Friedman Total Liab vs Net Working Capital 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 Total Liab and its Net Working Capital 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.
Total Liab vs Net Working Capital
Total Liab vs Net Working Capital Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Friedman Industries Total Liab account and Net Working Capital. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Friedman Industries' Total Liab and Net Working Capital is 0.85. Overlapping area represents the amount of variation of Total Liab that can explain the historical movement of Net Working Capital 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' Total Liab and Net Working Capital is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Liab of Friedman Industries are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Total Liab i.e., Friedman Industries' Total Liab and Net Working Capital go up and down completely randomly.
Correlation Coefficient | 0.85 |
| Relationship Direction | Positive |
| Relationship Strength | Strong |
Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.Net Working Capital
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 Expenses | 12.5M | 22.0M | 47.9M | 50.3M | Cost Of Revenue | 244.2M | 504.5M | 443.8M | 466.0M |
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 | 230.0M | 241.5M | |
| Other Current Liab | 600.0K | 6.5M | 16.0M | 2.2M | 10.3M | 10.8M | |
| Total Current Liabilities | 9.6M | 29.1M | 60.8M | 45.1M | 54.1M | 56.8M | |
| Total Stockholder Equity | 66.9M | 65.3M | 79.7M | 115.4M | 127.5M | 133.8M | |
| Property Plant And Equipment Net | 11.5M | 15.5M | 30.1M | 55.2M | 59.6M | 62.6M | |
| Net Debt | (16.6M) | (6.4M) | 15.9M | 30.2M | 40.2M | 42.2M | |
| Retained Earnings | 34.5M | 45.4M | 58.9M | 79.7M | 96.3M | 101.1M | |
| Cash | 17.1M | 8.2M | 2.6M | 3.0M | 2.9M | 2.7M | |
| Non Current Assets Total | 12.1M | 17.5M | 33.9M | 55.7M | 60.0M | 63.0M | |
| Non Currrent Assets Other | 262.1K | 148.5K | 1.7M | 452K | 356K | 338.2K | |
| Cash And Short Term Investments | 17.1M | 8.2M | 2.6M | 3.0M | 2.9M | 2.7M | |
| Net Receivables | 11.7M | 20.4M | 35.7M | 49.4M | 47.3M | 49.7M | |
| Common Stock Shares Outstanding | 7.0M | 7.0M | 6.6M | 7.2M | 7.2M | 7.5M | |
| Liabilities And Stockholders Equity | 77.3M | 95.0M | 159.3M | 199.3M | 230.0M | 241.5M | |
| Non Current Liabilities Total | 833.4K | 596.6K | 18.8M | 38.8M | 48.4M | 50.9M | |
| Inventory | 35.7M | 36.0M | 67.9M | 86.2M | 115.8M | 121.6M | |
| Other Current Assets | 780.2K | 12.9M | 19.1M | 4.5M | 4.0M | 4.2M | |
| Other Stockholder Equity | 24.0M | 22.8M | 22.7M | 27.2M | 22.3M | 40.5M | |
| Total Liab | 10.5M | 29.7M | 79.6M | 83.9M | 102.5M | 107.7M | |
| Total Current Assets | 65.2M | 77.5M | 125.4M | 143.7M | 170.1M | 178.6M | |
| Short Term Debt | 100.7K | 1.6M | 157K | 107K | 54K | 51.3K | |
| Accounts Payable | 8.9M | 15.2M | 44.6M | 36.8M | 41.5M | 43.6M | |
| Property Plant And Equipment Gross | 11.5M | 15.5M | 56.1M | 82.4M | 91.0M | 95.5M | |
| Accumulated Other Comprehensive Income | (35.3M) | (36.5M) | 0.0 | (11.2M) | (10.3M) | (317K) | |
| 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 | 8.9M | 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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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 Money Managers module to screen money managers from public funds and ETFs managed around the world.
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.