Kadant Inc (KAI)
Solvency ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.69 | 1.75 | 1.80 | 1.80 | 1.52 | 1.58 | 1.63 | 1.71 | 1.76 | 1.82 | 1.86 | 1.91 | 2.01 | 2.09 | 1.95 | 1.86 | 1.87 | 1.98 | 2.09 | 2.15 |
Kadant Inc's solvency ratios, including the Debt-to-assets ratio, Debt-to-capital ratio, Debt-to-equity ratio, and Financial leverage ratio, have remained consistently low and stable over the past few years. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio have all consistently been at 0.00, indicating that the company has no significant debt in relation to its assets, capital, or equity.
Furthermore, the Financial leverage ratio has shown a decreasing trend from 2.15 in March 2020 to 1.69 in December 2024. This decline suggests that the company has been reducing its reliance on debt financing and improving its financial leverage position over time.
Overall, the low and stable solvency ratios of Kadant Inc indicate a strong financial position with little debt burden, which can contribute to the long-term sustainability and stability of the company.
Coverage ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 8.56 | 10.21 | 12.37 | 15.30 | 19.85 | 18.72 | 19.00 | 20.45 | 26.45 | 28.99 | 29.22 | 30.06 | 24.07 | 21.90 | 19.02 | 13.87 | 10.85 | 8.56 | 7.68 | 7.03 |
The interest coverage ratio of Kadant Inc has shown a generally positive trend over the past few years. Starting at 7.03 in March 2020, the ratio improved steadily, reaching its peak at 30.06 in March 2022. This indicates the company's ability to cover its interest expenses comfortably with its operating income.
However, from June 2022 onwards, the interest coverage ratio began to decline. By December 2024, the ratio had fallen to 8.56, which is still relatively healthy but represents a notable decrease from its peak. This decline may suggest a potential increase in interest expenses or a decrease in operating income during this period.
Overall, Kadant Inc has maintained a strong interest coverage ratio, ensuring that it can meet its interest obligations. It is important for the company to monitor this ratio closely to ensure ongoing financial health and stability.