L.S. Starrett Balance Sheet Health
Financial Health criteria checks 6/6
L.S. Starrett has a total shareholder equity of $131.1M and total debt of $7.5M, which brings its debt-to-equity ratio to 5.7%. Its total assets and total liabilities are $187.1M and $55.9M respectively. L.S. Starrett's EBIT is $24.1M making its interest coverage ratio 26.8. It has cash and short-term investments of $5.7M.
Key information
5.7%
Debt to equity ratio
US$7.51m
Debt
| Interest coverage ratio | 26.8x |
| Cash | US$5.68m |
| Equity | US$131.13m |
| Total liabilities | US$55.94m |
| Total assets | US$187.06m |
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 11Is L.S. Starrett (NYSE:SCX) Using Too Much Debt?
Jan 18Recent 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 ($112.7M) exceed its short term liabilities ($36.3M).
Long Term Liabilities: SCX's short term assets ($112.7M) exceed its long term liabilities ($19.7M).
Debt to Equity History and Analysis
Debt Level: SCX's net debt to equity ratio (1.4%) is considered satisfactory.
Reducing Debt: SCX's debt to equity ratio has reduced from 23% to 5.7% over the past 5 years.
Debt Coverage: SCX's debt is well covered by operating cash flow (369.3%).
Interest Coverage: SCX's interest payments on its debt are well covered by EBIT (26.8x coverage).