Reliance Steel & Aluminum Co (RS)
Debt-to-capital ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 7,219,600 | 7,722,300 | 7,087,400 | 6,086,500 | 5,115,400 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $7,219,600K)
= 0.00
The debt-to-capital ratio for Reliance Steel & Aluminum Co has consistently been 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized debt significantly in relation to its total capital structure during this period. A debt-to-capital ratio of 0.00 implies that the company's capital has primarily been funded through equity rather than debt. This could suggest a conservative approach to financing, potentially minimizing financial risk and maintaining a strong financial position. Nonetheless, it is essential to consider other financial metrics and qualitative factors to gain a comprehensive understanding of the company's overall financial health and performance.