Kellanova (K)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 4.14 | 4.32 | 4.63 | 4.86 | 4.92 | 4.63 | 4.57 | 4.60 | 4.69 | 4.44 | 4.64 | 4.90 | 4.89 | 5.28 | 5.42 | 5.76 | 5.78 | 6.22 | 6.46 | 6.82 |
Based on the provided financial data for Kellanova, the solvency ratios indicate a strong financial position with consistently low levels of debt in relation to assets, capital, and equity.
1. Debt-to-assets ratio: Kellanova has maintained a debt-to-assets ratio of 0.00 throughout the reporting periods. This indicates that the company has not relied on debt financing to fund its operations and investments, resulting in a low financial risk related to debt obligations.
2. Debt-to-capital ratio: Similarly, the debt-to-capital ratio has remained at 0.00 across all periods. This ratio signifies the proportion of a company's capital structure that is financed through debt, and Kellanova's ability to operate without significant debt is a positive sign for its solvency and financial stability.
3. Debt-to-equity ratio: Kellanova's debt-to-equity ratio also shows a consistent 0.00 ratio, indicating that the company has not taken on any debt in relation to its equity. This further supports the strong financial position and lack of reliance on debt financing for its operations.
4. Financial leverage ratio: The financial leverage ratio shows a decreasing trend over the reporting periods, from 6.82 on March 31, 2020, to 4.14 on December 31, 2024. This indicates that Kellanova has been gradually reducing its reliance on debt to finance its operations, resulting in a lower level of financial risk and improved solvency.
Overall, the solvency ratios for Kellanova reflect a financially healthy and stable position, with minimal debt levels and a decreasing reliance on debt financing over time. This suggests that the company has been effectively managing its financial resources and maintaining a strong solvency position throughout the analyzed periods.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 6.32 | 4.39 | 3.97 | 3.83 | 3.75 | 3.79 | 4.61 | 5.12 | 6.49 | 10.50 | 9.83 | 10.18 | 9.82 | 7.52 | 7.42 | 6.93 | 6.70 | 7.06 | 6.57 | 6.08 |
The interest coverage ratio of Kellanova has exhibited fluctuations over the past few years. Starting from March 31, 2020, the interest coverage ratio was 6.08, indicating that the company's operating income was able to cover its interest expenses about 6 times.
The ratio showed a gradual increase until December 31, 2021, reaching 9.82, suggesting a significant improvement in the company's ability to cover interest payments. However, there was a decline in the ratio by the end of March 31, 2022, although it remained relatively high at 10.18.
Subsequently, the interest coverage ratio fluctuated, reaching its lowest point at 3.75 on December 31, 2023. This significant decline could indicate potential concerns regarding the company's ability to meet its interest obligations from its operating income during that period.
Overall, the trend of the interest coverage ratio for Kellanova indicates fluctuations in its ability to cover interest expenses, reflecting changes in the company's financial performance and efficiency in managing its debt obligations over the years.