The company maintains a healthy liquidity profile with a current ratio of 3.27 as of 2026Q1, supported by a conservative debt-to-equity ratio of 0.19.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 |
|---|
| Total Current Assets | 297.4M | 291.4M | 361.4M | 428.8M | 362.4M | 380.3M | 419.6M | 388.4M | 365M | 394.9M | 330.1M | 419.3M | 474M | 501.82M | 377.28M |
| Cash & Short-Term Investments | 41M | 54.2M | 130.1M | 87.3M | 48.2M | 68.9M | 147.8M | 78.4M | 73.5M | 111.7M | 66.2M | 63.3M | 55.2M | 105.59M | 10.3M |
| Cash Only | 41M | 54.2M | 130.1M | 87.3M | 48.2M | 68.9M | 147.8M | 78.4M | 73.5M | 111.7M | 66.2M | 63.3M | 55.2M | 105.59M | 10.3M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 109.2M | 102.8M | 105M | 90.7M | 134.7M | 146.6M | 131.4M | 159.6M | 140.3M | 137.7M | 145.1M | 145.2M | 236.3M | 224.56M | 217.46M |
| Days Sales Outstanding | 83.29 | 63.25 | 69.24 | 72.47 | 102.68 | 61.64 | 62.75 | 68.15 | 61.93 | 67.54 | 70.08 | 62.38 | 75.57 | 67.47 | 71 |
| Inventory | 136.2M | 124.6M | 118M | 127M | 169.5M | 153.1M | 130.1M | 141.8M | 140.1M | 125.6M | 108.2M | 118.4M | 162M | 149.17M | 133.55M |
| Days Inventory Outstanding | 172.51 | 130.42 | 129.61 | 180.58 | 245.7 | 106.12 | 94.03 | 97.43 | 100.19 | 99.64 | 82.93 | 80.84 | 63.72 | 66 | 68.6 |
| Other Current Assets | 11M | 9.8M | 8.3M | 123.8M | 10M | 0 | 10.3M | 8.6M | 11.1M | 19.9M | 10.6M | 9.2M | 20.5M | 22.51M | 15.97M |
| Total Non-Current Assets | 756.5M | 759.7M | 756.8M | 1.03B | 821.5M | 1.35B | 1.24B | 1.27B | 1.23B | 1.19B | 1.19B | 1.36B | 1.52B | 1.67B | 1.67B |
| Property, Plant & Equipment | 164M | 159.3M | 138.7M | 156.1M | 174.4M | 218.2M | 214.8M | 240.1M | 211.7M | 183M | 186.2M | 215.3M | 315.9M | 361M | 362.37M |
| Fixed Asset Turnover | 2.97x | 3.72x | 3.99x | 2.93x | 2.75x | 3.98x | 3.56x | 3.56x | 3.91x | 4.07x | 4.06x | 3.95x | 3.61x | 3.37x | 3.09x |
| Goodwill | 270.3M | 270.3M | 269.8M | 270.5M | 471M | 941.3M | 910M | 909.9M | 887.9M | 884.9M | 894.6M | 925.8M | 914.7M | 961.92M | 946.13M |
| Intangible Assets | 137.1M | 141.1M | 157.4M | 175.6M | 85.1M | 97.3M | 78.7M | 91.7M | 56.7M | 53.5M | 77.4M | 97M | 270.3M | 318.31M | 344.79M |
| Long-Term Investments | 237.8M | 83.4M | 84.6M | 6.2M | 6.3M | 6.4M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 185.1M | 105.6M | 14.6M | 326M | 9.9M | 10M | 13.9M | 11M | 13.5M | 11.1M | 11.8M | 106M | 13.6M | 27.07M | 13.95M |
| Total Assets | 1.05B | 1.05B | 1.12B | 1.46B | 1.18B | 1.73B | 1.65B | 1.65B | 1.55B | 1.55B | 1.52B | 1.7B | 2B | 2.17B | 2.05B |
| Asset Turnover | 0.43x | 0.56x | 0.49x | 0.31x | 0.40x | 0.50x | 0.46x | 0.52x | 0.53x | 0.48x | 0.50x | 0.50x | 0.57x | 0.56x | 0.55x |
| Asset Growth % | -24.66% | -6% | -23.56% | 23.56% | -31.63% | 4.63% | 0.02% | 6.89% | -0.12% | 2.29% | -10.76% | -15.05% | -7.91% | 5.8% | - |
| Total Current Liabilities | 90.9M | 105.9M | 197.6M | 164.6M | 99.1M | 166.2M | 297.3M | 151.5M | 141.8M | 151.6M | 149M | 226.9M | 288.6M | 209.97M | 233.42M |
| Accounts Payable | 44.5M | 42.9M | 58.5M | 35.9M | 41.4M | 90.9M | 70.3M | 87.7M | 77.2M | 85.6M | 71.8M | 77.2M | 172.1M | 143.81M | 171.4M |
| Days Payables Outstanding | 57.25 | 44.91 | 64.26 | 51.05 | 60.01 | 63.01 | 50.81 | 60.26 | 55.21 | 67.91 | 55.03 | 52.71 | 67.7 | 63.63 | 88.04 |
| Short-Term Debt | 4.6M | 4.1M | 68.5M | 47.1M | 0 | 0 | 177.9M | 11.7M | 2.4M | 2.5M | 12.1M | 32.9M | 16.2M | 2.23M | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 86.3M | 28.2M | 33.2M | 47.1M | 17.4M | 16.7M | 16M | 14.1M | 17.7M | 25.7M | 23.6M | 32.6M | 47.6M | 25.25M | 24.31M |
| Current Ratio | 3.27x | 2.75x | 1.83x | 2.61x | 3.66x | 2.29x | 1.41x | 2.56x | 2.57x | 2.60x | 2.22x | 1.85x | 1.64x | 2.39x | 1.62x |
| Quick Ratio | 1.77x | 1.58x | 1.23x | 1.83x | 1.95x | 1.37x | 0.97x | 1.63x | 1.59x | 1.78x | 1.49x | 1.33x | 1.08x | 1.68x | 1.04x |
| Cash Conversion Cycle | 198.55 | 148.77 | 134.6 | 202.01 | 288.37 | 104.75 | 105.97 | 105.32 | 106.91 | 99.27 | 97.98 | 90.51 | 71.6 | 69.84 | 51.56 |
| Total Non-Current Liabilities | 182.8M | 169.4M | 164.6M | 264.1M | 91.9M | 108.9M | 54.1M | 222.2M | 244.8M | 299.7M | 357.6M | 514.3M | 473.7M | 70.78M | 623M |
| Long-Term Debt | 146.6M | 130.1M | 134M | 224.1M | 45M | 70M | 0 | 156.8M | 158.1M | 192.6M | 288.5M | 399.2M | 385M | 0 | 528.81M |
| Capital Lease Obligations | 50.6M | 16.1M | 6.2M | 8.8M | 8.6M | 18.3M | 24.2M | 32M | 10.1M | 12.3M | 13.2M | 15.4M | 5.8M | 180K | 0 |
| Deferred Tax Liabilities | 4.4M | 1.1M | 3.6M | 3M | 3.4M | 5.6M | 2M | 14M | 55.9M | 40.1M | 21.7M | 18.4M | 49.2M | 45.89M | 61.84M |
| Other Non-Current Liabilities | 35.1M | 22.1M | 20.8M | 28M | 34.9M | 15M | 27.9M | 19.4M | 20.7M | 54.7M | 34.2M | 81.3M | 33.7M | 24.71M | 32.35M |
| Total Liabilities | 273.7M | 275.3M | 362.2M | 428.7M | 191M | 275.1M | 351.4M | 373.7M | 386.6M | 451.3M | 506.6M | 689.7M | 762.3M | 282.99M | 856.42M |
| Total Debt | 151.2M | 150.3M | 213M | 286.7M | 64.5M | 102.4M | 202.1M | 200.5M | 170.6M | 207.4M | 313.8M | 447.5M | 407M | 2.42M | 528.81M |
| Net Debt | 110.2M | 96.1M | 82.9M | 199.4M | 16.3M | 33.5M | 54.3M | 122.1M | 97.1M | 95.7M | 247.6M | 384.2M | 351.8M | -103.17M | 518.51M |
| Debt / Equity | 0.19x | 0.19x | 0.28x | 0.28x | 0.06x | 0.07x | 0.16x | 0.16x | 0.14x | 0.18x | 0.31x | 0.44x | 0.33x | 0.00x | 0.45x |
| Debt / EBITDA | 1.05x | 1.32x | 2.26x | 3.79x | 0.45x | 0.57x | 1.86x | 1.41x | 1.29x | 1.66x | 2.51x | 3.52x | 3.18x | 0.01x | 2.06x |
| Net Debt / EBITDA | 0.76x | 0.84x | 0.88x | 2.64x | 0.11x | 0.19x | 0.50x | 0.86x | 0.73x | 0.76x | 1.98x | 3.02x | 2.75x | -0.35x | 2.02x |
| Interest Coverage | 8.62x | 7.88x | 2.73x | 6.04x | 21.30x | 8.26x | 1.66x | 5.33x | 4.68x | 1.95x | 2.42x | 2.77x | -7.22x | 3.42x | 2.40x |
| Total Equity | 780.2M | 775.8M | 756M | 1.03B | 992.9M | 1.46B | 1.3B | 1.29B | 1.21B | 1.13B | 1.01B | 1.01B | 1.24B | 1.89B | 1.19B |
| Equity Growth % | 1.64% | 2.62% | -26.89% | 4.15% | -31.97% | 11.97% | 1.16% | 6.35% | 7.02% | 12.26% | 0.17% | -18.56% | -34.49% | 58.83% | - |
| Book Value per Share | - | 8.89 | 8.39 | 11.29 | 10.83 | 15.41 | 14.03 | 13.79 | 13.29 | 12.51 | 11.31 | 11.60 | 14.54 | 22.19 | 13.97 |
| Total Shareholders' Equity | 780.2M | 775.8M | 756M | 1.03B | 992.9M | 1.46B | 1.3B | 1.29B | 1.21B | 1.13B | 1.01B | 1.01B | 1.24B | 1.89B | 1.19B |
| Common Stock | 1M | 1M | 1M | 1M | 1M | 1M | 900K | 900K | 900K | 900K | 900K | 900K | 900K | 1.85B | 1.18B |
| Retained Earnings | -559.7M | -569.4M | -613.6M | -375.8M | -448.2M | -18.1M | -168.5M | -175.1M | -224.2M | -291.9M | -360.1M | -317.8M | -84M | 0 | 0 |
| Treasury Stock | 0 | -270.7M | -205.2M | -151.2M | -103.3M | -62.4M | -16.2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -121.7M | -124.7M | -138.1M | -129.8M | -122.1M | -100.4M | -100.5M | -112M | -111M | -100M | -132.1M | -126.2M | -53.3M | 1.89B | 1.2B |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Consumer electronics demand volatility
According to recent financial statements, Knowles has maintained a consistent total asset base of approximately $1.1 billion since 2025Q1, suggesting that the company's strategic pivot toward higher-margin precision devices is being managed without significant balance sheet erosion despite ongoing volatility in the core audio segment.
The stability in total assets indicates that management is successfully recycling capital from legacy audio operations into new industrial and medical ventures. Investors should monitor whether this equilibrium persists as the company integrates recent acquisitions and navigates the cyclicality inherent in its primary consumer electronics end-markets.
Based on reported figures, Knowles maintains a modest debt-to-equity ratio of 0.19 as of 2026Q1, reflecting a disciplined approach to capital structure that provides the company with significant financial headroom to pursue inorganic growth opportunities without overextending its balance sheet during periods of market uncertainty.
The current leverage profile appears well-contained, particularly given the company's ability to service its obligations through its specialized niche dominance. This conservative stance may serve as a critical buffer, allowing the firm to maintain R&D intensity even if consumer electronics demand experiences further, unexpected contraction.
As reported in recent SEC filings, Knowles' current ratio of 3.27 in 2026Q1 demonstrates a strong liquidity position, providing a substantial cushion against short-term operational shocks and ensuring the company can meet its immediate obligations despite the inherent volatility of its high-volume consumer audio business model.
The improvement in the current ratio from 1.83 in 2024Q4 suggests a more cautious management of working capital or a deliberate build-up of liquid assets. This liquidity profile appears adequate to support the company's ongoing transformation, though investors should watch for potential inventory obsolescence that could impair these headline figures.
Analysis of the company's equity structure reveals a persistent negative retained earnings balance of $559.7 million as of 2026Q1, which warrants further investigation into the historical accounting charges and capital allocation decisions that continue to weigh on the firm's overall book value and long-term equity quality.
While the total equity remains stable, the deep deficit in retained earnings suggests that past impairments or aggressive capital returns may have structurally altered the balance sheet. This trend warrants careful scrutiny, as it may limit the company's future flexibility to reinvest in growth without relying on external financing.
Based on the provided financial data, goodwill accounts for approximately $270.3 million of total assets, representing a significant portion of the balance sheet that could be subject to impairment if the integration of recent acquisitions fails to meet projected synergies in the precision devices segment.
The reliance on intangible assets to support the book value suggests that the company's valuation is sensitive to the successful execution of its strategic pivot. Any failure to maintain the competitive moat in its specialized niches could lead to non-cash write-downs that would materially impact the reported equity position.
Quick answers to the most common questions about buying KN stock.
As of 2025, Knowles Corporation (KN) had total assets of $1.05B including $291.4M in current assets.
Knowles Corporation (KN) carries total debt of $150.3M, offset by $54.2M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Knowles Corporation (KN) has total shareholders' equity (book value) of $775.8M ($8.89 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Knowles Corporation (KN) reported a current ratio of 2.75x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.