Reliance Steel & Aluminum Co (RS)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $7,219,600K
= 0.00
The debt-to-equity ratio of Reliance Steel & Aluminum Co has been consistently at 0.00 from December 31, 2020, to December 31, 2024. A debt-to-equity ratio of 0.00 typically indicates that the company has no debt relative to its equity. This may suggest that the company's operations are predominantly financed by equity rather than debt, which can be a positive indicator of financial stability and lower financial risk. However, it's important to note that a very low or zero debt-to-equity ratio may also imply missed opportunities for leveraging debt for potential growth or tax advantages. Overall, a low debt-to-equity ratio signifies a conservative financial structure for Reliance Steel & Aluminum Co during the specified period.