General Mills Inc (GIS)
Interest coverage
| 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 | May 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 3,450,700 | 3,472,200 | 3,322,700 | 3,430,100 | 3,522,200 | 3,555,300 | 3,558,100 | 3,580,700 | 3,563,600 | 3,574,500 | 3,210,600 | 3,006,600 | 2,988,200 | 2,972,500 | 2,631,000 | 2,995,100 | 3,055,400 | 3,272,700 | 3,725,100 | 3,471,300 |
| Interest expense (ttm) | US$ in thousands | 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 | 382,000 |
| Interest coverage | — | 28.30 | 13.58 | 9.36 | 7.22 | 7.37 | 7.43 | 7.55 | 8.21 | 8.50 | 7.31 | 7.14 | 6.93 | 7.10 | 7.13 | 8.36 | 8.23 | 8.51 | 9.72 | 9.09 |
February 28, 2025 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $3,450,700K ÷ $0K
= —
General Mills Inc's interest coverage ratio has shown some fluctuations over the period indicated. The interest coverage ratio measures a company's ability to meet its interest obligations with its operating income.
From May 31, 2022 to August 28, 2022, the interest coverage improved from 9.09 to 9.72, indicating that the company's operating income was able to cover its interest expenses more comfortably.
However, from August 31, 2022 to May 31, 2023, the interest coverage gradually decreased to 6.93, which may suggest a potential strain on the company's ability to cover interest payments with its operating income.
The interest coverage ratio slightly improved by August 31, 2023 but then dropped again by November 30, 2023. It showed a slight recovery by May 31, 2024, with a ratio of 9.36, indicating a better ability to meet interest obligations.
The most significant improvement was seen by the end of November 2024, with an interest coverage ratio of 28.30, indicating a substantial increase in the company's ability to cover interest payments with operating income. However, it is important to note that the data is missing for February 28, 2025.
Overall, General Mills Inc's interest coverage ratio has shown variability over the analyzed period, with periods of improvements and declines. Monitoring this ratio is important for assessing the company's financial health and ability to meet its debt obligations.
Peer comparison
Feb 28, 2025