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Reliance RS Interest coverage

Interest coverage at other companies

Steel Dynamics logo
Steel DynamicsSTLD
19.1×-6.9×
Carpenter Technology logo
Carpenter TechnologyCRS
15.3×+5.6×
Alcoa logo
AlcoaAA
7.4×-0.7×
ATI logo
ATIATI
11×+6.2×
Howmet Aerospace logo
Howmet AerospaceHWM
116.6×+111×

Other financials

Income statement

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Revenue$4.0B+15.5%
Gross profit$1.2B+13.4%
Operating income$367.9M+34.1%
Net income$264.9M+32.7%
EPS (diluted)$5.10+36.4%

Balance sheet

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Cash & equivalents$249.7M-10.1%
Total debt$2.0B+15.3%
Total equity$7.1B+0.3%
Total assets$10.8B+4.3%

Cash flow

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Operating cash flow$151.4M+135%
CapEx$64.2M-26.1%
Free cash flow$87.2M+489%

Valuation

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Market cap$20.63B+2.8%
Enterprise value$22.41B+4.3%
P/E25.6×-0.4×
P/S1.4×-0.1×

Profitability

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Gross margin28.6%-0.7pp
Operating margin7.5%-0.2pp
Net margin5.4%-0.2pp

Returns & leverage

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Return on equity11.3%+1.0pp
Debt / equity0.3×0.0×
Current ratio4.4×+1.2×

Where this comes from

Calculated from Reliance’s reported figures.

Based on trailing twelve months.

The official record: Reliance’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Reliance's interest coverage?
Reliance (RS) reported interest coverage of 18.6× in Q1 2026.
How has Reliance's interest coverage changed year-over-year?
Reliance's interest coverage decreased by 25.0% year-over-year, from 24.7× to 18.6×.
What is the long-term trend for Reliance's interest coverage?
Over 4 years (2021 to 2025), Reliance's interest coverage has grown at a -1.3% compound annual growth rate (CAGR), from 88.6× to 84.1×.
What does interest coverage mean?
How many times the company's operating profit covers its interest bill.
How do you interpret interest coverage?
Higher is safer; below ~2× is a warning that earnings provide little cushion against the debt burden. Debt-free companies have no interest expense and the ratio is left blank.
How does interest coverage compare across companies?
Comparable across leveraged non-financials; less relevant for net-cash companies with negligible interest.