Strattec Security Balance Sheet Health
Financial Health criteria checks 5/6
Strattec Security has a total shareholder equity of $217.6M and total debt of $13.0M, which brings its debt-to-equity ratio to 6%. Its total assets and total liabilities are $331.8M and $114.1M respectively. Strattec Security's EBIT is $4.3M making its interest coverage ratio 4.9. It has cash and short-term investments of $11.6M.
Key information
6.0%
Debt to equity ratio
US$13.00m
Debt
| Interest coverage ratio | 4.9x |
| Cash | US$11.58m |
| Equity | US$217.64m |
| Total liabilities | US$114.11m |
| Total assets | US$331.75m |
Recent financial health updates
Is Strattec Security (NASDAQ:STRT) A Risky Investment?
Dec 21
Here's Why Strattec Security (NASDAQ:STRT) Can Afford Some Debt
Jul 13Here's Why Strattec Security (NASDAQ:STRT) Can Manage Its Debt Responsibly
Jan 11Does Strattec Security (NASDAQ:STRT) Have A Healthy Balance Sheet?
Sep 26Is Strattec Security (NASDAQ:STRT) A Risky Investment?
Oct 26Is Strattec Security (NASDAQ:STRT) A Risky Investment?
Apr 13Recent updates
Strattec Could Be A Speculative Buy, But A Long-Term Hold
Feb 12Is Strattec Security (NASDAQ:STRT) A Risky Investment?
Dec 21Here's Why We Think Strattec Security Corporation's (NASDAQ:STRT) CEO Compensation Looks Fair for the time being
Oct 04Here's Why Strattec Security (NASDAQ:STRT) Can Afford Some Debt
Jul 13Here's Why Strattec Security (NASDAQ:STRT) Can Manage Its Debt Responsibly
Jan 11Should You Think About Buying Strattec Security Corporation (NASDAQ:STRT) Now?
Dec 15Strattec Security: A Key Prospect For Your Portfolio
Oct 09Does Strattec Security (NASDAQ:STRT) Have A Healthy Balance Sheet?
Sep 26Strattec Security GAAP EPS of $0.10 misses by $0.71, revenue of $123.1M beats by $6.74M
Aug 11Strattec Security (NASDAQ:STRT) Has More To Do To Multiply In Value Going Forward
Jan 04At US$36.58, Is It Time To Put Strattec Security Corporation (NASDAQ:STRT) On Your Watch List?
Dec 01Is Strattec Security (NASDAQ:STRT) A Risky Investment?
Oct 26Is Now The Time To Look At Buying Strattec Security Corporation (NASDAQ:STRT)?
Aug 11There Are Reasons To Feel Uneasy About Strattec Security's (NASDAQ:STRT) Returns On Capital
Jun 07Is Now An Opportune Moment To Examine Strattec Security Corporation (NASDAQ:STRT)?
May 07Is Strattec Security (NASDAQ:STRT) A Risky Investment?
Apr 13Strattec Security Corporation's (NASDAQ:STRT) Stock Is Rallying But Financials Look Ambiguous: Will The Momentum Continue?
Mar 15What Type Of Shareholders Own The Most Number of Strattec Security Corporation (NASDAQ:STRT) Shares?
Mar 01How Does Strattec Security's (NASDAQ:STRT) CEO Pay Compare With Company Performance?
Feb 15
Results: Strattec Security Corporation Exceeded Expectations And The Consensus Has Updated Its Estimates
Feb 01Estimating The Intrinsic Value Of Strattec Security Corporation (NASDAQ:STRT)
Jan 12Is Now An Opportune Moment To Examine Strattec Security Corporation (NASDAQ:STRT)?
Dec 25Strattec Has Bounced Back From The Coronavirus
Dec 21We Think Strattec Security (NASDAQ:STRT) Has A Fair Chunk Of Debt
Dec 04Financial Position Analysis
Short Term Liabilities: STRT's short term assets ($222.3M) exceed its short term liabilities ($106.3M).
Long Term Liabilities: STRT's short term assets ($222.3M) exceed its long term liabilities ($7.8M).
Debt to Equity History and Analysis
Debt Level: STRT's net debt to equity ratio (0.7%) is considered satisfactory.
Reducing Debt: STRT's debt to equity ratio has reduced from 25% to 6% over the past 5 years.
Debt Coverage: STRT's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: STRT's interest payments on its debt are well covered by EBIT (4.9x coverage).