The L S Starrett Co (The L S Starrett Co) Cash And Cash Equivalents : $5.7 Mil (As of Dec. 2023)

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What is The L S Starrett Co Cash And Cash Equivalents?

The L S Starrett Co's quarterly cash and cash equivalents increased from Jun. 2023 ($10.45 Mil) to Sep. 2023 ($12.53 Mil) but then stayed the same from Sep. 2023 ($12.53 Mil) to Dec. 2023 ($5.68 Mil).

The L S Starrett Co's annual cash and cash equivalents increased from Jun. 2021 ($9.11 Mil) to Jun. 2022 ($14.52 Mil) but then declined from Jun. 2022 ($14.52 Mil) to Jun. 2023 ($10.45 Mil).

The L S Starrett Co Cash And Cash Equivalents Historical Data

The historical data trend for The L S Starrett Co's Cash And Cash Equivalents 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.

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The L S Starrett Co Cash And Cash Equivalents Chart

The L S Starrett Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash And Cash Equivalents

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15.58

13.46

9.11

14.52

10.45

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
Cash And Cash Equivalents	Get a 7-Day Free Trial															8.96	8.60	10.45	12.53	5.68

The L S Starrett Co Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

The L S Starrett Co (NYSE:SCX) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

The L S Starrett Co Cash And Cash Equivalents Related Terms

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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 (NYSE:SCX) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

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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.

Executives

Douglas A Starrett	officer: President & CEO	121 CRESCENT STREET, ATHOL MA 01331
John C. Tripp	officer: CFO	C/O THE L.S. STARRETT COMPANY, 121 CRESCENT STREET, ATHOL MA 01331
David T. Allen	other: Insider	121 CRESCENT STREET, ATHOL MA 01331
Emerson Leme	officer: VP Of Industrial Products	C/O THE L.S. STARRETT COMPANY, 121 CRESCENT STREET, ATHOL MA 01331
Charles Alpuche	director	C/O INSULET CORPORATION, 600 TECHNOLOGY PARK DRIVE, SUITE 200, BILLERICA MA 01821
Christian Arntsen	officer: VP of International Products	C/O THE L.S. STARRETT COMPANY, 121 CRESCENT STREET, ATHOL MA 01331
Deborah Gordon	director	121 CRESCENT STREET, ATHOL MA 01331
Thomas J Riordan	director	C/O TEREX CORPORATION, 200 NYALA FARM ROAD, WESTPORT CT 06880
Scott William Sproule	director	C/O SPX CORPORATION, 13320 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Terry A Piper	director	121 CRESCENT STREET, ATHOLL MA 01331
Chris Gahagan	director	AVID TECHNOLOGY, INC., 75 NETWORK DRIVE, BURLINGTON MA 01803
Russell D. Carreker	director	121 CRESCENT STREET, ATHOL MA 01331
David A Lemoine	director	C/O THE L S STARRETT COMPANY, 121 CRESCENT STREET, ATHOL MA 01331
Richard Kennedy	director	121 CRESCENT STREET, ATHOL MA 01331
Francis J O'brien	officer: Treasurer & CFO	C/O THE L. S. STARRETT COMPANY, 121 CRESCENT STREET, ATHOL MA 01331