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General Mills Cash And Cash Equivalents

: $1,678 Mil (As of May. 2020)
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General Mills's quarterly cash and cash equivalents increased from Nov. 2019 ($560.20 Mil) to Feb. 2020 ($606.90 Mil) and increased from Feb. 2020 ($606.90 Mil) to May. 2020 ($1,677.80 Mil).

General Mills's annual cash and cash equivalents increased from May. 2018 ($399.00 Mil) to May. 2019 ($450.00 Mil) and increased from May. 2019 ($450.00 Mil) to May. 2020 ($1,677.80 Mil).

General Mills Cash And Cash Equivalents Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

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General Mills Annual Data
May11 May12 May13 May14 May15 May16 May17 May18 May19 May20
Cash And Cash Equivalents Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 763.70 766.10 399.00 450.00 1,677.80

General Mills Quarterly Data
Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20
Cash And Cash Equivalents Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 450.00 504.80 560.20 606.90 1,677.80

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.

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