Reliant Holdings (Reliant Holdings) LT-Debt-to-Total-Asset : 0.06 (As of Dec. 2023)

View and export this data going back to 2019. Start your Free Trial

What is Reliant Holdings 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. Reliant Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.06.

Reliant Holdings's long-term debt to total assets ratio increased from Dec. 2022 (0.01) to Dec. 2023 (0.06). It may suggest that Reliant Holdings is progressively becoming more dependent on debt to grow their business.

Reliant Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Reliant Holdings'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.

* Premium members only.

Reliant Holdings LT-Debt-to-Total-Asset Chart

Reliant Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.22

0.06

0.01

0.06

Reliant Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	-	-	-	0.06

Reliant Holdings LT-Debt-to-Total-Asset Calculation

Reliant Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	0.054	/	0.854
	=	0.06

Reliant Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	0.054	/	0.854
	=	0.06

Reliant Holdings (OTCPK:RELT) 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.

Reliant Holdings LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Reliant Holdings's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Reliant Holdings (Reliant Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Reliant Holdings Inc (OTCPK:RELT) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

12343 Hymeadow Drive, Suite 3-A, Austin, TX, USA, 78750

Website

https://reliantholdingsinc.com

Reliant Holdings Inc, through its subsidiary, is involved in assisting customers with the design of, and then construction, recreational pools that blend in with the surroundings, geometric pools that complement the home's architecture and water features. The company builds Freeform Pool and Geometric Pool, concrete pools, and in-ground residential swimming pools. It also offers cleaning, treating, maintenance, and repair services to pools and spas.

Executives

Miguel Chavez	10 percent owner	10012 BARBROOK DR, AUSTIN TX 78726
Elijah May	director, 10 percent owner, officer: President, CEO and COO	8400 JAMESTOWN DR. UNIT 422, AUSTIN TX 78758
Rebecca Spohn Donovan	10 percent owner	6501 SAN ANTONIO DR. NE #2403, ALBUQUERQUE NM 87109

Reliant Holdings (Reliant Holdings) Headlines

From GuruFocus

Reliant Holdings Reports Another Exceptional Year

By ACCESSWIRE ACCESSWIRE • 01-18-2022

Reliant Holdings Establishes New Division, Reliant Solar Energy

By Marketwired Marketwired • 09-28-2021

Reliant Holdings Provides Shareholder Updates & Launches Social Media Awareness Initiative

By ACCESSWIRE ACCESSWIRE • 03-22-2022