Is it safe?
Can KMT take a bad year?
Kennametal Inc. carries $491M of net debt at 1.45× EBITDA: a load its earnings can carry.
$491M
Net debt · as at Q3 2026 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 1.45×
Net debt / EBITDA · 1.64× a year ago · the load is coming down
- Altman Z-score
- 3.28
Altman Z-score · safe zone, above 3
- Interest cover
- 8.12×
Interest cover · operating profit covers the interest bill several times over
Details›
- Total debtQ3 2026
- $597M
- Cash and short-term investments
- $107M
- Net debt
- $491M
- EBITDA, trailing twelve months
- $339M
- Operating profit, trailing twelve months
- $201M
- Debt / equity
- 0.44×
- Total debt / EBITDA
- 1.76×
- Annualised volatilitytwo years of daily moves
- 42%
- Worst drawdown on file
- −69%
- Below its 52-week high
- −30%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
Tools & Accessories
Ranks #3 of 8 by Smart Score