General Mills Inc (GIS)

Financial leverage ratio

		May 31, 2025	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
Total assets	US$ in thousands	33,071,100	32,706,200	33,396,100	31,769,200	31,469,900	31,469,900	30,860,500	30,860,500	31,233,400	31,233,400	31,319,700	31,319,700	31,451,700	31,451,700	31,199,800	31,199,800	31,319,800	31,319,800	31,107,200	31,107,200
Total stockholders’ equity	US$ in thousands	9,199,200	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
Financial leverage ratio		3.59	3.53	3.63	3.43	3.35	3.35	3.27	3.27	3.33	3.33	3.05	3.05	3.01	3.01	3.05	3.05	3.09	3.09	2.94	2.94

May 31, 2025 calculation

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

The financial leverage ratio of General Mills Inc. demonstrates a gradual upward trend over the analyzed period, indicating increasing use of debt relative to equity. Starting at approximately 2.94 in August 2022, the ratio remains stable through the subsequent months, peaking slightly at 3.09 by November 2022. From that point onward, it exhibits minor fluctuations, settling around 3.01 in May 2023 before returning to 3.05 in August 2023.

From late 2023 onward, a more noticeable upward trajectory becomes evident. The ratio increases steadily, reaching 3.33 in November 2023 and climbing further to 3.43 in August 2024. The trend continues with ratios of 3.63 in November 2024, and then gradually decreasing to 3.53 in February 2025 and slightly upward again to 3.59 in May 2025.

Overall, the data indicates that General Mills has maintained a relatively stable but modestly increasing leverage position over the period analyzed. The rising leverage ratio suggests a gradual reliance on borrowed funds, which could be reflective of strategic financial management aimed at supporting growth initiatives or shareholder returns while managing risk exposure associated with increased debt levels.