Friedman Industries, Incorporated (FRD)

Friedman Industries Balance Sheet

Financials in millions USD. Fiscal year is April - March.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Cash & Equivalents	2.47	2.89	2.99	2.6	8.19	17.06
Cash & Short-Term Investments	2.47	2.89	2.99	2.6	8.19	17.06
Cash Growth	-21.54%	-3.38%	15.17%	-68.28%	-51.98%	46.20%
Receivables	39.62	47.33	49.37	35.67	20.38	11.71
Inventory	105.05	115.8	86.25	67.95	36.02	35.67
Restricted Cash	0.1	3	2.4	13.5	12	-
Other Current Assets	0.8	1.04	2.65	5.65	0.95	0.78
Total Current Assets	148.04	170.06	143.66	125.36	77.53	65.21
Property, Plant & Equipment	59.82	59.6	55.2	30.22	15.47	11.55
Long-Term Deferred Tax Assets	-	-	-	2.13	1.86	-
Other Long-Term Assets	1.31	0.36	0.45	1.56	0.14	0.58
Total Assets	209.17	230.02	199.31	159.28	95.01	77.34
Accounts Payable	34.49	43.75	36.75	44.75	15.18	8.9
Accrued Expenses	1.25	5.99	5	1.34	2.69	0.46
Current Portion of Long-Term Debt	-	-	-	-	1.52	-
Current Portion of Leases	0.15	0.16	0.21	0.16	0.11	0.15
Current Income Taxes Payable	0.2	2.21	0.77	-	1.46	-
Other Current Liabilities	0.28	2	2.36	14.57	8.12	0.14
Total Current Liabilities	36.37	54.11	45.09	60.81	29.07	9.65
Long-Term Debt	35.86	40.29	33.12	18.44	0.17	-
Long-Term Leases	2.83	2.78	1.22	0.22	0.27	0.37
Long-Term Deferred Tax Liabilities	5.24	5.26	4.36	-	-	0.36
Other Long-Term Liabilities	-	-	-	-	0.05	-
Total Liabilities	80.4	102.54	83.88	79.59	29.67	10.48
Common Stock	8.87	8.87	8.87	8.35	8.33	8.3
Additional Paid-In Capital	35.34	35.25	35.01	30.44	30	29.57
Retained Earnings	97.62	96.28	79.65	58.91	45.39	34.53
Treasury Stock	-13.06	-12.93	-7.78	-7.74	-7.2	-5.53
Comprehensive Income & Other	-	-	-0.32	-10.27	-11.19	-
Shareholders' Equity	128.76	127.48	115.43	79.69	65.34	66.87
Total Liabilities & Equity	209.17	230.02	199.31	159.28	95.01	77.34
Total Debt	38.84	43.23	34.55	18.82	2.06	0.52
Net Cash (Debt)	-36.37	-40.34	-31.56	-16.22	6.13	16.54
Net Cash Growth	-	-	-	-	-62.95%	41.74%
Net Cash Per Share	-5.19	-5.62	-4.37	-2.45	0.91	2.36
Filing Date Shares Outstanding	6.97	6.97	7.38	7.37	6.9	7.08
Total Common Shares Outstanding	6.97	6.98	7.38	6.86	6.9	7.07
Working Capital	111.68	115.96	98.57	64.55	48.46	55.57
Book Value Per Share	18.48	18.27	15.65	11.62	9.47	9.46
Tangible Book Value	128.76	127.48	115.43	79.69	65.34	66.87
Tangible Book Value Per Share	18.48	18.27	15.65	11.62	9.47	9.46
Land	1.67	1.67	1.67	1.18	1.18	1.18
Buildings	30.91	30.9	28.55	8.58	9.2	9.01
Machinery	56.36	53.61	51	30.42	35.25	29.34
Construction In Progress	0.81	1.98	1.17	15.93	0.01	3.8

Source: S&P Capital IQ. Standard template. Financial Sources.