Kellanova (K)
Quick 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 | 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 | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick 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
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($694,000K
+ $—K
+ $—K)
÷ $4,660,000K
= 0.15
The quick ratio of Kellanova has shown fluctuations over the years, indicating variations in the company's liquidity position. The quick ratio measures the company's ability to meet its short-term liabilities using its most liquid assets.
From March 31, 2020, to December 31, 2020, the quick ratio ranged from 0.16 to 0.26, suggesting some level of liquidity stability during this period.
However, by March 31, 2021, the quick ratio declined significantly to 0.07, indicating a potential strain on the company's ability to cover its short-term obligations with its liquid assets.
Subsequent quarters showed marginal improvements in the quick ratio, reaching 0.10 by September 30, 2021.
The ratio then fluctuated around lower levels between 0.05 and 0.10 until September 30, 2023, where it spiked to 0.17, indicating a temporary improvement in liquidity.
From December 31, 2023, to December 31, 2024, the quick ratio stabilized around 0.05 to 0.15, suggesting some level of liquidity challenges persisting for Kellanova.
Overall, the trend in Kellanova's quick ratio reflects fluctuations in the company's ability to meet short-term obligations with its liquid assets, indicating the need for a closer examination of its liquidity management practices.
Peer comparison
Dec 31, 2024