Kennametal Balance Sheet Health
Financial Health criteria checks 5/6
Kennametal has a total shareholder equity of $1.3B and total debt of $618.9M, which brings its debt-to-equity ratio to 46.6%. Its total assets and total liabilities are $2.5B and $1.2B respectively. Kennametal's EBIT is $194.2M making its interest coverage ratio 6.9. It has cash and short-term investments of $90.7M.
Key information
46.6%
Debt to equity ratio
US$618.89m
Debt
Interest coverage ratio | 6.9x |
Cash | US$90.74m |
Equity | US$1.33b |
Total liabilities | US$1.22b |
Total assets | US$2.54b |
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 ($414.1M).
Long Term Liabilities: KM3's short term assets ($1.0B) exceed its long term liabilities ($802.1M).
Debt to Equity History and Analysis
Debt Level: KM3's net debt to equity ratio (39.8%) is considered satisfactory.
Reducing Debt: KM3's debt to equity ratio has increased from 45.5% to 46.6% over the past 5 years.
Debt Coverage: KM3's debt is well covered by operating cash flow (47.5%).
Interest Coverage: KM3's interest payments on its debt are well covered by EBIT (6.9x coverage).