Kellanova (K)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 694,000 | 569,000 | 272,000 | 242,000 | 274,000 | 1,099,000 | 308,000 | 347,000 | 299,000 | 373,000 | 323,000 | 313,000 | 286,000 | 440,000 | 395,000 | 391,000 | 435,000 | 1,329,000 | 1,047,000 | 1,016,000 |
| Short-term investments | US$ in thousands | — | 8,000 | 9,000 | 9,000 | 9,000 | 32,000 | 9,000 | 9,000 | 49,000 | 2,000 | 57,000 | 5,000 | 14,000 | 50,000 | 51,000 | 7,000 | 391,000 | 250,000 | 200,000 | — |
| Total current liabilities | US$ in thousands | 4,660,000 | 4,975,000 | 4,774,000 | 5,525,000 | 5,060,000 | 6,524,000 | 6,476,000 | 6,001,000 | 6,349,000 | 6,033,000 | 6,051,000 | 5,848,000 | 5,315,000 | 5,029,000 | 4,946,000 | 5,385,000 | 5,238,000 | 6,034,000 | 5,856,000 | 5,595,000 |
| Cash ratio | 0.15 | 0.12 | 0.06 | 0.05 | 0.06 | 0.17 | 0.05 | 0.06 | 0.05 | 0.06 | 0.06 | 0.05 | 0.06 | 0.10 | 0.09 | 0.07 | 0.16 | 0.26 | 0.21 | 0.18 |
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 exhibited some fluctuations over the reported periods, ranging from a low of 0.05 to a high of 0.26. The cash ratio indicates the company's ability to cover its short-term liabilities with its cash and cash equivalents.
From March 31, 2020, to September 30, 2021, the cash ratio showed a gradual increase, with the ratio peaking at 0.26 on September 30, 2020. This upward trend suggests an improvement in the company's liquidity position during this period.
However, from March 31, 2021, the cash ratio began to decline steadily up to March 31, 2024, reaching a low of 0.05. A declining trend in the cash ratio may indicate that the company's cash and cash equivalents are decreasing relative to its short-term liabilities, possibly posing liquidity challenges.
One notable anomaly occurred on September 30, 2023, where the cash ratio spiked to 0.17 before returning to a lower level in subsequent periods. This spike could be due to specific events, such as significant cash inflows or the timing of cash outflows.
Overall, the trend in Kellanova's cash ratio suggests some variability in liquidity management over the reported periods, with the need for careful monitoring to ensure the company maintains adequate cash reserves to meet its short-term obligations.
Peer comparison
Dec 31, 2024