Friedman Industries, Incorporated (FRD) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 |
|---|
| Total Current Assets | 257.04M | 231.48M | 231.32M | 157.93M | 166.47M | 149.29M | 148.04M | 162.42M | 170.06M | 170.9M | 165.16M | 156.09M | 143.66M | 148.36M | 156.47M | 208.97M | 125.36M | 121.85M | 111.66M | 131.05M |
| Cash & Short-Term Investments | 2.45M | 3M | 4.59M | 2.1M | 3.69M | 1.07M | 2.47M | 4.15M | 2.89M | 4.01M | 3.15M | 4.82M | 2.99M | 3.54M | 6.64M | 2.41M | 2.6M | 3.07M | 2.94M | 890.86K |
| Cash Only | 2.45M | 3M | 4.59M | 2.1M | 3.69M | 1.07M | 2.47M | 4.15M | 2.89M | 4.01M | 3.15M | 4.82M | 2.99M | 3.54M | 6.64M | 2.41M | 2.6M | 3.07M | 2.94M | 890.86K |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 80.69M | 55.8M | 62.26M | 50.72M | 47.48M | 31.73M | 39.62M | 37.76M | 47.33M | 44.42M | 52.33M | 46.77M | 49.37M | 43.07M | 53.94M | 76.48M | 35.67M | 26.24M | 32.33M | 29.98M |
| Days Sales Outstanding | 32.03 | 32.33 | 34.1 | 33.15 | 27.58 | 34.89 | 33.34 | 33.8 | 31.57 | 38.37 | 34.87 | 31.86 | 33.5 | 39.9 | 40.08 | 31.54 | 37.1 | 52.16 | 30.97 | 34.76 |
| Inventory | 172.22M | 169.17M | 161.57M | 103.46M | 113.69M | 115.39M | 105.05M | 119.8M | 115.8M | 113.9M | 104.5M | 101.15M | 86.25M | 97.83M | 88.59M | 123.88M | 67.95M | 84.55M | 67.74M | 67.18M |
| Days Inventory Outstanding | 90.25 | 96.95 | 85.12 | 80.8 | 92.1 | 117.94 | 107.05 | 102.49 | 113.11 | 95.2 | 80.38 | 74.27 | 98.98 | 81.11 | 67.4 | 60.98 | 88.52 | 126.77 | 98.7 | 96.64 |
| Other Current Assets | 1.67M | 3.5M | 2.92M | 1.66M | 1.62M | 1.09M | 900K | 713K | 4.04M | 8.56M | 5.18M | 3.35M | 5.05M | 3.9M | 7.29M | 6.2M | 19.15M | 7.99M | 8.64M | 33M |
| Total Non-Current Assets | 79.77M | 80.38M | 79.96M | 61.15M | 60.35M | 60.97M | 61.12M | 60.37M | 59.95M | 58.06M | 56.97M | 55.31M | 55.66M | 55.53M | 55.38M | 53.09M | 33.91M | 28.59M | 26.17M | 24.51M |
| Property, Plant & Equipment | 78.32M | 4.91M | 78.29M | 60M | 59.09M | 59.68M | 59.82M | 60.04M | 59.6M | 57.68M | 56.55M | 54.88M | 55.2M | 55.06M | 54.82M | 52.67M | 30.11M | 27.49M | 20.78M | 17.88M |
| Fixed Asset Turnover | 4.61x | 4.04x | 2.20x | 2.26x | 2.18x | 1.57x | 1.78x | 1.91x | 2.25x | 2.03x | 2.35x | 2.49x | 2.25x | 2.04x | 2.79x | 3.91x | 2.61x | 2.14x | 4.79x | 3.95x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 1.45M | 75.48M | 1.68M | 1.15M | 1.26M | 1.28M | 1.31M | 333K | 356K | 377K | 411K | 432K | 453K | 464.89K | 558.06K | 413.06K | 1.67M | 277.76K | 287.15K | 296.34K |
| Total Assets | 336.81M | 311.86M | 311.29M | 219.08M | 226.82M | 210.25M | 209.17M | 222.79M | 230.02M | 228.96M | 222.13M | 211.4M | 199.31M | 203.88M | 211.85M | 262.06M | 159.28M | 150.44M | 137.82M | 155.57M |
| Asset Turnover | 0.59x | 0.54x | 0.57x | 0.60x | 0.59x | 0.45x | 0.49x | 0.51x | 0.58x | 0.51x | 0.60x | 0.67x | 0.62x | 0.54x | 0.63x | 0.77x | 0.48x | 0.36x | 0.63x | 0.53x |
| Asset Growth % | 48.49% | 48.33% | 48.82% | -1.67% | -1.39% | -8.17% | -5.83% | 5.39% | 15.41% | 12.3% | 4.85% | -19.33% | 25.14% | 35.52% | 53.71% | 68.45% | 67.64% | 89.54% | 88.67% | 118.35% |
| Total Current Liabilities | 76.15M | 64.41M | 71.38M | 40.48M | 38.32M | 42.28M | 36.37M | 38.8M | 54.11M | 54.6M | 35.29M | 43.02M | 45.09M | 48.52M | 66.86M | 55.34M | 60.81M | 43.82M | 39.43M | 80.18M |
| Accounts Payable | 67.17M | 59.12M | 67.84M | 35.29M | 35.3M | 41.08M | 34.49M | 34.4M | 43.89M | 47.87M | 29.41M | 35.99M | 36.85M | 42.38M | 57.26M | 47.57M | 44.62M | 37.96M | 26.75M | 44.01M |
| Days Payables Outstanding | 33.39 | 37.22 | 33.13 | 26.27 | 30.71 | 40.43 | 32.8 | 34.06 | 45.18 | 33.69 | 25.56 | 28.87 | 42.6 | 43.35 | 33.25 | 29.3 | 47.93 | 53.87 | 51.77 | 55.43 |
| Short-Term Debt | 756K | 753K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | -330K | 4.55M | 3.11M | 2.63M | 2.09M | 916K | 475K | 1.27M | 7.67M | 4.34M | 3.72M | 3.94M | 7.21M | 3.26M | 7.11M | 5.94M | 14.57M | 4.36M | 9.11M | 32.31M |
| Current Ratio | 3.38x | 3.59x | 3.24x | 3.90x | 4.34x | 3.53x | 4.07x | 4.19x | 3.14x | 3.13x | 4.68x | 3.63x | 3.19x | 3.06x | 2.34x | 3.78x | 2.06x | 2.78x | 2.83x | 1.63x |
| Quick Ratio | 1.11x | 0.97x | 0.98x | 1.35x | 1.38x | 0.80x | 1.18x | 1.10x | 1.00x | 1.04x | 1.72x | 1.28x | 1.27x | 1.04x | 1.02x | 1.54x | 0.94x | 0.85x | 1.11x | 0.80x |
| Cash Conversion Cycle | 88.9 | 92.07 | 86.1 | 87.68 | 88.97 | 112.4 | 107.59 | 102.23 | 99.5 | 99.89 | 89.68 | 77.26 | 89.88 | 77.66 | 74.23 | 63.21 | 77.69 | 125.07 | 77.9 | 75.97 |
| Total Non-Current Liabilities | 109.17M | 105.23M | 100.64M | 41.32M | 56.07M | 40.65M | 44.04M | 54.3M | 48.44M | 51.61M | 60.03M | 45.02M | 38.79M | 46.7M | 38.3M | 104M | 18.78M | 15.56M | 18.06M | 12.44M |
| Long-Term Debt | 96.05M | 92.09M | 87.03M | 33.04M | 47.73M | 32.51M | 35.86M | 46.09M | 40.29M | 45.96M | 54.36M | 39.3M | 33.12M | 44.51M | 36.22M | 102.37M | 18.44M | 15.19M | 14.58M | 10.86M |
| Capital Lease Obligations | 4.1M | 4.28M | 4.47M | 2.71M | 2.75M | 2.79M | 2.83M | 2.86M | 2.78M | 1.13M | 1.14M | 1.18M | 1.22M | 1.27M | 1.33M | 1.38M | 222K | 261.54K | 300.96K | 340.02K |
| Deferred Tax Liabilities | 6.76M | 5.41M | 5.45M | 5.45M | 5.48M | 5.23M | 0 | 5.25M | 5.26M | 4.42M | 4.42M | 4.44M | 4.36M | 820.96K | 624.11K | 136.77K | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 2.26M | 3.45M | 3.7M | 118K | 115K | 116K | 5.35M | 106K | 105K | 103K | 101K | 98K | 96K | 96.53K | 125.08K | 1.5M | 119.36K | 376.71K | 3.48M | 1.58M |
| Total Liabilities | 185.32M | 169.65M | 172.02M | 81.8M | 94.4M | 82.92M | 80.4M | 93.1M | 102.54M | 106.21M | 95.32M | 88.03M | 83.88M | 95.22M | 105.16M | 159.34M | 79.59M | 59.38M | 57.49M | 92.62M |
| Total Debt | 100.91M | 97.13M | 91.5M | 35.75M | 50.48M | 35.3M | 38.84M | 48.98M | 43.13M | 47.17M | 55.61M | 40.58M | 34.45M | 45.89M | 37.65M | 102.47M | 18.82M | 15.29M | 14.68M | 10.97M |
| Net Debt | 98.46M | 94.13M | 86.91M | 33.65M | 46.79M | 34.22M | 36.37M | 44.83M | 40.24M | 43.16M | 52.46M | 35.76M | 31.45M | 42.35M | 31.02M | 100.06M | 16.22M | 12.23M | 11.74M | 10.08M |
| Debt / Equity | 0.67x | 0.68x | 0.66x | 0.26x | 0.38x | 0.28x | 0.30x | 0.38x | 0.34x | 0.38x | 0.44x | 0.33x | 0.30x | 0.42x | 0.35x | 1.00x | 0.24x | 0.17x | 0.18x | 0.17x |
| Debt / EBITDA | 7.83x | 19.71x | 23.98x | 4.53x | 7.54x | - | 64.84x | - | 5.59x | 6.80x | 30.64x | 3.65x | 4.36x | 21.49x | 52.81x | 7.97x | - | - | 0.60x | 0.77x |
| Net Debt / EBITDA | 7.64x | 19.10x | 22.78x | 4.27x | 6.99x | - | 60.71x | - | 5.22x | 6.22x | 28.90x | 3.21x | 3.98x | 19.83x | 43.50x | 7.79x | - | - | 0.48x | 0.70x |
| Interest Coverage | 10.14x | 4.13x | 4.95x | 10.80x | 9.88x | -1.46x | -0.00x | 5.84x | 8.62x | 2.59x | 6.79x | 19.99x | 12.83x | 5.03x | 6.16x | 30.55x | -52.46x | -66.30x | 337.57x | 602.32x |
| Total Equity | 151.49M | 142.21M | 139.27M | 137.28M | 132.43M | 127.33M | 128.76M | 129.69M | 127.47M | 122.74M | 126.81M | 123.37M | 115.43M | 108.66M | 106.69M | 102.72M | 79.69M | 91.06M | 80.34M | 62.94M |
| Equity Growth % | 14.4% | 11.69% | 8.16% | 5.85% | 3.88% | 3.74% | 1.54% | 5.12% | 10.43% | 12.96% | 18.86% | 20.11% | 44.86% | 19.33% | 32.81% | 63.19% | 21.96% | 31.29% | 23.06% | -4.6% |
| Book Value per Share | 21.75 | 20.42 | 19.99 | 19.71 | 18.83 | 18.33 | 18.56 | 18.69 | 18.27 | 16.94 | 17.40 | 16.93 | 15.65 | 14.94 | 14.73 | 14.53 | 11.86 | 13.18 | 12.20 | 9.56 |
| Total Shareholders' Equity | 151.49M | 142.21M | 139.27M | 137.28M | 132.43M | 127.33M | 128.76M | 129.69M | 127.47M | 122.74M | 126.81M | 123.37M | 115.43M | 108.66M | 106.69M | 102.72M | 79.69M | 91.06M | 80.34M | 62.94M |
| Common Stock | 9.02M | 9.02M | 8.97M | 8.97M | 8.88M | 8.87M | 8.87M | 8.87M | 8.87M | 8.87M | 8.87M | 8.87M | 8.87M | 8.87M | 8.86M | 8.86M | 8.34M | 8.34M | 8.34M | 8.33M |
| Retained Earnings | 119.65M | 110.71M | 107.95M | 106M | 101.25M | 96.19M | 97.62M | 98.57M | 96.28M | 91.61M | 90.56M | 87.19M | 79.65M | 73.49M | 72.26M | 69.94M | 58.91M | 66.51M | 69.61M | 56.57M |
| Treasury Stock | -13.11M | -13.11M | -13.11M | -13.11M | -13.1M | -13.1M | -13.06M | -13.05M | -12.93M | -12.93M | -7.78M | -7.78M | -7.78M | -7.78M | -7.77M | -7.77M | -7.74M | -7.31M | -7.2M | -7.2M |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -317K | -846.9K | -1.52M | -3.09M | -10.27M | -6.86M | -20.65M | -24.88M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |