WK Kellogg Co (KLG)
Financial leverage ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | ||
|---|---|---|---|---|
| Total assets | US$ in thousands | 1,962,000 | 1,900,000 | 1,897,000 |
| Total stockholders’ equity | US$ in thousands | 317,000 | 316,000 | 336,000 |
| Financial leverage ratio | 6.19 | 6.01 | 5.65 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,962,000K ÷ $317,000K
= 6.19
The financial leverage ratio for WK Kellogg Co has exhibited an increasing trend over the three reported quarters in 2024. In June 30, 2024, the financial leverage ratio was 5.65, which increased to 6.01 by September 30, 2024, and further climbed to 6.19 by December 31, 2024. This indicates that the company has been relying more on debt to finance its operations and investments, which may pose higher financial risk due to the increased level of leverage. It is important for WK Kellogg Co to carefully manage its debt levels to ensure financial stability and sustainability in the long term.
Peer comparison
Dec 31, 2024