Friedman Industries, Incorporated

Friedman Industries, Incorporatedverified

FRD

Price:

$14.26

Market Cap:

$99.39M

Friedman Industries, Incorporated engages in steel processing, pipe manufacturing and processing, and the steel and pipe distribution businesses the United States. It operates in two segments, Coil and Tubular. The Coil segment is involved in the conversion of steel coils into flat sheet and plate steel cut to customer specifications and reselling steel coils. This segment also processes customer-owned coils on a fee basis. The company sells coil products and processing services to approximately 230 customers located primarily in the midwestern, southwestern and southeastern regions of the United States. Its principal customers for these products and services are steel distributors and custo...[Read more]

Industry

Steel

IPO Date

1980-03-17

Stock Exchange

AMEX

Ticker

FRD

The Current Ratio as of September 2024 (TTM) for Friedman Industries, Incorporated (FRD) is 4.19

According to Friedman Industries, Incorporated’s latest financial reports and current stock price. The company's current Current Ratio is 4.19. This represents a change of 10.60% compared to the average of 3.78 of the last 4 quarters.

Friedman Industries, Incorporated (FRD) Historical Current Ratio (quarterly & annually)

How has FRD Current Ratio performed in the past?

The mean historical Current Ratio of Friedman Industries, Incorporated over the last ten years is 8.48. The current 4.19 Current Ratio has changed 4.84% with respect to the historical average. Over the past ten years (40 quarters), FRD's Current Ratio was at its highest in in the June 2015 quarter at 23.59. The Current Ratio was at its lowest in in the June 2021 quarter at 1.63.

Quarterly (TTM)
Annual

Average

8.48

Median

5.73

Minimum

2.06

Maximum

19.28

Friedman Industries, Incorporated (FRD) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Friedman Industries, Incorporated Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 145.46%

Maximum Annual Current Ratio = 19.28

Minimum Annual Increase = -71.80%

Minimum Annual Current Ratio = 2.06

Quarterly (TTM)
Annual
YearCurrent RatioChange
20243.14-1.35%
20233.1954.55%
20222.06-22.70%
20212.67-60.55%
20206.7612.28%
20196.0210.74%
20185.44-71.80%
201719.2811.16%
201617.34-8.26%
201518.90145.46%

Friedman Industries, Incorporated (FRD) Average Current Ratio

How has FRD Current Ratio performed in the past?

The current Current Ratio of Friedman Industries, Incorporated (FRD) is greater than its 3-year, greater than its 5-year, and less than than its 10-year historical averages

3-year avg

2.80

5-year avg

3.56

10-year avg

8.48

Friedman Industries, Incorporated (FRD) Current Ratio vs. Peers

How is FRD’s Current Ratio compared to its peers?

Friedman Industries, Incorporated’s Current Ratio is greater than ArcelorMittal S.A. (1.53), greater than Aperam S.A. (1.63), greater than Acerinox, S.A. (2.25), greater than Algoma Steel Group Inc. (4.19), greater than Schnitzer Steel Industries, Inc. (1.96), greater than Ferrexpo plc (2.11), less than Universal Stainless & Alloy Products, Inc. (4.36), greater than Olympic Steel, Inc. (3.77), greater than TimkenSteel Corporation (2.64), greater than POSCO Holdings Inc. (2.03), greater than Outokumpu Oyj (1.67), greater than Ascent Industries Co. (3.16),

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