General Mills Inc (GIS)

Current 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
Total current assets US$ in thousands 5,275,700 5,256,000 7,381,400 4,813,600 4,580,900 4,580,900 4,654,500 4,654,500 5,045,600 5,045,600 5,107,000 5,107,000 5,176,400 5,176,400 5,116,000 5,116,000 5,330,600 5,330,600 5,134,000 5,134,000
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
Current ratio 0.67 0.67 0.92 0.66 0.65 0.65 0.66 0.66 0.64 0.64 0.72 0.72 0.69 0.69 0.54 0.54 0.58 0.58 0.60 0.60

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 observed period indicates a trend of gradual improvement. At the start of the period, around August 2022, the current ratio was approximately 0.60, which signifies that current assets were significantly less than current liabilities, indicating potential liquidity constraints. Throughout the subsequent quarters, the ratio remained relatively stable with slight fluctuations, maintaining values close to 0.58 to 0.60 until early 2023.

From the second quarter of fiscal 2023, there was a noticeable upward trend. The ratio increased to approximately 0.69 by May 2023, reflecting an improvement in the company's short-term liquidity position. This positive progression continued into the third quarter of 2023, reaching around 0.72, further suggesting enhanced ability to cover its current liabilities with current assets.

The ratio maintained stability through late 2023, remaining near 0.64 to 0.66 before rising sharply to approximately 0.92 in late 2024. Such a significant increase implies a substantial strengthening in the company's liquidity position, with current assets increasingly outweighing current liabilities. The subsequent data for early 2025 indicates a steady ratio of around 0.67, which remains above the initial levels observed in 2022 but slightly below the peak at the end of 2024.

Overall, the pattern demonstrates a trajectory of improving liquidity over the period, moving from ratios indicative of potentially tight liquidity to levels suggesting a more comfortable short-term financial position. This progression may reflect strategic management of current assets and liabilities, optimizing liquidity to support ongoing operational needs and future growth initiatives.


Peer comparison

May 31, 2025


See also:

General Mills Inc Current Ratio (Quarterly Data)