This document analyzes and compares the financial performance of two companies, Reliance Worldwide Corporation Limited (RWC) and NRW Holdings Limited (NWH), over the years 2019 and 2020. It examines liquidity ratios like current and quick ratios, cash conversion cycles, debt ratios, interest coverage ratios, and returns on equity. For liquidity, RWC's ratios decreased from 2019 to 2020 while NWH's improved. NWH had a longer cash conversion cycle, indicating weaker working capital management. NWH also had higher debt ratios and lower interest coverage ratios compared to RWC. Finally, NWH's return on equity improved from 2019 to 2020 while RWC's decreased.