Reliance Historical Balance Sheet

RELIW Stock

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Trend analysis of Reliance Global Group balance sheet accounts such as Net Debt of 6.8 M, Accounts Payable of 386.5 K, Cash of 677.7 K or Non Current Assets Total of 12.4 M provides information on Reliance Global's total assets, liabilities, and equity, which is the actual value of Reliance Global Group to its prevalent stockholders. By breaking down trends over time using Reliance Global balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Reliance Global Group latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Reliance Global Group is a good buy for the upcoming year.

Reliance Global Inventory

937,752

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Reliance Global Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

About Reliance Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Reliance Global Group at a specified time, usually calculated after every quarter, six months, or one year. Reliance Global Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Reliance Global and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Reliance currently owns. An asset can also be divided into two categories, current and non-current.

Reliance Global Balance Sheet Chart

Reliance Global reported Accumulated Other Comprehensive Income of (20 Million) in 2023. Common Stock Shares Outstanding is likely to climb to about 318.2 K in 2024, whereas Total Current Liabilities is likely to drop slightly above 3 M in 2024.

Total Assets Total Current Liabilities Property Plant And Equipment Net Accounts Payable

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Total Assets

Total assets refers to the total amount of Reliance Global assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Reliance Global Group books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Total Current Liabilities

Total Current Liabilities is an item on Reliance Global balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Reliance Global Group are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

Property Plant And Equipment Net

The total value of a company's physical assets (such as land, buildings, and equipment) used in operations, net of depreciation. It reflects the company's investment in assets used for production.

Accounts Payable

An accounting item on the balance sheet that represents Reliance Global obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Reliance Global Group are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Most accounts from Reliance Global's balance sheet are interrelated and interconnected. However, analyzing balance sheet accounts one by one will only give a small insight into Reliance Global Group current financial condition. On the other hand, looking into the entire matrix of balance sheet accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Reliance Global Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

	2021	2022	2023	2024 (projected)
Total Current Liabilities	45.0M	7.8M	3.2M	3.0M
Total Assets	27.7M	38.4M	23.0M	13.3M

Total Current Liabilities Total Assets

Reliance Global balance sheet Correlations

	Total Assets	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Non Current Liabilities Total	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Common Stock	Common Stock Shares Outstanding	Short Long Term Debt Total	Other Current Liab	Current Deferred Revenue	Net Invested Capital	Short Long Term Debt
Total Assets		0.58	-0.12	-0.18	0.75	-0.8	0.9	0.57	0.93	-0.79	0.57	0.82	0.78	0.88	0.58	0.84	0.87	-0.15	0.75	0.63	0.91	0.91	0.43	0.34	0.45	0.34
Total Current Liabilities	0.58		-0.87	-0.12	0.19	-0.53	0.39	0.94	0.45	-0.83	0.91	0.46	0.42	0.32	0.76	0.3	0.9	-0.12	0.8	0.88	0.58	0.37	0.97	0.53	-0.36	0.07
Total Stockholder Equity	-0.12	-0.87		0.07	0.15	0.1	0.04	-0.77	-0.02	0.55	-0.71	-0.01	-0.05	0.09	-0.49	0.2	-0.59	0.1	-0.46	-0.7	-0.17	0.07	-0.9	-0.53	0.71	0.03
Property Plant And Equipment Net	-0.18	-0.12	0.07		-0.32	0.38	-0.26	-0.12	-0.2	0.05	-0.15	-0.35	-0.39	-0.26	-0.27	-0.24	-0.21	0.97	-0.22	-0.27	-0.12	-0.34	0.0	-0.23	-0.28	-0.35
Net Debt	0.75	0.19	0.15	-0.32		-0.59	0.75	0.15	0.9	-0.39	0.16	0.63	0.89	0.95	0.29	0.64	0.52	-0.33	0.37	0.48	0.65	0.86	-0.02	0.6	0.77	0.81
Retained Earnings	-0.8	-0.53	0.1	0.38	-0.59		-0.7	-0.67	-0.72	0.52	-0.73	-0.96	-0.83	-0.68	-0.87	-0.9	-0.75	0.31	-0.91	-0.68	-0.65	-0.8	-0.4	-0.18	-0.46	-0.23
Accounts Payable	0.9	0.39	0.04	-0.26	0.75	-0.7		0.36	0.87	-0.72	0.36	0.82	0.72	0.84	0.45	0.79	0.7	-0.3	0.57	0.45	0.87	0.86	0.22	0.28	0.55	0.42
Cash	0.57	0.94	-0.77	-0.12	0.15	-0.67	0.36		0.41	-0.72	0.99	0.57	0.44	0.29	0.89	0.42	0.86	-0.07	0.9	0.87	0.5	0.37	0.93	0.35	-0.3	-0.05
Non Current Assets Total	0.93	0.45	-0.02	-0.2	0.9	-0.72	0.87	0.41		-0.7	0.41	0.75	0.86	0.98	0.45	0.81	0.76	-0.17	0.62	0.57	0.9	0.88	0.28	0.48	0.6	0.54
Non Currrent Assets Other	-0.79	-0.83	0.55	0.05	-0.39	0.52	-0.72	-0.72	-0.7		-0.68	-0.55	-0.45	-0.57	-0.53	-0.52	-0.9	0.07	-0.7	-0.64	-0.88	-0.53	-0.77	-0.39	0.08	-0.1
Cash And Short Term Investments	0.57	0.91	-0.71	-0.15	0.16	-0.73	0.36	0.99	0.41	-0.68		0.64	0.5	0.29	0.94	0.48	0.85	-0.1	0.94	0.86	0.5	0.39	0.89	0.32	-0.23	-0.04
Net Receivables	0.82	0.46	-0.01	-0.35	0.63	-0.96	0.82	0.57	0.75	-0.55	0.64		0.83	0.7	0.8	0.91	0.72	-0.33	0.84	0.61	0.7	0.84	0.31	0.18	0.54	0.31
Common Stock Total Equity	0.78	0.42	-0.05	-0.39	0.89	-0.83	0.72	0.44	0.86	-0.45	0.5	0.83		0.87	0.65	0.75	0.7	-0.38	0.68	0.71	0.66	0.88	0.23	0.6	0.65	0.71
Non Current Liabilities Total	0.88	0.32	0.09	-0.26	0.95	-0.68	0.84	0.29	0.98	-0.57	0.29	0.7	0.87		0.36	0.78	0.66	-0.23	0.51	0.5	0.83	0.88	0.14	0.49	0.71	0.62
Other Current Assets	0.58	0.76	-0.49	-0.27	0.29	-0.87	0.45	0.89	0.45	-0.53	0.94	0.8	0.65	0.36		0.6	0.78	-0.23	0.95	0.84	0.45	0.53	0.69	0.29	0.02	0.11
Other Stockholder Equity	0.84	0.3	0.2	-0.24	0.64	-0.9	0.79	0.42	0.81	-0.52	0.48	0.91	0.75	0.78	0.6		0.62	-0.15	0.74	0.38	0.78	0.79	0.18	-0.02	0.65	0.15
Total Liab	0.87	0.9	-0.59	-0.21	0.52	-0.75	0.7	0.86	0.76	-0.9	0.85	0.72	0.7	0.66	0.78	0.62		-0.2	0.88	0.87	0.82	0.72	0.8	0.53	0.04	0.26
Property Plant And Equipment Gross	-0.15	-0.12	0.1	0.97	-0.33	0.31	-0.3	-0.07	-0.17	0.07	-0.1	-0.33	-0.38	-0.23	-0.23	-0.15	-0.2		-0.15	-0.28	-0.11	-0.34	0.02	-0.33	-0.25	-0.46
Total Current Assets	0.75	0.8	-0.46	-0.22	0.37	-0.91	0.57	0.9	0.62	-0.7	0.94	0.84	0.68	0.51	0.95	0.74	0.88	-0.15		0.82	0.65	0.63	0.74	0.26	0.09	0.06
Common Stock	0.63	0.88	-0.7	-0.27	0.48	-0.68	0.45	0.87	0.57	-0.64	0.86	0.61	0.71	0.5	0.84	0.38	0.87	-0.28	0.82		0.5	0.58	0.77	0.72	-0.05	0.43
Common Stock Shares Outstanding	0.91	0.58	-0.17	-0.12	0.65	-0.65	0.87	0.5	0.9	-0.88	0.5	0.7	0.66	0.83	0.45	0.78	0.82	-0.11	0.65	0.5		0.74	0.46	0.32	0.36	0.26
Short Long Term Debt Total	0.91	0.37	0.07	-0.34	0.86	-0.8	0.86	0.37	0.88	-0.53	0.39	0.84	0.88	0.88	0.53	0.79	0.72	-0.34	0.63	0.58	0.74		0.16	0.42	0.67	0.59
Other Current Liab	0.43	0.97	-0.9	0.0	-0.02	-0.4	0.22	0.93	0.28	-0.77	0.89	0.31	0.23	0.14	0.69	0.18	0.8	0.02	0.74	0.77	0.46	0.16		0.39	-0.54	-0.14
Current Deferred Revenue	0.34	0.53	-0.53	-0.23	0.6	-0.18	0.28	0.35	0.48	-0.39	0.32	0.18	0.6	0.49	0.29	-0.02	0.53	-0.33	0.26	0.72	0.32	0.42	0.39		0.05	0.81
Net Invested Capital	0.45	-0.36	0.71	-0.28	0.77	-0.46	0.55	-0.3	0.6	0.08	-0.23	0.54	0.65	0.71	0.02	0.65	0.04	-0.25	0.09	-0.05	0.36	0.67	-0.54	0.05		0.55
Short Long Term Debt	0.34	0.07	0.03	-0.35	0.81	-0.23	0.42	-0.05	0.54	-0.1	-0.04	0.31	0.71	0.62	0.11	0.15	0.26	-0.46	0.06	0.43	0.26	0.59	-0.14	0.81	0.55

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Reliance Global Account Relationship Matchups

Reliance Global balance sheet Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	17.0M	17.9M	27.7M	38.4M	23.0M	13.3M
Total Current Liabilities	4.7M	6.9M	45.0M	7.8M	3.2M	3.0M
Total Stockholder Equity	642.3K	114.4K	(26.1M)	8.9M	7.1M	7.5M
Retained Earnings	(8.8M)	(12.5M)	(33.5M)	(27.0M)	(39.0M)	(37.1M)
Cash And Short Term Investments	6.7K	45.2K	4.1M	505.4K	1.3M	1.4M
Other Current Assets	32.3K	528.2K	2.8M	249.3K	1.7M	1.8M
Total Liab	16.4M	17.8M	53.7M	29.5M	15.9M	13.8M
Total Current Assets	647.0K	810.1K	8.0M	3.3M	4.4M	4.6M
Common Stock	352.7K	363.5K	940.8K	104.9K	409.5K	257.5K
Short Long Term Debt Total	13.3M	14.0M	9.4M	16.4M	14.5M	10.9M
Short Term Debt	4.5M	5.7M	1.2M	1.6M	2.2M	2.6M
Long Term Debt	8.4M	8.0M	7.4M	14.0M	11.9M	9.4M
Good Will	8.5M	9.3M	10.1M	19.1M	6.7M	10.2M
Intangible Assets	6.6M	5.7M	7.1M	13.8M	11.0M	8.2M

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Reliance Historical Balance Sheet

Reliance Global Inventory

937,752

About Reliance Balance Sheet Analysis

Reliance Global Balance Sheet Chart

Total Assets

Total Current Liabilities

Property Plant And Equipment Net

Accounts Payable

Reliance Global balance sheet Correlations

Reliance Global Account Relationship Matchups

High Positive Relationship

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Reliance Global balance sheet Accounts

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Cash And Short Term Investments	+ 0.99	Cash
Non Current Liabilities Total	+ 0.98	Non Current Assets Total
Other Current Liab	+ 0.97	Total Current Liabilities
Property Plant And Equipment Gross	+ 0.97	Property Plant And Equipment Net
Non Current Liabilities Total	+ 0.95	Net Debt
Total Current Assets	+ 0.95	Other Current Assets

Net Receivables	- 0.96	Retained Earnings
Total Current Assets	- 0.91	Retained Earnings
Total Liab	- 0.9	Non Currrent Assets Other
Other Stockholder Equity	- 0.9	Retained Earnings
Other Current Liab	- 0.9	Total Stockholder Equity
Common Stock Shares Outstanding	- 0.88	Non Currrent Assets Other