Kellanova (K)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,330,000 | 4,186,000 | 3,394,000 | 3,482,000 | 3,431,000 |
| Total current liabilities | US$ in thousands | 5,060,000 | 6,349,000 | 5,315,000 | 5,238,000 | 4,778,000 |
| Current ratio | 0.66 | 0.66 | 0.64 | 0.66 | 0.72 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,330,000K ÷ $5,060,000K
= 0.66
The current ratio of Kellanova has remained relatively stable over the past five years, ranging from 0.64 to 0.72. The ratio indicates the company's ability to meet its short-term obligations with its current assets. A current ratio below 1 suggests that the company may have difficulty meeting its short-term obligations using its current assets alone.
Although the current ratio of Kellanova has consistently been below 1, indicating a potential liquidity risk, it is important to assess this ratio in conjunction with other financial metrics and consider industry benchmarks to fully understand the company's liquidity position. Further analysis should be conducted to determine the underlying reasons for the current ratio trend and assess the company's overall financial health.
Peer comparison
Dec 31, 2023