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FRD (Friedman Industries) Total Current Liabilities : $42.3 Mil (As of Dec. 2024)


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What is Friedman Industries Total Current Liabilities?

Total current liabilities includes Accounts Payable & Accrued Expense, Short-Term Debt & Capital Lease Obligation, Other Current Liabilities, and Current Deferred Liabilities. Friedman Industries's total current liabilities for the quarter that ended in Dec. 2024 was $42.3

Friedman Industries Total Current Liabilities Historical Data

The historical data trend for Friedman Industries's Total Current Liabilities 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 Total Current Liabilities Chart

Friedman Industries Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Total Current Liabilities
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.65 29.07 60.81 45.09 54.11

Friedman Industries Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Total Current Liabilities Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 54.60 54.11 38.80 36.37 42.28

Friedman Industries Total Current Liabilities Calculation

Total Current Liabilities is the total amount of liabilities that the company needs to pay over the next 12 months.

Friedman Industries's Total Current Liabilities for the fiscal year that ended in Mar. 2024 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=46.378+0.054
+Other Current Liabilities+Current Deferred Liabilities
=7.675+0
=54.1

Friedman Industries's Total Current Liabilities for the quarter that ended in Dec. 2024 is calculated as

Total Current Liabilities=Accounts Payable & Accrued Expense+Short-Term Debt & Capital Lease Obligation
=41.36+0
+Other Current Liabilities+Current Deferred Liabilities
=0.916+0
=42.3

* 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.

The increase of Total Current Liabilities of a company is not necessarily a bad thing. This may conserve the company's cash and contribute positively to cash flow.

Total Current Liabilities is linked to Total Current Assets through the Current Ratio and Working Capital. The Current Ratio is equal to dividing total current assets by total current liabilities. It is frequently used as an indicator of a company's liquidity, its ability to meet short-term obligations. Net working capital is calculated as Total Current Assets minus Total Current Liabilities.

Be Aware

Stay away from companies that roll over the debt e.g. Bear Stearns

When investing in financial institutions, Buffett shies from those who are bigger borrowers of short term than long term debt.

His favorite Wells Fargo has 57 cents short term debt for every dollar of long term.

Aggressive banks (like Bank of America) has $2.09 short term for every dollar long term

Friedman Industries Total Current Liabilities Related Terms

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Friedman Industries Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Friedman Industries Inc (NAS:FRD) » Definitions » Total Current Liabilities
Comparable Companies
KBSX HLP ACNT WEBC HUDI INHD ZKIN ZEUS MSB BOM:500228 NUE TSE:5401 NSE:TATASTEEL XAMS:MT SHSE:600019 STLD RS XKRX:005490 SHSE:600010 BOM:532286
Traded in Other Exchanges
N/A
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 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.
Executives
Tim Scott Stevenson director PO BOX 2192, LONGVIEW TX 75606
Sandra Kay Scott director 11503 BISTRO LANE, HOUSTON TX 77082
Mike J Taylor director P.O. BOX 2192, LONGVIEW TX 75606
Max Alan Reichenthal director 865 LOCKWOOD DRIVE, HOUSTON TX 77020
Sharon L Taylor director 4200 B STONE RD, KILGORE TX 75662
Joe L Williams director P.O. BOX 1587, HOUSTON TX 77251
Joel Spira director THREE GREENWAY PLAZA, SUITE 1750, HOUSTON TX 77046
Alex Larue officer: VP - Secretary & Treasurer 7 PEBBLE CREEK DRIVE NORTH, LONGVIEW TX 75605
Durga D Agrawal director 2921 UNIVERSITY BLVD, HOUSTON TX 77005
Robert Sparkman officer: President & COO P.O. BOX 2192, LONGVIEW TX 75605
Charles W Hall director 1301 MCKINNEY STE 5100, HOUSTON TX 77010
Benny Harper officer: Sr. VP-Finance 1301 MCKINNEY STE 5100, HOUSTON TX 77010
William E Crow director, officer: President and CEO P.O. BOX 1587, HOUSTON TX 77251
Hershel M Rich director P.O. BOX 1587, HOUSTON TX 77251
Harold Friedman director, 10 percent owner, officer: Vice Chairman of the Board 4001 HOMESTEAD ROAF, HOUSTON TX 77028