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K (Kellanova) Debt-to-EBITDA : 2.56 (As of Dec. 2024)


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What is Kellanova Debt-to-EBITDA?

Debt-to-EBITDA measures a company's ability to pay off its debt.

Kellanova's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $879 Mil. Kellanova's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $5,463 Mil. Kellanova's annualized EBITDA for the quarter that ended in Dec. 2024 was $2,480 Mil. Kellanova's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2024 was 2.56.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for Kellanova's Debt-to-EBITDA or its related term are showing as below:

K' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.72   Med: 3.89   Max: 5.05
Current: 2.72

During the past 13 years, the highest Debt-to-EBITDA Ratio of Kellanova was 5.05. The lowest was 2.72. And the median was 3.89.

K's Debt-to-EBITDA is ranked worse than
58.7% of 1494 companies
in the Consumer Packaged Goods industry
Industry Median: 2.06 vs K: 2.72

Kellanova Debt-to-EBITDA Historical Data

The historical data trend for Kellanova's Debt-to-EBITDA 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 Debt-to-EBITDA Chart

Kellanova Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.44 3.64 4.53 3.70 2.72

Kellanova Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.18 3.16 2.62 2.85 2.56

Competitive Comparison of Kellanova's Debt-to-EBITDA

For the Packaged Foods subindustry, Kellanova's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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's Debt-to-EBITDA Distribution in the Consumer Packaged Goods Industry

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

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



Kellanova Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Kellanova's Debt-to-EBITDA for the fiscal year that ended in Dec. 2024 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(879 + 5463) / 2332
=2.72

Kellanova's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2024 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(879 + 5463) / 2480
=2.56

* 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.

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Dec. 2024) EBITDA data.


Kellanova  (NYSE:K) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.


Kellanova Debt-to-EBITDA Related Terms

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


Kellanova Business Description

Traded in Other Exchanges
Address
412 N. Wells Street, Chicago, IL, USA, 60654
Following its split from the North American cereal business in October 2023, Kellanova (previously the global snacking arm of Kellogg) has operated as 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. Mars is slated to acquire the newly independent business in a nearly $36 billion deal in the first half of calendar 2025.
Executives
Kellogg W K Foundation Trust 10 percent owner 50 S. LA SALLE ST., B-10, CHICAGO IL 60603
Nicolas Amaya officer: Senior Vice President ONE KELLOGG SQUARE, BATTLE CREEK MI 49017
Kurt D Forche officer: VP-Corporate Controller ONE KELLOGG SQUARE, PO BOX 3599, BATTLE CREEK MI 49016-3599
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
Charisse Ford Hughes officer: Senior Vice President C/O CROCS, INC., 13601 VIA VARRA, BROOMFIELD CO 80020
Gary H Pilnick officer: Senior Vice President
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