What is the debt of Reliance this year?
Reliance has a debt level of 62 USD this year.
Reliance Debt 2024
Reliance Debt
62 USD
Ticker
RS
ISIN
US7595091023
WKN
892629
In 2024, Reliance's total debt was 62 USD, a -86.93% change from the 474.2 USD total debt recorded in the previous year.
Reliance Aktienanalyse
What does Reliance do?
Reliance Steel & Aluminum Co is one of the largest companies in steel and aluminum distribution worldwide. The company is based in Los Angeles, California, and has been in business since 1939. Reliance Steel & Aluminum Co started as a one-man operation and has grown over the years to a company with over $11 billion in revenue and approximately 300 locations in 40 countries worldwide. The company has been listed on the New York Stock Exchange since 1994. The company's business model is based on selling steel and aluminum products to various industries such as construction, aerospace, defense, automotive, oil and gas, and many more. Reliance Steel & Aluminum Co offers a wide range of products including sheets, bars, pipes, extruded profiles, stainless steel, carbon steel, aluminum, and many other types of metals and alloys. The company has divided itself into different business segments to offer a wider range of products and services to its customers. These business segments include: - Carbon Steel: This segment includes most of the products the company offers, including pipes, bars, and sheets made of carbon steel. - Stainless Steel: This segment refers to all products made of stainless steel. Reliance is one of the largest suppliers of stainless steel components in North America. - Aluminum: Aluminum is an important component of many products the company offers. Reliance offers a wide range of aluminum products such as plates, pipes, and bars. - Specialty Metals: This business segment includes highly specialized alloys and metals such as titanium, Inconel, and Monel. The products in this segment are more expensive than traditional steel and aluminum products, but they have special properties that are essential for certain applications. The company also offers services such as cutting, shaping, and surface processing. Reliance Steel & Aluminum Co has an excellent reputation for the quality of its products and services and is known for its fast and reliable deliveries. Over the years, Reliance Steel & Aluminum Co has carried out several acquisitions and mergers to accelerate its growth and expand its product range. Some notable acquisitions include the purchase of Metals USA in 2013 for more than $1.2 billion and the purchase of Earle M. Jorgensen Company in 2006 for approximately $1.1 billion. The company also has a strong presence in other countries, particularly in Europe and Asia. Reliance Steel & Aluminum Co has strengthened its presence on the continent in recent years through the acquisition of companies in Europe. The company also has branches in Mexico, Canada, and Australia. Overall, Reliance Steel & Aluminum Co has become one of the leading companies in steel and aluminum distribution through its wide range of products, quality products and services, fast delivery times, and strong growth. Reliance ist eines der beliebtesten Unternehmen auf Eulerpool.com.Debt Details
Understanding Reliance's Debt Structure
Reliance's total debt refers to the cumulative financial obligations the company owes to external parties. This can include short-term and long-term borrowings, bonds, loans, and other financial instruments. Assessing the company's debt levels is crucial for evaluating its financial health, risk profile, and ability to fund operations and expansions.
Year-to-Year Comparison
Analyzing Reliance's debt structure over the years provides insights into the firm’s financial strategy and stability. A reduction in debt can indicate financial strength and operational efficiency, while an increase may signal growth investments or potential financial challenges ahead.
Impact on Investments
Investors pay close attention to Reliance’s debt levels as they can influence the company’s risk and return profiles. Excessive debt can lead to financial strain, while moderate and well-managed debt can be a catalyst for growth and expansion, making it a critical aspect of investment evaluations.
Interpreting Debt Fluctuations
Shifts in Reliance’s debt levels can be attributed to various operational and strategic factors. An increase in debt might be geared towards funding expansion projects or enhancing operational capacity, while a decrease may indicate profit realizations or an approach to minimize financial risk and leverage.
Frequently Asked Questions about Reliance stock
What was the debt of Reliance compared to the previous year?
The debt of Reliance has increased by -86.93% compared to the previous year dropped.
What are the consequences of high debt for investors in Reliance?
High debt can pose a risk for investors of Reliance, as it can weaken the company's financial position and hinder its ability to fulfill its obligations.
What are the consequences of low debt for investors of Reliance?
Low debt means that Reliance has a strong financial position and is able to fulfill its obligations without overburdening its finances.
How does an increase in debt from Reliance affect the company?
An increase in debt of Reliance can adversely affect the financial condition of the company and result in a higher burden on its finances.
How does a reduction of debt of Reliance affect the company?
A reduction in debt of Reliance can strengthen the company's financial position and improve its ability to meet its financial obligations.
What are some factors that influence the debt of Reliance?
Some factors that can influence the debt of Reliance include investments, acquisitions, operating costs, and revenue development.
Why are the debts of Reliance so important for investors?
The debts of Reliance are important for investors as they serve as an indicator of the company's financial stability. It provides investors with information on how the company fulfills its financial obligations.
What strategic measures can Reliance take to change the debt?
To change the debt, Reliance can take measures such as cost savings, increasing revenue, selling assets, making investments, or forming partnerships. It is important for the company to conduct a thorough review of its financial situation to determine the best strategic actions to change its debt.
How much dividend does Reliance pay?
Over the past 12 months, Reliance paid a dividend of . This corresponds to a dividend yield of about . For the coming 12 months, Reliance is expected to pay a dividend of 4.86 USD.
What is the dividend yield of Reliance?
The current dividend yield of Reliance is .
When does Reliance pay dividends?
Reliance pays a quarterly dividend. This is distributed in the months of December, April, June, September.
How secure is the dividend of Reliance?
Reliance paid dividends every year for the past 23 years.
What is the dividend of Reliance?
For the upcoming 12 months, dividends amounting to 4.86 USD are expected. This corresponds to a dividend yield of 1.71 %.
In which sector is Reliance located?
Reliance is assigned to the 'Commodities' sector.
Wann musste ich die Aktien von Reliance kaufen, um die vorherige Dividende zu erhalten?
To receive the latest dividend of Reliance from 8/30/2024 amounting to 1.1 USD, you needed to have the stock in your portfolio before the ex-date on 8/16/2024.
When did Reliance pay the last dividend?
The last dividend was paid out on 8/30/2024.
What was the dividend of Reliance in the year 2023?
In the year 2023, Reliance distributed 3.5 USD as dividends.
In which currency does Reliance pay out the dividend?
The dividends of Reliance are distributed in USD.
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Andere Kennzahlen von Reliance
Our stock analysis for Reliance Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Reliance Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.
