Friedman Industries, Incorporated

NYSEAM:FRD Stock Report

Market Cap: US$121.9m

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 ratio8.7x
CashUS$4.01m
EquityUS$122.74m
Total liabilitiesUS$106.21m
Total assetsUS$228.96m

Recent financial health updates

Recent updates

The Friedman Industries (NYSEMKT:FRD) Share Price Is Up 51% And Shareholders Are Holding On

Feb 07
The Friedman Industries (NYSEMKT:FRD) Share Price Is Up 51% And Shareholders Are Holding On

We Wouldn't Be Too Quick To Buy Friedman Industries, Incorporated (NYSEMKT:FRD) Before It Goes Ex-Dividend

Jan 03
We Wouldn't Be Too Quick To Buy Friedman Industries, Incorporated (NYSEMKT:FRD) Before It Goes Ex-Dividend

Does Friedman Industries (NYSEMKT:FRD) Have A Healthy Balance Sheet?

Dec 19
Does Friedman Industries (NYSEMKT:FRD) Have A Healthy Balance Sheet?

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).


Balance Sheet


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