As of June 16, 2025, Friedman Industries Inc (FRD) reports a Current Ratio of 3.14.
Current Ratio assesses a company's ability to pay short-term debts by comparing liquid assets to liabilities, with higher ratios signaling better financial health.
Historical Trend of Friedman Industries Inc's Current Ratio
Over recent years, Friedman Industries Inc's Current Ratio has shown significant volatility. The table below summarizes the historical values:
| Date | Current Ratio |
|---|---|
| 2024-03-31 | 3.14 |
| 2023-03-31 | 3.19 |
| 2022-03-31 | 2.06 |
| 2021-03-31 | 2.66 |
| 2020-03-31 | 6.79 |
This slight downward trend highlights how Friedman Industries Inc manages its short-term assets and liabilities over time.
Comparing Friedman Industries Inc's Current Ratio to Peers
To better understand Friedman Industries Inc's position, it's useful to compare its Current Ratio against industry peers. Below are selected comparisons:
| Company | Current Ratio |
|---|---|
| Friedman Industries Inc (FRD) | 3.14 |
| Alloy Steel International Inc (AYSI) | 19.08 |
| Haynes International Inc (HAYN) | 7.02 |
| Ossen Innovation Co Ltd (OSN) | 5.15 |
| Universal Stainless & Alloy Products Inc (USAP) | 4.27 |
| Commercial Metals Co (CMC) | 3.94 |
Compared to its competitors, Friedman Industries Inc's Current Ratio is about average compared to peers, reflecting balanced short-term asset management.