Kellanova (K)

Current ratio

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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Total current assets US$ in thousands 3,330,000 4,986,000 4,288,000 4,324,000 4,186,000 4,444,000 4,261,000 3,816,000 3,394,000 3,799,000 3,747,000 3,639,000 3,482,000 4,753,000 4,492,000 4,290,000 3,431,000 3,492,000 3,504,000 3,373,000
Total current liabilities US$ in thousands 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 4,778,000 4,389,000 4,989,000 4,978,000
Current ratio 0.66 0.76 0.66 0.72 0.66 0.74 0.70 0.65 0.64 0.76 0.76 0.68 0.66 0.79 0.77 0.77 0.72 0.80 0.70 0.68

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 varied over the past five years, ranging from as low as 0.64 to as high as 0.80. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A current ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities with its current assets alone.

In the most recent period, Kellanova's current ratio was 0.66, which suggests that the company may potentially face challenges in meeting its short-term obligations with its current assets. It's important to monitor this ratio over time to assess the company's liquidity and financial health. A trend of consistently low current ratios could indicate potential risks in the company's financial position, while an increasing trend may signal improvement in liquidity management.


Peer comparison

Dec 31, 2023


See also:

Kellanova Current Ratio (Quarterly Data)