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WK Kellogg Co (WK Kellogg Co) Cash-to-Debt : 0.14 (As of Mar. 2024)


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What is WK Kellogg Co Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. WK Kellogg Co's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.14.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, WK Kellogg Co couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for WK Kellogg Co's Cash-to-Debt or its related term are showing as below:

KLG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.1   Med: 0.16   Max: 0.19
Current: 0.14

During the past 4 years, WK Kellogg Co's highest Cash to Debt Ratio was 0.19. The lowest was 0.10. And the median was 0.16.

KLG's Cash-to-Debt is ranked worse than
75.58% of 1855 companies
in the Consumer Packaged Goods industry
Industry Median: 0.53 vs KLG: 0.14

WK Kellogg Co Cash-to-Debt Historical Data

The historical data trend for WK Kellogg Co's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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WK Kellogg Co Cash-to-Debt Chart

WK Kellogg Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Cash-to-Debt
N/A - - 0.18

WK Kellogg Co Quarterly Data
Dec20 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only - 0.19 0.10 0.18 0.14

Competitive Comparison of WK Kellogg Co's Cash-to-Debt

For the Packaged Foods subindustry, WK Kellogg Co's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

WK Kellogg Co's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, WK Kellogg Co's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where WK Kellogg Co's Cash-to-Debt falls into.


WK Kellogg Co Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

WK Kellogg Co's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio= Cash, Cash Equivalents, Marketable Securities / Total Debt
= Cash, Cash Equivalents, Marketable Securities / (Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation)
=89 / (12 + 487)
=0.18

WK Kellogg Co's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Cash to Debt Ratio= Cash, Cash Equivalents, Marketable Securities / Total Debt
= Cash, Cash Equivalents, Marketable Securities / (Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation)
=70 / (20 + 484)
=0.14

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

WK Kellogg Co  (NYSE:KLG) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

WK Kellogg Co Cash-to-Debt Related Terms

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WK Kellogg Co (WK Kellogg Co) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » WK Kellogg Co (NYSE:KLG) » Definitions » Cash-to-Debt
Comparable Companies
USNA TJBH UTZ HAIN WEST JBSS BRCC BGS SENEA BYND XSWX:NESN KHC XPAR:BN GIS SHSE:603288 NSE:NESTLEIND SZSE:300999 SHSE:600887 TSE:2802 LSE:ABF
Traded in Other Exchanges
KU9:Germany
Address
One Kellogg Square, Battle Creek, MI, USA, 49016
Website
WK Kellogg is the second-largest cereal manufacturer in North America. Its cereal brands include Special K, Frosted Flakes, Raisin Bran, Froot Loops, Frosted Mini Wheats, Kashi, Corn Flakes, Rice Krispies, Apple Jacks, and Bear Naked. The company was spun off from the former Kellogg business, now known as Kellanova, where the former firm's global snacks portfolio and international cereal are now housed. WK Kellogg, which began trading in October 2023, generates the bulk of its sales (about 88% of its proforma fiscal 2022 base) from its home turf.
Executives
Sherry Brice officer: Chief Supply Chain Officer C/O WK KELLOGG CO, ONE KELLOGG SQUARE, BATTLE CREEK MI 49016
Norma Barnes-euresti director ONE KELLOGG SQUARE, BATTLE CREEK MI 49016
David Mckinstray officer: Chief Financial Officer ONE KELLOGG SQUARE, BATTLE CREEK MI 49016
Doug Vandevelde officer: Chief Growth Officer ONE KELLOGG SQUARE, BATTLE CREEK MI 49016
Gary H Pilnick director, officer: President
Bruce Alan Brown officer: Chief Customer Officer ONE KELLOGG SQUARE, BATTLE CREEK MI 49016
Michael Corbo director C/O COLGATE-PALMOLIVE COMPANY, 300 PARK AVENUE, NEW YORK NY 10022
Mindy Sherwood director C/O WK KELLOGG CO, ONE KELLOGG SQUARE, BATTLE CREEK MI 49016
Julio N Nemeth director ONE PROCTER & GAMBLE PLAZA, CINCINNATI OH 45202
R David Banyard director MYERS INDUSTRIES INC., 1293 SOUTH MAIN STREET, AKRON OH 44301
Ramon Murguia director ONE MICHIGAN AVENUE EAST, BATTLE CREEK MI 49017-4058
Kellogg W K Foundation Trust 10 percent owner 50 S. LA SALLE ST., B-10, CHICAGO IL 60603
Kellogg W K Foundation 10 percent owner
G Zachary Gund director 14 NASSAU STREET, PRINETON NJ 08542
Ellanova 10 percent owner 412 N WELLS ST, CHICAGO IL 60654