WK Kellogg Co (STU:KU9) Cash-to-Debt : 0.08 (As of Sep. 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 Sep. 2024 was 0.08.

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 Sep. 2024.

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

STU:KU9' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.08 Med: 0.12 Max: 0.19
Current: 0.08

During the past 4 years, WK Kellogg Co's highest Cash to Debt Ratio was 0.19. The lowest was 0.08. And the median was 0.12.

STU:KU9's Cash-to-Debt is ranked worse than
82.64% of 1878 companies
in the Consumer Packaged Goods industry
Industry Median: 0.51 vs STU:KU9: 0.08

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	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial								0.10	0.18	0.14	0.09	0.08

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)
	=	81.613	/	(11.004	+	446.579)
	=	0.18

WK Kellogg Co's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	42.347	/	(31.535	+	500.055)
	=	0.08

WK Kellogg Co (STU:KU9) 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 Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » WK Kellogg Co (STU:KU9) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

KLG:USA KLG:Mexico 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.

WK Kellogg Co Headlines

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