Kellanova Balance Sheet Health
Financial Health criteria checks 3/6
Kellanova has a total shareholder equity of $3.8B and total debt of $5.9B, which brings its debt-to-equity ratio to 156.9%. Its total assets and total liabilities are $15.8B and $12.0B respectively. Kellanova's EBIT is $1.7B making its interest coverage ratio 7.5. It has cash and short-term investments of $577.0M.
Key information
156.9%
Debt to equity ratio
US$5.90b
Debt
| Interest coverage ratio | 7.5x |
| Cash | US$577.00m |
| Equity | US$3.76b |
| Total liabilities | US$12.01b |
| Total assets | US$15.76b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KEL's short term assets ($3.9B) do not cover its short term liabilities ($5.0B).
Long Term Liabilities: KEL's short term assets ($3.9B) do not cover its long term liabilities ($7.0B).
Debt to Equity History and Analysis
Debt Level: KEL's net debt to equity ratio (141.5%) is considered high.
Reducing Debt: KEL's debt to equity ratio has reduced from 240.3% to 156.9% over the past 5 years.
Debt Coverage: KEL's debt is well covered by operating cash flow (26.1%).
Interest Coverage: KEL's interest payments on its debt are well covered by EBIT (7.5x coverage).