Kellanova (K) — Tangible Net Worth Ratio
Kellanova (K) has a Tangible Net Worth Ratio of 57.9% as of September 2025. This metric is calculated by deducting intangible assets ($1.81 Billion) from net assets ($4.29 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. Also explore Kellanova (K) equity growth momentum to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Kellanova Tangible Net Worth Ratio (1985–2024)
This chart shows how Kellanova's Tangible Net Worth Ratio has changed across 40 annual periods from 1985 to 2024. As of September 2025, the ratio stands at 57.9%, reflecting net assets of $4.29 Billion with intangible assets of $1.81 Billion USD. For live market cap and overall valuation, see K market cap.
Annual Tangible Net Worth Ratio for Kellanova (1985–2024)
The table below presents the year-by-year Tangible Net Worth Ratio for Kellanova from 1985 to 2024, covering 40 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. Explore K capex reinvestment rate to see what proportion of operating cash flow is directed to capital expenditures.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 54.7% | $3.88 Billion | $1.76 Billion | $15.63 Billion | ▲ +11.9 pp |
| 2023 | 42.7% | $3.37 Billion | $1.93 Billion | $15.62 Billion | ▼ -6.1 pp |
| 2022 | 48.8% | $4.38 Billion | $2.24 Billion | $18.50 Billion | ▲ +6.0 pp |
| 2021 | 42.8% | $4.21 Billion | $2.41 Billion | $18.18 Billion | ▲ +11.4 pp |
| 2020 | 31.5% | $3.64 Billion | $2.49 Billion | $18.00 Billion | ▲ +9.2 pp |
| 2019 | 22.3% | $3.31 Billion | $2.58 Billion | $17.56 Billion | ▲ +28.7 pp |
| 2018 | -6.4% | $3.16 Billion | $3.36 Billion | $17.78 Billion | ▲ +13.9 pp |
| 2017 | -20.3% | $2.19 Billion | $2.64 Billion | $16.35 Billion | ▲ +2.7 pp |
| 2016 | -23.0% | $1.93 Billion | $2.37 Billion | $15.11 Billion | ▼ -16.9 pp |
| 2015 | -6.1% | $2.14 Billion | $2.27 Billion | $15.25 Billion | ▼ -25.6 pp |
| 2014 | 19.5% | $2.85 Billion | $2.29 Billion | $15.15 Billion | ▼ -14.9 pp |
| 2013 | 34.4% | $3.61 Billion | $2.37 Billion | $15.47 Billion | ▲ +30.1 pp |
| 2012 | 4.3% | $2.46 Billion | $2.36 Billion | $15.17 Billion | ▼ -14.8 pp |
| 2011 | 19.1% | $1.80 Billion | $1.45 Billion | $11.94 Billion | ▼ -13.3 pp |
| 2010 | 32.4% | $2.15 Billion | $1.46 Billion | $11.85 Billion | ▼ -3.5 pp |
| 2009 | 35.9% | $2.27 Billion | $1.46 Billion | $11.20 Billion | ▲ +36.3 pp |
| 2008 | -0.4% | $1.46 Billion | $1.46 Billion | $10.95 Billion | ▼ -43.0 pp |
| 2007 | 42.6% | $2.53 Billion | $1.45 Billion | $11.40 Billion | ▲ +11.2 pp |
| 2006 | 31.4% | $2.07 Billion | $1.42 Billion | $10.71 Billion | ▼ -5.7 pp |
| 2005 | 37.0% | $2.28 Billion | $1.44 Billion | $10.57 Billion | ▲ +153.6 pp |
| 2004 | -116.5% | $2.26 Billion | $4.89 Billion | $10.56 Billion | ▲ +139.1 pp |
| 2003 | -255.7% | $1.44 Billion | $5.13 Billion | $10.14 Billion | ▲ +217.8 pp |
| 2002 | -473.4% | $895.10 Million | $5.13 Billion | $10.22 Billion | ▲ +14.2 pp |
| 2001 | -487.6% | $871.50 Million | $5.12 Billion | $10.37 Billion | ▼ -542.2 pp |
| 2000 | 54.6% | $897.50 Million | $407.40 Million | $4.90 Billion | ▼ -4.1 pp |
| 1999 | 58.7% | $813.20 Million | $335.60 Million | $4.81 Billion | ▲ +1.4 pp |
| 1998 | 57.3% | $889.80 Million | $379.50 Million | $5.05 Billion | ▼ -42.7 pp |
| 1997 | 100.0% | $998.00 Million | $0.00 | $4.88 Billion | ▲ +0.0 pp |
| 1996 | 100.0% | $1.28 Billion | $0.00 | $5.05 Billion | ▲ +0.0 pp |
| 1995 | 100.0% | $1.59 Billion | $0.00 | $4.41 Billion | ▲ +0.2 pp |
| 1994 | 99.8% | $1.81 Billion | $4.10 Million | $4.47 Billion | ▲ +3.2 pp |
| 1993 | 96.6% | $1.71 Billion | $59.10 Million | $4.24 Billion | ▼ -0.7 pp |
| 1992 | 97.3% | $1.95 Billion | $53.30 Million | $4.01 Billion | ▼ -0.4 pp |
| 1991 | 97.7% | $2.16 Billion | $49.80 Million | $3.93 Billion | ▲ +1.0 pp |
| 1990 | 96.7% | $1.90 Billion | $62.90 Million | $3.75 Billion | ▼ -1.2 pp |
| 1989 | 97.9% | $1.63 Billion | $34.90 Million | $3.39 Billion | ▲ +1.5 pp |
| 1988 | 96.4% | $1.48 Billion | $53.40 Million | $3.30 Billion | ▲ +2.8 pp |
| 1987 | 93.6% | $1.21 Billion | $77.40 Million | $2.68 Billion | ▼ -3.3 pp |
| 1986 | 96.9% | $898.40 Million | $28.00 Million | $2.08 Billion | ▲ +1.0 pp |
| 1985 | 95.9% | $683.00 Million | $28.30 Million | $1.73 Billion | — |