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WK Kellogg Co has the Financial Strength Rank of 5.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.WK Kellogg Co's Interest Coverage for the quarter that ended in Mar. 2024 was 5.75. WK Kellogg Co's debt to revenue ratio for the quarter that ended in Mar. 2024 was 0.18. As of today, WK Kellogg Co's Altman Z-Score is 2.39.
For the Packaged Foods subindustry, WK Kellogg Co's Financial Strength, along with its competitors' market caps and Financial Strength 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.
For the Consumer Packaged Goods industry and Consumer Defensive sector, WK Kellogg Co's Financial Strength distribution charts can be found below:
* The bar in red indicates where WK Kellogg Co's Financial Strength falls into.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
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 Interest Expense for the months ended in Mar. 2024 was $-8 Mil. Its Operating Income for the months ended in Mar. 2024 was $46 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $484 Mil.
WK Kellogg Co's Interest Coverage for the quarter that ended in Mar. 2024 is
Interest Coverage | = | -1 | * | Operating Income (Q: Mar. 2024 ) | / | Interest Expense (Q: Mar. 2024 ) |
= | -1 | * | 46 | / | -8 | |
= | 5.75 |
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
WK Kellogg Co's Debt to Revenue Ratio for the quarter that ended in Mar. 2024 is
Debt to Revenue Ratio | = | Total Debt (Q: Mar. 2024 ) | / | Revenue | ||
= | (Short-Term Debt & Capital Lease Obligation | + | Long-Term Debt & Capital Lease Obligation) | / | Revenue | |
= | (20 | + | 484) | / | 2828 | |
= | 0.18 |
3. Altman Z-Score.
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
WK Kellogg Co has a Z-score of 2.39, indicating it is in Grey Zones. This implies that WK Kellogg Co is in some kind of financial stress. If it is below 1.81, the company may faces bankrupcy risk.
Warning Sign:
Altman Z-score of 2.39 is in the grey area. This implies that the company is under some kind of financial stress. If it is below 1.8, the company may face bankruptcy risk.
* 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) Financial Strength Explanation
The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.
WK Kellogg Co has the Financial Strength Rank of 5.
Thank you for viewing the detailed overview of WK Kellogg Co's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.
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 |
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