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General Mills (LTS:0R1X) Debt-to-Revenue : 0.69 (As of Aug. 2024)


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What is General Mills Debt-to-Revenue?

Debt-to-Revenue measures a company's ability to pay off its debt.

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 annualized Revenue for the quarter that ended in Aug. 2024 was $19,392 Mil. General Mills's annualized Debt-to-Revenue for the quarter that ended in Aug. 2024 was 0.69.


General Mills Debt-to-Revenue Historical Data

The historical data trend for General Mills's Debt-to-Revenue 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 Debt-to-Revenue Chart

General Mills Annual Data
Trend May15 May16 May17 May18 May19 May20 May21 May22 May23 May24
Debt-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.79 0.72 0.63 0.60 0.67

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-Revenue Get a 7-Day Free Trial 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 0.63 0.62 0.61 0.71 0.69

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

For the Packaged Foods subindustry, General Mills's Debt-to-Revenue, along with its competitors' market caps and Debt-to-Revenue 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-Revenue Distribution in the Consumer Packaged Goods Industry

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

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



General Mills Debt-to-Revenue Calculation

Debt-to-Revenue measures a company's ability to pay off its debt.

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

Debt-to-Revenue=Total Debt / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(1728.1 + 11587) / 19857.2
=0.67

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

Debt-to-Revenue=Total Debt / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(1889.1 + 11431.3) / 19392.4
=0.69

* 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.

In the calculation of annual Debt-to-Revenue, the Revenue of the last fiscal year is used. In calculating the annualized quarterly data, the Revenue data used here is four times the quarterly (Aug. 2024) Revenue data.


General Mills Debt-to-Revenue Related Terms

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General Mills Business Description

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

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