General Mills Inc (GIS)
Debt-to-assets ratio
| 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 | May 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 8,140,200 | — | 8,622,500 | — | 8,474,600 | — |
| Total assets | US$ in thousands | 32,706,200 | 33,396,100 | 31,769,200 | 31,469,900 | 31,469,900 | 30,860,500 | 30,860,500 | 31,233,400 | 31,233,400 | 31,319,700 | 31,319,700 | 31,451,700 | 31,451,700 | 31,199,800 | 31,199,800 | 31,319,800 | 31,319,800 | 31,107,200 | 31,107,200 | 31,488,400 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.26 | 0.00 | 0.28 | 0.00 | 0.27 | 0.00 |
February 28, 2025 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $32,706,200K
= 0.00
The debt-to-assets ratio for General Mills Inc has shown consistency and stability over the given periods. The ratio remained at 0.00 for most of the reported dates, indicating that the company has either no debt or a very minimal amount of debt compared to its total assets. There were a few instances where the ratio slightly increased to around 0.26-0.28, but these fluctuations were not significant and still reflect a strong financial position with low debt levels relative to its asset base. Overall, the trend suggests that General Mills Inc has maintained a conservative approach towards leveraging its assets and managing its debt obligations effectively.
Peer comparison
Feb 28, 2025