Kellanova Balance Sheet Health
Financial Health criteria checks 3/6
Kellanova has a total shareholder equity of $3.3B and total debt of $6.0B, which brings its debt-to-equity ratio to 183.6%. Its total assets and total liabilities are $15.3B and $12.0B respectively. Kellanova's EBIT is $1.5B making its interest coverage ratio 6.8. It has cash and short-term investments of $251.0M.
Key information
183.6%
Debt to equity ratio
US$6.02b
Debt
Interest coverage ratio | 6.8x |
Cash | US$251.00m |
Equity | US$3.28b |
Total liabilities | US$12.04b |
Total assets | US$15.32b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KEL's short term assets ($3.5B) do not cover its short term liabilities ($5.5B).
Long Term Liabilities: KEL's short term assets ($3.5B) do not cover its long term liabilities ($6.5B).
Debt to Equity History and Analysis
Debt Level: KEL's net debt to equity ratio (175.9%) is considered high.
Reducing Debt: KEL's debt to equity ratio has reduced from 300.7% to 183.6% over the past 5 years.
Debt Coverage: KEL's debt is well covered by operating cash flow (28.8%).
Interest Coverage: KEL's interest payments on its debt are well covered by EBIT (6.8x coverage).