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The L S Starrett Co (The L S Starrett Co) Effective Interest Rate on Debt % : 0.00% (As of Dec. 2023)


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What is The L S Starrett Co Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. The L S Starrett Co's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $0.0 Mil. The L S Starrett Co's average total debt for the quarter that ended in Dec. 2023 was $15.0 Mil. Therefore, The L S Starrett Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 0.00%.


The L S Starrett Co Effective Interest Rate on Debt % Historical Data

The historical data trend for The L S Starrett Co's Effective Interest Rate on Debt % 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 Effective Interest Rate on Debt % Chart

The L S Starrett Co Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.59 3.42 3.23 3.98 5.36

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
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of The L S Starrett Co's Effective Interest Rate on Debt %

For the Tools & Accessories subindustry, The L S Starrett Co's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % 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 Effective Interest Rate on Debt % Distribution in the Industrial Products Industry

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

* The bar in red indicates where The L S Starrett Co's Effective Interest Rate on Debt % falls into.



The L S Starrett Co Effective Interest Rate on Debt % Calculation

The L S Starrett Co's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jun. 2022 )+Total Debt  (A: Jun. 2023 ))/ count )
=-1  *  -1.408/( (37.148+15.346)/ 2 )
=-1  *  -1.408/26.247
=5.36 %

where

Total Debt  (A: Jun. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=29.071 + 8.077
=37.148

Total Debt  (A: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=8.696 + 6.65
=15.346

The L S Starrett Co's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  0/( (17.988+12.076)/ 2 )
=-1  *  0/15.032
=0.00 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=11.093 + 6.895
=17.988

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=6.069 + 6.007
=12.076

* 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.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


The L S Starrett Co  (NYSE:SCX) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


The L S Starrett Co Effective Interest Rate on Debt % Related Terms

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

Traded in Other Exchanges
N/A
Address
121 Crescent Street, Athol, MA, USA, 01331
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