Kennametal Inc (KMT)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 127,971 | 92,119 | 90,735 | 95,098 | 106,021 | 93,474 | 76,784 | 64,568 | 85,586 | 99,982 | 101,799 | 107,316 | 154,047 | 114,307 | 103,188 | 98,290 | 606,684 | 85,230 | 105,210 | 113,522 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 302,810 | 303,456 | 290,547 | 288,655 | 307,313 | 313,866 | 291,016 | 278,716 | 295,346 | 311,635 | 272,592 | 279,726 | 302,945 | 303,210 | 275,151 | 249,992 | 237,983 | 304,162 | 310,379 | 327,628 |
| 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 |
| Quick ratio | 1.04 | 0.96 | 0.92 | 0.91 | 0.95 | 0.83 | 0.74 | 0.69 | 0.78 | 0.89 | 0.91 | 0.99 | 1.04 | 0.98 | 0.94 | 0.84 | 0.94 | 1.02 | 1.02 | 1.05 |
June 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($127,971K
+ $—K
+ $302,810K)
÷ $415,961K
= 1.04
The quick ratio of Kennametal Inc has fluctuated over the past few quarters, ranging from a low of 0.69 to a high of 1.04. A quick ratio above 1 indicates that the company has sufficient liquid assets to cover its current liabilities.
In the most recent quarter, the quick ratio was 1.04, suggesting that the company's current assets, excluding inventory, were able to cover its current liabilities. This indicates a healthy liquidity position for Kennametal Inc.
However, it is important to note that the quick ratio has not always been consistently above 1 in previous quarters, showing some fluctuations. This could be a sign of varying levels of liquidity and efficiency in managing short-term obligations.
Overall, while the most recent quick ratio indicates good liquidity, it would be beneficial for Kennametal Inc to monitor and potentially improve its liquidity management to ensure stable financial health in the future.