Friedman Industries Inc financial data

Symbol
FRD on NYSE
Industry
Steel Works, Blast Furnaces & Rolling & Finishing Mills
Location
1121 Judson Rd, Suite 124, Longview, TX
State of incorporation
TX
Fiscal year end
March 31
Latest financial report
10-Q - Q2 2024 - Aug 8, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 366 % +23.1%
Quick Ratio 248 % +35.2%
Debt-to-equity 78.4 % -4.38%
Return On Equity 9.65 % -38.6%
Return On Assets 5.41 % -37.4%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 6.97M shares -5.5%
Entity Public Float 92M USD +87.4%
Common Stock, Value, Issued 8.87M USD +0.05%
Weighted Average Number of Shares Outstanding, Basic 6.94M shares -4.8%
Weighted Average Number of Shares Outstanding, Diluted 7.18M shares -0.45%

Income Statement

Label TTM Value / Value Unit Change %
Costs and Expenses 481M USD -4.6%
Operating Income (Loss) 12.8M USD -33.2%
Nonoperating Income (Expense) 17K USD -15%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 16.4M USD -31.2%
Income Tax Expense (Benefit) 4.14M USD -30.3%
Net Income (Loss) Attributable to Parent 12.2M USD -31.5%
Earnings Per Share, Basic 1.72 USD/shares -28.3%
Earnings Per Share, Diluted 1.72 USD/shares -28.3%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 4.15M USD -14%
Accounts Receivable, after Allowance for Credit Loss, Current 37.8M USD -19.3%
Inventory, Net 120M USD +18.4%
Other Assets, Current 701K USD -77.4%
Assets, Current 162M USD +4.05%
Deferred Income Tax Assets, Net 0 USD -100%
Property, Plant and Equipment, Net 57M USD +6.35%
Operating Lease, Right-of-Use Asset 3M USD +141%
Assets 223M USD +5.39%
Employee-related Liabilities, Current 1.25M USD -58%
Liabilities, Current 38.8M USD -9.8%
Deferred Income Tax Liabilities, Net 5.25M USD +18.1%
Operating Lease, Liability, Noncurrent 2.86M USD
Other Liabilities, Noncurrent 1.13M USD -11.6%
Liabilities 93.1M USD +5.76%
Accumulated Other Comprehensive Income (Loss), Net of Tax 0 USD
Retained Earnings (Accumulated Deficit) 98.6M USD +13%
Stockholders' Equity Attributable to Parent 130M USD +5.12%
Liabilities and Equity 223M USD +5.39%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -6.06M USD -32.2%
Net Cash Provided by (Used in) Financing Activities 5.37M USD -10.7%
Net Cash Provided by (Used in) Investing Activities -1.06M USD -134%
Common Stock, Shares Authorized 10M shares 0%
Common Stock, Shares, Issued 8.87M shares +0.05%
Common Stock, Par or Stated Value Per Share 1 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -1.75M USD -280%
Interest Paid, Excluding Capitalized Interest, Operating Activities 429K USD +1765%
Operating Lease, Liability 3.01M USD
Depreciation 531K USD +57.4%
Payments to Acquire Property, Plant, and Equipment 1.05M USD +134%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 12.2M USD -41.6%
Lessee, Operating Lease, Liability, to be Paid 6.37M USD +306%
Operating Lease, Liability, Current 149K USD
Lessee, Operating Lease, Liability, to be Paid, Year Two 371K USD +395%
Lessee, Operating Lease, Liability, to be Paid, Year One 363K USD +354%
Operating Lease, Weighted Average Discount Rate, Percent 0.08 pure +185%
Deferred Income Tax Expense (Benefit) 801K USD -75.9%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 3.36M USD +942%
Lessee, Operating Lease, Liability, to be Paid, Year Three 324K USD +332%
Current Income Tax Expense (Benefit) 3.34M USD +27.8%
Unrecognized Tax Benefits 0 USD
Lessee, Operating Lease, Liability, to be Paid, Year Four 5.04M USD +308%
Depreciation, Depletion and Amortization 795K USD +3.11%
Deferred Tax Assets, Net of Valuation Allowance 1.19M USD -16.4%
Interest Expense 3.21M USD +38%