Kellanova Balance Sheet Health
Financial Health criteria checks 3/6
Kellanova has a total shareholder equity of $3.4B and total debt of $5.8B, which brings its debt-to-equity ratio to 169.7%. Its total assets and total liabilities are $15.3B and $11.9B respectively. Kellanova's EBIT is $1.5B making its interest coverage ratio 6.8. It has cash and short-term investments of $281.0M.
Key information
169.7%
Debt to equity ratio
US$5.82b
Debt
| Interest coverage ratio | 6.8x |
| Cash | US$281.00m |
| Equity | US$3.43b |
| Total liabilities | US$11.87b |
| Total assets | US$15.30b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: K's short term assets ($3.5B) do not cover its short term liabilities ($4.8B).
Long Term Liabilities: K's short term assets ($3.5B) do not cover its long term liabilities ($7.1B).
Debt to Equity History and Analysis
Debt Level: K's net debt to equity ratio (161.5%) is considered high.
Reducing Debt: K's debt to equity ratio has reduced from 291.2% to 169.7% over the past 5 years.
Debt Coverage: K's debt is well covered by operating cash flow (29.9%).
Interest Coverage: K's interest payments on its debt are well covered by EBIT (6.8x coverage).