Kennametal Balance Sheet Health
Financial Health criteria checks 5/6
Kennametal has a total shareholder equity of $1.3B and total debt of $659.0M, which brings its debt-to-equity ratio to 50.1%. Its total assets and total liabilities are $2.6B and $1.3B respectively. Kennametal's EBIT is $204.5M making its interest coverage ratio 7.3. It has cash and short-term investments of $93.5M.
Key information
50.1%
Debt to equity ratio
US$659.03m
Debt
| Interest coverage ratio | 7.3x |
| Cash | US$93.47m |
| Equity | US$1.32b |
| Total liabilities | US$1.29b |
| Total assets | US$2.60b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KMT *'s short term assets ($1.1B) exceed its short term liabilities ($488.7M).
Long Term Liabilities: KMT *'s short term assets ($1.1B) exceed its long term liabilities ($798.5M).
Debt to Equity History and Analysis
Debt Level: KMT *'s net debt to equity ratio (43%) is considered high.
Reducing Debt: KMT *'s debt to equity ratio has reduced from 56.9% to 50.1% over the past 5 years.
Debt Coverage: KMT *'s debt is well covered by operating cash flow (32.6%).
Interest Coverage: KMT *'s interest payments on its debt are well covered by EBIT (7.3x coverage).