Stock Analysis on Net

General Mills Inc. (NYSE:GIS)

This company has been moved to the archive! The financial data has not been updated since December 18, 2019.

Analysis of Solvency Ratios 
Quarterly Data

Microsoft Excel

Solvency Ratios (Summary)

General Mills Inc., solvency ratios (quarterly data)

Microsoft Excel
Nov 24, 2019 Aug 25, 2019 May 26, 2019 Feb 24, 2019 Nov 25, 2018 Aug 26, 2018 May 27, 2018 Feb 25, 2018 Nov 26, 2017 Aug 27, 2017 May 28, 2017 Feb 26, 2017 Nov 27, 2016 Aug 28, 2016 May 29, 2016 Feb 28, 2016 Nov 29, 2015 Aug 30, 2015 May 31, 2015 Feb 22, 2015 Nov 23, 2014 Aug 24, 2014 May 25, 2014 Feb 23, 2014 Nov 24, 2013 Aug 25, 2013
Debt Ratios
Debt to equity 1.79 1.94 2.05 2.17 2.29 2.51 2.58 1.94 2.30 2.58 2.19 2.39 2.27 1.81 1.71 1.79 1.84 1.91 1.85 1.89 1.86 1.50 1.34 1.42 1.30 1.21
Debt to capital 0.64 0.66 0.67 0.68 0.70 0.71 0.72 0.66 0.70 0.72 0.69 0.71 0.69 0.64 0.63 0.64 0.65 0.66 0.65 0.65 0.65 0.60 0.57 0.59 0.57 0.55
Debt to assets 0.45 0.47 0.48 0.50 0.50 0.51 0.52 0.43 0.44 0.45 0.43 0.45 0.44 0.40 0.39 0.41 0.41 0.42 0.42 0.44 0.44 0.40 0.38 0.39 0.37 0.36
Financial leverage 3.95 4.11 4.27 4.37 4.57 4.91 4.99 4.48 5.25 5.69 5.04 5.33 5.17 4.46 4.40 4.42 4.50 4.51 4.40 4.30 4.27 3.77 3.54 3.63 3.49 3.36

Based on: 10-Q (reporting date: 2019-11-24), 10-Q (reporting date: 2019-08-25), 10-K (reporting date: 2019-05-26), 10-Q (reporting date: 2019-02-24), 10-Q (reporting date: 2018-11-25), 10-Q (reporting date: 2018-08-26), 10-K (reporting date: 2018-05-27), 10-Q (reporting date: 2018-02-25), 10-Q (reporting date: 2017-11-26), 10-Q (reporting date: 2017-08-27), 10-K (reporting date: 2017-05-28), 10-Q (reporting date: 2017-02-26), 10-Q (reporting date: 2016-11-27), 10-Q (reporting date: 2016-08-28), 10-K (reporting date: 2016-05-29), 10-Q (reporting date: 2016-02-28), 10-Q (reporting date: 2015-11-29), 10-Q (reporting date: 2015-08-30), 10-K (reporting date: 2015-05-31), 10-Q (reporting date: 2015-02-22), 10-Q (reporting date: 2014-11-23), 10-Q (reporting date: 2014-08-24), 10-K (reporting date: 2014-05-25), 10-Q (reporting date: 2014-02-23), 10-Q (reporting date: 2013-11-24), 10-Q (reporting date: 2013-08-25).

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. General Mills Inc. debt to equity ratio improved from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. General Mills Inc. debt to capital ratio improved from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. General Mills Inc. debt to assets ratio improved from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. General Mills Inc. financial leverage ratio decreased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.

Debt to Equity

General Mills Inc., debt to equity calculation (quarterly data)

Microsoft Excel
Nov 24, 2019 Aug 25, 2019 May 26, 2019 Feb 24, 2019 Nov 25, 2018 Aug 26, 2018 May 27, 2018 Feb 25, 2018 Nov 26, 2017 Aug 27, 2017 May 28, 2017 Feb 26, 2017 Nov 27, 2016 Aug 28, 2016 May 29, 2016 Feb 28, 2016 Nov 29, 2015 Aug 30, 2015 May 31, 2015 Feb 22, 2015 Nov 23, 2014 Aug 24, 2014 May 25, 2014 Feb 23, 2014 Nov 24, 2013 Aug 25, 2013
Selected Financial Data (US$ in thousands)
Current portion of long-term debt 1,537,200 1,391,800 1,396,500 1,407,200 1,990,600 1,599,200 1,600,100 1,250,500 200,500 604,700 604,700 604,700 1,507,600 1,103,400 1,103,400 1,103,500 1,100,200 1,000,300 1,000,400 1,750,600 750,700 855,400 1,250,600 1,203,800 852,800 748,000
Notes payable 1,345,100 1,296,100 1,468,700 1,971,300 1,056,300 1,349,400 1,549,800 1,210,800 1,298,000 1,660,300 1,234,100 1,942,000 1,421,700 690,500 269,800 640,300 306,700 823,700 615,800 1,897,900 2,071,400 1,795,400 1,111,700 545,300 1,051,300 1,583,100
Long-term debt, excluding current portion 10,953,100 11,619,800 11,624,800 11,642,600 12,208,600 12,665,100 12,668,700 7,163,600 8,228,300 7,822,700 7,642,900 7,176,400 6,542,000 7,078,000 7,057,700 7,024,400 7,416,600 7,609,700 7,607,700 6,642,600 7,713,100 6,669,100 6,423,500 7,179,600 6,740,600 5,913,500
Total debt 13,835,400 14,307,700 14,490,000 15,021,100 15,255,500 15,613,700 15,818,600 9,624,900 9,726,800 10,087,700 9,481,700 9,723,100 9,471,300 8,871,900 8,430,900 8,768,200 8,823,500 9,433,700 9,223,900 10,291,100 10,535,200 9,319,900 8,785,800 8,928,700 8,644,700 8,244,600
 
Stockholders’ equity 7,712,300 7,382,800 7,054,500 6,930,400 6,651,800 6,225,100 6,141,100 4,965,600 4,230,700 3,903,800 4,327,900 4,063,400 4,180,600 4,908,300 4,930,200 4,888,800 4,797,000 4,949,100 4,996,700 5,441,200 5,672,300 6,202,300 6,534,800 6,307,700 6,633,400 6,824,300
Solvency Ratio
Debt to equity1 1.79 1.94 2.05 2.17 2.29 2.51 2.58 1.94 2.30 2.58 2.19 2.39 2.27 1.81 1.71 1.79 1.84 1.91 1.85 1.89 1.86 1.50 1.34 1.42 1.30 1.21
Benchmarks
Debt to Equity, Competitors2
Altria Group Inc. 5.11 4.58 4.51 2.65 2.02 2.07
Coca-Cola Co. 2.99 2.78 2.25 2.27 2.48 2.50
PepsiCo Inc. 3.60 3.06 2.17 2.30 2.24 2.24
Philip Morris International Inc.

Based on: 10-Q (reporting date: 2019-11-24), 10-Q (reporting date: 2019-08-25), 10-K (reporting date: 2019-05-26), 10-Q (reporting date: 2019-02-24), 10-Q (reporting date: 2018-11-25), 10-Q (reporting date: 2018-08-26), 10-K (reporting date: 2018-05-27), 10-Q (reporting date: 2018-02-25), 10-Q (reporting date: 2017-11-26), 10-Q (reporting date: 2017-08-27), 10-K (reporting date: 2017-05-28), 10-Q (reporting date: 2017-02-26), 10-Q (reporting date: 2016-11-27), 10-Q (reporting date: 2016-08-28), 10-K (reporting date: 2016-05-29), 10-Q (reporting date: 2016-02-28), 10-Q (reporting date: 2015-11-29), 10-Q (reporting date: 2015-08-30), 10-K (reporting date: 2015-05-31), 10-Q (reporting date: 2015-02-22), 10-Q (reporting date: 2014-11-23), 10-Q (reporting date: 2014-08-24), 10-K (reporting date: 2014-05-25), 10-Q (reporting date: 2014-02-23), 10-Q (reporting date: 2013-11-24), 10-Q (reporting date: 2013-08-25).

1 Q2 2020 Calculation
Debt to equity = Total debt ÷ Stockholders’ equity
= 13,835,400 ÷ 7,712,300 = 1.79

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to equity ratio A solvency ratio calculated as total debt divided by total shareholders’ equity. General Mills Inc. debt to equity ratio improved from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.

Debt to Capital

General Mills Inc., debt to capital calculation (quarterly data)

Microsoft Excel
Nov 24, 2019 Aug 25, 2019 May 26, 2019 Feb 24, 2019 Nov 25, 2018 Aug 26, 2018 May 27, 2018 Feb 25, 2018 Nov 26, 2017 Aug 27, 2017 May 28, 2017 Feb 26, 2017 Nov 27, 2016 Aug 28, 2016 May 29, 2016 Feb 28, 2016 Nov 29, 2015 Aug 30, 2015 May 31, 2015 Feb 22, 2015 Nov 23, 2014 Aug 24, 2014 May 25, 2014 Feb 23, 2014 Nov 24, 2013 Aug 25, 2013
Selected Financial Data (US$ in thousands)
Current portion of long-term debt 1,537,200 1,391,800 1,396,500 1,407,200 1,990,600 1,599,200 1,600,100 1,250,500 200,500 604,700 604,700 604,700 1,507,600 1,103,400 1,103,400 1,103,500 1,100,200 1,000,300 1,000,400 1,750,600 750,700 855,400 1,250,600 1,203,800 852,800 748,000
Notes payable 1,345,100 1,296,100 1,468,700 1,971,300 1,056,300 1,349,400 1,549,800 1,210,800 1,298,000 1,660,300 1,234,100 1,942,000 1,421,700 690,500 269,800 640,300 306,700 823,700 615,800 1,897,900 2,071,400 1,795,400 1,111,700 545,300 1,051,300 1,583,100
Long-term debt, excluding current portion 10,953,100 11,619,800 11,624,800 11,642,600 12,208,600 12,665,100 12,668,700 7,163,600 8,228,300 7,822,700 7,642,900 7,176,400 6,542,000 7,078,000 7,057,700 7,024,400 7,416,600 7,609,700 7,607,700 6,642,600 7,713,100 6,669,100 6,423,500 7,179,600 6,740,600 5,913,500
Total debt 13,835,400 14,307,700 14,490,000 15,021,100 15,255,500 15,613,700 15,818,600 9,624,900 9,726,800 10,087,700 9,481,700 9,723,100 9,471,300 8,871,900 8,430,900 8,768,200 8,823,500 9,433,700 9,223,900 10,291,100 10,535,200 9,319,900 8,785,800 8,928,700 8,644,700 8,244,600
Stockholders’ equity 7,712,300 7,382,800 7,054,500 6,930,400 6,651,800 6,225,100 6,141,100 4,965,600 4,230,700 3,903,800 4,327,900 4,063,400 4,180,600 4,908,300 4,930,200 4,888,800 4,797,000 4,949,100 4,996,700 5,441,200 5,672,300 6,202,300 6,534,800 6,307,700 6,633,400 6,824,300
Total capital 21,547,700 21,690,500 21,544,500 21,951,500 21,907,300 21,838,800 21,959,700 14,590,500 13,957,500 13,991,500 13,809,600 13,786,500 13,651,900 13,780,200 13,361,100 13,657,000 13,620,500 14,382,800 14,220,600 15,732,300 16,207,500 15,522,200 15,320,600 15,236,400 15,278,100 15,068,900
Solvency Ratio
Debt to capital1 0.64 0.66 0.67 0.68 0.70 0.71 0.72 0.66 0.70 0.72 0.69 0.71 0.69 0.64 0.63 0.64 0.65 0.66 0.65 0.65 0.65 0.60 0.57 0.59 0.57 0.55
Benchmarks
Debt to Capital, Competitors2
Altria Group Inc. 0.84 0.82 0.82 0.73 0.67 0.67
Coca-Cola Co. 0.75 0.74 0.69 0.69 0.71 0.71
PepsiCo Inc. 0.78 0.75 0.68 0.70 0.69 0.69
Philip Morris International Inc. 1.68 1.84 1.59 1.53 1.60 1.65

Based on: 10-Q (reporting date: 2019-11-24), 10-Q (reporting date: 2019-08-25), 10-K (reporting date: 2019-05-26), 10-Q (reporting date: 2019-02-24), 10-Q (reporting date: 2018-11-25), 10-Q (reporting date: 2018-08-26), 10-K (reporting date: 2018-05-27), 10-Q (reporting date: 2018-02-25), 10-Q (reporting date: 2017-11-26), 10-Q (reporting date: 2017-08-27), 10-K (reporting date: 2017-05-28), 10-Q (reporting date: 2017-02-26), 10-Q (reporting date: 2016-11-27), 10-Q (reporting date: 2016-08-28), 10-K (reporting date: 2016-05-29), 10-Q (reporting date: 2016-02-28), 10-Q (reporting date: 2015-11-29), 10-Q (reporting date: 2015-08-30), 10-K (reporting date: 2015-05-31), 10-Q (reporting date: 2015-02-22), 10-Q (reporting date: 2014-11-23), 10-Q (reporting date: 2014-08-24), 10-K (reporting date: 2014-05-25), 10-Q (reporting date: 2014-02-23), 10-Q (reporting date: 2013-11-24), 10-Q (reporting date: 2013-08-25).

1 Q2 2020 Calculation
Debt to capital = Total debt ÷ Total capital
= 13,835,400 ÷ 21,547,700 = 0.64

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to capital ratio A solvency ratio calculated as total debt divided by total debt plus shareholders’ equity. General Mills Inc. debt to capital ratio improved from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.

Debt to Assets

General Mills Inc., debt to assets calculation (quarterly data)

Microsoft Excel
Nov 24, 2019 Aug 25, 2019 May 26, 2019 Feb 24, 2019 Nov 25, 2018 Aug 26, 2018 May 27, 2018 Feb 25, 2018 Nov 26, 2017 Aug 27, 2017 May 28, 2017 Feb 26, 2017 Nov 27, 2016 Aug 28, 2016 May 29, 2016 Feb 28, 2016 Nov 29, 2015 Aug 30, 2015 May 31, 2015 Feb 22, 2015 Nov 23, 2014 Aug 24, 2014 May 25, 2014 Feb 23, 2014 Nov 24, 2013 Aug 25, 2013
Selected Financial Data (US$ in thousands)
Current portion of long-term debt 1,537,200 1,391,800 1,396,500 1,407,200 1,990,600 1,599,200 1,600,100 1,250,500 200,500 604,700 604,700 604,700 1,507,600 1,103,400 1,103,400 1,103,500 1,100,200 1,000,300 1,000,400 1,750,600 750,700 855,400 1,250,600 1,203,800 852,800 748,000
Notes payable 1,345,100 1,296,100 1,468,700 1,971,300 1,056,300 1,349,400 1,549,800 1,210,800 1,298,000 1,660,300 1,234,100 1,942,000 1,421,700 690,500 269,800 640,300 306,700 823,700 615,800 1,897,900 2,071,400 1,795,400 1,111,700 545,300 1,051,300 1,583,100
Long-term debt, excluding current portion 10,953,100 11,619,800 11,624,800 11,642,600 12,208,600 12,665,100 12,668,700 7,163,600 8,228,300 7,822,700 7,642,900 7,176,400 6,542,000 7,078,000 7,057,700 7,024,400 7,416,600 7,609,700 7,607,700 6,642,600 7,713,100 6,669,100 6,423,500 7,179,600 6,740,600 5,913,500
Total debt 13,835,400 14,307,700 14,490,000 15,021,100 15,255,500 15,613,700 15,818,600 9,624,900 9,726,800 10,087,700 9,481,700 9,723,100 9,471,300 8,871,900 8,430,900 8,768,200 8,823,500 9,433,700 9,223,900 10,291,100 10,535,200 9,319,900 8,785,800 8,928,700 8,644,700 8,244,600
 
Total assets 30,452,400 30,313,200 30,111,200 30,285,800 30,384,000 30,554,800 30,624,000 22,240,600 22,191,500 22,209,600 21,812,600 21,670,300 21,602,100 21,913,100 21,712,300 21,631,600 21,588,700 22,322,900 21,964,500 23,383,100 24,203,700 23,372,800 23,145,700 22,925,000 23,152,100 22,944,600
Solvency Ratio
Debt to assets1 0.45 0.47 0.48 0.50 0.50 0.51 0.52 0.43 0.44 0.45 0.43 0.45 0.44 0.40 0.39 0.41 0.41 0.42 0.42 0.44 0.44 0.40 0.38 0.39 0.37 0.36
Benchmarks
Debt to Assets, Competitors2
Altria Group Inc. 0.58 0.57 0.57 0.53 0.51 0.49
Coca-Cola Co. 0.55 0.54 0.50 0.49 0.50 0.50
PepsiCo Inc. 0.50 0.48 0.41 0.42 0.42 0.42
Philip Morris International Inc. 0.76 0.76 0.72 0.77 0.75 0.80

Based on: 10-Q (reporting date: 2019-11-24), 10-Q (reporting date: 2019-08-25), 10-K (reporting date: 2019-05-26), 10-Q (reporting date: 2019-02-24), 10-Q (reporting date: 2018-11-25), 10-Q (reporting date: 2018-08-26), 10-K (reporting date: 2018-05-27), 10-Q (reporting date: 2018-02-25), 10-Q (reporting date: 2017-11-26), 10-Q (reporting date: 2017-08-27), 10-K (reporting date: 2017-05-28), 10-Q (reporting date: 2017-02-26), 10-Q (reporting date: 2016-11-27), 10-Q (reporting date: 2016-08-28), 10-K (reporting date: 2016-05-29), 10-Q (reporting date: 2016-02-28), 10-Q (reporting date: 2015-11-29), 10-Q (reporting date: 2015-08-30), 10-K (reporting date: 2015-05-31), 10-Q (reporting date: 2015-02-22), 10-Q (reporting date: 2014-11-23), 10-Q (reporting date: 2014-08-24), 10-K (reporting date: 2014-05-25), 10-Q (reporting date: 2014-02-23), 10-Q (reporting date: 2013-11-24), 10-Q (reporting date: 2013-08-25).

1 Q2 2020 Calculation
Debt to assets = Total debt ÷ Total assets
= 13,835,400 ÷ 30,452,400 = 0.45

2 Click competitor name to see calculations.

Solvency ratio Description The company
Debt to assets ratio A solvency ratio calculated as total debt divided by total assets. General Mills Inc. debt to assets ratio improved from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.

Financial Leverage

General Mills Inc., financial leverage calculation (quarterly data)

Microsoft Excel
Nov 24, 2019 Aug 25, 2019 May 26, 2019 Feb 24, 2019 Nov 25, 2018 Aug 26, 2018 May 27, 2018 Feb 25, 2018 Nov 26, 2017 Aug 27, 2017 May 28, 2017 Feb 26, 2017 Nov 27, 2016 Aug 28, 2016 May 29, 2016 Feb 28, 2016 Nov 29, 2015 Aug 30, 2015 May 31, 2015 Feb 22, 2015 Nov 23, 2014 Aug 24, 2014 May 25, 2014 Feb 23, 2014 Nov 24, 2013 Aug 25, 2013
Selected Financial Data (US$ in thousands)
Total assets 30,452,400 30,313,200 30,111,200 30,285,800 30,384,000 30,554,800 30,624,000 22,240,600 22,191,500 22,209,600 21,812,600 21,670,300 21,602,100 21,913,100 21,712,300 21,631,600 21,588,700 22,322,900 21,964,500 23,383,100 24,203,700 23,372,800 23,145,700 22,925,000 23,152,100 22,944,600
Stockholders’ equity 7,712,300 7,382,800 7,054,500 6,930,400 6,651,800 6,225,100 6,141,100 4,965,600 4,230,700 3,903,800 4,327,900 4,063,400 4,180,600 4,908,300 4,930,200 4,888,800 4,797,000 4,949,100 4,996,700 5,441,200 5,672,300 6,202,300 6,534,800 6,307,700 6,633,400 6,824,300
Solvency Ratio
Financial leverage1 3.95 4.11 4.27 4.37 4.57 4.91 4.99 4.48 5.25 5.69 5.04 5.33 5.17 4.46 4.40 4.42 4.50 4.51 4.40 4.30 4.27 3.77 3.54 3.63 3.49 3.36
Benchmarks
Financial Leverage, Competitors2
Altria Group Inc. 8.83 8.04 7.92 5.02 3.98 4.21
Coca-Cola Co. 5.42 5.18 4.55 4.67 4.95 4.98
PepsiCo Inc. 7.17 6.32 5.31 5.48 5.38 5.31
Philip Morris International Inc.

Based on: 10-Q (reporting date: 2019-11-24), 10-Q (reporting date: 2019-08-25), 10-K (reporting date: 2019-05-26), 10-Q (reporting date: 2019-02-24), 10-Q (reporting date: 2018-11-25), 10-Q (reporting date: 2018-08-26), 10-K (reporting date: 2018-05-27), 10-Q (reporting date: 2018-02-25), 10-Q (reporting date: 2017-11-26), 10-Q (reporting date: 2017-08-27), 10-K (reporting date: 2017-05-28), 10-Q (reporting date: 2017-02-26), 10-Q (reporting date: 2016-11-27), 10-Q (reporting date: 2016-08-28), 10-K (reporting date: 2016-05-29), 10-Q (reporting date: 2016-02-28), 10-Q (reporting date: 2015-11-29), 10-Q (reporting date: 2015-08-30), 10-K (reporting date: 2015-05-31), 10-Q (reporting date: 2015-02-22), 10-Q (reporting date: 2014-11-23), 10-Q (reporting date: 2014-08-24), 10-K (reporting date: 2014-05-25), 10-Q (reporting date: 2014-02-23), 10-Q (reporting date: 2013-11-24), 10-Q (reporting date: 2013-08-25).

1 Q2 2020 Calculation
Financial leverage = Total assets ÷ Stockholders’ equity
= 30,452,400 ÷ 7,712,300 = 3.95

2 Click competitor name to see calculations.

Solvency ratio Description The company
Financial leverage ratio A solvency ratio calculated as total assets divided by total shareholders’ equity. General Mills Inc. financial leverage ratio decreased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.