Reliance Steel Aluminum Stock Total Debt
| RS Stock | USD 320.16 1.96 0.61% |
Reliance Steel Aluminum fundamentals help investors to digest information that contributes to Reliance Steel's financial success or failures. It also enables traders to predict the movement of Reliance Stock. The fundamental analysis module provides a way to measure Reliance Steel's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Reliance Steel stock.
Total Debt To Capitalization is likely to drop to 0.13 in 2024. Reliance | Total Debt |
Reliance Steel Aluminum Company Total Debt Analysis
Reliance Steel's Total Debt refers to the amount of long term interest-bearing liabilities that a company carries on its balance sheet. That may include bonds sold to the public, notes written to banks or capital leases. Typically, debt can help a company magnify its earnings, but the burden of interest and principal payments will eventually prevent the firm from borrow excessively.
Current Reliance Steel Total Debt | 1.38 B |
Most of Reliance Steel's fundamental indicators, such as Total Debt, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Reliance Steel Aluminum is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Reliance Total Debt Driver Correlations
Understanding the fundamental principles of building solid financial models for Reliance Steel is extremely important. It helps to project a fair market value of Reliance Stock properly, considering its historical fundamentals such as Total Debt. Since Reliance Steel's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Reliance Steel's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Reliance Steel's interrelated accounts and indicators.
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Reliance Total Debt Historical Pattern
Today, most investors in Reliance Steel Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Reliance Steel's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's total debt growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Reliance Steel total debt as a starting point in their analysis.
Reliance Steel Total Debt |
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In most industries, total debt may also include the current portion of long-term debt. Since debt terms vary widely from one company to another, simply comparing outstanding debt obligations between different companies may not be adequate. It is usually meant to compare total debt amounts between companies that operate within the same sector.
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Reliance Short Long Term Debt Total
Short Long Term Debt Total |
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Based on the latest financial disclosure, Reliance Steel Aluminum has a Total Debt of 1.38 B. This is 33.33% lower than that of the Metals & Mining sector and 63.4% lower than that of the Materials industry. The total debt for all United States stocks is 74.1% higher than that of the company.
Reliance Total Debt Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Reliance Steel's direct or indirect competition against its Total Debt to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Reliance Steel could also be used in its relative valuation, which is a method of valuing Reliance Steel by comparing valuation metrics of similar companies.Reliance Steel is currently under evaluation in total debt category among related companies.
Reliance Steel ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Reliance Steel's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Reliance Steel's managers, analysts, and investors.Environment Score | Governance Score | Social Score |
Reliance Steel Institutional Holders
Institutional Holdings refers to the ownership stake in Reliance Steel that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Reliance Steel's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Reliance Steel's value.| Shares | Amvescap Plc. | 2023-12-31 | 813.6 K | Lsv Asset Management | 2023-12-31 | 772 K | Norges Bank | 2023-12-31 | 667.5 K | Lord, Abbett & Co Llc | 2023-12-31 | 633.7 K | Northern Trust Corp | 2023-12-31 | 631.2 K | T. Rowe Price Investment Management,inc. | 2023-12-31 | 621.9 K | Bank Of New York Mellon Corp | 2023-12-31 | 582.8 K | Pacer Advisors, Inc. | 2023-12-31 | 536.5 K | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 514.4 K | Vanguard Group Inc | 2023-12-31 | 7 M | Blackrock Inc | 2023-12-31 | 6.3 M |
Reliance Fundamentals
| Return On Equity | 0.18 | ||||
| Return On Asset | 0.1 | ||||
| Profit Margin | 0.09 % | ||||
| Operating Margin | 0.1 % | ||||
| Current Valuation | 18.69 B | ||||
| Shares Outstanding | 57.43 M | ||||
| Shares Owned By Insiders | 0.58 % | ||||
| Shares Owned By Institutions | 81.25 % | ||||
| Number Of Shares Shorted | 692.07 K | ||||
| Price To Earning | 6.91 X | ||||
| Price To Book | 2.42 X | ||||
| Price To Sales | 1.26 X | ||||
| Revenue | 14.81 B | ||||
| Gross Profit | 5.26 B | ||||
| EBITDA | 1.98 B | ||||
| Net Income | 1.34 B | ||||
| Cash And Equivalents | 1.17 B | ||||
| Cash Per Share | 10.97 X | ||||
| Total Debt | 1.38 B | ||||
| Debt To Equity | 0.27 % | ||||
| Current Ratio | 3.25 X | ||||
| Book Value Per Share | 134.84 X | ||||
| Cash Flow From Operations | 1.67 B | ||||
| Short Ratio | 2.38 X | ||||
| Earnings Per Share | 22.64 X | ||||
| Price To Earnings To Growth | 1.20 X | ||||
| Target Price | 363.4 | ||||
| Number Of Employees | 15 K | ||||
| Beta | 0.88 | ||||
| Market Capitalization | 18.39 B | ||||
| Total Asset | 10.55 B | ||||
| Retained Earnings | 7.8 B | ||||
| Working Capital | 3.93 B | ||||
| Current Asset | 2.55 B | ||||
| Current Liabilities | 989.7 M | ||||
| Annual Yield | 0.01 % | ||||
| Five Year Return | 2.05 % | ||||
| Net Asset | 10.55 B | ||||
| Last Dividend Paid | 4.0 |
About Reliance Steel Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Reliance Steel Aluminum's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Reliance Steel using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Reliance Steel Aluminum based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Reliance Steel Investors Sentiment
The influence of Reliance Steel's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Reliance. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Reliance Steel's public news can be used to forecast risks associated with an investment in Reliance. The trend in average sentiment can be used to explain how an investor holding Reliance can time the market purely based on public headlines and social activities around Reliance Steel Aluminum. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Reliance Steel's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Reliance Steel's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Reliance Steel's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Reliance Steel.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Reliance Steel in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Reliance Steel's short interest history, or implied volatility extrapolated from Reliance Steel options trading.
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When determining whether Reliance Steel Aluminum is a strong investment it is important to analyze Reliance Steel's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Reliance Steel's future performance. For an informed investment choice regarding Reliance Stock, refer to the following important reports:Check out Reliance Steel Piotroski F Score and Reliance Steel Altman Z Score analysis. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Complementary Tools for Reliance Stock analysis
When running Reliance Steel's price analysis, check to measure Reliance Steel's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Reliance Steel is operating at the current time. Most of Reliance Steel's value examination focuses on studying past and present price action to predict the probability of Reliance Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Reliance Steel's price. Additionally, you may evaluate how the addition of Reliance Steel to your portfolios can decrease your overall portfolio volatility.
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Is Reliance Steel's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Reliance Steel. If investors know Reliance will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Reliance Steel listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.20) | Dividend Share 4 | Earnings Share 22.64 | Revenue Per Share 253.839 | Quarterly Revenue Growth (0.08) |
The market value of Reliance Steel Aluminum is measured differently than its book value, which is the value of Reliance that is recorded on the company's balance sheet. Investors also form their own opinion of Reliance Steel's value that differs from its market value or its book value, called intrinsic value, which is Reliance Steel's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Reliance Steel's market value can be influenced by many factors that don't directly affect Reliance Steel's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Reliance Steel's value and its price as these two are different measures arrived at by different means. Investors typically determine if Reliance Steel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Reliance Steel's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.