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
Recent updates
Financial Position Analysis
Short Term Liabilities: SCXL.B's short term assets ($112.7M) exceed its short term liabilities ($36.3M).
Long Term Liabilities: SCXL.B's short term assets ($112.7M) exceed its long term liabilities ($19.7M).
Debt to Equity History and Analysis
Debt Level: SCXL.B's net debt to equity ratio (1.4%) is considered satisfactory.
Reducing Debt: SCXL.B's debt to equity ratio has reduced from 23% to 5.7% over the past 5 years.
Debt Coverage: SCXL.B's debt is well covered by operating cash flow (369.3%).
Interest Coverage: SCXL.B's interest payments on its debt are well covered by EBIT (26.8x coverage).