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Smith midland Corporation  (SMID)
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Smith Midland's Leverage Ratio

SMID's quarterly Leverage Ratio and Total Liabilities, Equity growth


Despite a net increase in borrowings by 2.49%, Smith Midland managed to enhance Leverage Ratio in the third quarter 2023 to 0.7, falling below the company's typical Leverage Ratio.

Within Construction Raw Materials industry in the third quarter 2023, 7 other companies have achieved lower Leverage Ratio than Smith Midland in the III Quarter 2023. While Leverage Ratio total ranking has improved so far in the third quarter 2023 to 1423, from total ranking in the second quarter 2023 at 1453 .

Explain Leverage Ratio?
Who are SMID Customers?
What are SMID´s Total Liabilities?


SMID Leverage Ratio (Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
Y / Y Equity Change 2.72 % -1.01 % 4.41 % 5.09 % 18.98 %
Y / Y Total Liabilities Change 11.63 % 4.67 % -5.93 % -10.65 % -15.41 %
Leverage Ratio MRQ 0.7 0.72 0.7 0.64 0.65
SMID's Total Ranking # 1423 # 1453 # 1152 # 1342 # 1371
Seq. Equity Change 4.18 % -2.1 % 0.31 % 0.4 % 0.4 %
Seq. Total Liabilities Change 2.49 % -0.37 % 9.8 % -0.44 % -3.9 %



Leverage Ratio third quarter 2023 Company Ranking
Within: No.
Construction Raw Materials Industry # 8
Basic Materials Sector # 115
Overall Market # 1423


Leverage Ratio Statistics
High Average Low
1.19 0.78 0.54
(Dec 31 2018)   (Mar 31 2013)




Financial Statements
Smith Midland's Equity $ 34 Millions Visit SMID's Balance sheet
Smith Midland's Total Liabilities $ 24 Millions Visit SMID's Balance sheet
Source of SMID's Sales Visit SMID's Sales by Geography


Cumulative Smith Midland's Leverage Ratio

SMID's Leverage Ratio for the trailling 12 Months

SMID Leverage Ratio

(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
Y / Y Equity TTM Growth 2.72 % -1.01 % 4.41 % 5.09 % 18.98 %
Y / Y Total Liabilities TTM Growth 11.63 % 4.67 % -5.93 % -10.65 % -15.41 %
Leverage Ratio TTM 0.69 0.68 0.67 0.69 0.71
Total Ranking TTM # 1289 # 61 # 60 # 6 # 133
Seq. Equity TTM Growth 4.18 % -2.1 % 0.31 % 0.4 % 0.4 %
Seq. Total Liabilities TTM Growth 2.49 % -0.37 % 9.8 % -0.44 % -3.9 %


On the trailing twelve months basis Due to the net new borrowings of 2.49% during the trailing twelve months finishing in the III Quarter 2023, cumulativeLeverage Ratio improved to 0.69, below the Smith Midland's average Leverage Ratio.
Leverage Ratio is the average cumulative value over the last four quarters.

Among companies in the Construction Raw Materials industry 6, during the past 12 months, other companies have achieved lower Leverage Ratio than Smith Midland. While Leverage Ratio total ranking has deteriorated during the twelve months ending in the III Quarter 2023, compared to the prior period, from 61 to 1289.

Explain Leverage Ratio?
Who are SMID Customers?
What are SMID´s Total Liabilities?

TTM Leverage Ratio Company Ranking
Within: No.
Within the Construction Raw Materials Industry # 7
Basic Materials Sector # 95
Within the Market # 1289


trailing twelve months Leverage Ratio Statistics
High Average Low
1.06 0.78 0.57
(Sep 30 2019)   (Dec. 30, 2014)




Companies with similar Leverage Ratio in the quarter ending Sep 30 2023, within Construction Raw Materials Industry Leverage RatioSep 30 2023 MRQ Total LiabilitiesSep 30 2023 MRQ Equity
U s Silica Holdings Inc   1.55 $ 1,282.642  Millions$ 825.022  Millions
Mdu Resources Group Inc  1.39 $ 3,837.566  Millions$ 2,757.434  Millions
5e Advanced Materials Inc   1.13 $ 50.806  Millions$ 44.764  Millions
Eagle Materials Inc   1.02 $ 1,335.886  Millions$ 1,306.634  Millions
Teck Resources Limited  0.99 $ 21,372.166  Millions$ 21,671.672  Millions
Knife River Corporation  0.93 $ 1,160.781  Millions$ 1,243.018  Millions
Martin Marietta Materials Inc   0.91 $ 7,115.300  Millions$ 7,804.800  Millions
Summit Materials Inc   0.89 $ 2,057.231  Millions$ 2,307.733  Millions
Tecnoglass Inc   0.81 $ 421.583  Millions$ 519.466  Millions
Smith midland Corporation  0.70 $ 23.836  Millions$ 33.818  Millions
Largo Inc   0.49 $ 125.822  Millions$ 255.799  Millions
Hecla Mining Company  0.44 $ 874.093  Millions$ 1,977.770  Millions
Caesarstone Ltd   0.42 $ 131.082  Millions$ 315.059  Millions
Smart Sand Inc   0.41 $ 100.361  Millions$ 246.146  Millions
Piedmont Lithium Inc   0.14 $ 49.299  Millions$ 348.051  Millions

Date modified: 2023-11-12T04:30:06+00:00



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