Kellanova (LTS:0R1R) LT-Debt-to-Total-Asset : 0.35 (As of Dec. 2024)

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What is Kellanova LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Kellanova's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.35.

Kellanova's long-term debt to total assets ratio declined from Dec. 2023 (0.36) to Dec. 2024 (0.35). It may suggest that Kellanova is progressively becoming less dependent on debt to grow their business.

Kellanova LT-Debt-to-Total-Asset Historical Data

The historical data trend for Kellanova's LT-Debt-to-Total-Asset 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.

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Kellanova LT-Debt-to-Total-Asset Chart

Kellanova Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.40

0.37

0.31

0.36

0.35

Kellanova Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.36	0.32	0.36	0.35	0.35

Kellanova LT-Debt-to-Total-Asset Calculation

Kellanova's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	5463	/	15628
	=	0.35

Kellanova's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	5463	/	15628
	=	0.35

Kellanova (LTS:0R1R) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Kellanova LT-Debt-to-Total-Asset Related Terms

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Kellanova Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Kellanova (LTS:0R1R) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

K:USA 1K:Italy KEL:Germany KEL:Germany KEL:Germany KEL:Germany K1EL34:Brazil

Address

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

Website

https://www.kellanova.com

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.

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