General Mills Balance Sheet Health
Financial Health criteria checks 3/6
General Mills has a total shareholder equity of $9.6B and total debt of $12.9B, which brings its debt-to-equity ratio to 134%. Its total assets and total liabilities are $31.5B and $21.8B respectively. General Mills's EBIT is $3.8B making its interest coverage ratio 7.9. It has cash and short-term investments of $418.0M.
Key information
134.0%
Debt to equity ratio
US$12.93b
Debt
Interest coverage ratio | 7.9x |
Cash | US$418.00m |
Equity | US$9.65b |
Total liabilities | US$21.82b |
Total assets | US$31.47b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: G1MI34's short term assets ($4.6B) do not cover its short term liabilities ($7.0B).
Long Term Liabilities: G1MI34's short term assets ($4.6B) do not cover its long term liabilities ($14.8B).
Debt to Equity History and Analysis
Debt Level: G1MI34's net debt to equity ratio (129.7%) is considered high.
Reducing Debt: G1MI34's debt to equity ratio has reduced from 183% to 134% over the past 5 years.
Debt Coverage: G1MI34's debt is well covered by operating cash flow (25.5%).
Interest Coverage: G1MI34's interest payments on its debt are well covered by EBIT (7.9x coverage).