General Mills Inc (GIS)

Debt-to-equity ratio

		May 26, 2024	Feb 25, 2024	Nov 26, 2023	Aug 27, 2023	May 28, 2023	Feb 26, 2023	Nov 27, 2022	Aug 28, 2022	May 29, 2022	Feb 27, 2022	Nov 28, 2021	Aug 29, 2021	May 30, 2021	Feb 28, 2021	Nov 29, 2020	Aug 30, 2020	May 31, 2020	Feb 23, 2020	Nov 24, 2019	Aug 25, 2019
Long-term debt	US$ in thousands	—	—	—	—	—	8,140,200	8,622,500	8,474,600	9,134,800	10,944,700	10,973,600	10,326,900	9,786,900	9,766,600	10,952,500	10,832,900	10,929,000	11,589,600	10,953,100	11,619,800
Total stockholders’ equity	US$ in thousands	9,396,700	9,436,800	9,378,800	10,262,400	10,449,600	10,234,500	10,121,200	10,574,800	10,542,400	9,812,900	9,524,500	9,692,300	9,470,400	8,890,300	8,550,000	8,444,600	8,058,500	7,575,100	7,712,300	7,382,800
Debt-to-equity ratio		0.00	0.00	0.00	0.00	0.00	0.80	0.85	0.80	0.87	1.12	1.15	1.07	1.03	1.10	1.28	1.28	1.36	1.53	1.42	1.57

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 some fluctuations over the past few years. It was consistently at 0.00 from May 26, 2024, to May 28, 2023. Then, there was a noticeable increase to 0.80 on Feb 26, 2023, and further increases to reach 1.57 by Nov 24, 2019.

This upward trend indicates that the company has been increasing its reliance on debt financing relative to equity over the years. A higher debt-to-equity ratio may suggest that the company is taking on more leverage and financial risk.

It is worth noting that a debt-to-equity ratio of 0.00 for a few periods might indicate that the company had no debt during those times or very minimal debt relative to equity. However, it is essential to monitor this ratio over time to understand how the company's capital structure is evolving and the potential impact on its financial health and risk profile.