Reliance Worldwide (FRA:0EU) LT-Debt-to-Total-Asset : 0.23 (As of Dec. 2024)

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What is Reliance Worldwide LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Reliance Worldwide's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.23.

Reliance Worldwide's long-term debt to total assets ratio declined from Dec. 2023 (0.25) to Dec. 2024 (0.23). It may suggest that Reliance Worldwide is progressively becoming less dependent on debt to grow their business.

Reliance Worldwide LT-Debt-to-Total-Asset Historical Data

The historical data trend for Reliance Worldwide's LT-Debt-to-Total-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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Reliance Worldwide LT-Debt-to-Total-Asset Chart

Reliance Worldwide Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.22

0.09

0.33

0.26

0.25

Reliance Worldwide Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial												0.32	0.26	0.25	0.25	0.23

Reliance Worldwide LT-Debt-to-Total-Asset Calculation

Reliance Worldwide's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (A: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2024 )	/	Total Assets (A: Jun. 2024 )
	=	501.694	/	1992.24
	=	0.25

Reliance Worldwide's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	472.332	/	2019.16
	=	0.23

Reliance Worldwide (FRA:0EU) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Reliance Worldwide LT-Debt-to-Total-Asset Related Terms

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Reliance Worldwide Business Description

Industry

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

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RLLWF:USA RWC:Australia

Address

140 William Street, Level 32, Melbourne, VIC, AUS, 3000

Website

https://www.rwc.com

Reliance manufactures behind-the-wall plumbing products, which include fittings, pipes, valves, fluid dispensers, pipe systems, and appliance connectors. Its main segment is the US, which comprises about three fourths of our midcycle EBITDA estimates. Other segments include EMEA and the Asia-Pacific, which contribute about 20% and less than 10%, respectively, of our midcycle EBITDA estimates. The firm is best known for its push-to-connect products, including the brands SharkBite in the US and John Guest in the United Kingdom. Reliance's primary target segment is the do-it-yourself market. Smaller sales segments include residential and commercial construction, and hot water system manufacturers, which use some Reliance products in manufacturing.

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