WK Kellogg Co (KLG)
Debt-to-equity ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | ||
|---|---|---|---|---|
| Long-term debt | US$ in thousands | 460,000 | 472,000 | 478,000 |
| Total stockholders’ equity | US$ in thousands | 317,000 | 316,000 | 336,000 |
| Debt-to-equity ratio | 1.45 | 1.49 | 1.42 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $460,000K ÷ $317,000K
= 1.45
The debt-to-equity ratio of WK Kellogg Co has shown a fluctuating trend over the three quarters in 2024. As of June 30, 2024, the ratio was reported at 1.42, indicating that the company had $1.42 in debt for every $1 of equity. This suggests a moderate level of leverage.
By September 30, 2024, the debt-to-equity ratio had increased to 1.49, reflecting a higher level of financial leverage compared to the previous quarter. This could signal that the company had taken on more debt relative to its equity during this period.
However, by December 31, 2024, the debt-to-equity ratio had slightly decreased to 1.45, although it still remained above the June 30 level. This indicates that the company had made some adjustments to its capital structure but continued to have a significant portion of debt in relation to equity.
Overall, the fluctuating nature of the debt-to-equity ratio for WK Kellogg Co in 2024 suggests that the company may be managing its capital structure strategically, potentially leveraging debt to finance growth opportunities or manage liquidity needs. It is important for stakeholders to monitor this ratio closely to assess the company's financial health and risk profile.
Peer comparison
Dec 31, 2024