Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Kennametal's Total Stockholders Equity for the quarter that ended in Jun. 2022 was $1,253 Mil. Kennametal's Total Assets for the quarter that ended in Jun. 2022 was $2,574 Mil.
Therefore, Kennametal's Equity to Asset Ratio for the quarter that ended in Jun. 2022 was 0.49.
The historical rank and industry rank for Kennametal's Equity-to-Asset or its related term are showing as below:
KMT'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.34 Med: 0.51 Max: 0.66
Current: 0.49
During the past 13 years, the highest Equity to Asset Ratio of Kennametal was 0.66. The lowest was 0.34. And the median was 0.51.
KMT's Equity-to-Asset is ranked worse than 59.06% of 2770
companies
in the Industrial Products industry
Industry Median: 0.54
vs KMT: 0.49
Kennametal Equity-to-Asset Historical Data
The historical data trend for Kennametal's Equity-to-Asset 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
Jun13
Jun14
Jun15
Jun16
Jun17
Jun18
Jun19
Jun20
Jun21
Jun22
Equity-to-Asset
0.41
0.50
0.41
0.50
0.49
Kennametal Quarterly Data
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Equity-to-Asset
0.50
0.51
0.50
0.50
0.49
Competitive Comparison
For the Tools & Accessories subindustry, Kennametal's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset Distribution
For the Industrial Products industry and Industrials sector, Kennametal's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Kennametal's Equity-to-Asset falls into.
Kennametal Equity-to-Asset Calculation
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Kennametal's Equity to Asset Ratio for the fiscal year that ended in Jun. 2022 is calculated as
* 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) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Kennametal Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Kennametal's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
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.
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