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).