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General Mills LT-Debt-to-Total-Asset

: 0.38 (As of Aug. 2019)
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LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. General Mills's long-term debt to total assests ratio for the quarter that ended in Aug. 2019 was 0.38.

General Mills's long-term debt to total assets ratio declined from Aug. 2018 (0.42) to Aug. 2019 (0.38). It may suggest that General Mills is progressively becoming less dependent on debt to grow their business.


General Mills LT-Debt-to-Total-Asset 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
LT-Debt-to-Total-Asset Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.35 0.33 0.35 0.41 0.39

General Mills Quarterly Data
Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19
LT-Debt-to-Total-Asset 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 0.42 0.40 0.38 0.39 0.38

General Mills LT-Debt-to-Total-Asset Calculation

General Mills's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in May. 2019 is calculated as

LT Debt to Total Assets (A: May. 2019 )=Long-Term Debt & Capital Lease Obligation (A: May. 2019 )/Total Assets (A: May. 2019 )
=11624.8/30111.2
=0.39

General Mills's Long-Term Debt to Total Asset Ratio for the quarter that ended in Aug. 2019 is calculated as

LT Debt to Total Assets (Q: Aug. 2019 )=Long-Term Debt & Capital Lease Obligation (Q: Aug. 2019 )/Total Assets (Q: Aug. 2019 )
=11619.8/30313.2
=0.38

* 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) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.


General Mills LT-Debt-to-Total-Asset Related Terms

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