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Reliance Inc   (RS)
Other Ticker:  
 
    Sector  Basic Materials    Industry Iron & Steel
   Industry Iron & Steel
   Sector  Basic Materials

Reliance Inc 's Quick Ratio

RS's quarterly Quick Ratio and Cash & cash equivalent, Current Liabilities growth


Reliance Inc 's Cash & cash equivalent grew by 10.57 % in the IV Quarter 2023 sequentially, while Current Liabilities decreased, this led to improvement in Reliance Inc 's Quick Ratio to 1.28 a new company high.

Within Iron & Steel industry 2 other companies have achieved higher Quick Ratio than Reliance Inc in forth quarter 2023. While Quick Ratio total ranking in the forth quarter 2023 has deteriorated compared to the prior quarter from 434 to 520.

Explain Quick Ratio?
How much Cash & cash equivalents RSīs has?
What are RSīs Current Liabilities?


RS Quick Ratio (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Current Liabilities Change -38.66 % -40.6 % -43.7 % -18.6 % 29.14 %
Y / Y Cash & cash equivalent Change -7.94 % 51.76 % 61.8 % 48.94 % 290.48 %
Quick Ratio MRQ 1.28 1.11 0.87 0.84 0.85
RS's Total Ranking # 520 # 434 # 1794 # 1187 # 795
Seq. Current Liabilities Change -3.99 % -6.3 % -3.85 % -29.08 % -7.02 %
Seq. Cash & cash equivalent Change 10.57 % 19.67 % 0.01 % -30.44 % 82.29 %



Quick Ratio forth quarter 2023 Company Ranking
Within: No.
Iron & Steel Industry # 3
Basic Materials Sector # 30
Overall Market # 520


Quick Ratio Statistics
High Average Low
1.28 0.35 0.1
(Dec 31 2023)   (Mar 31 2012)




Financial Statements
Reliance Inc 's Current Liabilities $ 844 Millions Visit RS's Balance sheet
Reliance Inc 's Cash & cash equivalent $ 1,080 Millions Visit RS's Balance sheet
Source of RS's Sales Visit RS's Sales by Geography


Cumulative Reliance Inc 's Quick Ratio

RS's Quick Ratio for the trailling 12 Months

RS Quick Ratio

(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Current Liabilities TTM Growth -38.66 % -40.6 % -43.7 % -18.6 % 29.14 %
Y / Y Cash & cash equivalent TTM Growth -7.94 % 51.76 % 61.8 % 48.94 % 290.48 %
Quick Ratio TTM 1.01 0.91 0.72 0.57 0.5
Total Ranking TTM # 559 # 1279 # 3942 # 1264 # 893
Seq. Current Liabilities TTM Growth -3.99 % -6.3 % -3.85 % -29.08 % -7.02 %
Seq. Cash & cash equivalent TTM Growth 10.57 % 19.67 % 0.01 % -30.44 % 82.29 %


On the trailing twelve months basis Current Liabilities decreased faster than Reliance Inc 's average Cash & cash equivalent, this led to increase in in Reliance Inc 's Quick Ratio to 1.01, above RS average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Iron & Steel industry RS achieved the highest Quick Ratio. While Quick Ratio overall ranking has improved so far to 559, from total ranking during the twelve months ending third quarter 2023 at 1279.

Explain Quick Ratio?
How much Cash & cash equivalents RSīs has?
What are RSīs Current Liabilities?

TTM Quick Ratio Company Ranking
Within: No.
Within the Iron & Steel Industry # 1
Basic Materials Sector # 42
Within the Market # 559


trailing twelve months Quick Ratio Statistics
High Average Low
1.01 0.34 0.11
(Dec 31 2023)   (June 30. 2016)




Companies with similar Quick Ratio in the quarter ending Dec 31 2023, within Iron & Steel Industry Quick RatioDec 31 2023 MRQ Cash & cash equivalentDec 31 2023 MRQ Current Liabilities
Insteel Industries Inc  2.56 $ 85.615  Millions$ 33.437  Millions
Inno Holdings Inc   1.83 $ 7.677  Millions$ 4.207  Millions
Reliance Inc   1.28 $ 1,080.200  Millions$ 843.600  Millions
Ati Inc   0.91 $ 743.900  Millions$ 813.500  Millions
Steel Dynamics Inc   0.91 $ 2,122.097  Millions$ 2,332.296  Millions
Commercial Metals Company  0.90 $ 704.603  Millions$ 786.955  Millions
United States Steel Corp  0.75 $ 2,948.000  Millions$ 3,948.000  Millions
Tenaris Sa  0.65 $ 1,894.222  Millions$ 2,901.975  Millions
Suncoke Energy Inc   0.63 $ 140.100  Millions$ 223.800  Millions
Gibraltar Industries Inc   0.55 $ 99.426  Millions$ 180.843  Millions
Ternium S a   0.49 $ 1,846.013  Millions$ 3,800.602  Millions
Arcelormittal  0.35 $ 7,686.000  Millions$ 21,769.000  Millions

Date modified: 2024-03-01T04:41:26+00:00



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