L.S. Starrett Balance Sheet Health
Financial Health criteria checks 6/6
L.S. Starrett has a total shareholder equity of $130.1M and total debt of $8.1M, which brings its debt-to-equity ratio to 6.2%. Its total assets and total liabilities are $186.6M and $56.5M respectively. L.S. Starrett's EBIT is $21.7M making its interest coverage ratio 24.2. It has cash and short-term investments of $7.5M.
Key information
6.2%
Debt to equity ratio
US$8.09m
Debt
| Interest coverage ratio | 24.2x |
| Cash | US$7.53m |
| Equity | US$130.10m |
| Total liabilities | US$56.53m |
| Total assets | US$186.63m |
Recent financial health updates
Is L.S. Starrett (NYSE:SCX) A Risky Investment?
Jan 27
L.S. Starrett (NYSE:SCX) Has A Pretty Healthy Balance Sheet
Sep 16Here's Why L.S. Starrett (NYSE:SCX) Can Manage Its Debt Responsibly
Nov 05These 4 Measures Indicate That L.S. Starrett (NYSE:SCX) Is Using Debt Extensively
May 11Recent updates
Is L.S. Starrett (NYSE:SCX) A Risky Investment?
Jan 27L.S. Starrett (NYSE:SCX) Has A Pretty Healthy Balance Sheet
Sep 16The Return Trends At L.S. Starrett (NYSE:SCX) Look Promising
May 27L.S. Starrett Company: Cheap But Declining Order Rate Is A Concern
May 25L.S. Starrett: Lean Business, Pension Plan Issues Seem Resolved
Feb 03Here's Why L.S. Starrett (NYSE:SCX) Can Manage Its Debt Responsibly
Nov 05These 4 Measures Indicate That L.S. Starrett (NYSE:SCX) Is Using Debt Extensively
May 11The Starrett Company Is Selling At A Discount Because Of Its Underfunded Pension Plan
Apr 12Is L.S. Starrett (NYSE:SCX) Using Too Much Debt?
Jan 18There's Been No Shortage Of Growth Recently For L.S. Starrett's (NYSE:SCX) Returns On Capital
Nov 02Why We Think The L.S. Starrett Company's (NYSE:SCX) CEO Compensation Is Not Excessive At All
Oct 07L.S. Starrett Doubled As Predicted And May Double Again
Sep 08Is L.S. Starrett (NYSE:SCX) Using Debt Sensibly?
Sep 03Health Check: How Prudently Does L.S. Starrett (NYSE:SCX) Use Debt?
Feb 18Thomas Riordan Is The Lead Independent Director of The L.S. Starrett Company (NYSE:SCX) And They Just Picked Up 45% More Shares
Dec 10Is L.S. Starrett (NYSE:SCX) A Risky Investment?
Nov 20
Financial Position Analysis
Short Term Liabilities: SCX's short term assets ($112.1M) exceed its short term liabilities ($35.9M).
Long Term Liabilities: SCX's short term assets ($112.1M) exceed its long term liabilities ($20.7M).
Debt to Equity History and Analysis
Debt Level: SCX's net debt to equity ratio (0.4%) is considered satisfactory.
Reducing Debt: SCX's debt to equity ratio has reduced from 23.1% to 6.2% over the past 5 years.
Debt Coverage: SCX's debt is well covered by operating cash flow (250.9%).
Interest Coverage: SCX's interest payments on its debt are well covered by EBIT (24.2x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/05/23 09:58 |
| End of Day Share Price | 2024/05/23 00:00 |
| Earnings | 2024/03/31 |
| Annual Earnings | 2023/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
The L.S. Starrett Company is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Amol Modak | Virtua Research Inc. |