WK Kellogg Co (KLG)
Current ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | ||
|---|---|---|---|---|
| Total current assets | US$ in thousands | 619,000 | 602,000 | 642,000 |
| Total current liabilities | US$ in thousands | 841,000 | 770,000 | 778,000 |
| Current ratio | 0.74 | 0.78 | 0.83 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $619,000K ÷ $841,000K
= 0.74
The current ratio of WK Kellogg Co has been decreasing over the three quarters in the year 2024. In June 2024, the current ratio was 0.83, which decreased to 0.78 in September 2024, and further declined to 0.74 by December 2024. This downward trend indicates that the company may be facing challenges in meeting its short-term financial obligations with its current assets. It is essential for WK Kellogg Co to closely monitor and manage its current assets and liabilities to improve its liquidity position and ensure financial stability in the future.
Peer comparison
Dec 31, 2024
Company name
Symbol
Current ratio
WK Kellogg Co
KLG
0.74
General Mills Inc
GIS
0.65
Ingredion Incorporated
INGR
1.92
Kellanova
K
0.66
Post Holdings Inc
POST
2.36