What is Reliance Global Group Cash-to-Debt?
Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Reliance Global Group's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.09.
If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Reliance Global Group couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.
The historical rank and industry rank for Reliance Global Group's Cash-to-Debt or its related term are showing as below:
RELI'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.41 Max: No Debt
Current: 0.09
During the past 10 years, Reliance Global Group's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 0.41.
Reliance Global Group Cash-to-Debt Historical Data
The historical data trend for Reliance Global Group's Cash-to-Debt can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
Reliance Global Group Cash-to-Debt Chart
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Reliance Global Group Annual Data
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Trend |
Aug13 |
Aug14 |
Aug15 |
Aug16 |
Aug17 |
Dec19 |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Cash-to-Debt |
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- |
- |
0.44 |
0.03 |
0.09 |
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Reliance Global Group Quarterly Data
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Mar19 |
Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
| Cash-to-Debt |
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0.03 |
0.14 |
0.08 |
0.12 |
0.09 |
Competitive Comparison of Reliance Global Group's Cash-to-Debt
For the Insurance Brokers subindustry, Reliance Global Group's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Reliance Global Group's Cash-to-Debt Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, Reliance Global Group's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Reliance Global Group's Cash-to-Debt falls into.
Reliance Global Group Cash-to-Debt Calculation
This is the ratio of a company's
Cash, Cash Equivalents, Marketable Securities
to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.
Reliance Global Group's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:
Reliance Global Group's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Reliance Global Group (Reliance Global Group) Business Description
Traded in Other Exchanges
N/A
Address
300 Boulevard of the Americas, Suite 105, Lakewood, NJ, USA, 08701
Reliance Global Group Inc operates as a holding company with diversified interests in the insurance market, as well as other related sectors. The company focuses on growing by pursuing an acquisition strategy, initially and primarily focused on wholesale and retail insurance agencies. Its primary strategy is to identify specific risks to reward arbitrage opportunities and develop these on a national platform, thereby increasing revenues and returns, and then identify and acquire undervalued wholesale and retail insurance agencies with operations in growing or underserved segments, expand and optimize their operations, and achieve asset value appreciation while generating interim cash flows. It generates revenue in the form of commissions.
Executives
| Yaakov Beyman |
officer: Executive VP, Insurance |
300 BLVD. OF THE AMERICAS, SUITE 105, LAKEWOOD NJ 08701 |
| Ezra Beyman |
officer: CEO |
300 BLVD OF THE AMERICAS, SUITE 105, LAKEWOOD NJ 08701 |
| Scott Korman |
director |
C/O NASHONE, INC., 175 ELM ROAD, ENGLEWOOD NJ 07361 |
| William Y. Lebovics |
officer: Chief Financial Officer |
300 BLVD. OF THE AMERICAS, SUITE 105, LAKEWOOD NJ 08701 |
| Joel Markovits |
officer: Chief Accounting Officer |
300 BLVD. OF THE AMERICAS, SUITE 105, LAKEWOOD NJ 08701 |
| Reliance Global Holdings Llc |
officer: CEO |
300 BLVD. OF THE AMERICAS., SUITE 105, LAKEWOOD NJ 08701 |
| Miriam Spitz |
other: Director of Investor Services |
18 SCENIC DRIVE, SUFFERN NY 10901 |
| Alex Blumenfrucht |
officer: CFO |
517 REYNOLDS AVE, TOMS RIVER NJ 08755 |
| Jack Namer |
director, 10 percent owner, officer: Chief Executive Officer |
1500 NW 65TH AVENUE PLANTATION FL 33313 |
| Amy M. Nalewaik |
10 percent owner |
1500 NW 65TH AVENUE PLANTATION FL 33313 |
Reliance Global Group (Reliance Global Group) Headlines
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