Kennametal Inc (KMT)
Current ratio
| Jun 30, 2025 | Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,039,270 | 1,013,360 | 968,774 | 1,003,870 | 1,002,590 | 999,937 | 1,009,820 | 1,010,560 | 1,026,790 | 1,079,040 | 1,048,300 | 1,011,490 | 1,024,710 | 1,043,240 | 984,201 | 966,948 | 1,004,810 | 966,916 | 948,686 | 935,721 |
| Total current liabilities | US$ in thousands | 422,329 | 415,626 | 382,228 | 398,386 | 415,961 | 413,245 | 414,108 | 419,846 | 433,975 | 488,729 | 494,334 | 497,488 | 485,649 | 460,365 | 410,983 | 389,223 | 437,394 | 425,553 | 402,641 | 415,573 |
| Current ratio | 2.46 | 2.44 | 2.53 | 2.52 | 2.41 | 2.42 | 2.44 | 2.41 | 2.37 | 2.21 | 2.12 | 2.03 | 2.11 | 2.27 | 2.39 | 2.48 | 2.30 | 2.27 | 2.36 | 2.25 |
June 30, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,039,270K ÷ $422,329K
= 2.46
The current ratio of Kennametal Inc. has exhibited a generally stable trend over the analyzed period. Starting from September 30, 2020, at a ratio of 2.25, the metric experienced a modest increase to 2.36 at the end of 2020. Throughout 2021, the ratio fluctuated within a narrow range, reaching a high of 2.48 in September 2021 and a low of 2.27 by March 2021, indicating consistent liquidity levels.
In 2022, a slight decline was observed, with the ratio decreasing to 2.11 by June 30, 2022, and further to 2.03 as of September 30, 2022. However, towards the end of 2022 and into 2023, the ratio gradually recovered, rising to 2.21 in March 2023 and continuing an upward trend through 2024. Notably, the ratio surpassed earlier levels, reaching 2.41 in September 2023 and further increasing to 2.53 by December 2024, the highest point within the timeframe.
The growth trend persisted into 2025, with the ratio maintaining above 2.40, reaching 2.46 by June 2025. This indicates that Kennametal Inc. has maintained a stable and consistently healthy liquidity position throughout the period, with a generally positive trajectory from late 2022 onward. The current ratio’s range suggests the company is well-positioned to meet its short-term obligations, with no signs of liquidity distress emerging in the reported data.