General Mills Inc (GIS)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 8,140,200 | — | 8,622,500 | — | 8,474,600 |
| Total assets | US$ in thousands | 33,071,100 | 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 |
| 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 | 0.00 | 0.26 | 0.00 | 0.28 | 0.00 | 0.27 |
May 31, 2025 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $33,071,100K
= 0.00
The debt-to-assets ratio for General Mills Inc has exhibited notable fluctuations within the specified period. During the period ending August 28, 2022, the ratio was measured at 0.27, indicating that approximately 27% of the company's total assets were financed through debt. However, immediately following this date, the ratio dropped to zero on August 31, 2022, suggesting either the absence of reported debt or potential changes in debt structure during that reporting period.
Subsequently, the ratio increased slightly to 0.28 by November 27, 2022, before again falling to zero by November 30, 2022. From that point onward, the ratio consistently registered at zero through subsequent dates up to the most recent data points scheduled into 2025. This persistent zero ratio indicates that, in these later periods, the company reported negligible or no debt relative to its assets.
The transition from a positive debt-to-assets ratio in late 2022 to a zero ratio beginning in late 2022 suggests a significant reduction or elimination of debt, reflective of potential changes in the company's capital structure—possibly through debt repayment, restructuring, or reporting adjustments. The trend indicates a shift towards a debt-free or substantially debt-free capital position in the more recent periods analyzed.
Peer comparison
May 31, 2025