General Mills Inc (GIS)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	9,263,200	9,200,700	9,275,600	9,396,700	9,396,700	9,436,800	9,436,800	9,378,800	9,378,800	10,262,400	10,262,400	10,449,600	10,449,600	10,234,500	10,234,500	10,121,200	10,121,200	10,574,800	10,574,800	10,542,400
Debt-to-capital 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	0.44	0.00	0.46	0.00	0.44	0.00

February 28, 2025 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $9,263,200K)
= 0.00

General Mills Inc's debt-to-capital ratio has varied over the period from May 31, 2022, to February 28, 2025. The ratio stood at 0.00 as of May 31, 2022, August 31, 2022, November 30, 2022, February 28, 2023, May 28, 2023, May 31, 2023, August 27, 2023, August 31, 2023, November 26, 2023, November 30, 2023, February 25, 2024, February 29, 2024, May 26, 2024, May 31, 2024, August 31, 2024, November 30, 2024, and February 28, 2025.

There were only two instances where the debt-to-capital ratio was above 0.00, specifically, at 0.44 as of August 28, 2022, and 0.46 as of November 27, 2022. These higher ratios indicate that General Mills had a higher level of debt relative to its total capital during those periods.

Overall, the company's debt-to-capital ratio has mostly been at 0.00, indicating that General Mills has been using a conservative capital structure with lower levels of debt compared to its capital base.

Monitoring changes in the debt-to-capital ratio over time can provide insights into General Mills' leverage and its ability to meet its financial obligations.