Friedman Common Stock vs Long Term Debt Analysis

FRD Stock  USD 15.89  0.56  3.40%   
Friedman Industries financial indicator trend analysis is much more than just examining Friedman Industries latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Friedman Industries is a good investment. Please check the relationship between Friedman Industries Common Stock and its Long Term Debt accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Friedman Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For information on how to trade Friedman Stock refer to our How to Trade Friedman Stock guide.

Common Stock vs Long Term Debt

Common Stock vs Long Term Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Friedman Industries Common Stock account and Long Term Debt. At this time, the significance of the direction appears to have strong relationship.
The correlation between Friedman Industries' Common Stock and Long Term Debt is 0.71. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Long Term Debt in the same time period over historical financial statements of Friedman Industries, assuming nothing else is changed. The correlation between historical values of Friedman Industries' Common Stock and Long Term Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock of Friedman Industries are associated (or correlated) with its Long Term Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Long Term Debt has no effect on the direction of Common Stock i.e., Friedman Industries' Common Stock and Long Term Debt go up and down completely randomly.

Correlation Coefficient

0.71
Relationship DirectionPositive 
Relationship StrengthSignificant

Common Stock

Long Term Debt

Long-term debt is a debt that Friedman Industries has held for over one year. Long-term debt appears on Friedman Industries balance sheet and also includes long-term leases. The most common forms of long term debt are bonds payable, long-term notes payable, mortgage payable, pension liabilities, and lease liabilities. In the corporate world, long-term debt is generally used to fund big-ticket items, such as machinery, buildings, and land. The total of long-term debt reported on Friedman Industries balance sheet is the sum of the balances of all categories of long-term debt. Debt that is not due within the current year and is often considered to be financing activities that are to be repaid over several years.
Most indicators from Friedman Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Friedman Industries current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Friedman Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For information on how to trade Friedman Stock refer to our How to Trade Friedman Stock guide.At present, Friedman Industries' Tax Provision is projected to increase significantly based on the last few years of reporting. The current year's Enterprise Value Over EBITDA is expected to grow to 5.85, whereas Sales General And Administrative To Revenue is forecasted to decline to 0.03.
 2021 2022 2023 2024 (projected)
Total Operating Expenses12.5M22.0M47.9M50.3M
Cost Of Revenue244.2M504.5M443.8M466.0M

Friedman Industries fundamental ratios Correlations

0.980.720.930.970.980.950.99-0.510.98-0.12-0.510.980.620.970.980.43-0.390.981.0-0.040.950.99-0.27-0.070.96
0.980.680.880.940.980.960.97-0.460.98-0.12-0.460.940.51.00.950.33-0.440.970.96-0.090.90.99-0.33-0.130.99
0.720.680.890.560.610.670.68-0.360.630.15-0.360.710.170.650.650.82-0.560.80.740.230.850.69-0.420.440.67
0.930.880.890.830.850.850.9-0.440.87-0.02-0.440.940.460.860.850.71-0.540.970.940.140.990.9-0.360.180.86
0.970.940.560.830.970.930.98-0.540.97-0.18-0.540.930.750.940.990.25-0.230.910.96-0.120.860.95-0.14-0.20.9
0.980.980.610.850.970.980.98-0.581.0-0.11-0.580.950.630.980.970.31-0.330.950.96-0.10.880.99-0.26-0.120.96
0.950.960.670.850.930.980.95-0.690.98-0.04-0.690.930.580.950.950.37-0.30.930.93-0.090.870.98-0.25-0.010.94
0.990.970.680.90.980.980.95-0.510.98-0.17-0.510.960.660.970.980.39-0.370.970.990.00.910.97-0.26-0.120.94
-0.51-0.46-0.36-0.44-0.54-0.58-0.69-0.51-0.6-0.181.0-0.5-0.56-0.45-0.56-0.32-0.19-0.46-0.460.07-0.43-0.54-0.07-0.31-0.41
0.980.980.630.870.971.00.980.98-0.6-0.07-0.60.950.620.980.970.34-0.330.950.96-0.080.890.99-0.28-0.070.96
-0.12-0.120.15-0.02-0.18-0.11-0.04-0.17-0.18-0.07-0.18-0.16-0.25-0.13-0.120.20.11-0.07-0.14-0.25-0.03-0.06-0.310.75-0.12
-0.51-0.46-0.36-0.44-0.54-0.58-0.69-0.511.0-0.6-0.18-0.5-0.56-0.45-0.56-0.32-0.19-0.46-0.460.07-0.43-0.54-0.07-0.31-0.41
0.980.940.710.940.930.950.930.96-0.50.95-0.16-0.50.590.940.920.49-0.440.980.970.030.960.96-0.27-0.050.93
0.620.50.170.460.750.630.580.66-0.560.62-0.25-0.560.590.510.680.090.210.50.61-0.030.470.540.23-0.20.41
0.971.00.650.860.940.980.950.97-0.450.98-0.13-0.450.940.510.960.29-0.410.960.96-0.120.890.99-0.31-0.170.99
0.980.950.650.850.990.970.950.98-0.560.97-0.12-0.560.920.680.960.3-0.230.940.97-0.160.880.96-0.14-0.130.92
0.430.330.820.710.250.310.370.39-0.320.340.2-0.320.490.090.290.3-0.560.530.450.540.630.38-0.440.670.32
-0.39-0.44-0.56-0.54-0.23-0.33-0.3-0.37-0.19-0.330.11-0.19-0.440.21-0.41-0.23-0.56-0.5-0.41-0.46-0.49-0.40.8-0.14-0.48
0.980.970.80.970.910.950.930.97-0.460.95-0.07-0.460.980.50.960.940.53-0.50.990.020.980.97-0.350.020.96
1.00.960.740.940.960.960.930.99-0.460.96-0.14-0.460.970.610.960.970.45-0.410.99-0.020.960.97-0.26-0.070.94
-0.04-0.090.230.14-0.12-0.1-0.090.00.07-0.08-0.250.070.03-0.03-0.12-0.160.54-0.460.02-0.020.02-0.1-0.430.26-0.1
0.950.90.850.990.860.880.870.91-0.430.89-0.03-0.430.960.470.890.880.63-0.490.980.960.020.92-0.30.110.89
0.990.990.690.90.950.990.980.97-0.540.99-0.06-0.540.960.540.990.960.38-0.40.970.97-0.10.92-0.31-0.060.98
-0.27-0.33-0.42-0.36-0.14-0.26-0.25-0.26-0.07-0.28-0.31-0.07-0.270.23-0.31-0.14-0.440.8-0.35-0.26-0.43-0.3-0.31-0.4-0.36
-0.07-0.130.440.18-0.2-0.12-0.01-0.12-0.31-0.070.75-0.31-0.05-0.2-0.17-0.130.67-0.140.02-0.070.260.11-0.06-0.4-0.14
0.960.990.670.860.90.960.940.94-0.410.96-0.12-0.410.930.410.990.920.32-0.480.960.94-0.10.890.98-0.36-0.14
Click cells to compare fundamentals

Friedman Industries Account Relationship Matchups

Friedman Industries fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets77.3M95.0M159.3M199.3M230.0M241.5M
Other Current Liab600.0K6.5M16.0M2.2M10.3M10.8M
Total Current Liabilities9.6M29.1M60.8M45.1M54.1M56.8M
Total Stockholder Equity66.9M65.3M79.7M115.4M127.5M133.8M
Property Plant And Equipment Net11.5M15.5M30.1M55.2M59.6M62.6M
Net Debt(16.6M)(6.4M)15.9M30.2M40.2M42.2M
Retained Earnings34.5M45.4M58.9M79.7M96.3M101.1M
Cash17.1M8.2M2.6M3.0M2.9M2.7M
Non Current Assets Total12.1M17.5M33.9M55.7M60.0M63.0M
Non Currrent Assets Other262.1K148.5K1.7M452K356K338.2K
Cash And Short Term Investments17.1M8.2M2.6M3.0M2.9M2.7M
Net Receivables11.7M20.4M35.7M49.4M47.3M49.7M
Common Stock Shares Outstanding7.0M7.0M6.6M7.2M7.2M7.5M
Liabilities And Stockholders Equity77.3M95.0M159.3M199.3M230.0M241.5M
Non Current Liabilities Total833.4K596.6K18.8M38.8M48.4M50.9M
Inventory35.7M36.0M67.9M86.2M115.8M121.6M
Other Current Assets780.2K12.9M19.1M4.5M4.0M4.2M
Other Stockholder Equity24.0M22.8M22.7M27.2M22.3M40.5M
Total Liab10.5M29.7M79.6M83.9M102.5M107.7M
Total Current Assets65.2M77.5M125.4M143.7M170.1M178.6M
Short Term Debt100.7K1.6M157K107K54K51.3K
Accounts Payable8.9M15.2M44.6M36.8M41.5M43.6M
Property Plant And Equipment Gross11.5M15.5M56.1M82.4M91.0M95.5M
Accumulated Other Comprehensive Income(35.3M)(36.5M)0.0(11.2M)(10.3M)(317K)
Other Liab1.8M461.0K159.0K341.4K392.6K710.8K
Other Assets580.5K2.0M3.8M453K521.0K494.9K
Common Stock Total Equity8.2M8.3M8.3M8.9M10.2M8.7M
Common Stock8.3M8.3M8.3M8.9M8.9M8.8M
Property Plant Equipment11.5M15.5M30.1M53.9M62.0M65.1M
Net Tangible Assets66.9M65.3M79.7M115.4M132.7M77.4M
Retained Earnings Total Equity40.5M34.5M45.4M79.7M91.6M96.2M
Capital Surpluse29.6M30.0M30.4M35.0M40.3M32.8M
Non Current Liabilities Other472.2K424.6K221.8K96K86.4K82.1K
Long Term Debt Total368.3K172.0K160.9K33.2M38.1M40.1M

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Friedman Industries is a strong investment it is important to analyze Friedman Industries' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Friedman Industries' future performance. For an informed investment choice regarding Friedman Stock, refer to the following important reports:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Friedman Industries. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For information on how to trade Friedman Stock refer to our How to Trade Friedman Stock guide.
You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Is Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Friedman Industries. If investors know Friedman will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Friedman Industries listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.33)
Dividend Share
0.14
Earnings Share
1.14
Revenue Per Share
66.665
Quarterly Revenue Growth
1.802
The market value of Friedman Industries is measured differently than its book value, which is the value of Friedman that is recorded on the company's balance sheet. Investors also form their own opinion of Friedman Industries' value that differs from its market value or its book value, called intrinsic value, which is Friedman Industries' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Friedman Industries' market value can be influenced by many factors that don't directly affect Friedman Industries' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Friedman Industries' value and its price as these two are different measures arrived at by different means. Investors typically determine if Friedman Industries is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Friedman Industries' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.