Kellanova Balance Sheet Health
Financial Health criteria checks 3/6
Kellanova has a total shareholder equity of $3.4B and total debt of $5.9B, which brings its debt-to-equity ratio to 174.3%. Its total assets and total liabilities are $15.6B and $12.3B respectively. Kellanova's EBIT is $1.4B making its interest coverage ratio 6.9. It has cash and short-term investments of $283.0M.
Key information
174.3%
Debt to equity ratio
US$5.87b
Debt
Interest coverage ratio | 6.9x |
Cash | US$283.00m |
Equity | US$3.37b |
Total liabilities | US$12.25b |
Total assets | US$15.62b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: K's short term assets ($3.3B) do not cover its short term liabilities ($5.1B).
Long Term Liabilities: K's short term assets ($3.3B) do not cover its long term liabilities ($7.2B).
Debt to Equity History and Analysis
Debt Level: K's net debt to equity ratio (165.9%) is considered high.
Reducing Debt: K's debt to equity ratio has reduced from 282.6% to 174.3% over the past 5 years.
Debt Coverage: K's debt is well covered by operating cash flow (28%).
Interest Coverage: K's interest payments on its debt are well covered by EBIT (6.9x coverage).