Kellanova Co (Kellanova Co) Debt-to-Equity

: 2.06 (As of Dec. 2023)

View and export this data going back to 1959. Start your Free Trial

Kellanova Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $905 Mil. Kellanova Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $5,621 Mil. Kellanova Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $3,175 Mil. Kellanova Co's debt to equity for the quarter that ended in Dec. 2023 was 2.06.

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 Kellanova Co's Debt-to-Equity or its related term are showing as below:

K' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.82 Med: 2.86 Max: 4.07
Current: 2.06

During the past 13 years, the highest Debt-to-Equity Ratio of Kellanova Co was 4.07. The lowest was 1.82. And the median was 2.86.

K's Debt-to-Equity is ranked worse than
93.46% of 1635 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs K: 2.06

Kellanova Co Debt-to-Equity Historical Data

The historical data trend for Kellanova 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.

Kellanova Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

3.08

2.61

2.08

1.82

2.06

Kellanova Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																1.82	1.82	1.85	1.90	2.06

Competitive Comparison

For the Packaged Foods subindustry, Kellanova 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.

Kellanova Co Debt-to-Equity Distribution

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

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

Kellanova Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kellanova 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
	=	(905	+	5621)	/	3175
	=	2.06

Kellanova Co's Debt to Equity Ratio for the quarter 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
	=	(905	+	5621)	/	3175
	=	2.06

Kellanova Co (NYSE:K) 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.

Kellanova Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Kellanova Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Kellanova Co (Kellanova Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Kellanova Co (NYSE:K) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

K:Mexico 1K:Italy KEL:Germany KEL:Germany KEL:Germany KEL:Germany K1EL34:Brazil KELL:Austria

Address

412 N. Wells Street, Chicago, IL, USA, 60654

Website

https://www.kellanova.com

Following its split from the North American cereal business, Kellanova (previously the global snacking arm of Kellogg) is a leading global manufacturer and marketer of salty snacks, snack bars, frozen breakfast fare, meat alternatives, and other packaged foods. Its offerings are manufactured in around 20 countries and marketed in more than 180 countries. Its product mix includes well-known brands such as Pringles, Cheez-It, Rice Krispies Treats, Pop-Tarts, Eggo, Nutri-Grain, and Morningstar Farms. Sales beyond its home turf account for about half of Kellanova's consolidated sales base.

Executives

Kellogg W K Foundation Trust	10 percent owner	50 S. LA SALLE ST., B-10, CHICAGO IL 60603
John Min	officer: Chief Legal Officer	ONE KELLOGG SQUARE, BATTLE CREEK MI 49017
Christopher M Hood	officer: Senior Vice President	ONE KELLOGG SQUARE, PO BOX 3599, BATTLE CREEK MI 49016-3599
Kris Bahner	officer: SVP-Chief Global Corp Affairs	ONE KELLOGG SQUARE, BATTLE CREEK MI 49017
Nicolas Amaya	officer: Senior Vice President	ONE KELLOGG SQUARE, BATTLE CREEK MI 49017
Charisse Ford Hughes	officer: Senior Vice President	C/O CROCS, INC., 13601 VIA VARRA, BROOMFIELD CO 80020
Gary H Pilnick	officer: Senior Vice President
Kurt D Forche	officer: VP-Corporate Controller	ONE KELLOGG SQUARE, PO BOX 3599, BATTLE CREEK MI 49016-3599
Amit Banati	officer: Senior Vice President	ONE KELLOGG SQUARE, PO BOX 3599, BATTLE CREEK MI 49016-3599
Rodrigo Lance	officer: Senior Vice President	ONE KELLOGG SQUARE, BATTLE CREEK MI 49017
Alistair D Hirst	officer: SVP - Global Supply Chain	ONE KELLOGG SQUARE, PO BOX 3599, BATTLE CREEK MI 49016-3599
J Michael Schlotman	director	1014 VINE ST, CINCINNATI OH 45202
Steven A Cahillane	director, officer: CEO & President	ONE COCA-COLA PLAZA, ATLANTA GA 30313
Shumit Kapoor	officer: Senior Vice President	ONE KELLOGG SQUARE, BATTLE CREEK MI 49017
Maria Fernanda Mejia	officer: Senior Vice President	ONE KELLOGG SQUARE, PO BOX 3599, BATTLE CREEK MI 49016-3599