General Mills Inc (GIS)

Financial leverage ratio

		May 31, 2025	May 31, 2024	May 26, 2024	May 31, 2023	May 28, 2023
Total assets	US$ in thousands	33,071,100	31,469,900	31,469,900	31,451,700	31,451,700
Total stockholders’ equity	US$ in thousands	9,199,200	9,396,700	9,396,700	10,449,600	10,449,600
Financial leverage ratio		3.59	3.35	3.35	3.01	3.01

May 31, 2025 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $33,071,100K ÷ $9,199,200K
= 3.59

The financial leverage ratio for General Mills Inc. has demonstrated an upward trend over the periods analyzed. As of May 28 and May 31, 2023, the ratio stood at 3.01, suggesting that the company employed a moderate level of debt relative to its equity during this time. By May 26 and May 31, 2024, the ratio increased to 3.35, indicating a slight rise in leverage, which reflects an incremental increase in the company's debt load relative to its equity base. The most recent data point, as of May 31, 2025, shows a further increase to 3.59, pointing toward a continuing upward trajectory in financial leverage. Overall, this progression suggests that General Mills Inc. has been gradually utilizing more debt financing relative to its equity in recent years, which could imply a strategic shift towards increased leverage to fund its operations or capital investments. However, the ratios remain within a moderate leverage range, ensuring that the company's debt levels are still manageable relative to its equity base.