Switch to:

General Mills Current Ratio

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

The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. General Mills's current ratio for the quarter that ended in May. 2019 was 0.59.

General Mills has a current ratio of 0.59. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If General Mills has good long-term prospects, it may be able to borrow against those prospects to meet current obligations.

NYSE:GIS' s Current Ratio Range Over the Past 10 Years
Min: 0.47   Max: 1.17
Current: 0.59

0.47
1.17

During the past 13 years, General Mills's highest Current Ratio was 1.17. The lowest was 0.47. And the median was 0.75.

NYSE:GIS's Current Ratio is ranked lower than
93% of the 1452 Companies
in the Consumer Packaged Goods industry.

( Industry Median: 1.60 vs. NYSE:GIS: 0.59 )

General Mills Current Ratio 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
Current Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.75 0.79 0.76 0.56 0.59

General Mills Quarterly Data
Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19
Current Ratio 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 0.56 0.58 0.58 0.55 0.59

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 Current Ratio Distribution

* The bar in red indicates where General Mills's Current Ratio falls into.



General Mills Current Ratio Calculation

The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.

General Mills's Current Ratio for the fiscal year that ended in May. 2019

Current Ratio (A: May. 2019 )=Total Current Assets (A: May. 2019 )/Total Current Liabilities (A: May. 2019 )
=4186.5/7087.1
=0.59

General Mills's Current Ratio for the quarter that ended in May. 2019 is calculated as

Current Ratio (Q: May. 2019 )=Total Current Assets (Q: May. 2019 )/Total Current Liabilities (Q: May. 2019 )
=4186.5/7087.1
=0.59

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


General Mills  (NYSE:GIS) Current Ratio Explanation

The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.

Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.

The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.

If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.


General Mills Current Ratio Related Terms


General Mills Current Ratio 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}}