General Mills Inc (GIS)

Cash ratio

		May 31, 2025	Feb 28, 2025	Nov 30, 2024	Aug 31, 2024	May 31, 2024	May 26, 2024	Feb 29, 2024	Feb 25, 2024	Nov 30, 2023	Nov 26, 2023	Aug 31, 2023	Aug 27, 2023	May 31, 2023	May 28, 2023	Feb 28, 2023	Feb 26, 2023	Nov 30, 2022	Nov 27, 2022	Aug 31, 2022	Aug 28, 2022
Cash and cash equivalents	US$ in thousands	363,900	521,300	2,292,800	468,100	418,000	418,000	588,600	588,600	593,800	593,800	490,900	490,900	585,500	585,500	618,700	618,700	644,100	644,100	594,400	594,400
Short-term investments	US$ in thousands	—	—	—	—	0	4,600	—	—	—	—	—	—	117,200	122,700	—	—	—	—	—	—
Total current liabilities	US$ in thousands	7,857,300	7,876,200	8,024,300	7,289,400	7,033,100	7,033,100	7,061,900	7,061,900	7,902,200	7,902,200	7,067,800	7,067,800	7,535,700	7,535,700	9,418,300	9,418,300	9,208,200	9,208,200	8,595,500	8,595,500
Cash ratio		0.05	0.07	0.29	0.06	0.06	0.06	0.08	0.08	0.08	0.08	0.07	0.07	0.09	0.09	0.07	0.07	0.07	0.07	0.07	0.07

May 31, 2025 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($363,900K + $—K) ÷ $7,857,300K
= 0.05

The cash ratio of General Mills Inc. over the period from August 2022 to May 2025 demonstrates relatively stable short-term liquidity, with minor fluctuations observed throughout this timeframe. The cash ratio primarily remained at a conservative level near 0.07 from August 2022 through August 2023, indicating that approximately 7 cents of cash and cash equivalents were available for every dollar of current liabilities, reflecting a cautious liquidity stance.

In the latter part of 2023, the cash ratio experienced a slight increase, reaching approximately 0.08 in late November, suggesting a marginal improvement in liquidity position. Throughout early 2024, the ratio fluctuated modestly around the 0.08 mark, maintaining a stable conservative profile.

A notable deviation occurs in November 2024, when the cash ratio sharply increases to 0.29, indicating a significant surge in liquidity, potentially due to a temporary accumulation of cash or reduction in current liabilities. This abnormal rise may signal strategic liquidity management or specific financial events during this period.

Subsequently, the ratio declined again, reaching as low as 0.05–0.06 in May 2025, approaching levels seen earlier in the period. This downward trend could suggest a reduction in cash holdings relative to current liabilities or increased utilization of cash for operational or investing activities.

Overall, the cash ratio exhibits a conservative and relatively stable pattern with short-lived spikes, notably in late 2024. The general trend indicates that the company's cash holdings have historically maintained a limited cushion relative to current liabilities, typical of firms with efficient cash management but with occasional increases in liquidity buffer.