WK Kellogg Co (KLG)
Interest coverage
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | ||
|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 109,000 | 108,000 | 131,000 |
| Interest expense (ttm) | US$ in thousands | 30,000 | 33,000 | 26,000 |
| Interest coverage | 3.63 | 3.27 | 5.04 |
December 31, 2024 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $109,000K ÷ $30,000K
= 3.63
Based on the provided data, WK Kellogg Co's interest coverage ratio has shown some fluctuations over the year 2024.
- As of June 30, 2024, the interest coverage ratio was 5.04, indicating that the company generated enough operating income to cover its interest expenses 5.04 times over.
- By September 30, 2024, the interest coverage ratio decreased to 3.27, suggesting a slight decline in the company's ability to cover its interest payments from its operating income.
- However, by December 31, 2024, the interest coverage ratio improved to 3.63, although still lower than the ratio recorded in June.
Overall, WK Kellogg Co's interest coverage ratio fluctuated throughout 2024, with some periods showing better coverage than others. It is important for investors and creditors to monitor these ratios to assess the company's financial health and ability to meet its debt obligations.
Peer comparison
Dec 31, 2024