Kennametal Inc (KMT)
Debt-to-capital ratio
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,283,980 | 1,249,880 | 1,275,450 | 1,252,580 | 1,329,610 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
June 30, 2025 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,283,980K)
= 0.00
The debt-to-capital ratio for Kennametal Inc., based on the provided data, remains consistently at zero from June 30, 2021, through June 30, 2025. This indicates that the company has not reported any long-term or short-term debt during this period, resulting in a debt-to-capital ratio of zero each year. Such a stable ratio suggests that Kennametal Inc. has maintained a debt-free capital structure over these years, relying entirely on equity or other financing sources not classified as debt. Consequently, the company does not bear the financial risk associated with leverage and has potentially a lower financial risk profile from a debt perspective.