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Kennametal's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $14 Mil. Kennametal's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $632 Mil. Kennametal's Total Stockholders Equity for the quarter that ended in Jun. 2024 was $1,250 Mil. Kennametal's debt to equity for the quarter that ended in Jun. 2024 was 0.52.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Kennametal's Debt-to-Equity or its related term are showing as below:
During the past 13 years, the highest Debt-to-Equity Ratio of Kennametal was 0.93. The lowest was 0.44. And the median was 0.54.
The historical data trend for Kennametal's Debt-to-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Kennametal Annual Data | |||||||||||||||||||||
Trend | Jun15 | Jun16 | Jun17 | Jun18 | Jun19 | Jun20 | Jun21 | Jun22 | Jun23 | Jun24 | |||||||||||
Debt-to-Equity | Get a 7-Day Free Trial | 0.93 | 0.49 | 0.53 | 0.50 | 0.52 |
Kennametal Quarterly Data | ||||||||||||||||||||
Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Debt-to-Equity | Get a 7-Day Free Trial | 0.50 | 0.53 | 0.52 | 0.52 | 0.52 |
For the Tools & Accessories subindustry, Kennametal's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Industrial Products industry and Industrials sector, Kennametal's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Kennametal's Debt-to-Equity falls into.
Debt to Equity measures the financial leverage a company has.
Kennametal's Debt to Equity Ratio for the fiscal year that ended in Jun. 2024 is calculated as
Debt to Equity | = | Total Debt | / | Total Stockholders Equity | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Total Stockholders Equity | |
= | (14.143 | + | 631.611) | / | 1249.875 | |
= | 0.52 |
Kennametal's Debt to Equity Ratio for the quarter that ended in Jun. 2024 is calculated as
Debt to Equity | = | Total Debt | / | Total Stockholders Equity | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Total Stockholders Equity | |
= | (14.143 | + | 631.611) | / | 1249.875 | |
= | 0.52 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Kennametal (NYSE:KMT) Debt-to-Equity Explanation
In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.
Be Aware
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Thank you for viewing the detailed overview of Kennametal's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
John Wayne Witt | officer: Vice President | 525 WILLIAM PENN PLACE, SUITE 3300, PITTSBURGH PA 15219 |
Sanjay Chowbey | officer: Vice President | 525 WILLIAM PENN PLACE, SUITE 3300, PITTSBURGH PA 15219 |
Michelle R Keating | officer: Vice President | 525 WILLIAM PENN PLACE, 33RD FLOOR, PITTSBURGH PA 15219 |
William J. Harvey | director | 26 PHEASANT'S RIDGE SOUTH, GREENVILLE DE 19807 |
Cindy L Davis | director | 2635 SW GRENWOLDE PLACE, PORTLAND OR 97201 |
William M Lambert | director | C/O MSA SAFETY, 1000 CRANBERRY WOODS DRIVE, CRANBERRY TWP PA 16066 |
Joseph Alvarado | director | 705 N. BAR Y ROAD, P.O. BOX 11368, JACKSON WY 83002 |
Christopher Rossi | officer: President and CEO | C/O KENNAMETAL INC., 525 WILLIAM PENN PLACE, 33RD FLOOR, PITTSBURGH PA 15219 |
Franklin Cardenas | officer: Vice President | 525 WILLIAM PENN PLACE, SUITE 3300, PITTSBURGH PA 15219 |
Steven H Wunning | director | 471 EAST HIGH POINT DRIVE, PEORIA IL 61614 |
Lorraine M Martin | director | 1121 SPRING LAKE DRIVE, ITASCA IL 60143 |
Paul Sternlieb | director | 70 WEST MADISON SUITE 4400, CHICAGO IL 60602 |
Judith L Bacchus | officer: Vice President | 525 WILLIAM PENN PLACE, 33RD FLOOR, PITTSBURGH PA 15219 |
Patrick S Watson | officer: Vice President | 525 WILLIAM PENN PLACE, 33RD FLOOR, PITTSBURGH PA 15219 |
Ronald L Port | officer: Vice President | 525 WILLIAM PENN PLACE, 33RD FLOOR, PITTSBURGH PA 15219 |
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