Kellogg Company (K)
| Previous Close | 57.70 |
| Open | 57.96 |
| Bid | 59.23 x 800 |
| Ask | 59.55 x 1200 |
| Day's Range | 57.69 - 59.31 |
| 52 Week Range | 52.66 - 72.88 |
| Volume | 4,510,343 |
| Avg. Volume | 3,246,509 |
| Market Cap | 20.376B |
| Beta (5Y Monthly) | 0.64 |
| PE Ratio (TTM) | 16.32 |
| EPS (TTM) | 3.63 |
| Earnings Date | May 06, 2021 |
| Forward Dividend & Yield | 2.32 (3.92%) |
| Ex-Dividend Date | Mar 01, 2021 |
| 1y Target Est | 65.44 |
- Benzinga
A Look Into Kellogg's Debt
Over the past three months, shares of Kellogg (NYSE:K) decreased by 8.23%. Before we understand the importance of debt, let us look at how much debt Kellogg has. Kellogg's Debt Based on Kellogg's balance sheet as of February 22, 2021, long-term debt is at $6.75 billion and current debt is at $729.00 million, amounting to $7.47 billion in total debt. Adjusted for $435.00 million in cash-equivalents, the company's net debt is at $7.04 billion. Let's define some of the terms we used in the paragraph above. Current debt is the portion of a company's debt which is due within 1 year, while long-term debt is the portion due in more than 1 year. Cash equivalents include cash and any liquid securities with maturity periods of 90 days or less. Total debt equals current debt plus long-term debt minus cash equivalents. Investors look at the debt-ratio to understand how much financial leverage a company has. Kellogg has $18.00 billion in total assets, therefore making the debt-ratio 0.42. Generally speaking, a debt-ratio more than one means that a large portion of debt is funded by assets. As the debt-ratio increases, so the does the risk of defaulting on loans, if interest rates were to increase. Different industries have different thresholds of tolerance for debt-ratios. A debt ratio of 35% might be higher for one industry and normal for another. Why Investors Look At Debt? Debt is an important factor in the capital structure of a company, and can help it attain growth. Debt usually has a relatively lower financing cost than equity, which makes it an attractive option for executives. However, due to interest-payment obligations, cash-flow of a company can be impacted. Equity owners can keep excess profit, generated from the debt capital, when companies use the debt capital for its business operations. Looking for stocks with low debt-to-equity ratios? Check out Benzinga Pro, a market research platform which provides investors with near-instantaneous access to dozens of stock metrics - including debt-to-equity ratio. Click here to learn more. See more from BenzingaClick here for options trades from BenzingaABM Debt OverviewA Look Into AbbVie's Debt© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- PR Newswire
Attention Halo-Verse: Pringles® Launches New Limited-Edition Wavy 'Moa Burger'
Pringles® has plucked a new flavor from the far reaches of the gaming world, answering a question pondered by many Halo fans: what would a "Moa Burger" taste like?
- PR Newswire
Kellogg's® Cinnabon® Bakery Inspired Cereal Returns -- In A Whole New Snacking Form
Cereal and snack lovers' minds can stop racing to figure out what blast-from-their-past cereal will be the new Kellogg's® Jumbo Snax sensation, because the news (and National Snack Day — today!) we've all been waiting for has finally arrived. Introducing Kellogg's Cinnabon® Bakery Inspired Jumbo Snax — the newest fan-favorite cereal to be transformed and "jumbo-fied" for snacktime.
