Friedman Short Term Debt vs Other Assets Analysis
FRD Stock | USD 18.45 0.35 1.86% |
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 Short Term Debt and its Other Assets 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.
Short Term Debt vs Other Assets
Short Term Debt vs Other Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Friedman Industries Short Term Debt account and Other Assets. At this time, the significance of the direction appears to have very week relationship.
The correlation between Friedman Industries' Short Term Debt and Other Assets is 0.22. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Other Assets 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' Short Term Debt and Other Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Debt of Friedman Industries are associated (or correlated) with its Other Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Assets has no effect on the direction of Short Term Debt i.e., Friedman Industries' Short Term Debt and Other Assets go up and down completely randomly.
Correlation Coefficient | 0.22 |
Relationship Direction | Positive |
Relationship Strength | Very Weak |
Short Term Debt
Other Assets
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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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.You can also try the Sync Your Broker module to sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors..
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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.