Kellanova (K)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 15,628,000 | 15,621,000 | 18,496,000 | 18,178,000 | 17,996,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $15,628,000K
= 0.00
The debt-to-assets ratio of Kellanova remained constant at 0.00 for the years ending December 31, 2020 through December 31, 2024. A debt-to-assets ratio of 0.00 indicates that the company has no debt in relation to its total assets during this period. This may suggest that Kellanova has been primarily financing its operations and investments using equity rather than debt. While a low or zero debt-to-assets ratio may signify financial stability and low risk of default, it's essential to consider the company's overall financial strategy and objectives when evaluating its capital structure.
Peer comparison
Dec 31, 2024