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
We Think General Mills (NYSE:GIS) Can Stay On Top Of Its Debt
Mar 26
Is General Mills (NYSE:GIS) A Risky Investment?
Dec 16General Mills (NYSE:GIS) Seems To Use Debt Quite Sensibly
Aug 31General Mills (NYSE:GIS) Seems To Use Debt Quite Sensibly
Jun 01Here's Why General Mills (NYSE:GIS) Can Manage Its Debt Responsibly
Feb 20General Mills (NYSE:GIS) Seems To Use Debt Quite Sensibly
Nov 16Recent updates
Getting In Cheap On General Mills, Inc. (NYSE:GIS) Is Unlikely
Apr 13We Think General Mills (NYSE:GIS) Can Stay On Top Of Its Debt
Mar 26General Mills Stock: Trends We're Watching Ahead Of Q3 Earnings
Mar 13General Mills (NYSE:GIS) Shareholders Will Want The ROCE Trajectory To Continue
Mar 11General Mills: Losing Market Share To Store Brands
Feb 08General Mills Stock Still Isn't Cheap Enough
Jan 12General Mills: Softening Sales Growth Creates An Attractive Entry Point
Jan 05Pinning Down General Mills, Inc.'s (NYSE:GIS) P/E Is Difficult Right Now
Jan 01Is General Mills (NYSE:GIS) A Risky Investment?
Dec 16General Mills: This Steady Dividend Payer Is An Attractive Buy Right Now
Dec 11General Mills Stock Is In Buy Territory Again (Rating Upgrade)
Dec 05The Returns At General Mills (NYSE:GIS) Aren't Growing
Dec 01Pet And International Area Provide New Aisle For Growth For General Mills
Nov 09Hold On To General Mills To Get A Healthy Dividend Yield For Breakfast
Nov 02Is There An Opportunity With General Mills, Inc.'s (NYSE:GIS) 45% Undervaluation?
Oct 30Down About 30%, Yielding 4% - How Attractive Is General Mills?
Oct 01General Mills (NYSE:GIS) Seems To Use Debt Quite Sensibly
Aug 31General Mills: Things Are Looking Up
Aug 30General Mills' (NYSE:GIS) Returns Have Hit A Wall
Aug 01General Mills: Underlying Volume Challenges
Jul 31Is There An Opportunity With General Mills, Inc.'s (NYSE:GIS) 33% Undervaluation?
Jul 17General Mills: Promising Opportunity With A High Price Tag
Jun 28General Mills: A Decent Year, But Seems Overpriced
Jun 12General Mills (NYSE:GIS) Seems To Use Debt Quite Sensibly
Jun 01General Mills: Flawless Dividend But There's A Problem
May 25Here's Why We Think General Mills (NYSE:GIS) Is Well Worth Watching
May 08The Returns At General Mills (NYSE:GIS) Aren't Growing
Apr 12Is General Mills, Inc. (NYSE:GIS) Trading At A 21% Discount?
Mar 31General Mills: I Am Once Again Bullish And Have 2 Areas Investors Should Watch Closely
Feb 21Here's Why General Mills (NYSE:GIS) Can Manage Its Debt Responsibly
Feb 20With EPS Growth And More, General Mills (NYSE:GIS) Makes An Interesting Case
Feb 06General Mills declares $0.54 dividend
Jan 30General Mills Needs Volume Growth
Jan 22General Mills: Worth Monitoring For Its Strict Implementation Of Its Accelerate Strategy
Jan 16General Mills (NYSE:GIS) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
Dec 28General Mills: Assessing If Another Beat Is On The Cards In Q2
Dec 19General Mills, Inc. (NYSE:GIS) Shares Could Be 23% Below Their Intrinsic Value Estimate
Dec 13General Mills: Delivering High Returns During Market Downturns
Dec 07General Mills (NYSE:GIS) Seems To Use Debt Quite Sensibly
Nov 16If EPS Growth Is Important To You, General Mills (NYSE:GIS) Presents An Opportunity
Nov 01Wall Street Analysts Underestimate General Mills
Oct 27General Mills Might Provide Calmer Waters for Those Seeking Refuge
Sep 28General Mills declares $0.54 dividend
Sep 27Financial Position Analysis
Short Term Liabilities: GIS's short term assets ($4.7B) do not cover its short term liabilities ($7.1B).
Long Term Liabilities: GIS's short term assets ($4.7B) do not cover its long term liabilities ($14.1B).
Debt to Equity History and Analysis
Debt Level: GIS's net debt to equity ratio (123.1%) is considered high.
Reducing Debt: GIS's debt to equity ratio has reduced from 192.5% to 129.1% over the past 5 years.
Debt Coverage: GIS's debt is well covered by operating cash flow (25.5%).
Interest Coverage: GIS's interest payments on its debt are well covered by EBIT (8.1x coverage).