Friedman Net Debt vs Total Stockholder Equity Analysis
FRD Stock | USD 19.46 0.07 0.36% |
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 Net Debt and its Total Stockholder Equity 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 tightly coupled 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.
Net Debt vs Total Stockholder Equity
Net Debt vs Total Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Friedman Industries Net Debt account and Total Stockholder Equity. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Friedman Industries' Net Debt and Total Stockholder Equity is 0.92. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Total Stockholder Equity 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' Net Debt and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Friedman Industries are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Net Debt i.e., Friedman Industries' Net Debt and Total Stockholder Equity go up and down completely randomly.
Correlation Coefficient | 0.92 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Net Debt
The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.Total Stockholder Equity
The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.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 tightly coupled 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.The current year's Selling General Administrative is expected to grow to about 26.6 M. The current year's Tax Provision is expected to grow to about 8.3 M
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 12.5M | 22.0M | 25.3M | 26.6M | Cost Of Revenue | 244.2M | 504.5M | 580.1M | 609.1M |
Friedman Industries fundamental ratios Correlations
Click cells to compare fundamentals
Friedman Industries Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Friedman Industries fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 77.3M | 95.0M | 159.3M | 199.3M | 229.2M | 240.7M | |
Other Current Liab | 600.0K | 8.0M | 15.9M | 2.2M | 2.5M | 2.1M | |
Total Current Liabilities | 9.6M | 29.1M | 60.8M | 45.1M | 51.9M | 54.4M | |
Total Stockholder Equity | 66.9M | 65.3M | 79.7M | 115.4M | 132.7M | 139.4M | |
Property Plant And Equipment Net | 11.5M | 15.5M | 30.1M | 55.2M | 63.5M | 66.7M | |
Net Debt | (16.6M) | (6.4M) | 15.9M | 30.2M | 34.8M | 36.5M | |
Retained Earnings | 34.5M | 45.4M | 58.9M | 79.7M | 91.6M | 96.2M | |
Cash | 17.1M | 8.2M | 2.6M | 3.0M | 3.4M | 6.4M | |
Non Current Assets Total | 12.1M | 17.5M | 33.9M | 55.7M | 64.0M | 67.2M | |
Non Currrent Assets Other | 262.1K | 148.5K | 1.7M | 452K | 519.8K | 768.2K | |
Cash And Short Term Investments | 17.1M | 8.2M | 2.6M | 3.0M | 3.4M | 6.4M | |
Net Receivables | 11.7M | 20.4M | 35.7M | 49.4M | 56.8M | 59.6M | |
Common Stock Shares Outstanding | 7.0M | 7.0M | 6.6M | 7.2M | 8.3M | 7.5M | |
Liabilities And Stockholders Equity | 77.3M | 95.0M | 159.3M | 199.3M | 229.2M | 240.7M | |
Non Current Liabilities Total | 833.4K | 596.6K | 18.8M | 38.8M | 44.6M | 46.8M | |
Inventory | 35.7M | 36.0M | 67.9M | 86.2M | 99.2M | 104.1M | |
Other Current Assets | 780.2K | 12.9M | 14.9M | 4.5M | 5.2M | 5.5M | |
Other Stockholder Equity | 24.0M | 22.8M | 22.7M | 27.2M | 31.3M | 40.9M | |
Total Liab | 10.5M | 29.7M | 79.6M | 83.9M | 96.5M | 101.3M | |
Total Current Assets | 65.2M | 77.5M | 125.4M | 143.7M | 165.2M | 173.5M | |
Short Term Debt | 100.7K | 1.6M | 104.7K | 107K | 96.3K | 91.5K | |
Accounts Payable | 8.9M | 15.2M | 44.8M | 36.8M | 42.4M | 44.5M | |
Property Plant And Equipment Gross | 11.5M | 15.5M | 56.1M | 82.4M | 94.7M | 99.5M | |
Accumulated Other Comprehensive Income | 0.0 | (11.2M) | (10.3M) | (317K) | (285.3K) | (299.6K) | |
Other Liab | 1.8M | 461.0K | 159.0K | 341.4K | 392.6K | 710.8K | |
Other Assets | 580.5K | 2.0M | 3.8M | 453K | 521.0K | 494.9K | |
Common Stock Total Equity | 8.2M | 8.3M | 8.3M | 8.9M | 10.2M | 8.7M | |
Common Stock | 8.3M | 8.3M | 8.3M | 8.9M | 10.2M | 8.8M | |
Property Plant Equipment | 11.5M | 15.5M | 30.1M | 53.9M | 62.0M | 65.1M | |
Net Tangible Assets | 66.9M | 65.3M | 79.7M | 115.4M | 132.7M | 77.4M | |
Retained Earnings Total Equity | 40.5M | 34.5M | 45.4M | 79.7M | 91.6M | 96.2M | |
Capital Surpluse | 29.6M | 30.0M | 30.4M | 35.0M | 40.3M | 32.8M | |
Non Current Liabilities Other | 472.2K | 424.6K | 221.8K | 96K | 86.4K | 82.1K | |
Long Term Debt Total | 368.3K | 172.0K | 160.9K | 33.2M | 38.1M | 40.1M |
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Try AI Portfolio ArchitectCheck 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 tightly coupled 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 Global Correlations module to find global opportunities by holding instruments from different markets.
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Is Friedman Industries' industry 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 0.08 | Earnings Share 2.54 | Revenue Per Share 69.861 | 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.