Kellanova (K)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,754,000 | 3,855,000 | 3,470,000 | 3,450,000 | 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 |
| 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 |
| Current ratio | 0.81 | 0.77 | 0.73 | 0.62 | 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 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,754,000K ÷ $4,660,000K
= 0.81
The current ratio of Kellanova has been fluctuating over the past few years, ranging from a low of 0.62 to a high of 0.81. This 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 covering its current liabilities with its current assets alone.
Kellanova's current ratio has generally remained below 1, indicating potential liquidity challenges in meeting short-term obligations. Although there have been some improvements in the ratio over the years, the company may need to carefully manage its working capital to ensure it can meet its short-term financial obligations. Additionally, stakeholders may need to monitor the trend of the current ratio over time to assess the company's liquidity position accurately.
Peer comparison
Dec 31, 2024