Operating Expenses
Short-term Lease Cost
General Mills Short-term Lease Cost remained flat by 0.0% to $8.15M in Q1 2025 compared to the prior quarter. Year-over-year, this metric grew by 1.2%, from $8.05M to $8.15M. Over 4 years (FY 2021 to FY 2025), Short-term Lease Cost shows an upward trend with a 8.6% CAGR.
Analysis
StatementIncome Statement
SectionOperating Expenses
CategoryEfficiency
SignalContext dependent
VolatilityStable
First reportedQ1 2021
Last reportedQ4 2025Jun 26, 2025
How to read this metric
Rising costs may indicate increased operational flexibility or a shift toward temporary asset usage rather than long-term capital commitments.
Detailed definition
This metric captures the total expense recognized for leases with a term of 12 months or less. These leases are typicall...
Peer comparison
Standard disclosure for companies following IFRS 16 or ASC 842 accounting rules.
Metric ID:
cat_short_term_lease_costHistorical Data
5 years
| FY'21 | FY'22 | FY'23 | FY'24 | FY'25 | |
|---|---|---|---|---|---|
| Value | $23.40M | $29.10M | $30.00M | $32.20M | $32.60M |
| YoY Change | — | +24.4% | +3.1% | +7.3% | +1.2% |
Range$23.40M – $32.60M
CAGR+8.6%
Avg YoY Growth+9.0%
Median YoY Growth+5.2%
Current Streak4+ years growth
Short-term Lease Cost at Other Companies
Frequently Asked Questions
- What is General Mills's short-term lease cost?
- General Mills (GIS) reported short-term lease cost of $8.15M in Q1 2025.
- How has General Mills's short-term lease cost changed year-over-year?
- General Mills's short-term lease cost increased by 1.2% year-over-year, from $8.05M to $8.15M.
- What is the long-term trend for General Mills's short-term lease cost?
- Over 4 years (2021 to 2025), General Mills's short-term lease cost has grown at a 8.6% compound annual growth rate (CAGR), from $23.40M to $32.60M.
- What does short-term lease cost mean?
- The cost of renting assets for short-term periods of one year or less.