The L S Starrett Co (The L S Starrett Co) Debt-to-Equity : 0.09 (As of Dec. 2023)

View and export this data going back to . Start your Free Trial

What is The L S Starrett Co Debt-to-Equity?

The L S Starrett Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $6.0 Mil. The L S Starrett Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $6.1 Mil. The L S Starrett Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $131.1 Mil. The L S Starrett Co's debt to equity for the quarter that ended in Dec. 2023 was 0.09.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for The L S Starrett Co's Debt-to-Equity or its related term are showing as below:

SCXLB' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09 Med: 0.23 Max: 0.77
Current: 0.09

During the past 13 years, the highest Debt-to-Equity Ratio of The L S Starrett Co was 0.77. The lowest was 0.09. And the median was 0.23.

SCXLB's Debt-to-Equity is ranked better than
76.39% of 2622 companies
in the Industrial Products industry
Industry Median: 0.29 vs SCXLB: 0.09

The L S Starrett Co Debt-to-Equity Historical Data

The historical data trend for The L S Starrett Co's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

The L S Starrett Co Debt-to-Equity Chart

The L S Starrett Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

Get a 7-Day Free Trial

0.26

0.77

0.32

0.36

0.12

The L S Starrett Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.29	0.18	0.12	0.14	0.09

Competitive Comparison of The L S Starrett Co's Debt-to-Equity

For the Tools & Accessories subindustry, The L S Starrett Co's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

The L S Starrett Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, The L S Starrett Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where The L S Starrett Co's Debt-to-Equity falls into.

The L S Starrett Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

The L S Starrett Co's Debt to Equity Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(6.65	+	8.696)	/	129.467
	=	0.12

The L S Starrett Co's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(6.007	+	6.069)	/	131.126
	=	0.09

The L S Starrett Co (OTCPK:SCXLB) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

The L S Starrett Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of The L S Starrett Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

The L S Starrett Co (The L S Starrett Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » The L S Starrett Co (OTCPK:SCXLB) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SCX:USA

Address

121 Crescent Street, Athol, MA, USA, 01331

Website

https://www.starrett.com

The L S Starrett Co is engaged in the manufacturing of industrial, professional and consumer measuring and cutting tools and related products. Its products include precision tools, electronic gages, gage blocks, optical vision and laser measuring equipment, custom engineered granite solutions, tape measures, levels, chalk products, squares, band saw blades, hole saws, hacksaw blades, jig saw blades, and others. Its products are used in different industries such as metalworking, automotive, aviation, marine, farm, and "do-it-yourselfers" and tradesmen such as builders, carpenters, plumbers and electricians. The operating segments of the company are North American Operations is a key revenue driver; International Operations and Global Test and Measurement.