Equity to Asset ratio is calculated as total stockholders equity divided by total asset. General Mills's Total Stockholders Equity for the quarter that ended in Aug. 2023 was $10,262 Mil. General Mills's Total Assets for the quarter that ended in Aug. 2023 was $31,320 Mil.
Therefore, General Mills's Equity to Asset Ratio for the quarter that ended in Aug. 2023 was 0.33.
The historical rank and industry rank for General Mills's Equity-to-Asset or its related term are showing as below:
GIS'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.18 Med: 0.25 Max: 0.34
Current: 0.33
During the past 13 years, the highest Equity to Asset Ratio of General Mills was 0.34. The lowest was 0.18. And the median was 0.25.
GIS's Equity-to-Asset is ranked worse than 77.91% of 1901
companies
in the Consumer Packaged Goods industry
Industry Median: 0.53
vs GIS: 0.33
General Mills Equity-to-Asset Historical Data
The historical data trend for General Mills's Equity-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 Annual Data
Trend
May14
May15
May16
May17
May18
May19
May20
May21
May22
May23
Equity-to-Asset
0.23
0.26
0.30
0.34
0.33
General Mills Quarterly Data
Nov18
Feb19
May19
Aug19
Nov19
Feb20
May20
Aug20
Nov20
Feb21
May21
Aug21
Nov21
Feb22
May22
Aug22
Nov22
Feb23
May23
Aug23
Equity-to-Asset
0.34
0.32
0.33
0.33
0.33
Competitive Comparison
For the Packaged Foods subindustry, General Mills's Equity-to-Asset, along with its competitors' market caps and Equity-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 Equity-to-Asset Distribution
For the Consumer Packaged Goods industry and Consumer Defensive sector, General Mills's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where General Mills's Equity-to-Asset falls into.
General Mills Equity-to-Asset Calculation
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
General Mills's Equity to Asset Ratio for the fiscal year that ended in May. 2023 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.
General Mills (NYSE:GIS) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
General Mills Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of General Mills's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
General Mills is a global packaged food company that produces snacks, cereal, convenient meals, yogurt, dough, baking mixes and ingredients, pet food, and super-premium ice cream. Its largest brands are Nature Valley, Cheerios, Old El Paso, Yoplait, Pillsbury, Betty Crocker, Blue Buffalo, and Haagen-Dazs. In fiscal 2023, 81% 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 foodservice channel and the commercial baking industry.
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