General Mills Inc (GIS)
Debt-to-capital ratio
| May 26, 2024 | May 28, 2023 | May 29, 2022 | May 30, 2021 | May 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | 9,134,800 | 9,786,900 | 10,929,000 |
| Total stockholders’ equity | US$ in thousands | 9,396,700 | 10,449,600 | 10,542,400 | 9,470,400 | 8,058,500 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.46 | 0.51 | 0.58 |
May 26, 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 shown a declining trend over the past five years. In May 2020, the ratio was 0.58, indicating that debt accounted for 58% of the company's capital structure. However, this ratio has steadily decreased to 0.00 as of May 2024, implying that the company has reduced its reliance on debt financing and has a more conservative capital structure. This downward trend suggests that General Mills Inc has been managing its debt levels effectively and has improved its financial health by lowering its debt relative to its total capital.
Peer comparison
May 26, 2024