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Kennametal (Kennametal) Effective Interest Rate on Debt %

: 4.10% (As of Dec. 2023)
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Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Kennametal's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $27 Mil. Kennametal's average total debt for the quarter that ended in Dec. 2023 was $668 Mil. Therefore, Kennametal's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 4.10%.


Kennametal Effective Interest Rate on Debt % Historical Data

The historical data trend for Kennametal's Effective Interest Rate on Debt % 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.

* Premium members only.

Kennametal Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Effective Interest Rate on Debt %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.17 4.05 5.17 3.94 4.37

Kennametal Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Effective Interest Rate on Debt % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.89 4.37 4.24 4.03 4.10

Competitive Comparison

For the Tools & Accessories subindustry, Kennametal's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % 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.


Kennametal Effective Interest Rate on Debt % Distribution

For the Industrial Products industry and Industrials sector, Kennametal's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Kennametal's Effective Interest Rate on Debt % falls into.



Kennametal Effective Interest Rate on Debt % Calculation

Kennametal's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jun. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jun. 2022 )+Total Debt  (A: Jun. 2023 ))/ count )
=-1  *  -28.496/( (663.279+639.418)/ 2 )
=-1  *  -28.496/651.3485
=4.37 %

where

Total Debt  (A: Jun. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=629.706 + 33.573
=663.279

Total Debt  (A: Jun. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=627.35 + 12.068
=639.418

Kennametal's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -27.388/( (670.051+666.206)/ 2 )
=-1  *  -27.388/668.1285
=4.10 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=627.16 + 42.891
=670.051

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=630.59 + 35.616
=666.206

* 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.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Kennametal  (NYSE:KMT) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


Kennametal Effective Interest Rate on Debt % Related Terms

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Kennametal (Kennametal) Business Description

Industry
Traded in Other Exchanges
Address
525 William Penn Place, Suite 3300, Pittsburgh, PA, USA, 15219
Kennametal Inc is a manufacturer of metalworking tools and wear-resistant engineered components and coatings. The company operates in two business segments: Metal Cutting and infrastructure. It generates maximum revenue from the Metal Cutting segment. The Metal Cutting segment develops and manufactures high performance tooling and metal cutting products and services and offers an assortment of standard and custom metal cutting solutions to diverse end markets, including aerospace, general engineering, energy, and transportation. Geographically, it derives a majority of revenue from the United States.
Executives
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
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
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
Lawrence W Stranghoener director 2035 KIMBERLY COURT, PLYMOUTH MN 55447