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.