General Mills Inc (GIS)
Debt-to-capital ratio
| May 31, 2024 | May 26, 2024 | May 31, 2023 | May 28, 2023 | May 31, 2022 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 9,396,700 | 9,396,700 | 10,449,600 | 10,449,600 | 10,542,400 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
May 31, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $9,396,700K)
= 0.00
The debt-to-capital ratio of General Mills Inc has been consistently reported as 0.00% from May 31, 2022, to May 31, 2024. This indicates that the company has not utilized any debt financing in relation to its capital structure during this period. A debt-to-capital ratio of 0.00% signifies that the company's total debt is either negligible or zero in comparison to its total capital, reflecting a low financial risk and a strong financial position. It suggests that General Mills Inc is primarily relying on equity financing to support its operations and growth strategies, potentially reducing the interest burden and financial leverage risks typically associated with high debt levels.
Peer comparison
May 31, 2024