Kennametal Inc (KMT)

Current ratio

		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	Dec 31, 2019	Sep 30, 2019
Total current assets	US$ in thousands	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	1,440,810	966,723	1,035,910	1,065,390
Total current liabilities	US$ in thousands	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	898,080	383,131	409,110	418,719
Current ratio		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	1.60	2.52	2.53	2.54

June 30, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,002,590K ÷ $415,961K
= 2.41

Kennametal Inc's current ratio has shown some fluctuations over the past five years but generally remains at healthy levels. The current ratio measures a company's ability to cover its short-term liabilities with its short-term assets.

The current ratio for Kennametal Inc ranged from 1.60 to 2.54 over the past five years, indicating that the company has consistently maintained a strong liquidity position. Specifically, as of June 30, 2024, the current ratio stood at 2.41, showing that the company had $2.41 in current assets for every $1 in current liabilities.

Overall, the current ratio trend for Kennametal Inc suggests that the company is able to easily meet its short-term obligations and has a solid financial position in terms of liquidity. It is important for stakeholders to continue monitoring this ratio to ensure the company's ability to efficiently manage its current liabilities.