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Current Liabilities AnalysisCurrent Liabilities is company's short term debts. This usually includes obligations that are due within next 12 months or within one fiscal year. Current liabilities are very important in analyzing a company's financial health as it requires the company to convert some of its current assets into cash.
Distress Driver Correlations
Current Liabilities Over Time Pattern
About Current LiabilitiesCurrent liabilities appear on the company's balance sheet and include all short term debt accounts, accounts and notes payable, accrued liabilities as well as current payments due on the long-term loans. One of the most useful applications of Current Liabilities is the current ratio which is defined as current assets divided by its current liabilities. High current ratios mean that current assets are more than sufficient to pay off current liabilities.
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Reliance Steel Current Liabilities Assessment
In accordance with recently published financial statements Reliance Steel Aluminum Co has Current Liabilities of 989.7 M. This is 97.12% lower than that of the Basic Materials sector, and significantly higher than that of Non-ferrous Metals Production And Products industry, The Current Liabilities for all stocks is 97.03% higher than the company.
Reliance Steel Aluminum Fundamental Drivers Relationships
Reliance Steel Aluminum Co is rated below average in cash flow from operations category among related companies. It is rated below average in shares owned by institutions category among related companies . The ratio of Cash Flow from Operations to Shares Owned by Institutions for Reliance Steel Aluminum Co is about 1,982,212