General Mills Balance Sheet Health
Financial Health criteria checks 3/6
General Mills has a total shareholder equity of $9.5B and total debt of $13.3B, which brings its debt-to-equity ratio to 139.8%. Its total assets and total liabilities are $31.8B and $22.2B respectively. General Mills's EBIT is $3.7B making its interest coverage ratio 7.5. It has cash and short-term investments of $468.1M.
Key information
139.8%
Debt to equity ratio
US$13.32b
Debt
| Interest coverage ratio | 7.5x |
| Cash | US$468.10m |
| Equity | US$9.53b |
| Total liabilities | US$22.24b |
| Total assets | US$31.77b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GIS's short term assets ($4.8B) do not cover its short term liabilities ($7.3B).
Long Term Liabilities: GIS's short term assets ($4.8B) do not cover its long term liabilities ($15.0B).
Debt to Equity History and Analysis
Debt Level: GIS's net debt to equity ratio (134.9%) is considered high.
Reducing Debt: GIS's debt to equity ratio has reduced from 173.6% to 139.8% over the past 5 years.
Debt Coverage: GIS's debt is well covered by operating cash flow (26.6%).
Interest Coverage: GIS's interest payments on its debt are well covered by EBIT (7.5x coverage).