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General Mills Debt-to-EBITDA

: 3.47 As of Feb. 2021
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Debt-to-EBITDA 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 Feb. 2021 was $4,084 Mil. General Mills's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2021 was $9,767 Mil. General Mills's annualized EBITDA for the quarter that ended in Feb. 2021 was $3,988 Mil. General Mills's annualized Debt-to-EBITDA for the quarter that ended in Feb. 2021 was 3.47.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

NYSE:GIS' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.12   Med: 2.76   Max: 5.04
Current: 3.35

2.12
5.04

During the past 13 years, the highest Debt-to-EBITDA Ratio of General Mills was 5.04. The lowest was 2.12. And the median was 2.76.

NYSE:GIS's Debt-to-EBITDA is ranked lower than
62% of the 1340 Companies
in the Consumer Packaged Goods industry.

( Industry Median: 2.40 vs. NYSE:GIS: 3.35 )

General Mills Debt-to-EBITDA Historical Data

* 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 Annual Data
Trend May11 May12 May13 May14 May15 May16 May17 May18 May19 May20
Debt-to-EBITDA
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.54 2.98 5.04 4.49 3.80

General Mills Quarterly Data
May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21
Debt-to-EBITDA 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 4.23 3.24 3.40 3.28 3.47

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 Debt-to-EBITDA Distribution

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



General Mills Debt-to-EBITDA Calculation

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

General Mills's Debt-to-EBITDA for the fiscal year that ended in May. 2020 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(2712.5 + 11206) / 3667.4
=3.80

General Mills's annualized Debt-to-EBITDA for the quarter that ended in Feb. 2021 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(4084.4 + 9766.6) / 3988
=3.47

* 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-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Feb. 2021) EBITDA data.


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

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.


General Mills Debt-to-EBITDA Related Terms


General Mills Debt-to-EBITDA Headlines

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