General Mills Inc (GIS)
Current ratio
| May 31, 2025 | May 31, 2024 | May 26, 2024 | May 31, 2023 | May 28, 2023 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 5,275,700 | 4,580,900 | 4,580,900 | 5,176,400 | 5,176,400 |
| Total current liabilities | US$ in thousands | 7,857,300 | 7,033,100 | 7,033,100 | 7,535,700 | 7,535,700 |
| Current ratio | 0.67 | 0.65 | 0.65 | 0.69 | 0.69 |
May 31, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $5,275,700K ÷ $7,857,300K
= 0.67
The analysis of General Mills Inc.'s current ratio over the provided period indicates a relatively consistent liquidity position, with values ranging from 0.65 to 0.69. Specifically, as of May 28, 2023, and May 31, 2023, the current ratio stood at 0.69, reflecting a stable but slightly below 1 ratio, suggesting that current liabilities slightly exceed current assets at that time. In the subsequent period, the current ratio slightly decreased to 0.65 by May 26, 2024, and remained at this level through May 31, 2024, indicating a marginal reduction in liquidity and potentially a tighter ability to cover short-term obligations with current assets. By May 31, 2025, the current ratio experienced a modest recovery to 0.67, yet it continued to remain below the generally preferred benchmark of 1.0 for many industries. Overall, the trend suggests that General Mills maintains a liquidity position characterized by current liabilities surpassing current assets, which may reflect strategic operational or financing decisions. The ratios’ close proximity across the time points indicates a relatively stable liquidity profile, although the consistently below-1 levels highlight a potential need for careful liquidity management to ensure short-term financial stability.
Peer comparison
May 31, 2025