Friedman Industries (FRA:X36) Debt-to-Equity : 0.38 (As of Dec. 2023)

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What is Friedman Industries Debt-to-Equity?

Friedman Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.1 Mil. Friedman Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €43.2 Mil. Friedman Industries's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €112.6 Mil. Friedman Industries's debt to equity for the quarter that ended in Dec. 2023 was 0.38.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Friedman Industries's Debt-to-Equity or its related term are showing as below:

FRA:X36' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.18 Max: 1
Current: 0.38

During the past 13 years, the highest Debt-to-Equity Ratio of Friedman Industries was 1.00. The lowest was 0.00. And the median was 0.18.

FRA:X36's Debt-to-Equity is ranked better than
54.12% of 558 companies
in the Steel industry
Industry Median: 0.42 vs FRA:X36: 0.38

Friedman Industries Debt-to-Equity Historical Data

The historical data trend for Friedman Industries's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Friedman Industries Debt-to-Equity Chart

Friedman Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.03

0.23

0.29

Friedman Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.42	0.29	0.33	0.44	0.38

Competitive Comparison of Friedman Industries's Debt-to-Equity

For the Steel subindustry, Friedman Industries's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Friedman Industries's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Friedman Industries's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Friedman Industries's Debt-to-Equity falls into.

Friedman Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Friedman Industries's Debt to Equity Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0.1	+	30.931)	/	107.813
	=	0.29

Friedman Industries's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0.074	+	43.182)	/	112.555
	=	0.38

Friedman Industries (FRA:X36) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Friedman Industries Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Friedman Industries's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Friedman Industries (FRA:X36) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Friedman Industries Inc (FRA:X36) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

FRD:USA

Address

1121 Judson Road, Suite 124, Longview, TX, USA, 75601

Website

https://www.friedmanindustries.com

Friedman Industries Inc is engaged in the manufacturing and processing of steel products. The company's operating segments include Coil Products and Tubular Products. It generates maximum revenue from the Coil Products segment. The company's products and services include Temper Pass, Cut-To-Length, Whole Coils, Toll Processing, Electric Resistance Welded Pipe (ERW), New Mill Secondary, and Pipe Finishing Services.

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