General Mills, Inc. (GIS) annual balance sheet — 30-year assets, liabilities & equity history
| Metric | May'26 | May'25 | May'24 | May'23 | May'22 | May'21 | May'20 | May'19 | May'18 | May'17 | May'16 | May'15 | May'14 | May'13 | May'12 | May'11 | May'10 | May'09 | May'08 | May'07 | May'06 | May'05 | May'04 | May'03 | May'02 | May'01 | May'00 | May'99 | May'98 | May'97 |
|---|
| Total Current Assets | 4.62B | 5.28B | 4.58B | 5.18B | 5.09B | 5.75B | 5.12B | 4.19B | 4.12B | 4.06B | 3.94B | 3.69B | 4.39B | 4.3B | 3.69B | 3.9B | 3.48B | 3.53B | 3.62B | 3.05B | 3.04B | 3.06B | 3.21B | 3.18B | 3.44B | 1.41B | 1.19B | 1.1B | 1.04B | 1.01B |
| Cash & Short-Term Investments | 453.8M | 363.9M | 418M | 702.7M | 819.2M | 1.87B | 1.68B | 450M | 399M | 766.1M | 763.7M | 334.2M | 867.3M | 741.4M | 471.2M | 619.6M | 673.2M | 773.2M | 661M | 423.6M | 647M | 573M | 751M | 703M | 975M | 64M | 26M | 3.9M | 6.4M | 12.8M |
| Cash Only | 453.8M | 363.9M | 418M | 585.5M | 569.4M | 1.51B | 1.68B | 450M | 399M | 766.1M | 763.7M | 334.2M | 867.3M | 741.4M | 471.2M | 619.6M | 673.2M | 749.8M | 661M | 417.1M | 647M | 573M | 751M | 703M | 975M | 64M | 26M | 3.9M | 6.4M | 12.8M |
| Short-Term Investments | 0 | 0 | 0 | 117.2M | 249.8M | 360M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23.4M | 0 | 6.5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 1.65B | 1.94B | 1.94B | 2.01B | 1.96B | 1.82B | 1.77B | 1.97B | 1.9B | 1.63B | 1.56B | 1.62B | 1.67B | 1.69B | 1.46B | 1.41B | 1.04B | 1.15B | 1.08B | 1.16B | 1.02B | 1.03B | 1.01B | 980M | 1.01B | 664M | 501M | 490.6M | 395.1M | 419.1M |
| Days Sales Outstanding | 32.62 | 36.28 | 35.63 | 36.58 | 37.69 | 36.55 | 36.67 | 42.68 | 44.04 | 38.06 | 34.48 | 33.46 | 34.05 | 34.65 | 32.03 | 34.47 | 25.98 | 28.48 | 28.92 | 34.09 | 31.91 | 33.38 | 33.3 | 34.05 | 46.38 | 44.47 | 35.35 | 28.67 | 23.9 | 27.27 |
| Inventory | 1.92B | 1.91B | 1.9B | 2.17B | 1.87B | 1.82B | 1.43B | 1.56B | 1.64B | 1.48B | 1.41B | 1.54B | 1.56B | 1.55B | 1.48B | 1.61B | 1.34B | 1.35B | 1.37B | 1.17B | 1.05B | 1.04B | 1.06B | 1.08B | 1.05B | 519M | 511M | 426.7M | 389.7M | 364.4M |
| Days Inventory Outstanding | 57.24 | 54.69 | 53.6 | 58.51 | 54.13 | 56.9 | 45.28 | 51.24 | 58.17 | 53.87 | 48.07 | 48.15 | 49.32 | 49.7 | 50.86 | 65.8 | 55.52 | 51.98 | 56.83 | 53.84 | 51.04 | 51.67 | 58.93 | 64.65 | 82.6 | 66.68 | 74.94 | 64.91 | 60.71 | 57.12 |
| Other Current Assets | 599.8M | 794.9M | 60M | 43.3M | 228.8M | 32M | 51.8M | 16.1M | 17.8M | 14M | 17.2M | 24.8M | 108.8M | 156.3M | 101.2M | 107M | 42.7M | 71M | 0 | 122.3M | 147M | 208M | 169M | 230M | 241M | 62M | 152M | 181.3M | 244.1M | 215M |
| Total Non-Current Assets | 25.4B | 27.8B | 26.89B | 26.28B | 26B | 26.09B | 25.69B | 25.92B | 26.5B | 17.75B | 17.78B | 18.15B | 18.75B | 18.36B | 17.41B | 14.77B | 14.2B | 14.34B | 15.42B | 15.13B | 15.03B | 15.01B | 15.23B | 15.05B | 13.1B | 3.68B | 3.38B | 3.04B | 2.83B | 2.89B |
| Property, Plant & Equipment | 3.44B | 4.03B | 4.23B | 3.98B | 3.73B | 3.99B | 3.95B | 3.79B | 4.05B | 3.69B | 3.74B | 3.78B | 3.94B | 3.88B | 3.65B | 3.35B | 3.13B | 3.03B | 3.11B | 3.01B | 3B | 3.11B | 3.11B | 2.98B | 2.76B | 1.5B | 1.41B | 1.29B | 1.19B | 1.28B |
| Fixed Asset Turnover | 5.35x | 4.83x | 4.69x | 5.05x | 5.09x | 4.55x | 4.47x | 4.45x | 3.89x | 4.24x | 4.42x | 4.66x | 4.54x | 4.58x | 4.56x | 4.45x | 4.68x | 4.84x | 4.39x | 4.13x | 3.91x | 3.63x | 3.56x | 3.53x | 2.88x | 3.63x | 3.68x | 4.82x | 5.09x | 4.38x |
| Goodwill | 14.12B | 15.62B | 14.75B | 14.51B | 14.38B | 14.06B | 13.92B | 14B | 14.06B | 8.75B | 8.74B | 8.87B | 8.65B | 8.62B | 8.18B | 6.75B | 6.59B | 6.66B | 6.79B | 6.84B | 6.65B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 6.72B | 7.08B | 6.98B | 6.97B | 7B | 7.15B | 7.1B | 7.17B | 7.45B | 4.53B | 4.54B | 4.68B | 5.01B | 5.02B | 4.7B | 3.81B | 3.71B | 3.75B | 3.78B | 3.69B | 3.61B | 10.22B | 10.32B | 10.27B | 8.56B | 870M | 870M | 722M | 630.4M | 655.2M |
| Long-Term Investments | 0 | 431.9M | 397.9M | 462M | 513.8M | 566.4M | 566.7M | 452.9M | 499.6M | 505.3M | 531.6M | 561.3M | 575.7M | 567.3M | 627.9M | 519.1M | 398.1M | 283.3M | 278.6M | 294.6M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 1.12B | 441.9M | 363M | 358.3M | 377.5M | 322.6M | 153.9M | 522M | 443.4M | 280.6M | 220.1M | 249.9M | 569.8M | 276.4M | 237.4M | 343.4M | 365.3M | 611.7M | 1.47B | 1.29B | 1.78B | 1.68B | 1.8B | 1.8B | 1.78B | 1.31B | 1.11B | 1.02B | 1.01B | 956.5M |
| Total Assets | 30.02B | 33.07B | 31.47B | 31.45B | 31.09B | 31.84B | 30.81B | 30.11B | 30.62B | 21.81B | 21.71B | 21.83B | 23.15B | 22.66B | 21.1B | 18.67B | 17.68B | 17.87B | 19.04B | 18.18B | 18.07B | 18.07B | 18.45B | 18.23B | 16.54B | 5.09B | 4.57B | 4.14B | 3.86B | 3.9B |
| Asset Turnover | 0.61x | 0.59x | 0.63x | 0.64x | 0.61x | 0.57x | 0.57x | 0.56x | 0.51x | 0.72x | 0.76x | 0.81x | 0.77x | 0.78x | 0.79x | 0.80x | 0.83x | 0.82x | 0.72x | 0.68x | 0.65x | 0.63x | 0.60x | 0.58x | 0.48x | 1.07x | 1.13x | 1.51x | 1.56x | 1.44x |
| Asset Growth % | -9.24% | 5.09% | 0.06% | 1.16% | -2.36% | 3.36% | 2.31% | -1.67% | 40.4% | 0.46% | -0.55% | -5.68% | 2.15% | 7.4% | 12.97% | 5.63% | -1.1% | -6.13% | 4.72% | 0.6% | 0.05% | -2.07% | 1.21% | 10.2% | 224.89% | 11.3% | 10.46% | 7.23% | -1.05% | 18.44% |
| Total Current Liabilities | 6.77B | 7.86B | 7.03B | 7.54B | 8.02B | 8.27B | 7.49B | 7.09B | 7.34B | 5.33B | 5.01B | 4.89B | 5.42B | 5.29B | 3.84B | 3.66B | 3.77B | 3.61B | 4.86B | 5.85B | 6.14B | 4.18B | 2.76B | 3.44B | 5.75B | 2.21B | 2.53B | 1.7B | 1.44B | 1.29B |
| Accounts Payable | 3.73B | 4.01B | 3.99B | 4.19B | 3.98B | 3.65B | 3.25B | 2.85B | 2.75B | 2.12B | 2.05B | 1.68B | 1.61B | 1.42B | 1.15B | 995.1M | 849.5M | 803.4M | 937.3M | 777.9M | 673M | 1.14B | 1.11B | 1.3B | 1.22B | 619M | 642M | 647.4M | 593.1M | 599.7M |
| Days Payables Outstanding | 111.32 | 114.75 | 112.61 | 112.99 | 115.45 | 114.18 | 103.11 | 93.78 | 97.27 | 76.97 | 69.59 | 52.62 | 50.96 | 45.77 | 39.51 | 40.69 | 35.09 | 31.01 | 38.97 | 35.69 | 32.56 | 56.6 | 61.54 | 77.85 | 95.28 | 79.53 | 94.15 | 98.49 | 92.39 | 94.01 |
| Short-Term Debt | 1.12B | 2.21B | 1.63B | 1.74B | 2.49B | 2.83B | 2.61B | 2.87B | 3.15B | 1.84B | 1.37B | 1.62B | 2.36B | 2.04B | 1.27B | 1.34B | 1.16B | 1.32B | 2.65B | 2.99B | 3.63B | 1.94B | 816M | 1.34B | 3.85B | 1.21B | 1.5B | 614.9M | 417.3M | 343.3M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25.5M | 19.3M | 17.3M | 6.8M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 1.92B | 414.3M | 298.5M | 396.8M | 388.6M | 480M | 317.5M | 375.4M | 370.9M | 381.6M | 384.6M | 400.1M | 269.4M | 312.2M | 308.5M | 289.6M | 688.1M | 639M | 658.1M | 632.6M | 628M | 1.11B | 831M | 800M | 682M | 130M | 388M | 438M | 433.3M | 349.5M |
| Current Ratio | 0.68x | 0.67x | 0.65x | 0.69x | 0.63x | 0.70x | 0.68x | 0.59x | 0.56x | 0.76x | 0.79x | 0.75x | 0.81x | 0.81x | 0.96x | 1.07x | 0.92x | 0.98x | 0.75x | 0.52x | 0.50x | 0.73x | 1.17x | 0.92x | 0.60x | 0.64x | 0.47x | 0.65x | 0.72x | 0.78x |
| Quick Ratio | 0.40x | 0.43x | 0.38x | 0.40x | 0.40x | 0.48x | 0.49x | 0.37x | 0.34x | 0.48x | 0.50x | 0.44x | 0.52x | 0.52x | 0.58x | 0.63x | 0.57x | 0.61x | 0.46x | 0.32x | 0.32x | 0.48x | 0.78x | 0.61x | 0.41x | 0.40x | 0.27x | 0.40x | 0.45x | 0.50x |
| Cash Conversion Cycle | -21.45 | -23.78 | -23.38 | -17.9 | -23.63 | -20.74 | -21.16 | 0.14 | 4.93 | 14.96 | 12.96 | 28.99 | 32.41 | 38.58 | 43.38 | 59.58 | 46.41 | 49.45 | 46.78 | 52.24 | 50.39 | 28.44 | 30.7 | 20.84 | 33.69 | 31.62 | 16.14 | -4.91 | -7.78 | -9.61 |
| Total Non-Current Liabilities | 15.86B | 16B | 14.79B | 13.22B | 12.28B | 13.2B | 14.42B | 15.1B | 16.01B | 10.89B | 10.54B | 10.77B | 9.73B | 9.27B | 9.52B | 8.4B | 8.26B | 8.85B | 7.73B | 5.88B | 5.03B | 7.07B | 10.14B | 10.31B | 7.06B | 2.83B | 2.33B | 2.28B | 2.23B | 2.12B |
| Long-Term Debt | 12.42B | 12.67B | 11.3B | 9.97B | 9.13B | 9.79B | 10.93B | 11.62B | 12.67B | 7.64B | 7.06B | 7.58B | 6.42B | 5.93B | 6.16B | 5.54B | 5.27B | 5.75B | 4.35B | 3.22B | 2.42B | 4.25B | 7.41B | 7.52B | 5.59B | 2.22B | 1.76B | 1.7B | 1.64B | 1.53B |
| Capital Lease Obligations | 0 | 302.8M | 282.8M | 257M | 248.3M | 283.2M | 277M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 2.27B | 2.1B | 2.2B | 2.11B | 2.22B | 2.12B | 1.95B | 2.03B | 2B | 1.72B | 1.4B | 1.45B | 1.67B | 1.39B | 1.17B | 1.13B | 874.6M | 1.17B | 1.45B | 1.43B | 1.69B | 1.85B | 1.77B | 1.66B | 407M | 423M | 387M | 400.2M | 413.9M | 415.8M |
| Other Non-Current Liabilities | 1.18B | 925.8M | 1B | 883M | 680.8M | 1.01B | 1.27B | 1.45B | 1.34B | 1.52B | 2.09B | 1.74B | 1.64B | 1.95B | 2.19B | 1.73B | 2.12B | 1.93B | 1.92B | 1.23B | 924M | 967M | 961M | 1.13B | 1.07B | 186M | 187M | 173.6M | 173.2M | 169.1M |
| Total Liabilities | 22.64B | 23.86B | 21.82B | 20.75B | 20.3B | 21.46B | 21.91B | 22.19B | 23.36B | 16.22B | 15.56B | 15.66B | 15.16B | 14.56B | 13.37B | 12.06B | 12.03B | 12.46B | 12.58B | 11.73B | 11.17B | 11.26B | 12.9B | 13.75B | 12.81B | 5.04B | 4.86B | 3.98B | 3.67B | 3.41B |
| Total Debt | 13.54B | 15.3B | 13.32B | 12.06B | 11.98B | 13.01B | 13.92B | 14.49B | 15.82B | 9.48B | 8.43B | 9.19B | 8.79B | 7.97B | 7.43B | 6.89B | 6.43B | 7.08B | 7B | 6.21B | 6.05B | 6.19B | 8.23B | 8.86B | 9.44B | 3.43B | 3.26B | 2.32B | 2.06B | 1.87B |
| Net Debt | 13.08B | 14.93B | 12.9B | 11.48B | 11.41B | 11.5B | 12.24B | 14.04B | 15.42B | 8.72B | 7.67B | 8.86B | 7.92B | 7.23B | 6.96B | 6.27B | 5.75B | 6.33B | 6.34B | 5.79B | 5.4B | 5.62B | 7.47B | 8.15B | 8.46B | 3.36B | 3.23B | 2.31B | 2.05B | 1.86B |
| Debt / Equity | 1.83x | 1.66x | 1.38x | 1.13x | 1.11x | 1.25x | 1.56x | 1.83x | 2.18x | 1.69x | 1.37x | 1.49x | 1.10x | 0.98x | 0.96x | 1.04x | 1.14x | 1.31x | 1.08x | 0.96x | 0.88x | 0.91x | 1.48x | 1.98x | 2.53x | 65.92x | - | 14.11x | 10.82x | 3.79x |
| Debt / EBITDA | 15.28x | 3.98x | 3.34x | 3.03x | 2.96x | 3.47x | 3.92x | 4.62x | 5.21x | 3.06x | 2.54x | 3.45x | 2.48x | 2.32x | 2.39x | 2.12x | 2.10x | 2.55x | 2.60x | 2.51x | 2.54x | 2.64x | 3.40x | 3.98x | 6.84x | 2.40x | 2.49x | 1.91x | 1.80x | 1.80x |
| Net Debt / EBITDA | 14.77x | 3.88x | 3.24x | 2.88x | 2.82x | 3.07x | 3.45x | 4.48x | 5.07x | 2.82x | 2.31x | 3.32x | 2.24x | 2.10x | 2.24x | 1.93x | 1.88x | 2.28x | 2.36x | 2.34x | 2.27x | 2.40x | 3.09x | 3.66x | 6.14x | 2.36x | 2.47x | 1.91x | 1.79x | 1.79x |
| Interest Coverage | 1.75x | 6.16x | 7.01x | 8.99x | 9.54x | 7.86x | 6.67x | 5.04x | 6.32x | 8.54x | 9.01x | 6.55x | 9.69x | 9.01x | 7.30x | 8.15x | 7.34x | 6.64x | 5.22x | 5.22x | 5.43x | 5.14x | - | - | - | - | - | - | - | - |
| Total Equity | 7.38B | 9.21B | 9.65B | 10.7B | 10.79B | 10.38B | 8.89B | 7.92B | 7.27B | 5.6B | 6.15B | 6.17B | 7.99B | 8.1B | 7.73B | 6.61B | 5.65B | 5.42B | 6.46B | 6.46B | 6.91B | 6.81B | 5.55B | 4.47B | 3.73B | 52M | -289M | 164.2M | 190.2M | 494.6M |
| Equity Growth % | -19.87% | -4.53% | -9.83% | -0.82% | 3.95% | 16.69% | 12.31% | 8.95% | 29.88% | -9.04% | -0.31% | -22.75% | -1.32% | 4.73% | 16.91% | 17.07% | 4.27% | -16.13% | 0% | -6.52% | 1.45% | 22.75% | 23.96% | 20.01% | 7071.15% | 117.99% | -276% | -13.67% | -61.54% | 60.74% |
| Book Value per Share | 13.48 | 16.52 | 16.65 | 17.80 | 17.61 | 16.76 | 14.50 | 13.08 | 12.41 | 9.36 | 10.07 | 10.04 | 12.37 | 12.16 | 11.60 | 9.95 | 8.27 | 7.88 | 9.31 | 8.96 | 9.12 | 8.32 | 6.72 | 5.92 | 5.45 | 0.09 | -0.47 | 0.26 | 0.29 | 0.77 |
| Total Shareholders' Equity | 7.37B | 9.2B | 9.4B | 10.45B | 10.54B | 9.47B | 8.06B | 7.05B | 6.14B | 4.33B | 4.93B | 5B | 6.53B | 6.67B | 6.42B | 6.37B | 5.4B | 5.17B | 6.22B | 5.32B | 5.77B | 5.68B | 5.25B | 4.17B | 3.58B | 52M | -289M | 164.2M | 190.2M | 494.6M |
| Common Stock | 75.5M | 75.5M | 75.5M | 75.5M | 75.5M | 75.5M | 75.5M | 75.5M | 75.5M | 75.5M | 75.5M | 75.5M | 75.5M | 75.5M | 75.5M | 75.5M | 75.5M | 75.5M | 37.7M | 50.2M | 50M | 50M | 5.68B | 5.68B | 5.73B | 745M | 681M | 657.9M | 0 | 0 |
| Retained Earnings | 20.51B | 21.92B | 20.97B | 19.84B | 18.53B | 17.07B | 15.98B | 15B | 14.46B | 13.14B | 12.62B | 11.99B | 11.79B | 10.7B | 9.96B | 9.19B | 8.12B | 7.24B | 6.51B | 5.75B | 5.11B | 4.5B | 3.72B | 3.08B | 2.57B | 2.47B | 2.11B | 1.83B | 1.62B | 1.54B |
| Treasury Stock | -11.9B | -11.47B | -10.36B | -8.41B | -7.28B | -6.61B | -6.43B | -6.78B | -7.17B | -7.76B | -6.33B | -6.06B | -5.22B | -3.69B | -3.18B | -3.21B | -2.62B | -2.47B | -1.66B | -6.2B | -5.16B | -4.46B | -3.92B | -4.2B | -4.29B | -3.01B | -2.94B | -2.2B | 0 | 0 |
| Accumulated OCI | -2.52B | -2.54B | -2.52B | -2.28B | -1.97B | -2.43B | -2.91B | -2.63B | -2.43B | -2.24B | -2.61B | -2.31B | -1.34B | -1.59B | -1.74B | -1.01B | -1.49B | -877.8M | 176.7M | -119.7M | 41M | -106M | -233M | -385M | -433M | -146M | -148M | -125.8M | 0 | 0 |
| Minority Interest | 12.2M | 12M | 251.8M | 250.4M | 245.6M | 907.7M | 835.6M | 864.9M | 1.13B | 1.27B | 1.22B | 1.17B | 1.45B | 1.42B | 1.31B | 246.7M | 245.1M | 244.2M | 242.3M | 1.14B | 1.14B | 1.13B | 299M | 300M | 153M | 0 | 0 | 0 | 0 | 0 |
Quick answers to the most common questions about buying GIS stock.
As of 2026, General Mills, Inc. (GIS) had total assets of $30.02B including $4.62B in current assets.
General Mills, Inc. (GIS) carries total debt of $13.54B, offset by $453.8M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
General Mills, Inc. (GIS) has total shareholders' equity (book value) of $7.37B ($13.48 book value per share). Book value represents the net worth of the company belonging to common stock holders.
General Mills, Inc. (GIS) reported a current ratio of 0.68x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.