Friedman Industries Balance Sheet Health
Financial Health criteria checks 5/6
Friedman Industries has a total shareholder equity of $122.7M and total debt of $46.0M, which brings its debt-to-equity ratio to 37.4%. Its total assets and total liabilities are $229.0M and $106.2M respectively. Friedman Industries's EBIT is $24.8M making its interest coverage ratio 8.7. It has cash and short-term investments of $4.0M.
Key information
37.4%
Debt to equity ratio
US$45.96m
Debt
Interest coverage ratio | 8.7x |
Cash | US$4.01m |
Equity | US$122.74m |
Total liabilities | US$106.21m |
Total assets | US$228.96m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: FRD's short term assets ($170.9M) exceed its short term liabilities ($54.6M).
Long Term Liabilities: FRD's short term assets ($170.9M) exceed its long term liabilities ($51.6M).
Debt to Equity History and Analysis
Debt Level: FRD's net debt to equity ratio (34.2%) is considered satisfactory.
Reducing Debt: FRD's debt to equity ratio has increased from 0% to 37.4% over the past 5 years.
Debt Coverage: FRD's debt is well covered by operating cash flow (45.3%).
Interest Coverage: FRD's interest payments on its debt are well covered by EBIT (8.7x coverage).