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Schmitt Industries, Inc. engages in the design, manufacture, and trade of measurement and process control systems. It operates through the Balancer and Measurement segments. Read More The Balancer segment develops balancing systems and components for the machine tool industry. The Measurement segment assembles laser-based test and measurement solutions. The company was founded by Wayne A. Case in 1987 and is headquartered in Portland, OR.
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What does Schmitt Industries, Inc.’s (NASDAQ:SMIT) Balance Sheet Tell Us About Its Future?
Schmitt Industries, Inc. (NASDAQ:SMIT), which has zero-debt on its balance sheet, can maximize capital returns by increasing debt due to its lower cost of capital. However, the trade-off is SMIT will have to follow strict debt obligations which will reduce its financial flexibility. Zero-debt can alleviate some risk associated with the company meeting debt obligations, but this doesn’t automatically mean SMIT has outstanding financial strength. I will take you through a few basic checks to assess the financ...
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