Reliance Steel & Aluminum Co (RS)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 10,021,800 | 10,480,300 | 10,329,900 | 9,536,000 | 8,106,800 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $10,021,800K
= 0.00
Reliance Steel & Aluminum Co's debt-to-assets ratio has consistently remained at 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has no debt relative to its total assets during these periods. A debt-to-assets ratio of 0.00 suggests that the company's assets are entirely financed through equity, which can imply a strong financial position with lower financial risk. It also indicates that the company may have sufficient liquidity and financial stability to support its operations and growth without relying on significant debt financing.