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WK Kellogg Co (WK Kellogg Co) Debt-to-Equity : 1.59 (As of Mar. 2024)


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What is WK Kellogg Co Debt-to-Equity?

WK Kellogg Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $20 Mil. WK Kellogg Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $484 Mil. WK Kellogg Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $317 Mil. WK Kellogg Co's debt to equity for the quarter that ended in Mar. 2024 was 1.59.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

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

KLG' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01   Med: 1.29   Max: 3.39
Current: 1.59

During the past 4 years, the highest Debt-to-Equity Ratio of WK Kellogg Co was 3.39. The lowest was 0.01. And the median was 1.29.

KLG's Debt-to-Equity is ranked worse than
89.29% of 1644 companies
in the Consumer Packaged Goods industry
Industry Median: 0.41 vs KLG: 1.59

WK Kellogg Co Debt-to-Equity Historical Data

The historical data trend for WK Kellogg Co's Debt-to-Equity 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.

* Premium members only.

WK Kellogg Co Debt-to-Equity Chart

WK Kellogg Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
- 0.01 0.01 1.66

WK Kellogg Co Quarterly Data
Dec20 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.01 1.29 3.39 1.66 1.59

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

For the Packaged Foods subindustry, WK Kellogg Co's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

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

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


WK Kellogg Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

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

Debt to Equity=Total Debt / Total Stockholders Equity
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Stockholders Equity
=(12 + 487) / 300
=1.66

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

Debt to Equity=Total Debt / Total Stockholders Equity
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Stockholders Equity
=(20 + 484) / 317
=1.59

* 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) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

WK Kellogg Co Debt-to-Equity 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 » Debt-to-Equity
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