Kennametal Inc (KMT)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 545,900 | 549,900 | 546,400 | 519,100 | 527,400 | 538,200 | 516,300 | 505,300 | 536,100 | 586,000 | 636,500 | 641,600 | 644,200 | 628,400 | 643,500 | 643,400 | 630,200 | 623,100 | 630,800 | 627,600 |
| Total assets | US$ in thousands | 2,503,760 | 2,518,640 | 2,544,350 | 2,512,760 | 2,547,230 | 2,603,580 | 2,578,600 | 2,516,210 | 2,573,520 | 2,659,510 | 2,610,870 | 2,607,570 | 2,665,760 | 2,614,980 | 2,614,830 | 2,559,000 | 3,037,590 | 2,538,100 | 2,623,030 | 2,599,400 |
| Debt-to-assets ratio | 0.22 | 0.22 | 0.21 | 0.21 | 0.21 | 0.21 | 0.20 | 0.20 | 0.21 | 0.22 | 0.24 | 0.25 | 0.24 | 0.24 | 0.25 | 0.25 | 0.21 | 0.25 | 0.24 | 0.24 |
June 30, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $545,900K ÷ $2,503,760K
= 0.22
The debt-to-assets ratio of Kennametal Inc has shown some fluctuations over the past few quarters. The ratio has generally been within the range of 0.20 to 0.25, indicating that the company has been maintaining a moderate level of debt relative to its total assets.
In the most recent quarter, the debt-to-assets ratio was 0.22, which suggests that approximately 22% of Kennametal's assets are financed through debt. This indicates that the company relies more on equity to finance its operations and investments rather than taking on excessive debt.
Over the past few quarters, the ratio has not shown any significant upward or downward trend, hovering around the 0.20 to 0.25 range. This stability in the debt-to-assets ratio implies that Kennametal has been managing its debt levels effectively and maintaining a balanced capital structure.
Overall, based on the historical trend of the debt-to-assets ratio, Kennametal Inc appears to have a prudent approach to managing its debt levels, which is essential for ensuring financial stability and sustainability in the long term.