General Mills (General Mills) Liabilities-to-Assets : 0.69 (As of Feb. 2024)

General Mills Liabilities-to-Assets Chart

General Mills Annual Data
	Trend	May14	May15	May16	May17	May18	May19	May20	May21	May22	May23
Liabilities-to-Assets		Get a 7-Day Free Trial					0.74	0.71	0.67	0.65	0.66

General Mills Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Liabilities-to-Assets	Get a 7-Day Free Trial															0.66	0.66	0.66	0.69	0.69

Competitive Comparison of General Mills's Liabilities-to-Assets

For the Packaged Foods subindustry, General Mills's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

General Mills's Liabilities-to-Assets Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, General Mills's Liabilities-to-Assets distribution charts can be found below:

* The bar in red indicates where General Mills's Liabilities-to-Assets falls into.

General Mills Liabilities-to-Assets Calculation

Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.

General Mills's Liabilities-to-Assets Ratio for the fiscal year that ended in May. 2023 is calculated as:

General Mills's Liabilities-to-Assets Ratio for the quarter that ended in Feb. 2024 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

General Mills  (NYSE:GIS) Liabilities-to-Assets Explanation

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.

General Mills Liabilities-to-Assets Related Terms

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General Mills (General Mills) Business Description