The L S Starrett Co (The L S Starrett Co) Interest Coverage

: N/A (As of Dec. 2023)

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Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. The L S Starrett Co's Operating Income for the three months ended in Dec. 2023 was $2.5 Mil. The L S Starrett Co's Interest Expense for the three months ended in Dec. 2023 was $0.0 Mil. GuruFocus does not calculate 's interest coverage with the available data. The higher the ratio, the stronger the company's financial strength is.

The historical rank and industry rank for The L S Starrett Co's Interest Coverage or its related term are showing as below:

SCX's Interest Coverage is not ranked ^*
in the Industrial Products industry.
Industry Median: 13.49
* Ranked among companies with meaningful Interest Coverage only.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

The L S Starrett Co Interest Coverage Historical Data

The historical data trend for The L S Starrett Co's Interest Coverage 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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

* Premium members only.

The L S Starrett Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Coverage

11.96

5.56

18.43

17.54

13.72

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
Interest Coverage																N/A	N/A	N/A	N/A	N/A

Competitive Comparison

For the Tools & Accessories subindustry, The L S Starrett Co's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage Distribution

For the Industrial Products industry and Industrials sector, The L S Starrett Co's Interest Coverage distribution charts can be found below:

* The bar in red indicates where The L S Starrett Co's Interest Coverage falls into.

The L S Starrett Co Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage

-1

Operating Income

Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt ⁽¹⁾.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

The L S Starrett Co's Interest Coverage for the fiscal year that ended in Jun. 2023 is calculated as

Here, for the fiscal year that ended in Jun. 2023, The L S Starrett Co's Interest Expense was $-1.4 Mil. Its Operating Income was $19.3 Mil. And its Long-Term Debt & Capital Lease Obligation was $8.7 Mil.

Interest Coverage	=	-1	*	Operating Income (A: Jun. 2023 )	/	Interest Expense (A: Jun. 2023 )
	=	-1	*	19.322	/	-1.408
	=	13.72

The L S Starrett Co's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Here, for the three months ended in Dec. 2023, The L S Starrett Co's Interest Expense was $0.0 Mil. Its Operating Income was $2.5 Mil. And its Long-Term Debt & Capital Lease Obligation was $6.1 Mil.

GuruFocus does not calculate The L S Starrett Co's interest coverage with the available data.

The higher the ratio, the stronger the company's Financial Strength is.

The L S Starrett Co (NYSE:SCX) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .

The L S Starrett Co Interest Coverage 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 » Interest Coverage

Comparable Companies

Traded in Other Exchanges

N/A

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