General Mills Inc (GIS)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.87 | 1.03 | 1.36 |
May 26, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $9,396,700K
= 0.00
The debt-to-equity ratio of General Mills Inc has shown a decreasing trend over the past five years. In May 2020, the ratio was 1.36, indicating that the company had more debt than equity. However, this ratio has steadily declined each year, reaching 0.00 in both May 2023 and May 2024. A debt-to-equity ratio of 0.00 suggests that General Mills Inc had no debt relative to its equity during those periods. This decreasing trend in the debt-to-equity ratio may signify that the company has been reducing its reliance on debt financing and improving its financial stability.
Peer comparison
May 26, 2024
Company name
Symbol
Debt-to-equity ratio
General Mills Inc
GIS
0.00
Ingredion Incorporated
INGR
0.49
Kellanova
K
1.60
Post Holdings Inc
POST
1.67
WK Kellogg Co
KLG
1.62