General Mills Interest Expense

: $-380 Mil (TTM As of May. 2022)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. General Mills's interest expense for the three months ended in May. 2022 was $ -105 Mil. Its interest expense for the trailing twelve months (TTM) ended in May. 2022 was $-380 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. General Mills's Operating Income for the three months ended in May. 2022 was $ 961 Mil. General Mills's Interest Expense for the three months ended in May. 2022 was $ -105 Mil. General Mills's Interest Coverage for the quarter that ended in May. 2022 was 9.19. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

General Mills Interest Expense Historical Data

The historical data trend for General Mills's Interest Expense 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.

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General Mills Annual Data

Trend

May13

May14

May15

May16

May17

May18

May19

May20

May21

May22

Interest Expense

-385.40

-527.40

-472.50

-427.70

-383.40

General Mills Quarterly Data
	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22
Interest Expense																-102.60	-95.90	-92.70	-86.50	-104.50

General Mills Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in May. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-380 Mil.

General Mills (NYSE:GIS) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

General Mills's Interest Expense for the three months ended in May. 2022 was $-105 Mil. Its Operating Income for the three months ended in May. 2022 was $961 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in May. 2022 was $9,383 Mil.

General Mills's Interest Coverage for the quarter that ended in May. 2022 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: May. 2022 )	/	Interest Expense (Q: May. 2022 )
	=	-1	*	960.5	/	-104.5
	=	9.19

The higher the ratio, the stronger the company's financial strength is.

General Mills Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » General Mills Inc (NYSE:GIS) » Definitions » Interest Expense

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Traded in Other Exchanges

GIS:Mexico 0R1X:UK GRM:Germany GRM:Germany GRM:Germany GIS:Switzerland G1MI34:Brazil GIS:Austria

Address

Number One General Mills Boulevard, Minneapolis, MN, USA, 55426

Website

https://www.generalmills.com

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.

Executives

Thissen Karen Wilson	officer: General Counsel & Secretary	1098 AMERIPRISE FINANCIAL CENTER MINNEAPOLIS MN 55474
Gallagher Paul Joseph	officer: Chief Supply Chain Officer	1 GENERAL MILLS BLVD MINNEAPOLIS MN 55426
Montemayor Jaime	officer: Chief Technology Officer	NUMBER ONE GENERAL MILLS BLVD MINNEAPOLIS MN 55426
Pallot Mark A	officer: Chief Accounting Officer	NUMBER ONE GENERAL MILLS BLVD MINNEAPOLIS MN 55426
Jenkins Jo Ann	director	2211 SOUTH 47TH STREET PHOENIX AZ 85034
Mcnabb Dana M	officer: Group President	NUMBER ONE GENERAL MILLS BLVD MINNEAPOLIS MN 55426
Lempres Elizabeth Cahill	director	TWO COMMERCE SQUARE 2001 MARKET STREET, SUITE 3600 PHILADELPHIA PA 19103
Walker Sean N	officer: Group President	NUMBER ONE GENERAL MILLS BLVD MINNEAPOLIS MN 55426
Neal Diane L	director
Benson Jodi J	officer: Chief Innovation Officer	GENERAL MILLS, INC. ONE GENERAL MILLS BLVD MINNEAPOLIS MN 55426
Sastre Maria	director	C/O DARDEN RESTAURANTS, INC. 1000 DARDEN CENTER DRIVE ORLANDO FL 32837
Bishop William W Jr	officer: Group President	C/O BLUE BUFFALO PET PRODUCTS, INC. 11 RIVER ROAD WILTON CT 06897
Bruce Kofi A	officer: Vice President	GENERAL MILLS, INC. ONE GENERAL MILLS BLVD. MINNEAPOLIS MN 55426
Pollard Ivan	officer: Senior Vice President	GENERAL MILLS, INC. ONE GENERAL MILLS BLVD. MINNEAPOLIS MN 55426
Law Christina	officer: Group President	GENERAL MILLS, INC. ONE GENERAL MILLS BLVD. MINNEAPOLIS MN 55426

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General Mills Interest Expense

General Mills Interest Expense Historical Data

General Mills Interest Expense Calculation

General Mills Business Description

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