WK Kellogg Co (KLG)
Debt-to-assets ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | ||
|---|---|---|---|---|
| Long-term debt | US$ in thousands | 460,000 | 472,000 | 478,000 |
| Total assets | US$ in thousands | 1,962,000 | 1,900,000 | 1,897,000 |
| Debt-to-assets ratio | 0.23 | 0.25 | 0.25 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $460,000K ÷ $1,962,000K
= 0.23
The debt-to-assets ratio of WK Kellogg Co has demonstrated stability over the past three quarters. As of June 30, 2024, the ratio stood at 0.25 and remained consistent at 0.25 as of September 30, 2024. However, there was a slight improvement noted by December 31, 2024, with the ratio declining to 0.23. This indicates that WK Kellogg Co has maintained a healthy balance between debt and assets, with the company's debt representing a relatively modest portion of its total assets. A lower debt-to-assets ratio suggests that the company relies less on debt to finance its operations and investments, which can be viewed positively by investors and creditors as it signifies lower financial risk. Overall, the trend in WK Kellogg Co's debt-to-assets ratio reflects prudent financial management and a strong financial position.
Peer comparison
Dec 31, 2024