Reliance Steel & Aluminum Co (RS)

Debt-to-assets ratio

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Long-term debt US$ in thousands
Total assets US$ in thousands 10,021,800 10,300,800 10,448,100 10,712,200 10,547,800 10,492,900 10,440,400 10,203,200 10,329,900 10,202,200 10,402,700 10,114,200 9,536,000 9,252,400 8,930,000 8,549,000 8,106,800 7,998,700 7,724,100 8,085,500
Debt-to-assets ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 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 for the past several quarters, indicating that the company has not utilized debt significantly to finance its operations or investments. A debt-to-assets ratio of 0.00 suggests that the company's assets are primarily funded by equity rather than debt, which can be viewed positively as it signifies lower financial risk and a strong financial position. It is essential to monitor this ratio over time to assess any potential changes in the company's capital structure and financial leverage.