General Mills Balance Sheet Health
Financial Health criteria checks 3/6
General Mills has a total shareholder equity of $9.7B and total debt of $12.5B, which brings its debt-to-equity ratio to 129.1%. Its total assets and total liabilities are $30.9B and $21.2B respectively. General Mills's EBIT is $3.7B making its interest coverage ratio 8.1. It has cash and short-term investments of $588.6M.
Key information
129.1%
Debt to equity ratio
US$12.51b
Debt
Interest coverage ratio | 8.1x |
Cash | US$588.60m |
Equity | US$9.69b |
Total liabilities | US$21.17b |
Total assets | US$30.86b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GRM's short term assets ($4.7B) do not cover its short term liabilities ($7.1B).
Long Term Liabilities: GRM's short term assets ($4.7B) do not cover its long term liabilities ($14.1B).
Debt to Equity History and Analysis
Debt Level: GRM's net debt to equity ratio (123.1%) is considered high.
Reducing Debt: GRM's debt to equity ratio has reduced from 192.5% to 129.1% over the past 5 years.
Debt Coverage: GRM's debt is well covered by operating cash flow (25.5%).
Interest Coverage: GRM's interest payments on its debt are well covered by EBIT (8.1x coverage).