General Mills Inc (GIS)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
May 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $9,396,700K
= 0.00
Based on the data provided, General Mills Inc has consistently maintained a debt-to-equity ratio of 0.00 for the years ending May 31, 2022 to May 31, 2024. This indicates that the company has no debt or a minimal amount of debt relative to its equity. A debt-to-equity ratio of 0.00 suggests that the company has a strong financial position and relies more on equity financing rather than debt financing to support its operations and growth. Overall, General Mills Inc appears to have a conservative approach to leverage, which may signify a lower financial risk and stability in its capital structure.
Peer comparison
May 31, 2024