Friedman Industries Balance Sheet Health
Financial Health criteria checks 5/6
Friedman Industries has a total shareholder equity of $128.8M and total debt of $35.9M, which brings its debt-to-equity ratio to 27.8%. Its total assets and total liabilities are $209.2M and $80.4M respectively. Friedman Industries's EBIT is $11.7M making its interest coverage ratio 3.6. It has cash and short-term investments of $2.5M.
Key information
27.8%
Debt to equity ratio
US$35.86m
Debt
| Interest coverage ratio | 3.6x |
| Cash | US$2.47m |
| Equity | US$128.76m |
| Total liabilities | US$80.40m |
| Total assets | US$209.17m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: FRD's short term assets ($148.0M) exceed its short term liabilities ($36.4M).
Long Term Liabilities: FRD's short term assets ($148.0M) exceed its long term liabilities ($44.0M).
Debt to Equity History and Analysis
Debt Level: FRD's net debt to equity ratio (25.9%) is considered satisfactory.
Reducing Debt: FRD's debt to equity ratio has increased from 0% to 27.8% over the past 5 years.
Debt Coverage: FRD's debt is well covered by operating cash flow (83.5%).
Interest Coverage: FRD's interest payments on its debt are well covered by EBIT (3.6x coverage).