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General Mills aims for 3.5x net leverage ratio by the end of the year
By Devika Patel
Knoxville, Tenn., March 18 – General Mills, Inc. management hopes to achieve a net leverage ratio of 3.5x by the end of the year.
“We will maintain our disciplined focus on cash to achieve our targeted year-end leverage ratio of 3.5x net debt-to-adjusted EBITDA,” chief financial officer Kofi Bruce said on the company’s third quarter ended Feb. 23 earnings conference call on Wednesday.
The maker of consumer food products is based in Minneapolis.
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