Reliance Steel & Aluminum Liabilities 2024

Reliance Steel & Aluminum Aktienanalyse

What does Reliance Steel & Aluminum 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 Steel & Aluminum ist eines der beliebtesten Unternehmen auf Eulerpool.com.

Liabilities Details

Assessing Reliance Steel & Aluminum's Liabilities

Reliance Steel & Aluminum's liabilities constitute the company's financial obligations and debts owed to external parties and stakeholders. They are categorized into current liabilities, due within a year, and long-term liabilities, which are due over a longer period. A detailed assessment of these liabilities is crucial for evaluating Reliance Steel & Aluminum's financial stability, operational efficiency, and long-term viability.

Year-to-Year Comparison

By comparing Reliance Steel & Aluminum's liabilities year-over-year, investors can identify trends, shifts, and anomalies in the company’s financial positioning. A decrease in total liabilities often signals financial strengthening, while an increase might indicate enhanced investments, acquisitions, or potential financial strain.

Impact on Investments

Reliance Steel & Aluminum's total liabilities play a significant role in determining the company's leverage and risk profile. Investors and analysts examine this aspect meticulously to ascertain the firm’s ability to meet its financial obligations, which influences investment attractiveness and credit ratings.

Interpreting Liability Fluctuations

Shifts in Reliance Steel & Aluminum’s liability structure indicate changes in its financial management and strategy. A reduction in liabilities reflects efficient financial management or debt payoffs, while an increase may suggest expansion, acquisition activities, or accruing operational expenses, each carrying distinct implications for investors.

Frequently Asked Questions about Reliance Steel & Aluminum stock

What is the level of liabilities of Reliance Steel & Aluminum this year?

Reliance Steel & Aluminum has a debt balance of 2.76 B USD this year.

What were the liabilities of Reliance Steel & Aluminum compared to the previous year?

The liabilities of Reliance Steel & Aluminum have increased by -14.94% dropped compared to the previous year.

What are the consequences of high debt for investors of Reliance Steel & Aluminum?

High liabilities can pose a risk for investors of Reliance Steel & Aluminum, as they can weaken the company's financial position and impair its ability to meet its obligations.

What consequences do low liabilities have for investors in Reliance Steel & Aluminum?

Low liabilities mean that Reliance Steel & Aluminum has a strong financial position and is able to meet its obligations without overburdening its finances.

How does an increase in liabilities of Reliance Steel & Aluminum affect the company?

An increase in liabilities of Reliance Steel & Aluminum can lead to the company having more obligations and potentially find it more difficult to meet its financial commitments.

How does a reduction in the liabilities of Reliance Steel & Aluminum affect the company?

A decrease in the liabilities of Reliance Steel & Aluminum can lead to the company having fewer obligations and a stronger financial position, which can make it easier for the company to fulfill its financial commitments.

What are some factors that influence the liabilities of Reliance Steel & Aluminum?

Some factors that can influence the liabilities of Reliance Steel & Aluminum include investments, acquisitions, operating costs, and sales development.

Why is the level of liabilities of Reliance Steel & Aluminum so important for investors?

The liabilities of Reliance Steel & Aluminum are important for investors as they serve as an indicator of the company's financial stability and provide investors with information on how the company meets its financial obligations.

What strategic measures can Reliance Steel & Aluminum take to modify the liabilities?

To change its liabilities, Reliance Steel & Aluminum can take measures such as cost savings, increasing revenue, selling assets, raising investments, or forming partnerships. It is important for the company to conduct a thorough review of its financial situation to choose the best strategic actions.

How much dividend does Reliance Steel & Aluminum pay?

Over the past 12 months, Reliance Steel & Aluminum paid a dividend of 4 USD . This corresponds to a dividend yield of about 1.35 %. For the coming 12 months, Reliance Steel & Aluminum is expected to pay a dividend of 4.86 USD.

What is the dividend yield of Reliance Steel & Aluminum?

The current dividend yield of Reliance Steel & Aluminum is 1.35 %.

When does Reliance Steel & Aluminum pay dividends?

Reliance Steel & Aluminum pays a quarterly dividend. This is distributed in the months of September, December, April, June.

How secure is the dividend of Reliance Steel & Aluminum?

Reliance Steel & Aluminum paid dividends every year for the past 23 years.

What is the dividend of Reliance Steel & Aluminum?

For the upcoming 12 months, dividends amounting to 4.86 USD are expected. This corresponds to a dividend yield of 1.64 %.

In which sector is Reliance Steel & Aluminum located?

Reliance Steel & Aluminum is assigned to the 'Commodities' sector.

Wann musste ich die Aktien von Reliance Steel & Aluminum kaufen, um die vorherige Dividende zu erhalten?

To receive the latest dividend of Reliance Steel & Aluminum from 6/7/2024 amounting to 1.1 USD, you needed to have the stock in your portfolio before the ex-date on 5/23/2024.

When did Reliance Steel & Aluminum pay the last dividend?

The last dividend was paid out on 6/7/2024.

What was the dividend of Reliance Steel & Aluminum in the year 2023?

In the year 2023, Reliance Steel & Aluminum distributed 3.5 USD as dividends.

In which currency does Reliance Steel & Aluminum pay out the dividend?

The dividends of Reliance Steel & Aluminum are distributed in USD.