Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Friedman Industries's Total Stockholders Equity for the quarter that ended in Dec. 2024 was $127.3 Mil. Friedman Industries's Total Assets for the quarter that ended in Dec. 2024 was $210.3 Mil.
Therefore, Friedman Industries's Equity to Asset Ratio for the quarter that ended in Dec. 2024 was 0.61.
The historical rank and industry rank for Friedman Industries's Equity-to-Asset or its related term are showing as below:
FRD'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.39 Med: 0.83 Max: 0.96
Current: 0.61
During the past 13 years, the highest Equity to Asset Ratio of Friedman Industries was 0.96. The lowest was 0.39. And the median was 0.83.
FRD's Equity-to-Asset is ranked better than 61.29% of 638
companies
in the Steel industry
Industry Median: 0.54
vs FRD: 0.61
Friedman Industries Equity-to-Asset Historical Data
The historical data trend for Friedman Industries's Equity-to-Asset 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.
Competitive Comparison of Friedman Industries's Equity-to-Asset
For the Steel subindustry, Friedman Industries's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Friedman Industries's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Friedman Industries's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Friedman Industries's Equity to Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as
* 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.
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Friedman Industries Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Friedman Industries's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Friedman Industries Inc is engaged in the manufacturing and processing of steel products. The company's operating segments include flat-roll products and Tubular Products. It generates maximum revenue from the flat-roll 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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