Analysis of Debt
Total Debt (Carrying Amount)
Kellanova, balance sheet: debt
US$ in millions
Based on: 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-28).
| Debt item | Description | The company |
|---|---|---|
| Total notes payable and long-term debt (carrying amount) | Sum of the carrying values as of the balance sheet date of all debt plus capital lease obligations. | Kellanova total debt decreased from 2021 to 2022 and from 2022 to 2023. |
Total Debt (Fair Value)
| Dec 30, 2023 | |
|---|---|
| Selected Financial Data (US$ in millions) | |
| Notes payable | 121) |
| Current maturities of long-term debt | 663) |
| Long-term debt, excluding current maturities | 5,000) |
| Total notes payable and long-term debt (fair value) | 5,784) |
| Financial Ratio | |
| Debt, fair value to carrying amount ratio | 0.98 |
Based on: 10-K (reporting date: 2023-12-30).
Weighted-average Interest Rate on Debt
Weighted-average effective interest rate on Notes: 3.06%
| Interest rate | Debt amount1 | Interest rate × Debt amount | Weighted-average interest rate2 |
|---|---|---|---|
| 3.06% | 5,752) | 176) | |
| Total | 5,752) | 176) | |
| 3.06% | |||
Based on: 10-K (reporting date: 2023-12-30).
1 US$ in millions
2 Weighted-average interest rate = 100 × 176 ÷ 5,752 = 3.06%