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