Switch to:

General Mills Effective Interest Rate on Debt %

: 3.53% (As of May. 2019)
View and export this data going back to 1928. Start your Free Trial

Effective interest rate on debt is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. General Mills's annualized positive value of Interest Expense for the quarter that ended in May. 2019 was $522 Mil. General Mills's average total debt for the quarter that ended in May. 2019 was $14,756 Mil. Therefore, General Mills's annualized effective interest rate on debt for the quarter that ended in May. 2019 was 3.53%.


General Mills Effective Interest Rate on Debt % Historical Data

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

* Premium members only.

General Mills Annual Data
May10 May11 May12 May13 May14 May15 May16 May17 May18 May19
Effective Interest Rate on Debt % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.66 3.54 3.37 3.05 3.48

General Mills Quarterly Data
Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19
Effective Interest Rate on Debt % 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 4.68 3.40 3.44 3.46 3.53

Competitive Comparison
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap.


General Mills Effective Interest Rate on Debt % Distribution

* The bar in red indicates where General Mills's Effective Interest Rate on Debt % falls into.



General Mills Effective Interest Rate on Debt % Calculation

General Mills's annualized Effective Interest Rate on Debt for the fiscal year that ended in May. 2019 is calculated as

Effective Interest Rate on Debt
=-1  *  Interest Expense/( (Total Debt  (A: May. 2018 )+Total Debt  (A: May. 2019 ))/ 2 )
=-1  *  -527.4/( (15818.6+14490)/ 2 )
=-1  *  -527.4/15154.3
=3.48 %

where

Total Debt  (A: May. 2018 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=12668.7 + 3149.9
=15818.6

Total Debt  (A: May. 2019 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=11624.8 + 2865.2
=14490

General Mills's annualized Effective Interest Rate on Debt for the quarter that ended in May. 2019 is calculated as

Effective Interest Rate on Debt
=-1  *  Interest Expense/( (Total Debt  (Q: Feb. 2019 )+Total Debt  (Q: May. 2019 ))/ 2 )
=-1  *  -521.6/( (15021.1+14490)/ 2 )
=-1  *  -521.6/14755.55
=3.53 %

where

Total Debt  (Q: Feb. 2019 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=11642.6 + 3378.5
=15021.1

Total Debt  (Q: May. 2019 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=11624.8 + 2865.2
=14490

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

In the calculation of annual effective interest rate on debt, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (May. 2019) interest expense data. Effective Interest Rate on Debt is displayed in the 30-year financial page.


General Mills  (NYSE:GIS) Effective Interest Rate on Debt % Explanation

Effective interest rate on debt measures the usage rate that a borrower actually pays on a debt.


General Mills Effective Interest Rate on Debt % Related Terms


General Mills Effective Interest Rate on Debt % Headlines

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat

{{numOfNotice}}