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General Mills Cash And Cash Equivalents

: USD 450 Mil (As of May. 2019)
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General Mills's quarterly cash and cash equivalents increased from Nov. 2018 (USD 532.70 Mil) to Feb. 2019 (USD 547.10 Mil) but then stayed the same from Feb. 2019 (USD 547.10 Mil) to May. 2019 (USD 450.00 Mil).

General Mills's annual cash and cash equivalents declined from May. 2017 (USD 766.10 Mil) to May. 2018 (USD 399.00 Mil) but then increased from May. 2018 (USD 399.00 Mil) to May. 2019 (USD 450.00 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

May10 May11 May12 May13 May14 May15 May16 May17 May18 May19
Cash And Cash Equivalents Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 334.20 763.70 766.10 399.00 450.00

General Mills Quarterly Data

Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19
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 399.00 432.90 532.70 547.10 450.00

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 Explanation


General Mills Cash And Cash Equivalents Headlines

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