General Mills Inc (GIS)

Interest coverage

		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
Earnings before interest and tax (EBIT) (ttm)	US$ in thousands	2,707,500	3,450,700	3,472,200	3,309,600	3,417,000	3,609,200	3,642,300	3,657,000	3,679,600	4,095,700	4,106,600	3,893,300	3,689,300	3,148,700	3,133,000	3,071,400	3,435,500	3,922,900	4,140,200	4,136,200
Interest expense (ttm)	US$ in thousands	0	0	122,700	244,700	366,400	487,600	482,700	479,000	474,300	433,900	420,700	439,500	420,800	431,500	418,400	369,000	358,400	371,400	384,400	383,200
Interest coverage		—	—	28.30	13.53	9.33	7.40	7.55	7.63	7.76	9.44	9.76	8.86	8.77	7.30	7.49	8.32	9.59	10.56	10.77	10.79

May 31, 2025 calculation

Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $2,707,500K ÷ $0K
= —

The interest coverage ratios for General Mills Inc. over the provided dates reveal a pattern of fluctuations with an overall trend characterized by periods of decline followed by substantial increases.

From August 2022 through August 2023, interest coverage ratios decreased from approximately 10.79 to a low of approximately 7.30–8.86. Specifically, the ratio reached 10.79 on August 28, 2022, and experienced a gradual decline over the subsequent quarters, hitting a minimum of 7.30 on May 28, 2023. This decline indicates a reduction in relative earnings available to cover interest expenses, potentially reflecting challenges such as increased interest expenses, diminished operating income, or both.

However, starting from late August 2023 onwards, there is a notable upward trend in interest coverage. The ratio increased to 9.76 on August 31, 2023, and further to 9.44 and 7.76 in subsequent quarters, with a significant jump to 13.53 on August 31, 2024. The most remarkable increase is observed with the ratio reaching 28.30 on November 30, 2024, which indicates a very robust capacity to meet interest obligations at that point.

The data for the most recent periods extending into early 2025 are either missing or unavailable, with the interest coverage ratios remaining unreported.

Overall, the trend demonstrates that while there was a period of weakening interest coverage in the earlier part of the analyzed timeline, recent periods show a strengthening position, with the ratios reaching historically high levels. This suggests improved profitability or reduced interest expenses, or potentially both, leading to a stronger capacity to service interest obligations comfortably.