What is Kadant's banker's acceptance drafts?

Kadant (KAI) reported banker's acceptance drafts of $9.29M in Q1 2026.

What does banker's acceptance drafts mean?

This represents the fair value of banker's acceptance drafts held by the company, which are short-term debt instruments guaranteed by a bank. It serves as a measure of the company's liquid financial assets and its participation in trade finance markets to manage working capital.

Kadant KAI Banker's acceptance drafts

Banker's acceptance drafts at other companies

Applied OptoelectronicsAAOI

$35.77M+49.1%

MarketAxessMKTX

$0—

Landstar SystemLSTR

$54.43M-8.3%

Henry ScheinHSIC

$25M-24.2%

Churchill DownsCHDN

$6M+20.0%

US FoodsUSFD

$158M-23.3%

Other financials

Income statement

See full

Revenue$281.5M+17.7%

Gross profit$126.7M+14.8%

Operating income$40.1M+12.7%

Net income$25.5M+6.0%

EPS (diluted)$2.16+5.9%

Balance sheet

See full

Cash & equivalents$119.8M+27.7%

Total debt$368.6M+30.6%

Total equity$995.6M+13.7%

Total assets$1.7B+19.5%

Cash flow

See full

Operating cash flow$21.9M-4.0%

CapEx$3.3M-15.1%

Free cash flow$18.7M-1.8%

Valuation

See full

Market cap$3.55B-6.9%

Profitability

See full

Gross margin45%+0.4pp

Operating margin14.8%-1.5pp

Net margin9.4%-1.2pp

FCF margin14.1%+1.0pp

Returns & leverage

See full

Return on equity11.1%-2.3pp

Debt / equity0.4×0.0×

Current ratio2.5×0.0×

Where this comes from

Reported directly by Kadant in its filing.

Tagged under the XBRL concept kai:BankersAcceptanceDraftsFairValueDisclosure.

The official record: Kadant’s 10-Q, filed May 13, 2026, on SEC EDGAR. View the filing →

Ask your AI about Kadant's banker's acceptance drafts.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Kadant's banker's acceptance drafts?: Kadant (KAI) reported banker's acceptance drafts of $9.29M in Q1 2026.
What does banker's acceptance drafts mean?: This represents the fair value of banker's acceptance drafts held by the company, which are short-term debt instruments guaranteed by a bank. It serves as a measure of the company's liquid financial assets and its participation in trade finance markets to manage working capital.