KLG (WK Kellogg Co) Interest Expense : $-26 Mil (TTM As of Jun. 2024)

View and export this data going back to 2023. Start your Free Trial

What is WK Kellogg Co Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. WK Kellogg Co's interest expense for the three months ended in Jun. 2024 was $ -8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Jun. 2024 was $-26 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. WK Kellogg Co's Operating Income for the three months ended in Jun. 2024 was $ 47 Mil. WK Kellogg Co's Interest Expense for the three months ended in Jun. 2024 was $ -8 Mil. WK Kellogg Co's Interest Coverage for the quarter that ended in Jun. 2024 was 5.88. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

WK Kellogg Co Interest Expense Historical Data

The historical data trend for WK Kellogg Co's Interest Expense 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 Interest Expense Chart

WK Kellogg Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Interest Expense

-10.00

WK Kellogg Co Quarterly Data
	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Interest Expense	Get a 7-Day Free Trial							-	-	-10.00	-8.00	-8.00

WK Kellogg Co Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Jun. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-26 Mil.

WK Kellogg Co (NYSE:KLG) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

WK Kellogg Co's Interest Expense for the three months ended in Jun. 2024 was $-8 Mil. Its Operating Income for the three months ended in Jun. 2024 was $47 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Jun. 2024 was $478 Mil.

WK Kellogg Co's Interest Coverage for the quarter that ended in Jun. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Jun. 2024 )	/	Interest Expense (Q: Jun. 2024 )
	=	-1	*	47	/	-8
	=	5.88

The higher the ratio, the stronger the company's financial strength is.

WK Kellogg Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » WK Kellogg Co (NYSE:KLG) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

KU9:Germany

Address

One Kellogg Square, Battle Creek, MI, USA, 49016-3599

Website

https://www.wkkellogg.com

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 brands are now housed. WK Kellogg, which began trading independently in October 2023, generates the bulk of its sales (about 88% of its fiscal 2023 base) from the US.

Executives

Ramon Murguia	director	ONE MICHIGAN AVENUE EAST, BATTLE CREEK MI 49017-4058
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
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