General Mills's quarterly cash and cash equivalents
increased
from Aug. 2021 ($710.60 Mil) to Nov. 2021 ($1,021.00 Mil) but then
stayed the same
from Nov. 2021 ($1,021.00 Mil) to Feb. 2022 ($844.40 Mil).
General Mills's annual cash and cash equivalents
increased
from May. 2019 ($450.00 Mil) to May. 2020 ($1,677.80 Mil) but then
declined
from May. 2020 ($1,677.80 Mil) to May. 2021 ($1,505.20 Mil).
General Mills Cash And Cash Equivalents Historical Data
The historical data trend for General Mills's Cash And Cash Equivalents 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.
General Mills Annual Data
Trend
May12
May13
May14
May15
May16
May17
May18
May19
May20
May21
Cash And Cash Equivalents
766.10
399.00
450.00
1,677.80
1,505.20
General Mills Quarterly Data
May17
Aug17
Nov17
Feb18
May18
Aug18
Nov18
Feb19
May19
Aug19
Nov19
Feb20
May20
Aug20
Nov20
Feb21
May21
Aug21
Nov21
Feb22
Cash And Cash Equivalents
2,754.20
1,505.20
710.60
1,021.00
844.40
General Mills Cash And Cash Equivalents Calculation
Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.
General Mills (NYSE:GIS) Cash And Cash Equivalents Explanation
A high number means either:
1) The company has competitive advantage generating lots of cash
2) Just sold a business or bonds (not necessarily good)
A low stockpile of cash usually means poor to mediocre economics.
There are 3 ways to create large cash reserve.
1) Sell new bonds or equity to public
2) Sell business or asset
3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)
When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.
Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.
Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.
Be Aware
Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.
General Mills Cash And Cash Equivalents Related Terms
Thank you for viewing the detailed overview of General Mills's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.
General Mills is a leading global packaged food company that produces snacks, cereal, convenient meals, yogurt, dough, baking mixes and ingredients, pet food, and superpremium ice cream. Its largest brands are Nature Valley, Cheerios, Old El Paso, Yoplait, Pillsbury, Betty Crocker, BLUE, and Haagen-Dazs. In fiscal 2021, 75% of its revenue was derived from the United States, although the company also operates in Canada, Europe, Australia, Asia, and Latin America. While most of General Mills' products are sold through retail stores to consumers, the company also sells products into the food-service channel and the commercial baking industry.
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