Kellanova (K)

Debt-to-assets ratio

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Long-term debt US$ in thousands 5,089,000 5,317,000 6,262,000 6,746,000 7,800,000
Total assets US$ in thousands 15,621,000 18,496,000 18,178,000 17,996,000 17,564,000
Debt-to-assets ratio 0.33 0.29 0.34 0.37 0.44

December 31, 2023 calculation

Debt-to-assets ratio = Long-term debt ÷ Total assets
= $5,089,000K ÷ $15,621,000K
= 0.33

The debt-to-assets ratio of Kellanova has shown a decreasing trend over the past five years, declining from 0.44 in 2019 to 0.33 in 2023. This indicates that the company has been effectively managing its debt relative to its total assets. A lower debt-to-assets ratio suggests that Kellanova relies less on debt financing, which can improve its financial stability and reduce financial risk. However, it is important to consider the industry norms and benchmarks when evaluating the adequacy of the company's debt levels. Overall, the decreasing trend in the debt-to-assets ratio for Kellanova reflects a positive financial position in terms of debt management.


Peer comparison

Dec 31, 2023


See also:

Kellanova Debt to Assets