General Mills Total Current Liabilities

General Mills Total Current Liabilities Calculation

Total Current Liabilities is the total amount of liabilities that the company needs to pay over the next 12 months.

General Mills's Total Current Liabilities for the fiscal year that ended in May. 2021 is calculated as

General Mills's Total Current Liabilities for the quarter that ended in Feb. 2022 is calculated as

* 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.

The increase of Total Current Liabilities of a company is not necessarily a bad thing. This may conserve the company's cash and contribute positively to cash flow.

Total Current Liabilities is linked to Total Current Assets through the Current Ratio and Working Capital. The Current Ratio is equal to dividing total current assets by total current liabilities. It is frequently used as an indicator of a company's liquidity, its ability to meet short-term obligations. Net working capital is calculated as Total Current Assets minus Total Current Liabilities.

Be Aware

Stay away from companies that roll over the debt e.g. Bear Stearns

When investing in financial institutions, Buffett shies from those who are bigger borrowers of short term than long term debt.

His favorite Wells Fargo has 57 cents short term debt for every dollar of long term.

Aggressive banks (like Bank of America) has $2.09 short term for every dollar long term

General Mills Total Current Liabilities Related Terms

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General Mills Business Description

Industry

Consumer Defensive » Consumer Packaged Goods NAICS : 311412 SIC : 5411

Comparable Companies

NAS:KHC NYSE:HRL NYSE:MKC NYSE:K NYSE:CAG NYSE:CPB NYSE:SJM NYSE:DAR NYSE:LW NAS:PPC XSWX:NESN SHSE:603288 XPAR:BN SHSE:600887 SZSE:300999 NSE:NESTLEIND HKSE:02319 DUB:KRZ BSP:JBSS3 LSE:ABF

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

Walker Sean N	officer: Group President	NUMBER ONE GENERAL MILLS BLVD MINNEAPOLIS MN 55426
Church John R	officer: Chief SC & GBS Officer	ONE GENERAL MILLS BLVD MINNEAPOLIS MN 55426
Nudi Jonathon	officer: Group President	GENERAL MILLS, INC. ONE GENERAL MILLS BLVD MINNEAPOLIS MN 55426
Henry Maria	director	C/O THE HILLSHIRE BRANDS COMPANY 3500 LACEY ROAD DOWNERS GROVE IL 60515
Neal Diane L	director	PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: NEAL DIANE L a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Jenkins Jo Ann	director	2211 SOUTH 47TH STREET PHOENIX AZ 85034
Lempres Elizabeth Cahill	director	TWO COMMERCE SQUARE 2001 MARKET STREET, SUITE 3600 PHILADELPHIA PA 19103
Uribe Jorge A.	director	5 WESTBROOK CORPORATE CENTER WESTCHESTER IL 60154
Cordani David	director	CIGNA CORPORATION 900 COTTAGE GROVE ROAD BLOOMFIELD CT 06002
Odland Stephen A	director	ONE GENERAL MILLS BLVD M03-08 MINNEAPOLIS MN 55426
Clark R Kerry	director	C/O THE PROCTER & GAMBLE COMPANY ONE PROCTER & GAMBLE PLAZA CINCINNATI OH 45202
Sastre Maria	director	C/O DARDEN RESTAURANTS, INC. 1000 DARDEN CENTER DRIVE ORLANDO FL 32837
Sprunk Eric D	director	ONE BOWERMAN DRIVE BEAVERTON OR 97005
Ferguson Roger W. Jr.	director	INTERNATIONAL FLAVORS & FRAGRANCES INC. 521 WEST 57TH STREET NEW YORK NY 10019
Ogrady Shawn P	officer: Group President	ONE GENERAL MILLS BLVD MINNEAPOLIS MN 55426