Kellanova (K)

Cash ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash and cash equivalents	US$ in thousands	694,000	274,000	299,000	286,000	435,000
Short-term investments	US$ in thousands	—	9,000	49,000	14,000	4,000
Total current liabilities	US$ in thousands	4,660,000	5,060,000	6,349,000	5,315,000	5,238,000
Cash ratio		0.15	0.06	0.05	0.06	0.08

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($694,000K + $—K) ÷ $4,660,000K
= 0.15

The cash ratio of Kellanova has shown some fluctuations over the years. Starting at 0.08 on December 31, 2020, it decreased to 0.06 by December 31, 2021. Further, it slightly dropped to 0.05 by December 31, 2022, before recovering to 0.06 on December 31, 2023. Notably, there was a significant improvement in the cash ratio by December 31, 2024, reaching 0.15. Overall, the cash ratio trend indicates varying levels of liquidity over the years, with a notable increase in liquidity by the end of 2024. This suggests that Kellanova may have strengthened its ability to cover short-term obligations with its cash reserves by the end of 2024 compared to the preceding years.