Kellanova (K)

Debt-to-capital 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 stockholders’ equity US$ in thousands 3,175,000 3,941,000 3,720,000 3,112,000 2,747,000
Debt-to-capital ratio 0.62 0.57 0.63 0.68 0.74

December 31, 2023 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $5,089,000K ÷ ($5,089,000K + $3,175,000K)
= 0.62

The debt-to-capital ratio of Kellanova has shown a fluctuating trend over the past five years. The ratio decreased from 0.74 in 2019 to 0.57 in 2022, indicating a reduction in the proportion of debt relative to total capital. However, in 2023, the ratio increased to 0.62, suggesting a slight rise in the company's reliance on debt to finance its operations compared to the previous year. Overall, Kellanova's debt-to-capital ratio has been trending downwards, which may signify improved financial stability and decreased financial risk over the period under review. It is important to monitor this ratio closely to assess the company's leverage and ability to meet its debt obligations effectively.


Peer comparison

Dec 31, 2023


See also:

Kellanova Debt to Capital