Kennametal Balance Sheet Health
Financial Health criteria checks 5/6
Kennametal has a total shareholder equity of $1.3B and total debt of $597.6M, which brings its debt-to-equity ratio to 45.3%. Its total assets and total liabilities are $2.5B and $1.2B respectively. Kennametal's EBIT is $172.5M making its interest coverage ratio 6.6. It has cash and short-term investments of $119.6M.
Key information
45.3%
Debt to equity ratio
US$597.61m
Debt
| Interest coverage ratio | 6.6x |
| Cash | US$119.59m |
| Equity | US$1.32b |
| Total liabilities | US$1.20b |
| Total assets | US$2.52b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KM3's short term assets ($1.0B) exceed its short term liabilities ($398.4M).
Long Term Liabilities: KM3's short term assets ($1.0B) exceed its long term liabilities ($805.6M).
Debt to Equity History and Analysis
Debt Level: KM3's net debt to equity ratio (36.3%) is considered satisfactory.
Reducing Debt: KM3's debt to equity ratio has increased from 44.6% to 45.3% over the past 5 years.
Debt Coverage: KM3's debt is well covered by operating cash flow (49.7%).
Interest Coverage: KM3's interest payments on its debt are well covered by EBIT (6.6x coverage).