The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Kellogg Co's current ratio for the quarter that ended in Jun. 2023 was 0.66.
Kellogg Co has a current ratio of 0.66. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Kellogg Co has good long-term prospects, it may be able to borrow against those prospects to meet current obligations.
The historical rank and industry rank for Kellogg Co's Current Ratio or its related term are showing as below:
K'
s Current Ratio Range Over the Past 10 Years
Min: 0.56 Med: 0.7 Max: 0.9
Current: 0.66
During the past 13 years, Kellogg Co's highest Current Ratio was 0.90. The lowest was 0.56. And the median was 0.70.
K's Current Ratio is ranked worse than 90.73% of 1887
companies
in the Consumer Packaged Goods industry
Industry Median: 1.65
vs K: 0.66
Kellogg Co Current Ratio Historical Data
The historical data trend for Kellogg Co's Current Ratio 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.
Kellogg Co Annual Data
Trend
Dec13
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Current Ratio
0.70
0.72
0.66
0.64
0.66
Kellogg Co Quarterly Data
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Current Ratio
0.70
0.74
0.66
0.72
0.66
Competitive Comparison
For the Packaged Foods subindustry, Kellogg Co's Current Ratio, along with its competitors' market caps and Current Ratio 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.
Kellogg Co Current Ratio Distribution
For the Consumer Packaged Goods industry and Consumer Defensive sector, Kellogg Co's Current Ratio distribution charts can be found below:
* The bar in red indicates where Kellogg Co's Current Ratio falls in comparison to its industry or sector. The grey bar indicates the Current Ratio's extreme value range as defined by GuruFocus.
Kellogg Co Current Ratio Calculation
The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.
Kellogg Co's Current Ratio for the fiscal year that ended in Dec. 2022 is calculated as
* 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.
Kellogg Co (NYSE:K) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Kellogg Co Current Ratio Related Terms
Thank you for viewing the detailed overview of Kellogg Co's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Founded in 1906, Kellogg is a leading global manufacturer and marketer of cereal, cookies, crackers, and other packaged foods. Its offerings are manufactured in 21 countries and marketed in more than 180 countries. Its product mix includes well-known brands such as Special K, Frosted Flakes, Froot Loops, Rice Krispies, Pop-Tarts, Eggo, Kashi, and Morningstar Farms. The firm added the Pringles brand to its mix in 2012. Sales outside its home turf account for just north of 40% of Kellogg's consolidated sales base. The firm intends to split its global snacking arm from its North American cereal segment by the end of calendar 2023.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
0.31(0.52%) Volume: 3,400,731 11:08PM EDT
Email Alerts
Stock PDF
RSS
Website
Filings
Download
Manual of Stocks™ Web APP
K has been successfully added to your 
