GIS (General Mills) Debt-to-Asset : 0.42 (As of Aug. 2024)

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What is General Mills Debt-to-Asset?

General Mills's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2024 was $1,889 Mil. General Mills's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2024 was $11,431 Mil. General Mills's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Aug. 2024 was $31,769 Mil. General Mills's debt to asset for the quarter that ended in Aug. 2024 was 0.42.

General Mills Debt-to-Asset Historical Data

The historical data trend for General Mills's Debt-to-Asset 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.

* Premium members only.

General Mills Debt-to-Asset Chart

General Mills Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

May24

Debt-to-Asset

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0.45

0.41

0.39

0.38

0.42

General Mills Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Debt-to-Asset	Get a 7-Day Free Trial															0.39	0.41	0.41	0.42	0.42

Competitive Comparison of General Mills's Debt-to-Asset

For the Packaged Foods subindustry, General Mills's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* 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. Note that "N/A" values will not show up in the chart.

General Mills's Debt-to-Asset Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, General Mills's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where General Mills's Debt-to-Asset falls into.

General Mills Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

General Mills's Debt-to-Asset for the fiscal year that ended in May. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(1728.1	+	11587)	/	31469.9
	=	0.42

General Mills's Debt-to-Asset for the quarter that ended in Aug. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(1889.1	+	11431.3)	/	31769.2
	=	0.42

General Mills (NYSE:GIS) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

General Mills Debt-to-Asset Related Terms

Thank you for viewing the detailed overview of General Mills's Debt-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

General Mills Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » General Mills Inc (NYSE:GIS) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

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

Address

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

Website

https://www.generalmills.com

General Mills is a global packaged food company that produces snacks, cereal, convenient meals, dough, baking mixes and ingredients, pet food, and superpremium ice cream. Its largest brands are Nature Valley, Cheerios, Old El Paso, Pillsbury, Betty Crocker, Blue Buffalo, and Haagen-Dazs. In fiscal 2024, 81% of its revenue was derived from the United States, although the company also operates in Canada, Europe, Australia, Asia, and Latin America. Although most of General Mills' products are sold through retail stores to consumers, the company also sells products to the foodservice channel and the commercial baking industry.

Executives

Maria Sastre	director	C/O DARDEN RESTAURANTS, INC., 1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Jeffrey L Harmening	officer: Executive Vice President	ONE GENERAL MILLS BLVD, MINNEAPOLIS MN 55426
Mark A Pallot	officer: Chief Accounting Officer	NUMBER ONE GENERAL MILLS BLVD, MINNEAPOLIS MN 55426
Jonathon Nudi	officer: Senior Vice President	GENERAL MILLS, INC., ONE GENERAL MILLS BLVD, MINNEAPOLIS MN 55426
Werner Lanette Shaffer	officer: Chief Innovation Officer	ONE GENERAL MILLS BLVD., MINNEAPOLIS MN 55426
David Cordani	director	THE CIGNA GROUP, 900 COTTAGE GROVE ROAD, BLOOMFIELD CT 06002
Jodi J Benson	officer: Chief Innovation Officer	GENERAL MILLS, INC., ONE GENERAL MILLS BLVD, MINNEAPOLIS MN 55426
Jacqueline Williams-roll	officer: Senior Vice President	GENERAL MILLS, INC., ONE GENERAL MILLS BLVD, MINNEAPOLIS MN 55426
Bethany C. Quam	officer: Group President	GENERAL MILLS, INC., ONE GENERAL MILLS BLVD., MINNEAPOLIS MN 55426
Sean N Walker	officer: Group President	NUMBER ONE GENERAL MILLS BLVD, MINNEAPOLIS MN 55426
Shawn P Ogrady	officer: SVP, Pres, Consumer Food Sales	ONE GENERAL MILLS BLVD, MINNEAPOLIS MN 55426
Dana M Mcnabb	officer: Group President	NUMBER ONE GENERAL MILLS BLVD, MINNEAPOLIS MN 55426
C Kim Goodwin	director	C/O AKAMAI TECHNOLOGIES, INC., 8 CAMBRIDGE CENTER, CAMBRIDGE MA 02142
Karen Wilson Thissen	officer: General Counsel & Secretary	1098 AMERIPRISE FINANCIAL CENTER, MINNEAPOLIS MN 55474
John R Church	officer: SVP, Supply Chain	ONE GENERAL MILLS BLVD, MINNEAPOLIS MN 55426