:0EU) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.

Reliance Worldwide Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of Reliance Worldwide's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Reliance Worldwide (FRA:0EU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Reliance Worldwide Corp Ltd (FRA:0EU) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

RLLWF:USA RWC:Australia

Address

140 William Street, Level 26, Melbourne, VIC, AUS, 3000

Website

https://www.rwc.com

Reliance Worldwide designs, manufactures, and supplies branded plumbing products which are sold across North America, Asia-Pacific, and Europe. The company focuses on push-to-connect plumbing products, including fitting, pipes and valves, under its brands SharkBite, JG Speedfit, and EvoPex. Reliance's products are used in residential and commercial applications for the residential renovation, maintenance, and home improvement end-markets. Reliance sells around 45% of its products to plumbing wholesalers and merchants, 35% to hardware and home improvement retailers (including Home Depot, Lowe's, and Reece) and 20% to original equipment manufacturers of hot water systems.

Reliance Worldwide (FRA:0EU) Headlines

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