Kellanova (K)
Cash ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 274,000 | 299,000 | 286,000 | 435,000 | 397,000 |
| Short-term investments | US$ in thousands | — | 49,000 | 14,000 | 4,000 | 0 |
| Total current liabilities | US$ in thousands | 5,060,000 | 6,349,000 | 5,315,000 | 5,238,000 | 4,778,000 |
| Cash ratio | 0.05 | 0.05 | 0.06 | 0.08 | 0.08 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($274,000K
+ $—K)
÷ $5,060,000K
= 0.05
The cash ratio of Kellanova has remained relatively stable over the last five years, ranging from 0.05 to 0.08. This ratio indicates the company's ability to cover its short-term liabilities with its cash and cash equivalents. A cash ratio of 0.05 to 0.08 suggests that Kellanova may have a limited amount of cash on hand relative to its current liabilities, which could raise concerns about its short-term liquidity position. Further analysis of the company's cash management practices and overall liquidity position would be necessary to fully assess the implications of these cash ratio levels.
Peer comparison
Dec 31, 2023