Hormel Foods Balance Sheet Health
Financial Health criteria checks 4/6
Hormel Foods has a total shareholder equity of $8.0B and total debt of $2.8B, which brings its debt-to-equity ratio to 35.4%. Its total assets and total liabilities are $13.4B and $5.4B respectively. Hormel Foods's EBIT is $1.1B making its interest coverage ratio 33.8. It has cash and short-term investments of $766.6M.
Key information
35.4%
Debt to equity ratio
US$2.83b
Debt
| Interest coverage ratio | 33.8x |
| Cash | US$766.62m |
| Equity | US$8.00b |
| Total liabilities | US$5.43b |
| Total assets | US$13.43b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HRL's short term assets ($3.2B) exceed its short term liabilities ($1.4B).
Long Term Liabilities: HRL's short term assets ($3.2B) do not cover its long term liabilities ($4.0B).
Debt to Equity History and Analysis
Debt Level: HRL's net debt to equity ratio (25.8%) is considered satisfactory.
Reducing Debt: HRL's debt to equity ratio has increased from 4.2% to 35.4% over the past 5 years.
Debt Coverage: HRL's debt is well covered by operating cash flow (44.7%).
Interest Coverage: HRL's interest payments on its debt are well covered by EBIT (33.8x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/19 17:14 |
| End of Day Share Price | 2024/12/19 00:00 |
| Earnings | 2024/10/27 |
| Annual Earnings | 2024/10/27 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Hormel Foods Corporation is covered by 35 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| John Staszak | Argus Research Company |
| Ishan Majumdar | Baptista Research |
| Benjamin Theurer | Barclays |