Kennametal Inc. (KMT) Balance Sheet
KMT balance sheet, FY2026
June 30, 2026 · U.S. dollars$3.17B assets = $1.55B liabilities + $1.61B equity
Both columns are drawn to the same scale: what KMT owns equals what it owes plus shareholders’ equity. Hover a block for its value.
KMT financial health
Current ratio2.62
Comfortable · current assets cover current liabilities 2.62×
Debt / equity0.47
Low leverage · $0.47 of debt for each $1 of equity
Equity / assets49.6%
Equity-funded · of assets funded by shareholders
Cash / debt13.1%
Low cash cover · cash & short-term investments vs total debt
Goodwill & intangibles10.6%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal FY2026.
KMT balance sheet trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $2.42BFY2017 | $3.17BFY2026 | +3.1%/yr | |
| Total liabilities | $1.36BFY2017 | $1.55BFY2026 | +1.5%/yr | |
| Shareholders’ equity | $1.02BFY2017 | $1.57BFY2026 | +4.9%/yr | |
| Cash & short-term investments | $190.6MFY2017 | $95.8MFY2026 | −7.4%/yr | |
| Total debt | $695.9MFY2017 | $731.5MFY2026 | +0.6%/yr | |
| Net cash (debt) | −$505.3MFY2017 | −$635.7MFY2026 | −$130.5M | |
| Working capital | $652.4MFY2017 | $1.10BFY2026 | +$442.6M | |
| Book value per share | $12.53FY2017 | $20.28FY2026 | +5.5%/yr | |
| Current ratio | 2.41FY2017 | 2.62FY2026 | +0.20 | |
| Debt / equity | 0.68FY2017 | 0.47FY2026 | −0.22 | |
| Shares outstanding | 81.2MFY2017 | 77.4MFY2026 | −0.5%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
KMT assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
KMT liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
KMT debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
KMT balance sheet
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $95.8M | $140.5M | $128.0M | $106.0M | $85.6M | $154.0M | $606.7M | $182.0M | $556.2M | $190.6M |
| Cash & equivalents | $95.8M | $140.5M | $128.0M | $106.0M | $85.6M | $154.0M | $606.7M | $182.0M | $556.2M | $190.6M |
| Short-term investments | — | — | — | — | — | — | — | — | $0 | $0 |
| Receivables | $408.4M | $295.4M | $302.8M | $307.3M | $295.3M | $302.9M | $238.0M | $379.9M | $401.3M | $380.4M |
| Inventory | $1.11B | $538.2M | $514.6M | $557.6M | $570.8M | $476.3M | $522.4M | $571.6M | $525.5M | $487.7M |
| Other current assets | $159.1M | $65.1M | $57.2M | $55.8M | $72.9M | $71.5M | $73.7M | $57.4M | $63.3M | $55.2M |
| Total current assets | $1.77B | $1.04B | $1.00B | $1.03B | $1.02B | $1.00B | $1.44B | $1.19B | $1.55B | $1.11B |
| Property, plant & equipment (net) | $889.4M | $965.1M | $986.2M | $1.01B | $1.05B | $1.11B | $1.09B | $934.9M | $824.2M | $744.4M |
| Goodwill & intangible assets | $335.1M | $349.9M | $353.0M | $362.7M | $370.0M | $397.7M | $403.1M | $461.0M | $478.3M | $491.9M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $170.5M | $191.1M | $162.0M | $145.6M | $129.6M | $157.8M | $107.3M | $69.5M | $77.1M | $65.3M |
| Total assets | $3.17B | $2.55B | $2.50B | $2.55B | $2.57B | $2.67B | $3.04B | $2.66B | $2.93B | $2.42B |
| Liabilities | ||||||||||
| Accounts payable | $369.8M | $195.9M | $191.5M | $203.3M | $227.9M | $177.7M | $164.6M | $212.9M | $221.9M | $215.7M |
| Short-term debt | $11.7M | $13.2M | $14.1M | $12.1M | $33.6M | $22.6M | $513.6M | $157,000 | $400.2M | $1.1M |
| Deferred revenue | — | — | $24.1M | — | — | — | — | — | $28.7M | — |
| Total current liabilities | $676.7M | $422.3M | $416.0M | $434.0M | $485.6M | $437.4M | $898.1M | $461.7M | $886.5M | $461.5M |
| Long-term debt | $685.3M | $596.8M | $596.0M | $595.2M | $594.4M | $592.1M | $594.1M | $592.5M | $591.5M | $695.0M |
| Lease obligations | $46.3M | $45.6M | $48.4M | $43.6M | $47.7M | $51.0M | $48.6M | — | — | $190,000 |
| Other long-term liabilities | $191.3M | $201.6M | $203.2M | $203.9M | $202.3M | $268.1M | $276.6M | $227.4M | $217.4M | $206.4M |
| Total liabilities | $1.55B | $1.22B | $1.22B | $1.23B | $1.28B | $1.30B | $1.77B | $1.28B | $1.70B | $1.36B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $95.3M | $95.0M | $97.4M | $99.8M | $101.7M | $104.5M | $103.7M | $103.0M | $614.0M | $575.4M |
| Retained earnings (deficit) | $1.48B | $1.20B | $1.17B | $1.12B | $1.07B | $992.6M | $1.00B | $1.08B | $900.7M | $765.6M |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | −$399.0M | −$386.7M | −$434.6M | −$414.3M | −$414.0M | −$330.3M | −$417.2M | −$373.5M | −$320.3M | −$323.7M |
| Minority interest | $43.6M | $40.7M | $38.7M | $38.7M | $38.7M | $38.6M | $38.9M | $39.5M | $36.0M | $35.4M |
| Total shareholders' equity | $1.57B | $1.28B | $1.25B | $1.28B | $1.25B | $1.33B | $1.23B | $1.34B | $1.19B | $1.02B |
| Key figures | ||||||||||
| Total debt | $731.5M | $643.4M | $645.8M | $639.4M | $663.3M | $651.5M | $1.14B | $592.6M | $991.7M | $695.9M |
| Net cash (debt) | −$635.7M | −$502.8M | −$517.8M | −$533.4M | −$577.7M | −$497.4M | −$536.4M | −$410.6M | −$435.6M | −$505.3M |
| Working capital | $1.10B | $616.9M | $586.6M | $592.8M | $539.1M | $567.4M | $542.7M | $729.1M | $659.6M | $652.4M |
| Tangible book value | $1.23B | $934.0M | $896.9M | $912.7M | $882.6M | $932.0M | $826.7M | $874.2M | $716.1M | $525.4M |
| Book value per share | $20.28 | $16.48 | $15.63 | $15.67 | $14.92 | $15.77 | $14.81 | $16.03 | $14.43 | $12.53 |
| Shares outstanding | 77.4M | 77.9M | 80.0M | 81.4M | 83.9M | 84.3M | 83.0M | 83.3M | 82.8M | 81.2M |
| Current ratio | 2.62 | 2.46 | 2.41 | 2.37 | 2.11 | 2.30 | 1.60 | 2.58 | 1.74 | 2.41 |
| Quick ratio | 0.75 | 1.03 | 1.04 | 0.95 | 0.78 | 1.04 | 0.94 | 1.22 | 1.08 | 1.24 |
| Debt / equity | 0.47 | 0.50 | 0.52 | 0.50 | 0.53 | 0.49 | 0.93 | 0.44 | 0.83 | 0.68 |
| Equity / assets | 49.6% | 50.4% | 49.9% | 50.1% | 48.7% | 49.9% | 40.5% | 50.3% | 40.8% | 42.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $95.8M | $106.8M | $129.3M | $103.5M | $140.5M | $97.5M | $121.2M | $119.6M | $128.0M | $92.1M | $90.7M | $95.1M |
| Cash & equivalents | $95.8M | $106.8M | $129.3M | $103.5M | $140.5M | $97.5M | $121.2M | $119.6M | $128.0M | $92.1M | $90.7M | $95.1M |
| Receivables | $408.4M | $334.4M | $288.2M | $288.0M | $295.4M | $290.9M | $254.1M | $282.5M | $302.8M | $303.5M | $290.5M | $288.7M |
| Inventory | $1.11B | $747.3M | $621.9M | $565.2M | $538.2M | $556.0M | $536.6M | $543.4M | $514.6M | $547.7M | $570.8M | $570.3M |
| Other current assets | $159.1M | $89.5M | $81.8M | $76.1M | $65.1M | $69.0M | $56.8M | $58.4M | $57.2M | $56.7M | $57.8M | $56.5M |
| Total current assets | $1.77B | $1.28B | $1.12B | $1.03B | $1.04B | $1.01B | $968.8M | $1.00B | $1.00B | $999.9M | $1.01B | $1.01B |
| Property, plant & equipment (net) | $843.6M | $902.9M | $926.6M | $940.6M | $965.1M | $955.7M | $954.3M | $991.7M | $986.2M | $995.9M | $1.01B | $1.00B |
| Goodwill & intangible assets | $335.1M | $340.2M | $345.5M | $347.4M | $349.9M | $346.2M | $344.5M | $356.6M | $353.0M | $356.6M | $363.5M | $356.4M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $219.2M | $209.6M | $202.1M | $198.1M | $191.1M | $175.2M | $168.3M | $169.7M | $162.0M | $166.3M | $162.3M | $144.6M |
| Total assets | $3.17B | $2.73B | $2.60B | $2.52B | $2.55B | $2.49B | $2.44B | $2.52B | $2.50B | $2.52B | $2.54B | $2.51B |
| Liabilities | ||||||||||||
| Accounts payable | $369.8M | $263.1M | $220.4M | $193.4M | $195.9M | $192.9M | $198.5M | $201.9M | $191.5M | $192.8M | $193.0M | $197.4M |
| Short-term debt | $43.9M | $28.5M | $13.7M | $13.6M | $13.2M | $24.8M | $13.5M | $14.9M | $14.1M | $24.7M | $35.6M | $42.9M |
| Deferred revenue | — | — | — | — | — | — | −$12.1M | $12.0M | $13.2M | $13.7M | $56.8M | — |
| Total current liabilities | $676.7M | $536.1M | $439.4M | $397.0M | $422.3M | $415.6M | $382.2M | $398.4M | $416.0M | $413.2M | $414.1M | $419.8M |
| Long-term debt | $685.3M | $597.4M | $597.2M | $597.0M | $596.8M | $596.6M | $596.4M | $596.2M | $596.0M | $595.8M | $595.6M | $595.4M |
| Lease obligations | $46.3M | $45.4M | $45.8M | $43.2M | $45.6M | $44.2M | $44.4M | $49.9M | $48.4M | $48.4M | $47.3M | $43.5M |
| Other long-term liabilities | $194.2M | $198.9M | $201.4M | $199.4M | $201.6M | $199.4M | $197.1M | $209.4M | $203.2M | $203.7M | $206.6M | $198.8M |
| Total liabilities | $1.56B | $1.33B | $1.24B | $1.19B | $1.22B | $1.21B | $1.18B | $1.20B | $1.22B | $1.21B | $1.22B | $1.21B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $95.3M | $95.3M | $95.2M | $95.1M | $95.0M | $95.3M | $96.7M | $97.1M | $97.4M | $98.3M | $99.1M | $99.8M |
| Retained earnings (deficit) | $1.48B | $1.27B | $1.23B | $1.21B | $1.20B | $1.20B | $1.18B | $1.18B | $1.17B | $1.15B | $1.15B | $1.14B |
| Accumulated other comprehensive income | −$399.0M | −$393.7M | −$381.6M | −$386.5M | −$386.7M | −$429.2M | −$450.5M | −$401.0M | −$434.6M | −$418.6M | −$401.3M | −$431.5M |
| Minority interest | $43.6M | $43.6M | $42.6M | $41.4M | $40.7M | — | — | — | — | — | — | — |
| Total shareholders' equity | $1.57B | $1.35B | $1.32B | $1.28B | $1.28B | $1.24B | $1.22B | $1.28B | $1.25B | $1.26B | $1.29B | $1.26B |
| Key figures | ||||||||||||
| Total debt | $763.7M | $659.6M | $644.4M | $672.6M | $643.4M | $653.3M | $642.2M | $647.5M | $645.8M | $656.4M | $666.2M | $670.1M |
| Net cash (debt) | −$667.9M | −$552.7M | −$515.1M | −$569.1M | −$502.8M | −$555.8M | −$521.0M | −$527.9M | −$517.8M | −$564.3M | −$575.5M | −$575.0M |
| Working capital | $1.10B | $742.0M | $681.9M | $635.8M | $616.9M | $597.7M | $586.5M | $605.5M | $586.6M | $586.7M | $595.7M | $590.7M |
| Tangible book value | $1.23B | $1.01B | $969.5M | $936.8M | $934.0M | $890.7M | $875.5M | $920.6M | $896.9M | $908.0M | $924.3M | $904.0M |
| Book value per share | $20.14 | $17.54 | $17.07 | $16.72 | $16.69 | $15.93 | $15.57 | $16.24 | $15.75 | $15.84 | $16.07 | $15.62 |
| Shares outstanding | 77.9M | 77.2M | 77.0M | 76.8M | 76.9M | 77.7M | 78.4M | 78.7M | 79.4M | 79.8M | 80.1M | 80.7M |
| Current ratio | 2.62 | 2.38 | 2.55 | 2.60 | 2.46 | 2.44 | 2.53 | 2.52 | 2.41 | 2.42 | 2.44 | 2.41 |
| Quick ratio | 0.75 | 0.82 | 0.95 | 0.99 | 1.03 | 0.93 | 0.98 | 1.01 | 1.04 | 0.96 | 0.92 | 0.91 |
| Debt / equity | 0.49 | 0.49 | 0.49 | 0.52 | 0.50 | 0.53 | 0.53 | 0.51 | 0.52 | 0.52 | 0.52 | 0.53 |
| Equity / assets | 49.5% | 49.6% | 50.7% | 51.0% | 50.4% | 49.7% | 50.1% | 50.6% | 49.9% | 50.2% | 50.6% | 50.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed August 12, 2026); data from EODHD.
KMT financial position
At the end of fiscal 2026 (June 30, 2026), Kennametal had total assets of $3.2 billion (up 24.4% from a year earlier), total liabilities of $1.6 billion and shareholders' equity of $1.6 billion. It held $95.8 million in cash and short-term investments against $731.5 million of debt, net debt of $635.7 million. Its current ratio was 2.62.
Related: KMT income statement, KMT cash flow statement, KMT key metrics. See the KMT stock overview for the latest quote and news.
KMT balance sheet FAQ
What are Kennametal's total assets?
Kennametal reported total assets of $3.2 billion at the end of fiscal 2026 (June 30, 2026), compared with $2.5 billion a year earlier.
How much debt does Kennametal have?
Kennametal had $731.5 million of total debt at the end of fiscal 2026, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.47.
How much cash does Kennametal have?
Kennametal held $95.8 million in cash and short-term investments at the end of fiscal 2026; with $731.5 million of debt that is net debt of $635.7 million.
What is Kennametal's book value?
Kennametal's shareholders' equity (book value) was $1.6 billion at the end of fiscal 2026, or $20.28 per share.
What is Kennametal's current ratio?
Kennametal had current assets of $1.8 billion and current liabilities of $676.7 million, a current ratio of 2.62 (it can cover its short-term obligations).
How much goodwill does Kennametal have?
Kennametal carried $335.1 million of goodwill and intangible assets, 10.6% of total assets, at the end of fiscal 2026.